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Dry Eye Syndrome Market Value is Projected to Reach US$ 5.1 Billion by 2024

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The global dry eye syndrome market size reached US$ 3.5 Billion in 2018. On account of these factors, the market value is projected to reach US$ 5.1 Billion by 2024, expanding at a CAGR of around 6.5% during 2019-2024.

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Dry Eye Syndrome Market Value is Projected to Reach US$ 5.1 Billion by 2024

  1. 1. Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Dry Eye Syndrome Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved
  2. 2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
  3. 3. Report DescriptionReport Description and Highlights Global Dry Eye Syndrome Market Overview: As per the latest report by IMARC Group, titled “Dry Eye Syndrome Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global dry eye syndrome market size reached US$ 3.5 Billion in 2018. Dry eye syndrome, also known as keratoconjunctivitis sicca (KCS), refers to a condition in which the patient experiences a lack of lubrication or moisture on the surface of their eyes. The symptoms include aching and burning sensations, soreness, redness, fatigue, and itching in the eyes, along with photophobia. Moreover, watery eyes can also be a symptom of this condition as the dry eye surface can over-stimulate the production of the watery component of tears to reduce dryness. Dry Eye Syndrome Market Trends Reliance on electronic gadgets like computers and smartphones is one of the primary factors increasing the prevalence of dry eye syndrome. Prolonged usage of these devices results in strained eyes, diminished visual alertness, and mucosal dryness or burning sensation. Additionally, continuous staring at these devices can decrease the stability of the tear film and cause ocular discomfort. As per statistics, approximately 425-430 million individuals around the world get affected by diabetes.
  4. 4. Report DescriptionReport Description and Highlights 120.2 125.5 130.8 136.1 141.4 146.7 152.0 157.3 0 20 40 60 80 100 120 140 160 2011 2012 2013 2014 2015 2016 2017 2018 inBillionUS$ 160.0 165.3 170.6 175.9 181.2 186.5 0 20 40 60 80 100 120 140 160 180 2019 2020 2021 2022 2023 2024 InBillionUS$ It causes constant changes in the composition of the patient’s blood, thereby adversely affecting their tear glands. On account of these factors, the market value is projected to reach US$ 5.1 Billion by 2024, expanding at a CAGR of around 6.5% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/dry-eye-syndrome- market/requestsample
  5. 5. Report DescriptionReport Description and Highlights Apart from this, numerous diseases, such as diabetes, thyroid disorders, Sjogren’s syndrome, lupus, scleroderma and rheumatoid arthritis, increase the chances of developing dry eyes among patients. For more information, click here: https://www.imarcgroup.com/dry-eye-syndrome-market Key Market Segmentation: Market Segmentation by Disease Type • Evaporative Dry Eye Syndrome • Aqueous Dry Eye Syndrome Based on the disease type, the market has been bifurcated into evaporative and aqueous dry eye syndrome. At present, evaporative dry eye syndrome represents the most common disease type. Market Segmentation by Drug Type • Lubricant Eye Drops • Anti-inflammatory Drugs
  6. 6. Report Description Report Description and Highlights • Autologous Serum Eye Drops On the basis of the drug type, the market has been segregated into lubricant eye drops, anti- inflammatory drugs and autologous serum eye drops. Currently, anti-inflammatory drugs represent the largest segment as they aid in reducing the ocular surface inflammation that is commonly associated with dry eye syndrome. Market Segmentation by Product • Liquid Drops • Gel • Liquid Wipes • Eye Ointment • Others Based on the product, the market has been segmented into liquid drops, gels, liquid wipes, eye ointment and others. The report finds that liquid eye drops account for the majority of the total market share.
  7. 7. Report DescriptionReport Description and Highlights Market Segmentation by Distribution Channel • Pharmacies • Hospital Pharmacies • Online Pharmacies The market has been analyzed on the basis of the distribution channel into retail, hospital and online pharmacies. Amongst these, hospital pharmacies exhibit a clear dominance in the market. Market Segmentation by Region • North America • Europe • Asia Pacific • Middle East and Africa • Latin America Region-wise, North America is the largest market for dry eye syndrome owing to the large patient pool,
  8. 8. Report DescriptionReport Description and Highlights an increase in the usage of digital devices and the presence of several key players in the region. Other major markets include Asia Pacific, Latin America, Middle East and Africa and Europe. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • Novartis AG • Allergan plc. • Otsuka Holdings Co., Ltd. • Santen Pharmaceutical Co., Ltd. • Nicox S.A. • Auven Therapeutics • Akorn, Inc. • Bausch + Lomb • Alimera Science • GlaxoSmithKline plc
  9. 9. Report DescriptionReport Description and Highlights Browse Related Report Wound Care Biologics Market Report: https://www.imarcgroup.com/wound-care-biologics-market H1N1 Vaccines Market Report: https://www.imarcgroup.com/h1n1-vaccines-market
  10. 10. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  11. 11. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  12. 12. Report DescriptionReport Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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