Artificial Tear Market Report: Trends, Forecast and Competitive Analysis to 2030

Artificial Tear Trends and Forecast

The future of the global artificial tear market looks promising with opportunities in the eye drop and ointment markets. The global artificial tear market is expected to reach an estimated $4.3 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are rising prevalence of dry eye incidence, increasing awareness towards ocular diseases, and growing older population.

A more than 150-page report is developed to help in your business decisions.

Artificial Tear by Segment

The study includes a forecast for the global artificial tear by type, delivery mode, application, and region.

Artificial Tear Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Cellulose Derived Tears
• Glycerin Derived Tears
• Oil-Based Emulsion Tears
• Polythylene Glycol Based Tears
• Propylene Glycol Based Tears
• Sodium Hyaluronate Based Artificial Tears

Artificial Tear Market by Delivery Mode [Shipment Analysis by Value from 2018 to 2030]:

• Eye Drops
• Ointments

Artificial Tear Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Dry Eyes Treatment
• Contact Lenses Moisture

Artificial Tear Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Artificial Tear Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies artificial tear companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the artificial tear companies profiled in this report include-

• Johnson and Johnson Vision Care
• Allergan
• Alcon
• Bausch & Lomb Incorporated
• Santen
• URSAPHARM Arzneimittel
• ROHTO Pharmaceutical

Artificial Tear Market Insights

Lucintel forecasts that glycerin derived tear will remain the largest segment over the forecast period as it is easily available and is capable of keeping eyes moist for long time.

Within this market, eye drop will remain the larger segment as it is available in wide range of products and easy to use.

North America will remain the largest region over the forecast period due to rising prevalence of opthalmic disorders and increasing adoption of treatment therapies in the region.

Features of the Global Artificial Tear Market

Market Size Estimates: Artificial tear market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Artificial tear market size by type, delivery mode, application, and region in terms of value ($B).

Regional Analysis: Artificial tear market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, delivery modes, applications, and regions for the artificial tear market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the artificial tear market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the artificial tear market size?

Answer: The global artificial tear market is expected to reach an estimated $4.3 billion by 2030.

Q2. What is the growth forecast for artificial tear market?

Answer: The global artificial tear market is expected to grow with a CAGR of 5.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the artificial tear market?

Answer: The major drivers for this market are rising prevalence of dry eye incidence, increasing awareness towards ocular diseases, and growing older population.

Q4. What are the major segments for artificial tear market?

Answer: The future of the artificial tear market looks promising with opportunities in the eye drop and ointment markets.

Q5. Who are the key artificial tear market companies?

Answer: Some of the key artificial tear companies are as follows:

• Johnson and Johnson Vision Care
• Allergan
• Alcon
• Bausch & Lomb Incorporated
• Santen
• URSAPHARM Arzneimittel
• ROHTO Pharmaceutical

Q6. Which artificial tear market segment will be the largest in future?

Answer: Lucintel forecasts that glycerin derived tear will remain the largest segment over the forecast period as it is easily available and is capable of keeping eyes moist for long time.

Q7. In artificial tear market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rising prevalence of opthalmic disorders and increasing adoption of treatment therapies in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the artificial tear market 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), application (dry eyes treatment and contact lenses moisture), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?