Global Artificial Tears Market Overview
Artificial tears work as lubricants eye drops that are used for treating the irritation and dryness related with the deficiency in tear production in dry eyes or kerato conjunctivitis sicca. Artificial tears are used for moistening contact lenses and at the time of eye checkups and examinations. This product is employed for the aim of treating problems caused because of dryness and irritation. These artificial tears are made by using salts, water, and polymers. However, these artificial tears don't inherit proteins which are present in real tears. It is often purchased in any pharmacy or medical unit. For instance, the world population living in the area is projected to increase from 55% in 2018 to 68% in 2050. This is further supported by rising prevalence of dry eye disease coupled with rising demand of eye drops. According to the study published in the American Journal of Opthalmology, the annual prevalence of dry eye disease increased from 0.8% to 3.0% from 2005 to 2012.
The Artificial Tears Market accounted for US$ XX billion in 2020 and is estimated to be US$ XX billion by 2029 and is anticipated to register a CAGR of XX.
Impact of Covid-19 pandemic on market
With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. The pandemic has profoundly changed our everyday lives. During lockdown, opportunities for venturing outside were significantly limited; in Italy, people weren’t even allowed to go outside for walks or exercise, and in other countries there were strict time limits imposed. This has been a real problem for patients with dry eye disease, as low humidity and restricted airflow indoors can induce or exacerbate the condition. This report will quantify the impact of pandemic on artificial tears market.
Global Artificial Tears Market Dynamics
One of the major drivers of the artificial tears market is the growing prevalence of dry eye syndrome (DES) owing to several factors such as prolonged exposure to digital displays, rising pollution levels, protein and vitamin deficiencies, and climatic changes. The growing geriatric population and rising number of eye surgeries that demands the use of artificial tears for post-surgery management are also boosting the market growth.
Increasing use of contact lenses
Increasing use of contact lenses, digital workloads among individuals and development of innovation products are some factors expected to create potential revenue opportunities for players operating in the global market over the forecast period. In addition, development of preservative free artificial tear gas, owing to resolve its side-effects are another factor expected to create lucrative opportunity for the target market over the forecast period.
Global Artificial Tears Market Segmentation
The global artificial tears market is segmented based on type, delivery method, application and region.
On the basis of type, the global artificial tears market is segmented into cellulose derived, glycerine derived, and oil based emulsion tears. Based on delivery method, the target market is segmented into eye drops, and ointments. Based on application, the target market segmented into dry eyes treatment, and contact lenses moisture.
On region the global artificial tears market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate in the global market in terms of revenue over the forecast period, owing to rising awareness of product and availability of advanced products across various countries in the region. The market in Europe is expected to register significant growth in terms of revenue over the forecast period, owing to presence of wide verity of products and manufacturers across various countries in the region. The market in Asia Pacific is expected to register highest market share over the forecast period, owing to rising incidences of Dry Eye Syndrome (DES) across various countries in the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Type- Cellulose Derived, Glycerine Derived, and Oil Based Emulsion Tears By Delivery Mode- Eye Drops, and Ointments By Application- Dry Eyes Treatment, and Contact Lenses Moisture |
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Delivery Mode Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global artificial tears market report based on type, delivery mode, application and region.
Global Artificial Tears Market, By Type:
- Cellulose Derived
- Glycerine Derived
- Oil Based Emulsion Tears
Global Artificial Tears Market, By Delivery Mode:
- Eye Drops
- Ointments
Global Artificial Tears Market, By Application:
- Dry Eyes Treatment
- Contact Lenses Moisture
Global Artificial Tears Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Artificial Tears Market Key Players
The key players operating in the global artificial tears market includes Abbott Medical Optics Inc., Akorn, Inc., Alcon Laboratories, Inc., Allergan Plc, Aura Labs Ltd., Bausch & Lomb Incorporation, Bayer Ag, Carl Zeiss Ag, Essilor International S.A, and Hoya Corporation. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, In February 2017, Johnson and Johnson acquired three business segment of Abbot Medical Optics, namely, consumer eye health, contract surgery, and laser refractive surgery. The acquisitions were done to expand its global footprint as well as expand the consumer base across the globe.
Global Artificial Tears Market Company Profile
- Abbott Medical Optics Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Akorn, Inc.
- Alcon Laboratories, Inc.
- Allergan Plc
- Aura Labs Ltd.
- Bausch & Lomb Incorporation
- Bayer Ag
- Carl Zeiss Ag
- Essilor International S.A
- Hoya Corporation
Global Artificial Tears Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Artificial Tears Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Delivery Mode
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Artificial Tears Market, By Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Cellulose Derived
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Glycerine Derived
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Oil Based Emulsion Tears
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Artificial Tears Market, By Delivery Mode, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Eye Drops
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Ointments
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Artificial Tears Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Dry Eyes Treatment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Contact Lenses Moisture
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Artificial Tears Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Delivery Mode, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Delivery Mode, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Delivery Mode, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Delivery Mode, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Delivery Mode, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Abbott Medical Optics Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Akorn, Inc.
- Alcon Laboratories, Inc.
- Allergan Plc
- Aura Labs Ltd.
- Bausch & Lomb Incorporation
- Bayer Ag
- Carl Zeiss Ag
- Essilor International S.A
- Hoya Corporation
- Abbott Medical Optics Inc.
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The artificial tears market accounted for 1731.2 Million in 2020 and is estimated to be US$ 2510.3 Million by 2029 and is anticipated to register a CAGR of 4.2%
The market report has been segmented on the basis of type, delivery mode, application and region.
the development of preservative-free formulations, the increasing prevalence of dry eye syndrome, and advancements in ocular drug delivery technologies, presenting significant opportunities in the global Artificial Tears Market.
growing aging population, rising cases of dry eye syndrome due to factors like screen time, environmental conditions, and systemic diseases, and the increasing awareness of eye health and available treatment options.
North America, Europe, and Asia-Pacific are likely to be key regions, but the situation is dynamic, and it's advisable to refer to the latest reports for the most current information.
The prominent player operating in the global artificial tears market includes Abbott Medical Optics Inc., Akorn, Inc., Alcon Laboratories, Inc., Allergan Plc, Aura Labs Ltd., Bausch & Lomb Incorporation, Bayer Ag, Carl Zeiss Ag, Essilor International S.A, and Hoya Corporation.