Insights into Dry Eye Syndrome Market: Valued at USD 5.2 Billion with Projected 4.21% CAGR by 2030

MarkNtel Advisors has recently study an extensive market intelligence analysis on the Global Dry Eye Syndrome Market. The newly released report showcases an engaging format enriched with visually compelling tables, graphs, charts, and figures. These seamlessly integrated visual aids are designed to bolster the accuracy and clarity of the information presented, offering readers a thorough grasp of the topic at hand.

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How big is the Dry Eye Syndrome market?

The Global Dry Eye Syndrome Market size is valued at around USD 5.2 billion in 2023 and is projected to grow at a CAGR of around 4.21% during the forecast period, i.e., 2024-30. The growing incidence of this disease globally has been driving the demand for its drugs in the market since the historical years, and this trend is expected to flourish during the forthcoming period as well. Owing to the rise in the geriatric population, increased awareness of the diagnosis & treatment, and an upsurge in the usage of contact lenses, high screen time, etc., are some factors aiding in enhancing the market size.

Factors Influencing Dry Eye Syndrome Market Growth: An Analysis of Market Drivers:

Growing Number of Eye Care Centers Prompting Surge in Product Utilization – The prevalence of dry eye disease has been increasing worldwide, owing to various reasons such as environmental conditions, hormonal changes, a rise in the geriatric population, autoimmune disorders, etc. This has resulted in a spike in eye clinics & centers globally for treatment. Additionally, the blossoming of eye care centers is majorly driven by the steady boost in professionals, such as ophthalmologists & optometrists. While the number of ophthalmologists is expected to remain stable, the number of optometrists is presumed to raise.

Optometrists offer services through private practices, chain/mass merchandisers, and government organizations. Independent optometrists can differentiate themselves by providing personalized care, building patient loyalty, and offering clinical care. Hence, this allows them to offer a higher level of service to the patients. Thus, the growing number of eye care centers is prompting a surge in product utilization of DED & would propel its demand in the forecast years.

Geographical Insight: Dry Eye Syndrome Industry

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Among them, North American region depicts considerable growth in the market, as the region captured the major share of the Dry Eye Syndrome Market owing to a large patient pool, increasing per capita healthcare expenditure, and soaring investment, merger, and acquisition of key players across the region.

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Competitor Breakdown: Global Dry Eye Syndrome Market

In the fast-changing Global Dry Eye Syndrome Market, understanding what our competitors are doing is really important. By carefully looking at things, we figure out who the major market players are, what they're good at, and where they're not so good. This helps us make smart choices and do well in the competition. Understanding our rivals helps to grow fast and do their best. By keeping a close eye on our competitors and changing our approach when needed, we stay ahead and grab opportunities for growth. Also, watching what customers like and how the market is changing helps stay ahead of the competition.

Names of major industry players are:

Mitotech Pharma
ReGen Tree
Santen Pharmaceutical
HanAll BioPharma
Sun Pharma
Novaliq
Sylentis
Alcon
Horus Pharma
Johnson & Johnson
Alderya Therapeutics
Visufarma
Allergan
Prestige Consumer Health

Segmentation Analysis: Dry Eye Syndrome Market

By Product

Artificial Tears- Market Size & Forecast 2019-2030, USD Million
Anti-inflammatory Drugs- Market Size & Forecast 2019-2030, USD Million
- Cyclosporine-- Market Size & Forecast 2019-2030, USD Million
- Corticosteroid-- Market Size & Forecast 2019-2030, USD Million
Punctal Plugs- Market Size & Forecast 2019-2030, USD Million
- Dissolvable-- Market Size & Forecast 2019-2030, USD Million
- Removable-- Market Size & Forecast 2019-2030, USD Million
Others (Secretagogues, Oral drugs, etc.)- Market Size & Forecast 2019-2030, USD Million

By Disease Type

Aqueous Dry Eye - Market Size & Forecast 2019-2030, USD Million
Evaporative Dry Eye - Market Size & Forecast 2019-2030, USD Million

By Distribution Channel

Offline- Market Size & Forecast 2019-2030, USD Million
- Retail Pharmacies- Market Size & Forecast 2019-2030, USD Million
- Hospital Pharmacies - Market Size & Forecast 2019-2030, USD Million
Online- Market Size & Forecast 2019-2030, USD Million

By Competition

Competition Characteristics
Market Share Analysis

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