PUBLISHER: Inkwood Research | PRODUCT CODE: 1568925
PUBLISHER: Inkwood Research | PRODUCT CODE: 1568925
As per Inkwood Research, the global dry eye disease market is expected to grow at a CAGR of 5.02% during the period from 2024 to 2032. The market was valued at $5673.53 million in 2023, reaching a revenue of $8884.34 million by 2032.
Dry eye disease is a chronic, progressive syndrome affecting millions globally, with the incidence rising significantly with age. As the global population ages, and with longer life spans, the demand for effective dry eye disease treatment devices and products is escalating. In rapidly emerging economies, the expansion of wealthier, professional, and urban populations is further fueling this demand, as these groups have better access to healthcare and are more likely to seek treatment.
Technological advancements are playing a crucial role in the dry eye disease industry. For instance, Johnson & Johnson's subsidiary, TearScience, has introduced the LipiView II Ocular Surface Interferometer and the LipiScan Dynamic Meibomian Imager, which have revolutionized dry eye disease diagnosis by providing sophisticated assessments and aiding in accurate identification of the disease. Additionally, in April 2022, Alcon launched the Systane(R) iLux2(R) Meibomian Gland Dysfunction Thermal Pulsation System, which features cutting-edge imaging technology. This all-in-one handheld device not only improves treatment outcomes but also allows patients to visualize the need for treatment, leading to noticeable results within a week. Such advancements have increased the demand for dry eye disease treatment drugs and products.
Despite these advancements, the dry eye disease market faces several challenges. The risk of side effects from eye drops for dry eye disease, including blurred vision, redness, and eyelid swelling, remains a concern. Additionally, the high costs of specialized products and the complexity of reimbursement scenarios pose significant barriers to market growth.
The recent cases of infections and vision loss linked to contaminated eye drops, including three fatalities confirmed by the CDC in 2023, further highlight the need for safer and more effective treatment options. However, the increasing prevalence of dry eye disease combined with continuous innovation in diagnostic and therapeutic products positions the market for sustained growth.
Key growth enablers of the global dry eye disease market:
The National Institute of Health has identified dry eye disease (DED) as one of the most common ocular conditions globally. In populous countries like China, the prevalence of this disease is particularly high. Factors such as changes in lifestyle and an aging population have contributed to DED becoming a significant public health concern. A 2017 report from the Tear Film and Ocular Surface Society (TFOS) Dry Eye Workshop (DEWS) Epidemiology subcommittee indicated that individuals of Asian descent are more susceptible to dry eye disease, with an estimated prevalence of around 17.0% in the region.
The TFOS Dry Eye Workshop II, also conducted in 2017, found that the prevalence of DED was increasing among individuals aged 40-49. Among women, the prevalence ranged from 14% in those aged 50 to 22% in those aged 80 and older. In men, the disease tends to manifest later and less frequently, with a prevalence of approximately 7% in men aged 60-69 and 13% in those aged 80 and above.
Dry eye disease is also common in developed countries like the United States, where healthcare systems are well established. According to a 2019 study by Reza Dana et al., published in the American Journal of Ophthalmology, the overall prevalence of DED was 5.28%, with a higher prevalence among female beneficiaries (7.78%) compared to male beneficiaries (2.96%).
The study also observed that the prevalence of DED increases with age, from 0.20% in individuals aged 2-17 years to 11.66% in those aged 50 and above. However, various regions around the world are taking steps to address the rising prevalence of DED. For example, the European Society of Cataract and Refractive Surgeons is focusing on mitigating the impact of DED to ensure that the quality of life in Europe is not adversely affected.
Key restraining factors of the global dry eye disease market:
Dry eye disease has garnered increased attention from ophthalmologists due to its rising prevalence. In the therapeutic market, the availability of medications for dry eye disease (DED) has expanded, making it easier for individuals to access appropriate treatments. These factors are contributing to the growth of the DED market. However, some individuals prefer alternative treatment methods driven by concerns over health and potential side effects associated with certain medications.
Natural treatment options have gained traction as potential remedies for DED. For example, research conducted on Korean adults has suggested that vitamin D deficiency may contribute to DED, and supplementing with vitamin D has been shown to alleviate symptoms in some cases. Another natural remedy includes the use of Omega-3 fatty acids. According to a study published in Medical Science Monitor, supplementation with Omega-3 fatty acids has been linked to improvements in dry eye symptoms among affected individuals.
Additionally, various procedures are available to treat DED, depending on the severity of the condition. These include methods like closing the tear ducts to minimize tear loss, using specialized contact lenses, unblocking oil glands, and employing light therapy or eyelid massage. Other commonly used alternative treatments include acupuncture, castor oil eye drops, mild soap for cleaning the eyelids and applying a warm cloth to the eyelids. While these alternative treatments offer additional options, their availability may have a moderating effect on the overall growth of the DED market.
Global Dry Eye Disease Market | Top Trends
SEGMENTATION ANALYSIS
Market Segmentation - Type, Product, Dosage, and Distribution Channel -
Market by Type:
OTC is expected to be the dominating type during the forecast period, capturing the highest market share of 58.60% by 2032.
In the current context, prolonged exposure to computer screens is a significant contributor to eye strain and dryness, conditions often treated with eye drops. Non-prescription eye drops are available over the counter and commonly contain ingredients such as humectants, which help retain moisture, lubricants, and electrolytes like potassium. These drops can be used as directed to provide temporary relief from dry eye symptoms.
Compared to prescription medications, over-the-counter (OTC) eye drops are generally more affordable. However, they typically offer only short-term relief and primarily target the tear film's aqueous layer, providing limited effectiveness in addressing dry eye disease.
Many OTC eye drops include non-blurring lubricants designed to offer longer-lasting relief from symptoms such as burning and stinging, which may be caused by factors like excessive digital media use, extended contact lens wear, laser eye surgery, hormonal changes, or dry environments.
Popular OTC eye drops include VISINE eye drops, Refresh Tears lubricant eye drops, and Systane ultra-lubricant eye drops. The demand for OTC medications is expected to grow during the forecast period, driven by their easy availability and relatively low cost.
Market by Product:
Cyclosporine
Corticosteroid
Other Anti-Inflammatory Drugs
Market by Dosage:
Market by Distribution Channel:
REGIONAL ANALYSIS
Geographical Study Based on Four Major Regions:
The Asia-Pacific dry eye disease market is expected to be the leading region, progressing with the highest CAGR of 5.51% between 2024 to 2032.
The region's dry eye disease market is characterized by a growing patient population due to increasing screen time, aging demographics, and rising awareness about ocular health. Urbanization and lifestyle changes have contributed to a higher prevalence of dry eye disease, particularly in countries such as China, Japan, and India.
Increased adoption of digital devices is a significant factor, with studies indicating that over 60% of adults in urban areas report symptoms associated with dry eye disease.
Additionally, the region is witnessing a steady increase in the number of individuals over 50 years old, a demographic particularly susceptible to this condition. A study revealed that nearly 30% of individuals in this age group experience moderate to severe symptoms. Furthermore, the region has reported a 20% rise in healthcare expenditure related to eye health over the past five years, emphasizing the growing concern and demand for treatment.
Initiatives to improve healthcare access and the availability of advanced treatment options are supporting market growth. Pharmaceutical advancements and the development of new therapeutic options, including artificial tears and anti-inflammatory medications, are providing better management for patients.
Our market research reports offer an in-depth analysis of individual country-level market size and growth statistics. We cover the segmentation analysis, key growth factors, and macro-economic trends within the dry eye disease market, providing detailed insights into -
Major players in the global dry eye disease market:
Key strategies adopted by some of these companies;
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Frequently Asked Questions (FAQs):
A: The symptoms of dry eye disease include dryness, irritation, a gritty or sandy feeling, burning, redness, blurred vision, sensitivity to light, and excessive tearing (which is a response to irritation).
A: The causes of dry eye disease include aging, hormonal changes, certain medications, environmental factors (like wind or smoke), prolonged screen time, contact lens wear, and underlying medical conditions such as autoimmune diseases.
A: The treatment options for dry eye disease include artificial tears, prescription eye drops, lifestyle changes, warm compresses, omega-3 supplements, and, in some cases, procedures like punctal plugs or intense pulsed light therapy.