Dry Eye Treatment Market to Exceed $8.7 Billion by 2030; TMR study

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WILMINGTON, DE /ACCESSWIRE/October 11, 2022 / Transparency Market Research Inc. – The widespread adoption of anti-inflammatory products and artificial tear medications has boosted the business prospects of the dry eye treatment market. The emphasis on evidence-based and personalized treatments has led stakeholders to embrace step-wise therapeutic approaches to dry eye management, which underpins a broad, lucrative avenue pursued by many stakeholders. The global dry eye treatment market is expected to surpass US$8.7 billion by 2030.

The commercialization of devices based on intense pulsed light technology was based on patient acceptance of those that effectively reduced inflammation. The massive adoption of medical devices is generating tremendous revenue opportunities for players in the dry eye treatment market. Medical technology companies are keen to unveil cutting-edge technology to improve long-term patient outcomes, key dry eye treatment market growth factors indicate. Targeting inflammatory pathways in dry eye is garnering considerable attention among industry players and will open up new avenues in the near future.

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Key Findings of the Dry Eye Treatment Market Research

  • Growing acceptance of devices based on intense pulsed light technology opening up lucrative opportunities: Growing demand for intense pulsed light technology in Europe will drive revenue streams in the global dry eye treatment market. The unmet need for more effective anti-inflammatory products will open new revenue streams, market analysts believe.

New contact lenses continue to attract massive patient attention for the management of dry eye treatment. Thus, innovations in the field of contact lenses will broaden the horizon for the treatment of inflammatory dry eye disease.

  • Step Therapy Approaches for Dry Eye Management Enrich Market Insights: Rising demand for multi-stage management algorithms has opened up promising avenues for companies in the dry eye treatment market. Stakeholders wish to offer a range of interventions for the management of the disease, in particular by relieving the main ocular symptoms. This will allow them to increase their market share in the treatment of dry eye.

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Dry Eye Treatment Market: Drivers

  • The prevalence of dry eye diseases globally is a key market driver. Especially in the developed world, with the United States being a notable example, the public health burden of disease has been considerable.
  • Rapid population aging in several developing and some developed regions is a key driver of the dry eye treatment market.
  • Advances in contact lens therapeutics, prescription drugs, and medical devices used in the management of dry eye treatment are catalyzing the progress of the market.

Dry Eye Treatment Market: Regional Growth Dynamics

  • North America is expected to hold a major share of the global dry eye treatment market during the forecast period. A series of product approvals over the past few years and rapid advances in laboratory infrastructure have strengthened revenue streams for companies in the regional market.
  • Asia-Pacific is a remarkably lucrative market. Revenue growth is fueled by the rapidly growing patient base, particularly elderly patients, and government spending to strengthen the healthcare sector, particularly in developing regions.

Dry Eye Treatment Market: Competition Landscape

Top players are keen to unveil innovative products to strengthen their position in the dry eye treatment market. To this end, many companies have entered into collaborations.

Some of the key players are RegeneRx (ReGenTree, LLC), Sentiss Pharma Pvt. Ltd., Otsuka Pharmaceutical Co., Ltd., Novartis AG, Johnson & Johnson, OASIS Medical and Allergan.

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Segmentation of the dry eye treatment market

Global Dry Eye Treatment Market: Segmentation:

Product

Artificial tears

Anti-inflammatory

  • Ciclosporin
  • Corticosteroid
  • Others

Point plugs

Secretagogue

Others

Sickness

  • Evaporative dry eye syndrome
  • Watery dry eye syndrome

Distribution channel

  • Hospital pharmacies
  • Retail pharmacies
  • Online pharmacies

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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