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How Does the Projected Growth of the Dry Eye Syndrome Market Compare Over the Forecast Period?

The market size of dry eye syndrome has witnessed significant growth in recent years. Projected to rise from $3.92 billion in 2024 to $4.21 billion in 2025, it is expected to maintain a compound annual growth rate (CAGR) of 7.5%. Factors like improved healthcare accessibility, development in treatment methods, medications, underlying health conditions, hormonal shifts, and the effects of ocular surgery have contributed to the growth during the historical period.

The market for dry eye syndrome is forecasted to undergo significant growth in the coming years, reaching a value of $5.63 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. This projected growth during the forecast period can be linked to factors such as the aging population, increased screen time, changes in lifestyle habits, advancements in healthcare and its accessibility, trends in eye surgeries and the introduction of new treatments. The forecast period will also see a rise in holistic eye health approaches, the incorporation of artificial intelligence in eye care, remote consultations and telemedicine, personalized medical treatments, and a greater focus on awareness and education.

Which Primary Drivers Are Supporting the Continued Expansion of the dry eye syndrome Market?

The escalating occurrence of dry eye syndrome is projected to spur the expansion of the dry eye syndrome market in the future. Dry eye syndrome arises when the eyes fail to produce adequate tears. Products and medications tailored for dry eye syndrome work by providing essential lubrication and moisture to the eyes, enhancing tear production, improving the quality of tears, reducing ocular inflammation, and safeguarding the surface of the eye. Notably, a report from March 2022 based on a survey by Eyes On Eyecare involving 540 eyecare specialists revealed that 35 million Americans will be affected by dry eye disease (DED) in 2022, with the incidence rising progressively each year. Moreover, a 2022 meta-analysis of three US investigations by UpToDate Inc., a health information firm based in the US, demonstrated an 8.1% combined prevalence of dry eye. Consequently, the increasing occurrence of dry eye syndrome is stimulating the dry eye syndrome market’s growth.

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Who Are the Key Players Steering the Development of the Dry Eye Syndrome Market?

Major companies operating in the dry eye syndrome market include:

• Allergan plc_x000D_

• Novartis AG_x000D_

• Otsuka Pharmaceutical Co. Ltd._x000D_

• Santendo Pharmaceutical Co. Ltd._x000D_

• Sentiss Pharma Pvt. Ltd._x000D_

How Are Consumer Trends Shaping the Current and Future Landscape of the Dry Eye Syndrome Market?

One of the prominent trends in the dry eye syndrome market is the advent of product innovation. To maintain market dominance, major enterprises in the home dry eye syndrome segment are pushing the boundaries of product development. For example, in May 2023, Entod Pharmaceuticals Ltd, an organization based in India, introduced Cyclotears eye drops specifically designed to address dry eye disease. This avant-garde product utilizes the self-emulsifying drug delivery system (SEDDS) technology, which bolsters the ocular distribution of drugs with poor water solubility. The Cyclotears eye drops are prepared with cyclodextrin, aiming to enhance the stability and longevity of the tear film on the eye’s surface. The unique aspects of Cyclotears eye drops encompass a novel active ingredient, extended retention time, a lubricating feature, and its safety and preservative-free nature.

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What Are the Strategic Segments Comprising the Dry Eye Syndrome Market and Their Growth Contributions?

The dry eye syndrome market covered in this report is segmented –

1) By Product: Liquid Drops, Gel, Liquid Wipes, Eye Ointment, Other Products

2) By Treatment: Corticosteroids, Artificial Tears, Oral Omega Supplements, Lubricating Agent, Other Treatments

3) By Disease Type: Evaporative, Aqueous

4) By Distribution Channel: Offline, Online

5) By Application: Hospitals And Clinics, Medical Laboratories, Other Applications

Subsegments:

1) By Liquid Drops: Preservative-Free Drops, Preserved Liquid Drops, Antibiotic-Infused Drops

2) By Gel: Long-Lasting Gels, Hydrogel Formulations

3) By Liquid Wipes: Pre-Moistened Wipes, Anti-Bacterial Wipes

4) By Eye Ointment: Night-Time Ointments, Therapeutic Ointments

5) By Other Products: Eye Masks, Contact Lens Solutions, Nutritional Supplements

Which Geographical Regions Are Shaping the Dry Eye Syndrome Market Growth?

North America was the largest region in the dry eye syndrome market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global dry eye syndrome market report during the forecast period. The regions covered in the dry eye syndrome market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

How Do Experts Define the Scope of the Dry Eye Syndrome Market?

Dry eye syndrome, commonly known as dry eye illness, is a common disorder in which the eyes either do not produce enough tears or produce poor-quality tears. Dry eye occurs when your eyes do not produce enough tears to keep your eyes moist. This can cause discomfort, irritation, and inflammation of the eyes.

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