Worldwide Dry Eye Disease Industry to 2025 - Featuring AbbVie, Alcon & VISUfarma Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Dry Eye Disease Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The Dry Eye Disease Market is expected to register a CAGR of 5.8% during the forecast period. Several factors, such as aging, decrease in the supportive hormones, systemic inflammatory diseases, ocular surface diseases, or surgeries that affect the cholinergic nerves, which stimulate tear secretion, may be associated with the rise in dry eye-related diseases.

A significant percentage of the global population (middle age to older age) suffers from the dry eye disease. The disease is particularly more common among women than in men.

According to the World Ageing 2019 report, estimates that there were about 703 million population aged 65 years or over in the world in 2019. This number is projected to double to 1.5 billion in 2050. Moreover, by 2050, 1 in 6 people in the world will be over the age of 65, up from 1 in 11 in 2019. As number of elderly population are projected to increase and this population are more prone to eye related disorders such as dry eye which ultimately drives the market in near future.

Companies Mentioned

• AbbVie Inc (Allergan Plc)
• Alcon Inc
• Santen Pharmaceutical Co. Ltd
• OASIS Medical
• Bausch Health Companies Inc
• Sun Pharmaceutical Industries Ltd
• Otsuka Pharmaceutical Co. Ltd
• Johnson & Johnson
• VISUfarma
• Sentiss Pharma Pvt Ltd
  

Key Market Trends

Corticosteroid Drugs Segment is Expected to Hold a Major Market Share in the Dry Eye Disease Market

Corticosteroids are effective anti-inflammatory drugs. These are widely available and rapidly relieve the symptoms and signs of moderate and severe dry eye diseases. These drugs are highly useful in short-term efficacy, and thus, are prescribed mostly for acute cases of dry eye diseases. However, the long-term usage of these drugs has major side effects, such as intraocular pressure elevation and cataract progression. Two of the major companies established in this segment are Bausch Health and AbbVie Inc (Allergan Plc). Often, these companies, as well as doctors, recommend corticosteroid, along with antibiotic therapy.

According to the World Population Ageing 2019 report, in Italy population aged 65 years or over in 2019 was 13.93 million (23%) and this number is projected to reach to 16.46 million (27.9%) in 2030. As the number of the elderly population is expected to grow in coming years who are more prone to eye-related disorders which ultimately drives the market in future.

Some of the common interventions include dietary omega-3 essential fatty acids, such as fish oils or flaxseed oil, or the use of lipid-based artificial tears to augment the deficient lipid layer, and/or a short course of a topical ester-based corticosteroid, in order to address the inflammatory component of the dry eye. Overall, this segment has the largest share under anti-inflammatory drugs in the market studied, and is expected to register a steady CAGR over the forecast period.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

Geographically, North American holds a major share. As per Government of Canada Statistics report 2019, in 2019 Canadian older population included 6,592,611 which accounted for 17.5% of the Canadian population. Although the proportion of seniors in Canada has been increasing over time. Moreover, aging of Canada's population was influenced by the baby boomers who turned 65 in the last five years as well as increasing life expectancy. As number of older population is expected to grow in near future this population are more prone to eye related diseases which shows positive impact on market. Thus, North America dominates with major share in near future.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Rising Prevalence of Dry Eye Disease

4.2.2 Emergence of Novel Diagnostic Tools

4.2.3 Technological Advancements and Promising Pipeline Products

4.3 Market Restraints

4.3.1 High Cost of Specialty Dry Eye Products with Complex Reimbursement Scenario

4.3.2 Availability of Alternative Therapies

4.4 Porter's Five Forces Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Product

5.1.1 Artificial Tears

5.1.2 Anti-inflammatory Drugs

5.1.2.1 Cyclosporine

5.1.2.2 Corticosteroid

5.1.2.3 Other Anti-inflammatory Drugs

5.1.3 Punctal Plugs

5.1.4 Secretagogues

5.1.5 Other Products

5.2 By Distribution Channel

5.2.1 Hospital Pharmacies

5.2.2 Independent Pharmacies and Drug Stores

5.2.3 Online Pharmacies

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Middle-East & Africa

5.3.5 South America

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/cmxf4q