Eye Drop Market to Grow at Brisk a Rate During Forecast Period
Rising prevalence of
ophthalmic disorders to drive the demand for global eye drop market
According
to TechSci Research report, “Global Eye
Drop Market By Type (Antibiotics, Hormones, Artificial Tears, Others), By Application
(Eye Diseases, Eye Care, Others), By Purchase Mode (Prescription, OTC), By Eye
Diseases (Dry Eye, Glaucoma, Conjunctivitis, Refractive Errors, Others), By Region,
Forecast & Opportunities, 2025”, the global eye drop market is expected to grow at a significant rate during the
forecast period. Increasing cases of eye-related diseases across the globe,
rise in geriatric population and new drug discoveries and developments are some
of the key factors behind the growth of global eye drops market. Apart from
these, surge in awareness about eye-drops & lubricants and people being
conscious about their eye health has also created multiple opportunities for
eye drop manufacturing companies, thereby driving the market growth across the
globe.
Inclusion of high-end technological advancements has
provided a wider range of eye care products in the market. Doctors and patients
majorly prefer eye drops to cure the diseases as it is less painful and is easy
to use. The market trend shows growing acceptance of therapeutics as the first
line of treatment for eye disorder. Being handy is another reason for the
growing popularity of eye drops among patients suffering from eye disease over
other options. Additionally, developing countries like India and China are
serving as a bigger market for eye drops owing to the large population base and
high economic growth rate. In addition, several government initiatives are
increasing the awareness of the need for eye care.
However, the global eye drop market has some restraints
as well. Eye irritation & pupil widening with its repeated use, stringent
regulation associated with drug manufacturing are some of the challenges the
market is facing. Also, ingredients present in the eye drops can cause
allergies which limits its use.
Browse
XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on"Global Eye Drop Market"
https://www.techsciresearch.com/report/eye-drop-market/4539.html
The global
eye drop market is segmented based on type, application, purchase mode, eye diseases
and region. Based on type, the market is segmented into antibiotics, hormones, artificial
tears and others. There is a rise in the demand for artificial tear product due
to surge in number of dry eye syndrome across the globe. This segment is expected
to witness highest growth in the forecast period. Owing to the high incidences
of eye dryness in postmenopausal women and Sjogren’s patients, share of another
segment i.e. hormones is also expected to witness growth in the upcoming years.
Based
on application, the eye diseases segment is expected to witness high rate of
growth during the forecast period due to the increasing cases of eye diseases
globally. Increasing geriatric population is also one of the most driving
factors behind the growing demand of eye care products.
Based
on purchase mode, the market is segmented into OTC and prescription drugs.
Prescription drugs are more effective than OTC and are used in medical treatments,
such as cataract and post-surgery inflammations, contributing to the increased
share of the segment until 2025.
Major players operating in the global
eye drop market include Johnson & Johnson Consumer
Inc., Bausch & Lomb Incorporated, Abbott Laboratories, Prestige Consumer
Healthcare Inc., Sager Pharma SzolgáltatóKft., Alcon Inc., Allergan plc, Rohto
Pharmaceutical Co. Ltd., Similasan Corporation and Akorn Consumer Health. These
market players are focusing more on mergers & acquisitions, regional
expansion, and new product development to increase their market share.
Download Sample Report @
https://www.techsciresearch.com/sample-report.aspx?cid=4539
Customers can also request for 10% free customization on
this report.
“Based on regional analysis, North America dominated
the global eye drop market in 2019. However, Asia-Pacific is expected to
witness maximum growth during the forecast period owing to increased disposable
income levels and growing awareness about eye health. High adoption of digital
devices has further increased the cases of eye diseases, leading to huge growth
potential for eye drop manufacturers to market their products on account of
increasing anomalies in eyes and vision of the population.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Eye Drop Market By Type (Antibiotics,
Hormones, Artificial Tears, Others), By Application (Eye Diseases, Eye Care,
Others), By Purchase Mode (Prescription, OTC), By Eye Diseases (Dry Eye,
Glaucoma, Conjunctivitis, Refractive Errors, Others), By Region, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of eye drop market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global eye drop market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]