The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s dry eye medication market report forecasts the dry eye medication market size to grow to $13.99 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Dry Eye Medication Market Report 2023 – https://www.thebusinessresearchcompany.com/report/dry-eye-medication-global-market-report

Dry Eye Medication Market Size Forecast
The global dry eye medication market is expected to grow from $8.67 billion in 2022 to $9.62 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global dry eye medication market size is expected to grow to $13.99 billion in 2027 at a CAGR of 9.8%.

North America held the largest dry eye medication market share, and Middle East was the fastest-growing region in 2022.

Key Dry Eye Medication Market Driver ­– Rise In The Prevalence Of The Disease
For example, a survey conducted by the American Academy of Ophthalmology reported that in the USA, nearly 3.2 million women and 1.68 million men, over the age of 50 were affected by dry eye syndrome. Similarly, a study conducted by the Indian Journal of Ophthalmology indicated a 32% prevalence of dry eye disease in the Northern part of India. the rising prevalence of the disease would increase the demand for its treatment and ultimately facilitate the growth of this market.

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Key Dry Eye Medication Market Trend – Incorporating Modern Techniques
Treatment for dry eye disease improved with the incorporation of modern techniques that helped invent advanced hyaluronic acid-based lubricants and lipid emulsions. This technology replaces artificial tears that include isotonic sodium chloride and provides long-lasting lubrication on the surface of the eye. For instance, Allergan, a global pharmaceutical company, launched Refresh Repair Lubricant Eye Drops which are designed to repair and protect the eyes from dry eye disease and improve the clarity of vision and are formulated with carboxymethylcellulose (CMC), hyaluronic acid, and osmoprotectants. These components maintain the health of the ocular surface and safeguard epithelial cells. Advances in technology will have a positive effect on the market.

Dry Eye Medication Market Segment
1) By Type: Aqueous dry eye syndrome, Evaporative dry eye syndrome
2) By end-user: Hospital Pharmacies, Eye Health Clinics, Retail Pharmacies, Online Pharmacies
3) By Product Type: Liquid Drops, Gel, Liquid Wipes, Eye Ointment

Dry Eye Medication Market Major Players and Strategies
Major players in the dry eye medication market are Novartis, Allergan, Otsuka, Santen Pharmaceutical, Auven Therapeutics, Akorn, Valent Pharmaceuticals, Johnson and Johnson Vision, Alcon and Bausch & Lomb.

In July 2022, Alcon, a Switzerland-based ophthalmology company acquired Eysuvis pharmaceutical eye drops from Kala Pharmaceuticals for a deal amount of $60 million. Through this acquisition, Alcon acquires Inveltys treatment of post-operative inflammation and pain following ocular surgery and expands its portfolio. Kala Pharmaceuticals is a US-based pharmacuetical company operating in drug eye medication.

The Dry Eye Medication Global Market Report 2023 covers regional data on dry eye medication market size, dry eye medication market trends and drivers, opportunities, strategies, and dry eye medication market competitor analysis. The countries covered in the dry eye medication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Dry eye medication refers to the drugs or medication that is used to treat dry eye by increasing your eye moisture. A multifactorial condition of the tears and ocular surface known as dry eye causes symptoms such as pain, blurred vision, and tear film instability, as well as the possibility of ocular surface injury.

View More Reports Related To The Dry Eye Medication Market –
Eyewear Global Market Report 2023
Dry Cleaning And Laundry Services Global Market Report 2023
Medication Adherence Global Market Report 2023

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