OTC Artificial Tears Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Allergan, Santen Pharmaceutical Co., Ltd., Bausch & Lomb, Alcon

The global OTC artificial tears market reached a value of US$ 4.75 Billion in 2021. Looking ahead, the market is expected to reach $6.90 billion by 2027, growing at a CAGR of 5.80% between 2022 and 2027.

OTC Artificial Tears Market Overview

Artificial tears are lubricant eye drops intended to relieve dryness and irritation caused by a lack of tear production. These artificial tears are created to mimic natural tears and are used to treat a variety of eye conditions such as allergies, infections, and UV and blue light protection. It was also used to keep the contact lenses wet.

Because of the increased prevalence of dry eye condition and eye surgeries, the development of effective over-the-counter artificial tears has become critical. Depending on the indication, OTC artificial tears are available in a variety of dosage forms, including solution, ointment, emulsion, gel, spray solution, and suspension. Over the years, market participants have focused on developing unique methodologies for the creation of OTC artificial tears, such as small molecule, biologic, and recombinant technologies. The OTC artificial tears market is expected to grow due to increased investment in R&D for the creation of new artificial tears for the treatment of dry eye syndrome, allergies, and UV and blue light protection, as well as an increase in the geriatric population. Furthermore, there has been a rise in public awareness of dry eye condition.

The report aspects discussed the profile of the top manufacturers of the global OTC Artificial Tears market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined OTC Artificial Tears Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Industry News and Updates:

02.23.2021: Allergan Launches Refresh Digital Lubricant Eye Drops--

Allergan announced the over-the-counter (OTC) launch of Refresh Digital, a new lubricant eye drop formulated to specifically relieve dryness and irritation that may occur from prolonged screen time. Refresh Digital features proprietary HydroCell technology that supports all three layers of the tear film to keep eyes hydrated.

17 November 2020: Santen launches long-lasting ‘artificial tear’ treatment and online educational resource to support sufferers in the UK--

Dry eye – a common eye condition which affects 1 in 4 people in the UK1 – is a particularly sore point for women of menopausal or post-menopausal age, regular screen users and contact lens wearers, according to results of a new 2,000+ person survey commissioned by leading eye care specialist, Santen. Despite these groups being among the most likely to have dry eye, more than half (53%) of those surveyed didn’t realise they were at risk.2* Nearly a third of those with dry eye disease (32%) agreed that they didn’t know where to find information on the condition, and almost half (42%) of respondents who were using treatment for their dry eye disease said it took between one and three years to find an effective treatment.

What are the major Applications, Types and Regions for OTC Artificial Tears Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Preservative Based


• Non-preservative Based

By Application, it is segmented into

• Hospital Pharmacies


• Drug Stores


• Online

OTC Artificial Tears Market Regional Analysis

North America contributed more than one-third of the total market share in 2019 and is predicted to continue its leading share in terms of revenue by 2028, owing to an increase in the prevalence of dry eye syndrome, growth in advanced healthcare infrastructure, increased awareness, and the presence of significant market competitors in the region. However, the Asia-Pacific market is expected to grow at the fastest rate of 6.0% during the forecast period, owing to a growth in the elderly population, an increase in the number of cataract and glaucoma surgeries, and an increase in environmental pollution.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The OTC Artificial Tears Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global OTC Artificial Tears Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our OTC Artificial Tears Market report scope?

Frequently Asked Questions

What is the growth rate of OTC Artificial Tears Market?

The OTC Artificial Tears Market is growing at a CAGR of 5.80% over the next 5 years.

Who are the key players in OTC Artificial Tears Market?

Allergan (AbbVie Inc.) (Dublin, Ireland), Santen Pharmaceutical Co., Ltd. (Osaka, Japan), Bausch & Lomb (Laval, Canada), Alcon (Geneva, Switzerland), Novartis AG (Basel, Switzerland), Akorn Inc. (Lake Forest, U.S.), Eyevance Pharmaceuticals LLC (Forth Worth, U.S.), Sun Pharmaceutical Industries Ltd. (Mumbai, India), Johnson & Johnson (New Brunswick, U.S.), Bayer AG (Leverkusen, Germany), Otsuka Pharmaceutical Co., Ltd. (Tokyo, Japan)

What are the significant types of OTC Artificial Tears Market?

Preservative Based, Non-preservative Based

What are the major end-use applications of OTC Artificial Tears Market?

Hospital Pharmacies, Drug Stores, Online

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