Eye Drops and Lubricants Market- Global Industry Analysis and Forecast (2023-2029)

Eye Drops and Lubricants Market size is expected to grow at a CAGR of 5.1% during the forecast period and the market size is expected to reach nearly US$ 27.33 Bn. by 2029.

Eye Drops and Lubricants Market Dynamics

The Research Report gives a comprehensive account of the drivers and restraints in the eye drops and lubricants market. Most human beings have eye issues. These eye problems may be handled with the aid of using eye drops and lubricants which are powerful and much less painful. These are used for the treatment of eye sicknesses and issues including dry eye, redness, itching, discomfort, glaucoma, conjunctivitis, refractive mistakes, diabetic macular edema, CMV retinitis, and age-related macular degeneration.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Eye Drops and Lubricants MarketTo know about the Research Methodology :- Request Free Sample Report According to World Health Organization globally, it is estimated that approximately 1.3 Bn people live with some form of distance or near vision impairment. The number of people at risk of trachoma – the world’s leading infectious cause of blindness has fallen from 1.5 billion in 2002 to just over 142 million in 2022. The upward push in the number of cataracts and other eye-associated surgical procedures, that require the use of eye drops after the manner, is a prime increase motive force for the eye-drop and lubricant market. Additionally, government initiatives such as the National Programme for Control of Blindness (NPCB) are growing recognition of the want for eye care amongst people; whilst clean availability of eye drops through organized pharmaceuticals’ distribution networks is adding to the voluminous trade and sales. Besides, growing prevalence of trachoma in developing and below- countries, coupled with authorities’ tasks with the help of NGOs in order to eliminate trachoma is resulting in excessive demand for eye drops and lubrications. This is another factor anticipated to further support growth of the target market. In 2022 alone, 146112 cases of trichiasis were managed and almost 90 million people were treated with antibiotics for trachoma in 782 districts worldwide. On the opposite, the upsurge in investment via producers within the emerging economies and increase in initiatives to reduce the burden of glaucoma globally are anticipated to offer lucrative opportunities for market expansion. However, extended timelines required for the approval of eye drops and lubricants and risk of related side effects impede the market growth.

Segment analysis

Based on the application, the eye disease segment is expected to grow at a CAGR of 5.1% during the forecast period. The eye disease segment is the fastest growing segment owing to universal growth in the frequency of eye diseases and upsurge in the aged populace. The eye diseases segment, comprising of conjunctivitis, glaucoma and refractive error, is projected to be rising at a CAGR of 4.34% going through 2029.

Eye Drops and Lubricants Market Regional analysis

The North America is projected to dominate the global eye drops and lubricants market throughout the forecast period. North America is anticipated to seize foremost market share due to an increase in fitness care investments with the aid of manufacturers and excessive R&D expenditure with the by companies for the improvement of these medicinal drugs. Besides, the upsurge in occurrence of ophthalmic disorders fuels the increase of the market inside the region. The primary causes of blindness and low vision in the United States are mainly age-related eye diseases like age-related macular degeneration, cataract, diabetic retinopathy, and glaucoma. Other common eye disorders include amblyopia and strabismus. Though, the marketplace in the Asia Pacific is predicted to enlarge at a high CAGR from 2022 to 2029 owing to the fast expansion of health care infrastructure, excessive prevalence of ophthalmic sicknesses, and upward push in health care initiatives via governments.

Eye Drops and Lubricants Market  Key Development

In Oct. 7, 2021 - Allergan plc a leading global pharmaceutical company with a more than 70-year heritage in eye care, announced the launch of three new over-the-counter (OTC) REFRESH® RELIEVA™ products: such as REFRESH® RELIEVA™, REFRESH® RELIEVA™ PF (preservative-free) multidose, and REFRESH® RELIEVA™ FOR CONTACTS. This new line of artificial tear formulations available in preserved, preservative-free multidose, and a formula designed for contact lens wearers, are specially formulated to relieve discomfort due to eye dryness and to prevent further irritation. In August 6, 2021 –According to research the hyaluronic acid can be used as an alternative to autologous human serum eye drops. High-molecular-weight hyaluronic acid eye drops have unique features that resemble the natural hyaluronic acid at the ocular surface so much that apparently in some patients, these drops are perceived to be even better than the patient’s own serum. In 2021, Bausch + Lomb acquired the U.S. Food and Drug Administration (FDA) approval for its Lotemax SM ophthalmic gel 0.38%, for use for the remedy of postoperative inflammation and ache after eye surgical operation, which include for cataract surgical operation. Approvals by way of elite and trusted agencies like FDA aids in including a layer of authenticity to market products, The objective of the report is to present a comprehensive analysis of the Global Eye Drops and Lubricants Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Eye Drops and Lubricants Market dynamics, structure by analysing the market segments and projects the Global Eye Drops and Lubricants Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Eye Drops and Lubricants Market make the report investor’s guide.

 Eye Drops and Lubricants Market Scope: Inquire before buying

Eye Drops and Lubricants Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 19.29 Bn.
Forecast Period 2023 to 2029 CAGR: 5.1% Market Size in 2029: US $ 27.33 Bn.
Segments Covered: by Type Antibiotics Hormone Artificial tears Others
by Application Eye Disease Eye Care Others

By Regions

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

 Eye Drops and Lubricants Market Key Players

1. Johnson and Johnson Services 2. Clear Eyes 3. Sager Pharma 4. Rohto Pharmaceutical Co, Ltd 5. Bausch and Lomb 6. Similasan 7. Bayer 8. Bausch Lomb 9. Allergan, Inc. 10.Valeant 11.Abbott Laboratories 12.Thera Tears 13.Blink 14.Refresh 15.Pfizer 16.Alcon, Inc. 17.Aerie Pharmaceuticals 18.Clear Eyes 19.Novartis AG 20.Akorn Incorporated 21.Prestige Consumer Healthcare, Inc 22.Maya Biotech Private Limited Frequently Asked Questions: 1. Which region has the largest share in Global Eye Drops and Lubricants Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Eye Drops and Lubricants Market? Ans: The Global Eye Drops and Lubricants Market is growing at a CAGR of 5.1% during forecasting period 2023-2029. 3. What is scope of the Global Eye Drops and Lubricants market report? Ans: Global Eye Drops and Lubricants Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Eye Drops and Lubricants market? Ans: The important key players in the Global Eye Drops and Lubricants Market are – Johnson and Johnson Services, Clear Eyes, Sager Pharma, Rohto Pharmaceutical Co, Ltd, Bausch and Lomb, Similasan, Bayer, Bausch Lomb, Allergan, Inc., Valeant, Abbott Laboratories, Thera Tears, Blink, Refresh, Pfizer, Alcon, Inc., Aerie Pharmaceuticals, Clear Eyes, Novartis AG, Akorn Incorporated, Prestige Consumer Healthcare, Inc, and Maya Biotech Private Limited 5. What is the study period of this market? Ans: The Global Eye Drops and Lubricants Market is studied from 2022 to 2029.
1. Eye Drops and Lubricants Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Eye Drops and Lubricants Market: Dynamics 2.1. Eye Drops and Lubricants Market Trends by Region 2.1.1. North America Eye Drops and Lubricants Market Trends 2.1.2. Europe Eye Drops and Lubricants Market Trends 2.1.3. Asia Pacific Eye Drops and Lubricants Market Trends 2.1.4. Middle East and Africa Eye Drops and Lubricants Market Trends 2.1.5. South America Eye Drops and Lubricants Market Trends 2.2. Eye Drops and Lubricants Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Eye Drops and Lubricants Market Drivers 2.2.1.2. North America Eye Drops and Lubricants Market Restraints 2.2.1.3. North America Eye Drops and Lubricants Market Opportunities 2.2.1.4. North America Eye Drops and Lubricants Market Challenges 2.2.2. Europe 2.2.2.1. Europe Eye Drops and Lubricants Market Drivers 2.2.2.2. Europe Eye Drops and Lubricants Market Restraints 2.2.2.3. Europe Eye Drops and Lubricants Market Opportunities 2.2.2.4. Europe Eye Drops and Lubricants Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Eye Drops and Lubricants Market Drivers 2.2.3.2. Asia Pacific Eye Drops and Lubricants Market Restraints 2.2.3.3. Asia Pacific Eye Drops and Lubricants Market Opportunities 2.2.3.4. Asia Pacific Eye Drops and Lubricants Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Eye Drops and Lubricants Market Drivers 2.2.4.2. Middle East and Africa Eye Drops and Lubricants Market Restraints 2.2.4.3. Middle East and Africa Eye Drops and Lubricants Market Opportunities 2.2.4.4. Middle East and Africa Eye Drops and Lubricants Market Challenges 2.2.5. South America 2.2.5.1. South America Eye Drops and Lubricants Market Drivers 2.2.5.2. South America Eye Drops and Lubricants Market Restraints 2.2.5.3. South America Eye Drops and Lubricants Market Opportunities 2.2.5.4. South America Eye Drops and Lubricants Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Eye Drops and Lubricants Industry 2.8. Analysis of Government Schemes and Initiatives For Eye Drops and Lubricants Industry 2.9. Eye Drops and Lubricants Market Trade Analysis 2.10. The Global Pandemic Impact on Eye Drops and Lubricants Market 3. Eye Drops and Lubricants Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 3.1.1. Antibiotics 3.1.2. Hormone 3.1.3. Artificial tears 3.1.4. Others 3.2. Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 3.2.1. Eye Disease 3.2.2. Eye Care 3.2.3. Others 3.3. Eye Drops and Lubricants Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Eye Drops and Lubricants Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 4.1.1. Antibiotics 4.1.2. Hormone 4.1.3. Artificial tears 4.1.4. Others 4.2. North America Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 4.2.1. Eye Disease 4.2.2. Eye Care 4.2.3. Others 4.3. North America Eye Drops and Lubricants Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Antibiotics 4.3.1.1.2. Hormone 4.3.1.1.3. Artificial tears 4.3.1.1.4. Others 4.3.1.2. United States Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Eye Disease 4.3.1.2.2. Eye Care 4.3.1.2.3. Others 4.3.2. Canada 4.3.2.1. Canada Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Antibiotics 4.3.2.1.2. Hormone 4.3.2.1.3. Artificial tears 4.3.2.1.4. Others 4.3.2.2. Canada Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Eye Disease 4.3.2.2.2. Eye Care 4.3.2.2.3. Others 4.3.3. Mexico 4.3.3.1. Mexico Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Antibiotics 4.3.3.1.2. Hormone 4.3.3.1.3. Artificial tears 4.3.3.1.4. Others 4.3.3.2. Mexico Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Eye Disease 4.3.3.2.2. Eye Care 4.3.3.2.3. Others 5. Europe Eye Drops and Lubricants Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 5.2. Europe Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 5.3. Europe Eye Drops and Lubricants Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Eye Drops and Lubricants Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Eye Drops and Lubricants Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Eye Drops and Lubricants Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Eye Drops and Lubricants Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 8. South America Eye Drops and Lubricants Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 8.2. South America Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 8.3. South America Eye Drops and Lubricants Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Eye Drops and Lubricants Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Eye Drops and Lubricants Market Size and Forecast, by Application (2022-2029) 9. Global Eye Drops and Lubricants Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Eye Drops and Lubricants Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Johnson and Johnson Services 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Clear Eyes 10.3. Sager Pharma 10.4. Rohto Pharmaceutical Co, Ltd 10.5. Bausch and Lomb 10.6. Similasan 10.7. Bayer 10.8. Bausch Lomb 10.9. Allergan, Inc. 10.10. Valeant 10.11. Abbott Laboratories 10.12. Thera Tears 10.13. Blink 10.14. Refresh 10.15. Pfizer 10.16. Alcon, Inc. 10.17. Aerie Pharmaceuticals 10.18. Clear Eyes 10.19. Novartis AG 10.20. Akorn Incorporated 10.21. Prestige Consumer Healthcare, Inc 10.22. Maya Biotech Private Limited 11. Key Findings 12. Industry Recommendations 13. Eye Drops and Lubricants Market: Research Methodology 14. Terms and Glossary
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