Dry Eye Syndrome Treatment Market
PUBLISHED: 2023 ID: SMRC24213
SHARE
SHARE

Dry Eye Syndrome Treatment Market

Dry Eye Syndrome Treatment Market Forecasts to 2030 - Global Analysis By Product Type (Artificial Tears, Cyclosporine, Lubricants, Corticosteroids, Punctual Bags, Omega Supplements and Other Product Types), Treatment, Dose, Drug, Diagnosis, Medication Type, Distribution Channel, End User and By Geography

4.6 (15 reviews)
4.6 (15 reviews)
Published: 2023 ID: SMRC24213

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Dry Eye Syndrome Market is accounted for $5.1 billion in 2023 and is expected to reach $9.4 billion by 2030 growing at a CAGR of 9.1% during the forecast period. The disease known as dry eye syndrome, or keratoconjunctivitis sicca (KCS), is characterized by a lack of lubrication or moisture on the eye's surface. It is a widespread condition that can affect anyone at any time. Other dry eye symptoms include photophobia, aching and burning feelings, hurting eyes, red eyes, fatigued eyes, itchy eyes, and other eye-related issues. Watery eyes can also be a sign because the dryness of the eye's surface over-stimulates the creation of the watery component of tears.

According to investor presentation of Bausch + Lomb, a leading eye care company, in U.S. an estimated 38 million people affected with dry eye disease (DED) out of which only 19 million were diagnosed. 

Market Dynamics: 

Driver: 

Growing prevalence of dry eye syndrome

This chronic illness affects people differently as they age. The prevalence is rising in both the young and the elderly population, though, as a result of bad food, increased use of contact lenses, more screen time, and an increase in LASIK procedures. The need for more potent treatment interventions for this illness will rise as its prevalence rises, fueling the expansion of the dry eye syndrome market throughout the projected period.

Restraint:

Low priority given to eye health

Unless there is a severe clinical problem, people seldom consult ophthalmologists on a regular basis. It happens frequently that dry eye symptoms like redness, burning, and other similar ones go undiagnosed. The number of patients who can be treated with these prescription medications as a result of this has decreased. The market expansion potential is therefore limited as a result of the lower acceptance rate of these eye care products.

Opportunity:

Increase in the number of R & D activities

The market for treating dry eye problems is expanding as a consequence of the high R&D investment on the creation of efficient treatment lines. As the country performs more LASIK surgeries, there is a growing demand for treatments for dry eye syndrome. Rising investments in the development of advanced technologies and an increase in the number of emerging markets will also help the market grow during the forecast period.

Threat:

Lack of awareness

The general public knows virtually little about eye health. Many of the symptoms of dry eyes, which may be swiftly cured or relieved with a correct diagnosis and medications, are not well known. Patients rarely visit ophthalmologists unless there is a major clinical problem. Many dry eye sufferers have their redness, irritation, and other symptoms ignored or misdiagnosed, which reduces the number of individuals who may receive prescription pharmaceutical treatment. This is limiting the market from expanding.

Covid-19 Impact: 

Numerous investigations conducted during the pandemic discovered that individuals continued to experience dry eye symptoms for several weeks or months after they had recovered. As this is a prevalent ophthalmic disorder, this resulted in a rise in the prevalence of this ailment. Additionally, during the COVID-19, a gradual transition in people's work and study habits from offline to online led to a rise in the prevalence of this disorder. On the other hand, it was discovered that throughout the pandemic, consultations for all non-essential therapeutic interventions had decreased, which led to a fall in the demand for these therapies.

The cyclosporine segment is expected to be the largest during the forecast period

The cyclosporine segment is expected to be the largest during the forecast period owing to the long-standing use of medications using cyclosporine as a basis. Research has shown its usefulness for treating the signs and symptoms of dry eye illness. Cyclosporine has been reported to decrease T-cell proliferation, an inflammatory response that contributes to disease. Restasis and Cequa are two drugs for treating the symptoms of dry eye that have FDA approval.

The hospital pharmacy segment is expected to have the highest CAGR during the forecast period

The hospital pharmacy segment is expected to have the highest CAGR during the forecast period owing to increasing demand for devices and drugs for the diagnosis and treatment of dry eye disease. Patients with more severe or complicated instances of dry eye disease who needs specialist care are frequently catered to by hospital pharmacists. These patients may benefit from taking prescription drugs like Immunomodulators or anti-inflammatory drugs, which are commonly sold at hospital pharmacies.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. This high market share may be ascribed to a variety of factors, including the presence of significant industry players, an increase in the number of patients suffering from dry eye disease, an expanding elderly population, among others. This region has a relatively high prevalence of dry eye disease, driven by various factors such as an aging population, widespread use of digital devices, and environmental factors. 

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period due to improvements in overall healthcare infrastructure, rising prevalence of dry eye disease, and improved access to healthcare. The high prevalence of cardiovascular diseases in countries with high populations, such as China and India, as well as the rising number of market players' strategies and trends, such as product development, product approval, partnership, collaboration, and agreement, are driving the region to expand.

Key players in the market

Some of the key players in Dry Eye Syndrome market include Novartis AG, Eli Lilly and Company, AbbVie, Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Sanofi, Santen Pharmaceutical Co., Ltd., Pfizer Inc  ., AFT Pharmaceuticals, Merck & Co., Inc. , Johnson & Johnson Services, Inc., Akorn Operating Company LLC , Bausch + Lomb Corporation, Allergan, OASIS Medical, GlaxoSmithKline plc, Oyster Point Pharma, Inc., Otsuka America Pharmaceutical, Inc., Novaliq GmbH and F. Hoffmann-La Roche Ltd.

Key Developments:

In June 2023, Novaliq GmbH announced that the U.S. Food and Drug Administration (FDA) has approved VEVYE (cyclosporine ophthalmic solution) 0.1% for the treatment of the signs and symptoms of dry eye disease.

In May 2023, Bausch + Lomb Corporation and Novaliq GmbH announced that the U.S. Food and Drug Administration (FDA) has approved MIEBO (perfluorohexyloctane ophthalmic solution; formerly known as NOV03), for the treatment of the signs and symptoms of dry eye disease (DED). MIEBO is the first and only FDA-approved treatment for DED that directly targets tear evaporation.

Product Types Covered:
• Artificial Tears
• Cyclosporine
• Lubricants
• Corticosteroids
• Punctual Bags
• Omega Supplements
• Other Product Types

Treatments Covered:
• Anti-Inflammatory
• Cholinergics
• Anti-Infectives
• Lubricating Agent
• Anti-Allergics
• Other Treatments 

Doses Covered:
• Multi Dose
• Unit Dose

Drugs Covered:
• Xiidra
• Restasis
• Cequa
• Eysuvis
• Tyrvaya
• Other Drugs

Diagnosis Covered:
• Tear Osmolarity Test
• Schirmer Test
• Comprehensive Eye Exam 

Medication Types Covered:
• Over the counter (OTC) Drug
• Prescription (Rx) Drug
• Other Medication Types

Distribution Channels Covered:
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy

End Users Covered:
• Homecare
• Hospitals
• Specialty Clinics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Product Analysis        
 3.7 End User Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Dry Eye Syndrome Treatment Market, By Product Type     
 5.1 Introduction        
 5.2 Artificial Tears        
 5.3 Cyclosporine        
 5.4 Lubricants        
 5.5 Corticosteroids        
 5.6 Punctual Bags        
 5.7 Omega Supplements       
 5.8 Other Product Types       
           
6 Global Dry Eye Syndrome Treatment Market, By Treatment     
 6.1 Introduction        
 6.2 Anti-Inflammatory        
 6.3 Cholinergics        
 6.4 Anti-Infectives        
 6.5 Lubricating Agent        
 6.6 Anti-Allergics        
 6.7 Other Treatments         
           
7 Global Dry Eye Syndrome Treatment Market, By Dose      
 7.1 Introduction        
 7.2 Multi Dose        
 7.3 Unit Dose        
           
8 Global Dry Eye Syndrome Treatment Market, By Drug     
 8.1 Introduction        
 8.2 Xiidra         
 8.3 Restasis         
 8.4 Cequa         
 8.5 Eysuvis         
 8.6 Tyrvaya         
 8.7 Other Drugs        
           
9 Global Dry Eye Syndrome Treatment Market, By Diagnosis     
 9.1 Introduction        
 9.2 Tear Osmolarity Test       
 9.3 Schirmer Test        
 9.4 Comprehensive Eye Exam       
           
10 Global Dry Eye Syndrome Treatment Market, By Medication Type    
 10.1 Introduction        
 10.2 Over the counter (OTC) Drug       
 10.3 Prescription (Rx) Drug       
 10.4 Other Medication Types       
           
11 Global Dry Eye Syndrome Treatment Market, By Distribution Channel    
 11.1 Introduction        
 11.2 Hospital Pharmacy        
 11.3 Retail Pharmacy        
 11.4 Online Pharmacy        
           
12 Global Dry Eye Syndrome Treatment Market, By End User     
 12.1 Introduction        
 12.2 Homecare        
 12.3 Hospitals         
 12.4 Specialty Clinics        
 12.5 Other End Users        
           
13 Global Dry Eye Syndrome Treatment Market, By Geography     
 13.1 Introduction        
 13.2 North America        
  13.2.1 US        
  13.2.2 Canada        
  13.2.3 Mexico        
 13.3 Europe         
  13.3.1 Germany        
  13.3.2 UK        
  13.3.3 Italy        
  13.3.4 France        
  13.3.5 Spain        
  13.3.6 Rest of Europe       
 13.4 Asia Pacific        
  13.4.1 Japan        
  13.4.2 China        
  13.4.3 India        
  13.4.4 Australia        
  13.4.5 New Zealand       
  13.4.6 South Korea       
  13.4.7 Rest of Asia Pacific       
 13.5 South America        
  13.5.1 Argentina       
  13.5.2 Brazil        
  13.5.3 Chile        
  13.5.4 Rest of South America      
 13.6 Middle East & Africa       
  13.6.1 Saudi Arabia       
  13.6.2 UAE        
  13.6.3 Qatar        
  13.6.4 South Africa       
  13.6.5 Rest of Middle East & Africa      
           
14 Key Developments         
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 14.2 Acquisitions & Mergers       
 14.3 New Product Launch       
 14.4 Expansions        
 14.5 Other Key Strategies       
           
15 Company Profiling         
 15.1 Novartis AG        
 15.2 Eli Lilly and Company       
 15.3 AbbVie, Inc.        
 15.4 Teva Pharmaceutical Industries Ltd.      
 15.5 Sun Pharmaceutical Industries Ltd.      
 15.6 Sanofi         
 15.7 Santen Pharmaceutical Co., Ltd.      
 15.8 Pfizer Inc.        
 15.9 AFT Pharmaceuticals       
 15.10 Merck & Co., Inc.         
 15.11 Johnson & Johnson Services, Inc.      
 15.12 Akorn Operating Company LLC       
 15.13 Bausch + Lomb Corporation       
 15.14 Allergan         
 15.15 OASIS Medical        
 15.16 GlaxoSmithKline plc       
 15.17 Oyster Point Pharma, Inc.       
 15.18 Otsuka America Pharmaceutical, Inc.      
 15.19 Novaliq GmbH        
 15.20 F. Hoffmann-La Roche Ltd.       
           
List of Tables          
1 Global Dry Eye Syndrome Treatment Market Outlook, By Region (2021-2030) ($MN)   
2 Global Dry Eye Syndrome Treatment Market Outlook, By Product Type (2021-2030) ($MN)  
3 Global Dry Eye Syndrome Treatment Market Outlook, By Artificial Tears (2021-2030) ($MN)  
4 Global Dry Eye Syndrome Treatment Market Outlook, By Cyclosporine (2021-2030) ($MN)  
5 Global Dry Eye Syndrome Treatment Market Outlook, By Lubricants (2021-2030) ($MN)  
6 Global Dry Eye Syndrome Treatment Market Outlook, By Corticosteroids (2021-2030) ($MN)  
7 Global Dry Eye Syndrome Treatment Market Outlook, By Punctual Bags (2021-2030) ($MN)  
8 Global Dry Eye Syndrome Treatment Market Outlook, By Omega Supplements (2021-2030) ($MN) 
9 Global Dry Eye Syndrome Treatment Market Outlook, By Other Product Types (2021-2030) ($MN) 
10 Global Dry Eye Syndrome Treatment Market Outlook, By Treatment (2021-2030) ($MN)  
11 Global Dry Eye Syndrome Treatment Market Outlook, By Anti-Inflammatory (2021-2030) ($MN) 
12 Global Dry Eye Syndrome Treatment Market Outlook, By Cholinergics (2021-2030) ($MN)  
13 Global Dry Eye Syndrome Treatment Market Outlook, By Anti-Infectives (2021-2030) ($MN)  
14 Global Dry Eye Syndrome Treatment Market Outlook, By Lubricating Agent (2021-2030) ($MN) 
15 Global Dry Eye Syndrome Treatment Market Outlook, By Anti-Allergics (2021-2030) ($MN)  
16 Global Dry Eye Syndrome Treatment Market Outlook, By Other Treatments  (2021-2030) ($MN) 
17 Global Dry Eye Syndrome Treatment Market Outlook, By Dose  (2021-2030) ($MN)   
18 Global Dry Eye Syndrome Treatment Market Outlook, By Multi Dose (2021-2030) ($MN)  
19 Global Dry Eye Syndrome Treatment Market Outlook, By Unit Dose (2021-2030) ($MN)  
20 Global Dry Eye Syndrome Treatment Market Outlook, By Drug (2021-2030) ($MN)   
21 Global Dry Eye Syndrome Treatment Market Outlook, By Xiidra (2021-2030) ($MN)   
22 Global Dry Eye Syndrome Treatment Market Outlook, By Restasis (2021-2030) ($MN)  
23 Global Dry Eye Syndrome Treatment Market Outlook, By Cequa (2021-2030) ($MN)   
24 Global Dry Eye Syndrome Treatment Market Outlook, By Eysuvis (2021-2030) ($MN)  
25 Global Dry Eye Syndrome Treatment Market Outlook, By Tyrvaya (2021-2030) ($MN)  
26 Global Dry Eye Syndrome Treatment Market Outlook, By Other Drugs (2021-2030) ($MN)  
27 Global Dry Eye Syndrome Treatment Market Outlook, By Diagnosis (2021-2030) ($MN)  
28 Global Dry Eye Syndrome Treatment Market Outlook, By Tear Osmolarity Test (2021-2030) ($MN) 
29 Global Dry Eye Syndrome Treatment Market Outlook, By Schirmer Test (2021-2030) ($MN)  
30 Global Dry Eye Syndrome Treatment Market Outlook, By Comprehensive Eye Exam (2021-2030) ($MN) 
31 Global Dry Eye Syndrome Treatment Market Outlook, By Medication Type (2021-2030) ($MN)  
32 Global Dry Eye Syndrome Treatment Market Outlook, By Over the counter (OTC) Drug (2021-2030) ($MN)
33 Global Dry Eye Syndrome Treatment Market Outlook, By Prescription (Rx) Drug (2021-2030) ($MN) 
34 Global Dry Eye Syndrome Treatment Market Outlook, By Other Medication Types (2021-2030) ($MN) 
35 Global Dry Eye Syndrome Treatment Market Outlook, By Distribution Channel (2021-2030) ($MN) 
36 Global Dry Eye Syndrome Treatment Market Outlook, By Hospital Pharmacy (2021-2030) ($MN) 
37 Global Dry Eye Syndrome Treatment Market Outlook, By Retail Pharmacy (2021-2030) ($MN)  
38 Global Dry Eye Syndrome Treatment Market Outlook, By Online Pharmacy (2021-2030) ($MN)  
39 Global Dry Eye Syndrome Treatment Market Outlook, By End User (2021-2030) ($MN)  
40 Global Dry Eye Syndrome Treatment Market Outlook, By Homecare (2021-2030) ($MN)  
41 Global Dry Eye Syndrome Treatment Market Outlook, By Hospitals (2021-2030) ($MN)  
42 Global Dry Eye Syndrome Treatment Market Outlook, By Specialty Clinics (2021-2030) ($MN)  
43 Global Dry Eye Syndrome Treatment Market Outlook, By Other End Users (2021-2030) ($MN)  
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials