
Dry Eye Syndrome Treatment Market 2022
Dry Eye Syndrome Treatment Market is all set to witness a CAGR of 7% in the next decade by the year 2030. With digitized communication channels making a beeline to the healthcare vertical, the advanced clinics are into virtual consultation mode, and this scenario is expected to continue even going forward. Regulatory approvals for this type of communication are on the way. Close to 70% of the public hospitals worldwide are being asked to adopt digital means. This would be the scene with healthcare vertical in the subsequent period.
Dry eye syndrome results in irritated and burning eyes due to lack of tear production and moisturization. Meibomian Gland Dysfunction has more prevalence among the geriatric population. The market consists of several products used in therapeutics, such as cyclosporine, topical corticosteroids, punctal plugs, omega supplements, and the especially popular artificial tears. Fast approval and launch of products used for dry eye treatment is expected to drive market growth in future.
Several key market players are focused on collaborative product development, innovation, and expansion of product portfolio. For instance, in October 2020, Santen Pharmaceutical and Orbis International announced their long-term collaboration for ten years to contribute toward the increasing burden of eye diseases in low- and middle-income countries.
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Rapidly increasing number of eye care centers due to rising focus on primary eye care is expected to propel dry eye syndrome treatment market growth. Increasing number of LASIK surgeries, which is one of the major causes leading to dry eyes, is estimated to further drive market growth over the coming years.
The global dry eye syndrome treatment market is estimated to be valued at over US$ 4.2 Bn in 2020, and is expected to exhibit an impressive CAGR of 7% over the forecast period (2020-2030).
Companies covered in Dry Eye Syndrome Treatment Market Report
- Allergan Plc.
- Novartis AG
- Otsuka Pharmaceutical Co.,Ltd.
- Santen Pharmaceutical Co Ltd.
- Bausch Health Companies Inc.
- Akorn, Inc.
- Johnson & Johnson, Inc.
- Thea Pharmaceuticals Limited
- OASIS Medical
- Altaire Pharmaceuticals Inc.
- Boiron USA
- Similasan Corporation
- Scope Ophthalmics Ltd.
- Reckitt Benckiser Group PLC
- Medicom Healthcare Ltd
- FDC Limited.
- Lupin Limited
- Jamjoom Pharmaceuticals Co.
- Sentiss Pharma Private limited3
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