Dry Eye Syndrome Market research report, by type (evaporative, aqueous), by diagnosis (schirmer test, eye exam), treatment (nutritional supplements, surgery), distribution channel (hospital pharmacies) end user (hospitals) -Forecast till 2027
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Global Dry Eye Syndrome Market Highlights:
Dry eye syndrome is a medical condition in which eyes’ lubrication is hindered by the unavailability of tears. Under normal condition, during excessive production, tears flow into the small drainage ducts of the inner corners of the eyes, followed by draining back into the nose. Increasing geriatric population, rising prevalence of the diseases like diabetes, rheumatoid arthritis, growing per capita healthcare expenditure, and changing lifestyle are the major drivers for the market growth.
However, factors like stringent FDA drug approvals, lack of skilled ophthalmologists, and low per capita healthcare expenditure in the middle- and low-income countries are estimated to restrain the market growth during the forecast period.
Global Dry Eye Syndrome Market Segments:
The global dry eye syndrome is segmented on the basis of the type, diagnosis, treatment, distribution channel and end user.
Based on the type, the market is segmented into evaporative dry eye syndrome, aqueous dry eye syndrome, and others.
Based on the diagnosis, the market is categorized into Schirmer test, eye exam, and others.
Based on the treatment, the market is segmented into nutritional supplements, serum eye drops, lubricant eye drops, anti-inflammatory drugs segments, surgery, and others. The lubricant eye drops segment is sub-segmented into oily tear eye drops, ointments, preservative-free drops, and others. The anti-inflammatory drugs segments segment is sub-segmented into tetracyclines, corticosteroids, and others. The surgery segment is sub-segmented into punctual occlusion, intense pulsed light therapy, and others.
Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, online pharmacies, and others.
Based on the end users, the market is segmented into hospitals, clinics, home care, and others.
Regional Analysis:
The Americas dominates the global dry eye syndrome market owing to the presence of a well-developed healthcare sector, huge patient population, and increasing healthcare expenditure. Moreover, the presence of the major market players like Johnson & Johnson Vision, Auven therapeutics, Acadia Pharmaceutical, and others within the region boosts the market growth. Europe stands second in the dry eye syndrome market. This is attributed to the increasing availability of funds for research, a well-developed healthcare sector, huge patient and growing geriatric population.
The Asia Pacific region is estimated to be the fastest growing region for the market. Economies like India, China, Australia and others within the region have huge patient population, rising healthcare expenditure facilitating the market growth. On the other hand, the Middle East & Africa has the least share in the global dry eye syndrome. Low per capita healthcare expenditure, stringent government policies, especially within the African region restrains the market growth within the region. The Middle East holds a majority of the market due to a well-developed healthcare sector and huge healthcare expenditure.
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