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Dry Eye Syndrome Market To Reach USD 4,868.04 Million By Year 2030

The Global Dry Eye Syndrome Market size was reasonably estimated to be approximately USD 2,985.99 Million in 2023 and is poised to generate revenue over USD 4,868.04 Million by the end of 2030, projecting a CAGR of around 6.30% from 2023 to 2030.

Swati Kalagate
Pristine Intelligence LLP

Market Overview:

The Global Dry Eye Syndrome Market size was reasonably estimated to be approximately USD 2,985.99 Million in 2023 and is poised to generate revenue over USD 4,868.04 Million by the end of 2030, projecting a CAGR of around 6.30% from 2023 to 2030.

The Dry Eye Syndrome Market encompasses global offerings for diagnosing, treating, and managing dry eye syndrome, a prevalent eye condition characterized by insufficient tear production or poor tear quality. It presents symptoms like dryness, discomfort, redness, and blurred vision. Aqueous-deficient dry eye stems from lacrimal gland underactivity due to various factors, including autoimmune diseases and medications.

Evaporative dry eye results from rapid tear evaporation due to lipid layer abnormalities, often linked to meibomian gland dysfunction. Treatment aims to alleviate symptoms, enhance tear production and quality, and protect the ocular surface. Options include artificial tears, prescription medications, lifestyle adjustments, and procedures addressing underlying causes or improving tear retention.

Top Key Players Covered in The Dry Eye Syndrome Market:

    • Novartis AG
    • AbbVie Inc.
    • Sun Pharmaceutical Industries Ltd.
    • Santen Pharmaceutical Co. Ltd.
    • AFT Pharmaceuticals
    • Johnson & Johnson Services Inc.
    • Otsuka Pharmaceutical Co. Ltd.
    • OASIS Medical, and Other Major Players

Market Dynamics and Factors:           

The growing prevalence of dry eye syndrome (DES) significantly influences the dry eye syndrome market, attributed to factors like aging populations, increased screen time, environmental conditions, and lifestyle changes. This rise in affected individuals enlarges the target market for pharmaceutical companies and medical device manufacturers, fostering investments in research and development for tailored therapies. Consequently, a consistent demand for dry eye syndrome treatments including artificial tears, lubricants, prescription medications, and medical devices emerges. This trend stimulates advancements in treatment options, diagnostic capabilities, and awareness efforts for managing DES effectively.

The emergence of novel therapies presents a notable opportunity within the DES market. Ongoing research endeavors focus on innovating treatment approaches, aiming for enhanced patient outcomes and a broader range of options. While current DES treatments primarily involve artificial tears, lubricants, and prescription medications, there's a demand for more targeted and efficacious therapies addressing root causes and symptom alleviation. The opportunity lies in exploring novel drug formulations like advanced lubricants, anti-inflammatory agents, and regenerative medicine solutions. Overall, the development of innovative treatments holds promise for revolutionizing DES patient care, enhancing their quality of life amidst this chronic condition.

The Dry Eye Syndrome Market Report Highlight:

    • By Product Type, Anti-inflammatory Drugs are a key product type aimed at reducing inflammation and relieving symptoms. These drugs target the underlying inflammation associated with dry eye, providing relief to sufferers. With a focus on alleviating discomfort and improving tear film stability, Anti-inflammatory Drugs play a crucial role in managing the condition. Their effectiveness in addressing the inflammatory component of dry eye underscores their significance in the treatment landscape.
    • By End-User, Hospitals serve as primary points for diagnosis, treatment, and management of this prevalent ocular condition. They provide comprehensive care through specialized ophthalmology departments, offering a range of treatments from artificial tears to advanced surgical interventions. With a focus on patient-centric care and access to cutting-edge technologies, hospitals remain integral in addressing the multifaceted needs of individuals suffering from Dry Eye Syndrome.
    • By Distribution Channel, Hospital Pharmacies serve as a crucial distribution channel. They provide convenient access to medications and treatments for patients suffering from this condition. Hospital Pharmacies play a vital role in ensuring that prescribed medications reach those in need efficiently. Through these channels, healthcare providers can offer a wide range of products tailored to alleviate symptoms and manage the underlying causes of Dry Eye Syndrome, improving patients' quality of life.
    • By Region, The Asia Pacific region is poised to dominate the market, fueled by rapid economic growth, technological innovation, and a burgeoning consumer base. With countries like China, India, Japan, and South Korea leading the charge, the region showcases immense potential across various industries, from manufacturing to services. Favorable government policies, investments in infrastructure, and a robust entrepreneurial ecosystem further contribute to its ascendancy. As global trade dynamics shift, Asia Pacific's strategic location and dynamic markets position it as a powerhouse driving the future of the global economy.

Key Industry Development:

In November 2022, Santen Pharmaceutical Co. Ltd. announced the successful launch of DIQUAS® LX Ophthalmic Solution 3% (diquafosol sodium) in Japan for the treatment of the dry eye. The launch of this new treatment option demonstrates Santen's commitment to addressing the needs of individuals suffering from dry eye, a condition that can cause discomfort and visual disturbances.

In February 2022, Contract sales organization Farmaforce officially partnered with AFT Pharmaceuticals to deliver exceptional representation to healthcare practitioners in Australia. Through this collaboration, Farmaforce strengthened AFT's presence in the Australian market by promoting a range of AFT health products to practitioners.

The Dry Eye Syndrome Market Segmentation:

By Product Type

    • Artificial Tears
    • Anti-inflammatory Drugs
    • Punctal Plugs
    • Secretagogues

By End-User

    • Hospitals
    • Specialty Clinics
    • Homecare

Distribution Channel

    • Hospital Pharmacies
    • Independent Pharmacies & Drug Stores
    • Online Pharmacies

For this report, Pristine Intelligence has segmented the Dry Eye Syndrome Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

 North America

    • The U.S.
    • Canada
    • Mexico

Eastern Europe

    • Russia
    • Bulgaria
    • The Czech Republic
    • Hungary
    • Poland
    • Romania
    • Rest of Eastern Europe

Western Europe

    • Germany
    • UK
    • France
    • Netherlands
    • Italy
    • Spain
    • Rest of Western Europe

Asia Pacific

    • China
    • India
    • Japan
    • Singapore
    • Australia
    • New-Zealand
    • Rest of APAC

Middle East & Africa

    • Turkey
    • Saudi Arabia
    • Qatar
    • UAE
    • Israel
    • South Africa

South America

    • Brazil
    • Argentina
    • Rest of SA
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