Artificial Tears Market is expected to reach US$ 3,961.63 million by 2028

by Sameer Joshi or 29-Jun-2021
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Report : Artificial Tears Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Cellulose Derived Tears, Glycerin Derived Tears, Oil-Based Emulsion Tears, Polythylene Glycol Based Tears, Propylene Glycol Based Tears, and Sodium Hyaluronate Based Artificial Tears), Delivery Mode (Eye Drops and Ointments), and Application (Dry Eyes Treatment and Contact Lenses Moisture)

Dry Eyes Treatment Segment tLead Artificial Tears Market During 2021–2028
 
According tour latest study on “Artificial Tears Market Forecast t2028 – COVID-19 Impact and Global Analysis – by Type, Delivery Mode, and Application,” the market was valued at US$ 2,612.91 million in 2020 and is projected treach US$ 3,961.63 million by 2028; it is expected tgrow at a CAGR of 5.5% from 2021 t2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
 
North America has been witnessing an exponentially growing number of COVID-19 confirmed cases since its outbreak. The increasing use of electronic devices is driving the growth of the artificial tears market. For instance, according ta survey, nearly 80% of Americans reported that their screen time is increased during the COVID-19 pandemic. Three out of five (60%) people whhave increased their screen time are concerned about the impact on their eyes. Nearly half (45%) of individuals whspend more time in front of the screen said that it makes their eyes dry. Thus, the artificial tears market is experiencing a positive impact amid pandemic.
 
Based on application, the artificial tears market is bifurcated intdry eyes treatment and contact lenses moisture. The dry eyes treatment segment held a larger share of the market in 2020 and is estimated tregister a higher CAGR in the market during the forecast period. The market growth for this segment can be attributed tthe increasing incidence of dry eye disease and rising launches of products by market players.
 
Johnson and Johnson Services, Inc., Alcon Inc., OASIS Medical, AbbVie Inc., Bayer AG, Prestige Consumer Healthcare Inc., Santen Pharmaceutical Co., Ltd., Bausch Health Companies Inc., Akorn, Incorporated, and Aurolab are among the leading companies operating in the global artificial tears market.
 
The report segments global artificial tears market as follows:
 
By Type
  • Glycerin Derived Tears
  • Cellulose Derived Tears
  • Oil-based Emulsion Tears
  • Polythylene Glycol Based Tears
  • Sodium Hyaluronate Based Artificial Tears
  • Propylene Glycol Based Tears
By Delivery Mode
  • Eye Drops
  • Ointments
By Application
  • Dry Eyes Treatment
  • Contact Lenses Moisture
By Geography
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South and Central America (SCAM)
    • Brazil
    • Argentina
    • Rest of SCAM
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