Eye Drops and Lubricants Market Size, Share | 2023-2028 | Analysis and Industry Trends
IMARC Group, a leading market research company, has recently releases report titled “Eye Drops and Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global eye drops and lubricants market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the eye drops and lubricants market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 19.48 Billion |
| Market Forecast in 2028 | US$ 25.96 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.81% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is eye drops and lubricants?
Eye drops and lubricants are used to provide relief from dry and irritated eyes by moistening and protecting them from infections. They are also utilized for treating redness, soreness, itching, glaucoma, refractive errors, conjunctivitis, diabetic macular edema, and age-related macular degeneration. Eye drops and lubricants aid in promoting surface healing, increasing comfort by reducing the feeling of a surface scratch and flushing out any residual contaminating or injurious particles. They comprise carboxymethylcellulose, dextran, glycerin, hypromellose, polyethylene glycol, polysorbate, polyvinyl alcohol, povidone, and propylene glycol. These products are packed in multidose bottles that contain chemicals to prevent the growth of bacteria after opening bottles.
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What are the growth prospects and trends in the eye drops and lubricants industry?
The growing prevalence of ophthalmic disorders, such as conjunctivitis and glaucoma, is among the key factors driving the eye drops and lubricants market. Moreover, the escalating demand for these products, on account of dry eye in Sjögren’s patients and postmenopausal women, is also stimulating the global market. Besides this, the increasing number of open-angle glaucoma therapeutics delivered through retail pharmacies is acting as another significant growth-inducing factor. Furthermore, the rising usage of hormone therapy to lower the risk of dry eye syndrome compared to other treatments across the globe is further propelling the market growth. Apart from this, the increasing utilization of smartphones, laptops, television, and electronics resulting in excessive screen time is positively influencing the global market. Additionally, governing agencies of numerous countries are undertaking initiatives to increase the production of pharmaceuticals and therapeutics products, which is also fueling the market growth. In addition to this, technological advancements in product manufacturing and the expanding logistics sector with easy distribution of the items are anticipated to fuel the eye drops and lubricants market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- Akorn Operating Company LLC
- Alcon
- Allergan Plc (AbbVie Inc.)
- Bausch & Lomb Incorporated
- Bayer AG
- Johnson & Johnson
- Maya Biotech Private Limited
- Prestige Consumer Healthcare Inc.
- Rohto Pharmaceutical Co. Ltd.
- Sager Pharma Kft
- Similasan Corporation
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Antibiotics
- Hormones
- Artificial Tears
- Others
Application Insights:
- Eye Diseases
- Dry Eye
- Glaucoma
- Conjunctivitis
- Refractive Errors
- Others
- Eye Care
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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