Global Dry Eye Disease Diagnostics Market: Overview

Insufficient availability of tears in eye is termed as dry eye disease. Dry eye disease, also known as Keratoconjuctivitis Sicca, is common phenomenon which is likely to be experienced once in lifetime by an individual. According to various studies conducted across globe, prevalence of dry eye disease varies in the range of 4.5% to 34% across populations. Major symptoms of dry eye disease are burning, stinging, pain, and redness. The dry eye disease is categorized into two types: evaporative dry eye disease (tears produced do not last long and make eyes dry) and aqueous deficiency dry eye (caused by insufficient or abnormal production of tears due to abnormal functioning of tear producing glands around the eye lids). Dry eye disease is also caused by external factors such as pollution, prolonged visual strain, consumption of certain medications, prolonged use of lenses, LASIK, and other refractive eye surgeries and others. Technical advancements in the diagnostic field and better understanding of pathophysiology of dry eye disease has led to advanced diagnostic tools for dry eye disease diagnosis.

Global Dry Eye Disease Diagnostics Market: Drivers and Restraints

Dry eye disease is more prevalent in women. Moreover, incidence of dry eye disease diagnostics is high among the geriatric population. Around 50% to 70% of contact lens wearers are likely to experience dry eye disease diagnostics, while over 70% of patients undergoing LASIK and other refractive surgeries experience chronic dry eye disease. Another risk factor for dry eye disease is diabetes. Increase in prevalence of diabetes across the globe is likely to drive the number of dry eye disease diagnostics patients. However, there are no standardized guidelines for the diagnosis and treatment of dry eye disease which has led to dry eye disease diagnostics management underrated. Preference for diagnostic tool varies from region to region. Moreover, high cost of specialized diagnostic tools and lack of availability restrains the uptake of dry eye diagnostic tests. Over-reliance on the conventional methods and visual diagnosis by ophthalmologists and optometrists further hampers Dry Eye Disease Diagnostics Market growth.

Global Dry Eye Disease Diagnostics Market: Key Segments

The global dry eye disease diagnostics market can be segmented based on test type, end-user, and region. In terms of test type, the Dry Eye Disease Diagnostics Market can be divided into Schirmer’s test, corneal staining, tear break-up time (TBUT), optical coherence tomography, tear film stability analysis, interferometer, tear osmolarity, immunoassay testing, and ocular surface thermography. The corneal staining segment can be classified into fluorescein staining, rose bengal staining, and lissamine green staining. Advance diagnostic systems such as Tomey Corporation’s RT-6000 which works on the principal of tear film stability analysis, Advanced Tear Diagnostics’ TearScan MicroAssay System which works on immunoassay technology, and TearScience, Inc.’s LipiView are likely to shift the trend of global Dry Eye Disease Diagnostics Market toward specialized dry eye diagnostics.

Geographically, the global dry eye disease diagnostics market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to hold a leading share of the global Dry Eye Disease Diagnostics Market during the forecast period, due to high adoption of technically advanced diagnostic tools and high health care expenditure. Europe is anticipated to account for a significant share of the global Dry Eye Disease Diagnostics Market during the forecast period. High prevalence of ocular diseases, increase in awareness about dry eye disease, and developing health care infrastructure in emerging markets such as China and India are projected to drive the dry eye disease diagnostics market in Asia Pacific during the forecast period.

Global Dry Eye Disease Diagnostics Market: Key Players

Major players operating in the global dry eye disease diagnostics market are Johnson & Johnson, Advanced Tear Diagnostics, Tomey Corporation, Optovue Inc., Carl Zeiss Meditec AG, TearLab Corporation, OPIA Technologies, and Quidel Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Dry Eye Disease Diagnostics Market

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