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What fueled the previous growth in the dry eye syndrome market?

In recent times, the market size of the dry eye syndrome has expanded significantly. The anticipated growth is from $3.92 billion in 2024 to $4.21 billion in 2025, registering a compound annual growth rate (CAGR) of 7.5%. Factors such as enhanced accessibility to healthcare, development in treatment alternatives, availability of medications, health status, hormonal fluctuations, and the effect of ocular surgery contributed to the growth during the historical period.

What will be the dry eye syndrome market size in the future?

Forecasting a robust expansion in the coming years, the dry eye syndrome market is poised to attain a valuation of “$5.63 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. This spiraling growth during the forecast period can be traced back to a myriad of reasons including older population demographics, rising screen exposure, alterations in lifestyle practices, enhanced healthcare consciousness and accessibility, shifting trends in ocular surgeries, and the advent of innovative therapies. The forecast period is also likely to witness key trends such as a comprehensive approach to eye health, the inclusion of artificial intelligence in eye care, prevalence of telemedicine and remote consultations, a customised approach to medicine, and an upsurge in awareness and education.

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What main drivers are fueling expansion in the dry eye syndrome market?

The increasing incidence of dry eye syndrome is anticipated to drive the expansion of the dry eye syndrome market. When the eyes fail to generate sufficient tears, it leads to dry eye syndrome. This condition can be mitigated through the use of dry eye syndrome products and medications, which work by supplying lubrication and moisture to the eyes, promoting the production of tears, enhancing the quality of tears, decreasing inflammation, and safeguarding the ocular surface. For example, as per a survey executed by Eyes On Eyecare involving 540 eyecare professionals in March 2022, it was estimated that about 35 million Americans will face dry eye disease (DED) in 2022, a count that’s expected to augment with each passing year. Additionally, UpToDate Inc., a provider of health information based in the US, stated in its 2022 meta-analysis of three US investigations that there was an observed 8.1% combined frequency of dry eye occurrence. Consequently, the escalating occurrence of dry eye syndrome is acting as a catalyst for the advancement of the dry eye syndrome market.

What key areas define the segmentation of the global dry eye syndrome market?

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

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Who are the dominant players expanding their reach in the dry eye syndrome market?

Major companies operating in the dry eye syndrome market include Allergan plc, Novartis AG, Otsuka Pharmaceutical Co. Ltd., Santendo Pharmaceutical Co. Ltd., Sentiss Pharma Pvt. Ltd., Johnson & Johnson, Alcon Vision LLC, Akorn Operating Company LLC, Sun Pharmaceutical Industries Ltd., Bausch Health Companies Inc., AbbVie Inc., I-MED Pharma Inc., AFT Pharmaceuticals, Horus Pharma, Mitotech, Novaliq GmbH, OASIS Medical, Prestige Consumer Healthcare, VISUfarma, Alimera Science, Kala Pharmaceuticals Inc., Nicox S.A., EyeGate Pharmaceuticals Inc., ReVision Therapeutics Inc., Itear Medical

How are evolving market trends shaping dry eye syndrome Strategies?

Product advancement is becoming an increasingly prevalent trend in the dry eye syndrome market. Top-notch companies functioning in the home-based dry eye syndrome sector are creating advanced products to maintain their standing. For example, Entod Pharmaceuticals Ltd., a firm based in India, introduced Cyclotears eye drops specifically designed to combat dry eye disease in May 2023. Using the self-emulsifying drug delivery system (SEDDS) technology, this revolutionary product was conceived to increase the delivery of drugs that dissolve poorly in water. The Cyclotears eye drops are made with cyclodextrin, which aims to enhance the stability and duration of the tear film on the eye’s surface. Cyclotears eye drops are said to have a unique active ingredient, increased retention time, provide lubrication, and are safe and without preservatives.

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Which regions are emerging as leaders in the dry eye syndrome market?

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

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