Product Code: GVR-4-68039-974-4
Dry Eye Syndrome Treatment Market Growth & Trends:
The global dry eye syndrome treatment market size is expected to reach USD 7.43 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.31% from 2022 to 2030. The growth of the market is attributed to factors such as the increasing use of screens, the rising geriatric population, and a heightened prevalence of eye diseases.
The heightened use of devices with a screen, surging use of computers, and a decreased number of blinks are subsequently leading to the growth of evaporative dry eye syndrome globally. For instance, as per Frontiers Journal in 2021, when compared to pre-pandemic years, the use of screens has increased by 60-80% in adults during the COVID-19 pandemic. The exposure to the screen leads to a 66% decreased blinking rate, thus escalating the evaporation of tears and leading to dry eye disease.
Over-the-counter (OTC) products predominate the marketplace due to the extremely low acceptance of prescription products. For instance, only 10% of the diagnosed population is on prescription therapies, while 75% of the population has never tried prescription therapy. However, the number of patients diagnosed with dry eye syndrome accounts for 5-35% of overall ophthalmologist visits.
Moreover, existing products such as Xiidra and Restasis take months or weeks to demonstrate effects. In addition, as per eye consultants, these products have tolerability issues and a failure rate of as high as 50%. This depicts an unmet need in the market and is anticipated to create a lucrative opportunity for pipeline products expected to launch in the upcoming years. Moreover, regulations associated with the drugs further hamper the growth of the overall market. For instance, in 2020, Novartis had to voluntarily withdraw the use of Xiidra in Europe after regulators raised major objections to its use of xiidra.
Innovations and strategic initiatives by key players are driving the market. New product launch is a common strategy being used by the players. For instance, in October 2021, Tyrvaya (varenicline solution) nasal spray by Oyster Point Pharma was approved by the FDA as an alternative treatment approach.
Dry Eye Syndrome Treatment Market Report Highlights:
- By type, evaporative dry eye syndrome held the largest share in 2021 owing to the increasing prevalence of the condition and heightened screen time
- Based on dosage form, eye drops held the largest revenue share in 2021 owing to easy availability as well as increased preference for eye drop administration of the product
- By drug, Restasis held the largest market share in 2021 owing to its high adoption as a prescription drug for dry eye treatment
- Based on distribution channel, online pharmacies are expected to grow at the fastest rate over the forecast period due to the increased consumer preference for online pharmacies owing to the convenience
- North America dominated the market in 2021 due to the high prevalence of the disease, surging awareness, and enhanced treatment rate
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation
- 1.1.1 Segment scope
- 1.1.2 Regional scope
- 1.1.3 Estimates and Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details of Primary Research
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis
- 1.6.1.1 Approach 1: Commodity flow approach
- 1.6.1.2 Approach 2: Country-wise market estimation using bottom-up approach
- 1.6.1.3 Approach 3: Country-wise market estimation using top-down approach
- 1.7 Global Market: CAGR Calculation
- 1.8 Research Assumptions
- 1.9 Market Share Calculations
- 1.10 List of Secondary Sources
- 1.11 Objectives
- 1.11.1 Objective 1
- 1.11.2 Objective 2
- 1.12 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 Dry Eye Syndrome Treatment Market - Industry Outlook
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Lineage Outlook
- 3.1.2 Related/Ancillary Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Market Dynamics
- 3.3.1 Market Drivers
- 3.3.1.1 Growing geriatric population
- 3.3.1.2 Increasing prevalence of eye-related diseases
- 3.3.1.3 Growth in awareness of dry eye syndrome
- 3.3.1.4 Increasing use of contact lenses
- 3.3.2 Market restraint Analysis
- 3.3.2.1 Lack of skilled ophthalmologists
- 3.4 SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
- 3.5 Industry Analysis - Porter's Five Forces
- 3.6 Regulatory Scenario
- 3.7 Major Deals & Strategic Alliances
- 3.7.1 New Product Launch
- 3.7.2 Acquisition
- 3.7.3 Expansion
- 3.7.4 Partnerships
Chapter 4 Dry Eye Syndrome Treatment Market: Competitive Analysis
- 4.1 Recent Developments and Impact Analysis, by Key Market Participants
- 4.2 Company Categorization
- 4.2.1 Innovators
- 4.2.1.1 Market Differentiators
- 4.3 Vendor Landscape
- 4.3.1 List of key distributors and channel partners
- 4.3.2 Key customers
- 4.3.3 Key company market share analysis, 2021
- 4.4 Public Companies
- 4.4.1 Competitive dashboard analysis
- 4.5 Private Companies
- 4.5.1 List of key emerging companies
- 4.6 Regional Network Map
- 4.7 Key Regional/Local Competitors
Chapter 5 Dry Eye Syndrome Treatment Market Analysis: Type Scope, 2018 - 2030 (Revenue, USD Million)
- 5.1 Dry Eye Syndrome Treatment Market: Type Movement Analysis
- 5.2 Evaporative Dry Eye Syndrome
- 5.2.1 Evaporative dry eye syndrome market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3 Aqueous Deficient Dry Eye Syndrome
- 5.3.1 Aqueous deficient dry eye syndrome market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6 Dry Eye Syndrome Treatment Market Analysis: Drug Scope, 2018 - 2030 (Revenue, USD Million)
- 6.1 Dry Eye Syndrome Treatment Market: Drug Movement Analysis
- 6.2 Restasis
- 6.2.1 Restasis market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3 Xiidra
- 6.3.1 Xiidra market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4 Cequa
- 6.4.1 Cequa market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5 Eysuvis
- 6.5.1 Eysuvis market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6 Tyrvaya
- 6.6.1 Tyrvaya market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7 Others
- 6.7.1 Others market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7 Dry Eye Syndrome Treatment Market Analysis: Product Scope, 2018 - 2030 (Revenue, USD Million)
- 7.1 Dry Eye Syndrome Treatment Market: Product Movement Analysis
- 7.2 Cyclosporine
- 7.2.1 Cyclosporine market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3 Topical Corticosteroids
- 7.3.1 Topical Corticosteroids market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4 Artificial Tears
- 7.4.1 Artificial Tears market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5 Punctal Plugs
- 7.5.1 Punctal Plugs market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.2 Removable
- 7.5.2.1 Removable market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.3 Dissolvable
- 7.5.3.1 Dissolvable market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6 Oral Omega Supplements
- 7.6.1 Oral Omega Supplements market estimates and forecast, 2018 - 2030 (USD Million)
- 7.7 Others
- 7.7.1 Others market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8 Dry Eye Syndrome Treatment Market Analysis: Dosage Form Scope, 2018 - 2030 (Revenue, USD Million)
- 8.1 Dry Eye Syndrome Treatment Market: Dosage Form Movement Analysis
- 8.2 Gels
- 8.2.1 Gels market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3 Eye Solution
- 8.3.1 Eye solutions market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4 Capsules & Tablets
- 8.4.1 Capsules & tablets market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5 Eye Drops
- 8.5.1 Eye drops market estimates and forecast, 2018 - 2030 (USD Million)
- 8.6 Ointments
- 8.6.1 Ointments market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 9 Dry Eye Syndrome Treatment Market Analysis: Sales Channel Scope, 2018 - 2030 (Revenue, USD Million)
- 9.1 Dry Eye Syndrome Treatment Market: Sales Channel Movement Analysis
- 9.2 Prescription
- 9.2.1 Prescription market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3 OTC
- 9.3.1 OTC market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 10 Dry Eye Syndrome Treatment Market Analysis: Distribution Channel Scope, 2018 - 2030 (Revenue, USD Million)
- 10.1 Dry Eye Syndrome Treatment Market: Distribution Channel Movement Analysis
- 10.2 Hospital Pharmacies
- 10.2.1 Hospital pharmacies market estimates and forecast, 2018 - 2030 (USD Million)
- 10.3 Online Pharmacies
- 10.3.1 Online pharmacies market estimates and forecast, 2018 - 2030 (USD Million)
- 10.4 Retail Pharmacies
- 10.4.1 Retail pharmacies market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 11 Dry Eye Syndrome Treatment Market Analysis, Regional Scope, 2018 - 2030, (Revenue, USD Million)
- 11.1 Market Share Analysis by Country, 2021 & 2030
- 11.1.1 North America
- 11.1.1.1 North America market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.1.2 U.S.
- 11.1.1.2.1 U.S. market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.1.3 Canada
- 11.1.1.3.1 Canada market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.2 Europe
- 11.1.2.1 Europe market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.2.2 U.K.
- 11.1.2.2.1 U.K. market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.2.3 Germany
- 11.1.2.3.1 Germany market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.2.4 France
- 11.1.2.4.1 France market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.2.5 Italy
- 11.1.2.5.1 Italy market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.2.6 Spain
- 11.1.2.6.1 Spain market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.3 Asia Pacific
- 11.1.3.1 Asia Pacific market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.3.2 Japan
- 11.1.3.2.1 Japan market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.3.3 China
- 11.1.3.3.1 China market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.3.4 India
- 11.1.3.4.1 India market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.3.5 South Korea
- 11.1.3.5.1 South Korea market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.3.6 Australia
- 11.1.3.6.1 Australia market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.4 Latin America
- 11.1.4.1 Latin America market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.4.2 Brazil
- 11.1.4.2.1 Brazil market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.4.3 Mexico
- 11.1.4.3.1 Mexico market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.4.4 Argentina
- 11.1.4.4.1 Argentina market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.5 Middle East and Africa
- 11.1.5.1 Middle East & Africa market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.5.2 South Africa
- 11.1.5.2.1 South Africa market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.5.3 Saudi Arabia
- 11.1.5.3.1 Saudi Arabia market estimates and forecast, 2018 - 2030 (USD Million)
- 11.1.5.4 UAE
- 11.1.5.4.1 UAE market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 12 Dry Eye Syndrome Treatment Market: Company Profiling
- 12.1 Company Profiles
- 12.1.1 Novartis AG
- 12.1.1.1 Company overview
- 12.1.1.2 Financial performance
- 12.1.1.3 Product benchmarking
- 12.1.1.4 Strategic initiatives
- 12.1.2 AbbVie, Inc.
- 12.1.2.1 Company overview
- 12.1.2.2 Financial performance
- 12.1.2.3 Product benchmarking
- 12.1.2.4 Strategic initiatives
- 12.1.3 Sun Pharmaceutical Industries Ltd.
- 12.1.3.1 Company overview
- 12.1.3.2 Financial performance
- 12.1.3.3 Product benchmarking
- 12.1.3.4 Strategic initiatives
- 12.1.4 Santen Pharmaceutical Co., Ltd.
- 12.1.4.1 Company overview
- 12.1.4.2 Financial performance
- 12.1.4.3 Product benchmarking
- 12.1.4.4 Strategic initiatives
- 12.1.5 AFT Pharmaceuticals
- 12.1.5.1 Company overview
- 12.1.5.2 Financial performance
- 12.1.5.3 Product benchmarking
- 12.1.5.4 Strategic initiatives
- 12.1.6 Johnson & Johnson Services, Inc.
- 12.1.6.1 Company overview
- 12.1.6.2 Financial performance
- 12.1.6.3 Product benchmarking
- 12.1.6.4 Strategic initiatives
- 12.1.7 Otsuka Pharmaceutical Co., Ltd.
- 12.1.7.1 Company overview
- 12.1.7.2 Financial performance
- 12.1.7.3 Product benchmarking
- 12.1.7.4 Strategic initiatives
- 12.1.8 OASIS Medical.
- 12.1.8.1 Company overview
- 12.1.8.2 Financial performance
- 12.1.8.3 Product benchmarking
- 12.1.8.4 Strategic initiatives
- 12.1.9 Oyster Point Pharma, Inc.
- 12.1.9.1 Company overview
- 12.1.9.2 Financial performance
- 12.1.9.3 Product benchmarking
- 12.1.9.4 Strategic initiatives
- 12.1.10 Bausch & Lomb
- 12.1.10.1 Company overview
- 12.1.10.2 Financial performance
- 12.1.10.3 Product benchmarking
- 12.1.10.4 Strategic initiatives