Global Dry Eye Medication Market

Global Dry Eye Medication Market Size, Trends & Analysis - Forecasts To 2026 By Drug Type (Anti-inflammatory Drugs, Artificial tears, Punctal Plugs, Secretagogues, Other Products), By Distribution Channel (Hospital Pharmacies, Eye Health Clinics, Retail Pharmacies, Online Pharmacies), By Delivery System (Liquid, Gel, Ointment, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Category Healthcare

Format

This report was recently updated on April 11 2024 with the latest and most recent market numbers

Dry Eye Medication Market: Insights

The global dry eye medication market is expected to generate revenue amounting to USD 4021.06 million in 2020, and is projected to reach to USD 6336.95 million by 2026, growing at a CAGR of 7.88% over the forecast period. Increase in the geriatric population along with rise in awareness about the diagnosis and treatment of eye disease is expected to drive the market growth during the forecast period. Also, increase in the use of contact lenses, and the rise in healthcare expenditures are estimated to boost the market growth during the forecast period. Increasing prevalence of eye disorders across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of Dry Eye Medication. According to the data published by World Ageing 2019 report, it is estimated that there were about 703 million population aged 65 years across the globe and the number is projected to double to 1.5 billion by 2050. However, the dearth of skilled ophthalmologists is likely to hamper the market growth during the forecast period.

Eye Medication Market Size: By Segmentation

The global dry eye medication market is segmented on the basis of drug type into Anti-inflammatory Drugs, Artificial tears, Punctal Plugs, and Secretagogues, among others. The anti-inflammatory drugs segment is further segmented into Cyclosporine and Corticosteroid. The corticosteroid drugs segment is expected to hold the largest market share in the global dry eye medication market during the forecast period. Corticosteroids are effective anti-inflammatory drugs which are widely available in the market space. They are used rapidly to relieve the symptoms and signs of moderate and severe dry eye diseases. These drugs are highly useful in short-term efficacy, and generally prescribed for acute cases of dry eye diseases. The artificial tears segment is expected to grow at a high CAGR during the forecast period. Artificial tears eye drops are the first step in dry eye treatment and are useful to maintain moisture on the outer surface of the eye for a long time. Artificial tears eye drops can be bought without prescriptions and they are available at all medical stores.

On the basis of distribution channel, the global dry eye medication market is segmented into hospital, pharmacies, eye health clinics, retail pharmacies, and online pharmacies. The retail pharmacy segment is expected to hold the largest market share in the global dry eye medication market during the forecast period. The dry eye drugs can be easily bought without a doctor’s prescription, so patients find it convenient to buy drugs from retail pharmacies. The online pharmacies market is expected to grow at a high CAGR during the forecast period. Growing usage of smart phones and increasing number of e-commerce websites are the major factors driving the market growth for online segment.

Dry Eye Medication Market Size: By Region

On the basis of region, the market of dry eye medication is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The North America region is expected to dominate the market during the forecast. The presence of key market players associated with the dry eye treatments and huge patient population are driving the market growth in the region. According to the data published by Government of Canada, in 2019 Canadian older population included 6,592,611 which accounted for 17.5% of the total Canadian population. Adoption of new technology devices for the diagnoses of diseases, early market approvals of the product, large number of ophthalmic surgeries, and awareness in the society, are some of the major factors expected to drive the market growth in the region during the forecast period.

Dry Eye Medication Market Landscape:

Eye drops are used for treating dry eye, eye redness, and allergic reactions. But most eye drops contain an element known as benzalkonium chloride (BAK), a preservative. This ingredient can be harmful when used regularly to treat the symptoms. The trend of using single-dose free-eye preservative drops has increased. These eye drops are considered safe for extended use, as they are free from preservatives. Allergan has recently released their OPTIVE REFRESH product, which is preservative free eye drops for single use.

In March 2019, Novartis has entered into an agreement with Takeda Pharmaceutical Company Limited to acquire Xiidra. Xiidra is a prescribed eye drop solution designed to treat the signs and symptoms of dry eye disease

In July 2018, Allergan launched new “Refresh Repair Lubricant Eye Drops”. It is the first and the only artificial tear in the U.S. formulated with carboxymethylcellulose (CMC), hyaluronic acid (HA, an inactive ingredient), and osmoprotectants.

Dry Eye Medication Market: Share & Competitor Analysis

Some of the key players operating in the Dry Eye Medication market include: EyeGate Pharmaceuticals Inc., Allergan, Inc., Novartis AG, Merck and Co, Inc., Santen Pharmaceutical Co., Ltd, Shire, Alcon Inc., Bausch Health Companies Inc., Johnson & Johnson, and VISUfarma among others.

Please note: This is not an exhaustive list of companies profiled in the report.

Check the Press Release on Global Dry Eye Medication Market Report

Dry Eye Medication Market: By Drug Type

Introduction
1. Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
Anti-inflammatory Drugs
1. Anti-inflammatory Drugs: Dry Eye Medication Market, 2018-2026 (USD Million)
Artificial tears
1. Artificial tears: Dry Eye Medication Market, 2018-2026 (USD Million)
Punctal Plugs
1. Punctal Plugs: Dry Eye Medication Market, 2018-2026 (USD Million)
Secretagogues
1. Secretagogues: Dry Eye Medication Market, 2018-2026 (USD Million)
Other Products
1. Other Products: Dry Eye Medication Market, 2018-2026 (USD Million)

Dry Eye Medication Market: By Distribution Channel

Introduction
1. Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
Hospital Pharmacies
1. Hospital Pharmacies: Dry Eye Medication Market, 2018-2026 (USD Million)
Eye Health Clinics
1. Eye Health Clinics: Dry Eye Medication Market, 2018-2026 (USD Million)
Retail Pharmacies
1. Retail Pharmacies: Dry Eye Medication Market, 2018-2026 (USD Million)
Online Pharmacies
1. Online Pharmacies: Dry Eye Medication Market, 2018-2026 (USD Million)

Dry Eye Medication Market: By Delivery System

Introduction
1. Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
Liquid
1. Liquid: Dry Eye Medication Market, 2018-2026 (USD Million)
Gel
1. Gel: Dry Eye Medication Market, 2018-2026 (USD Million)
Ointment
1. Ointment: Dry Eye Medication Market, 2018-2026 (USD Million)
Others
1. Others: Dry Eye Medication Market, 2018-2026 (USD Million)

Dry Eye Medication Market: By Region

Introduction
1. Global Dry Eye Medication Market, Regional Analysis, 2018-2026 (USD Million)
North America
1. North America Dry Eye Medication Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Drug Type
    1. North America Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
  2. By Delivery System
    1. North America Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
  3. By Distribution Channel
    1. North America Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
  4. By Country
    1. U.S.
      1. By Drug Type
        
        U.S Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        U.S Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        U.S Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    2. Canada.
      1. By Drug Type
        
        Canada Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Canada Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Canada Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    3. Mexico
      1. By Drug Type
        
        Mexico Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Mexico Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Mexico Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
Europe
1. Europe Dry Eye Medication Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Drug Type
    1. Europe Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
  2. By Delivery System
    1. Europe Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
  3. By Distribution Channel
    1. Europe Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
  4. By Country
    1. Germany
      1. By Drug Type
        
        Germany Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Germany Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Germany Dry Eye Medication Market, By Vertical, 2018-2026 (USD Million)
    2. UK
      1. By Drug Type
        
        UK Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        UK Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        UK Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    3. France
      1. By Drug Type
        
        France Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        France Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        France Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    4. Italy
      1. By Drug Type
        
        Italy Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Italy Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Italy Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    5. Spain
      1. By Drug Type
        
        Spain Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Spain Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Spain Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    6. Rest Of Europe
      1. By Drug Type
        
        Rest Of Europe Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Rest Of Europe Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Rest Of Europe Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
Asia Pacific
1. Asia Pacific Dry Eye Medication Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Drug Type
    1. Asia Pacific Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
  2. By Delivery System
    1. Asia Pacific Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
  3. By Distribution Channel
    1. Asia Pacific Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
  4. By Country
    1. China
      1. By Drug Type
        
        China Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        China Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        China Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    2. Japan
      1. By Drug Type
        
        Japan Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Japan Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Japan Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    3. India
      1. By Drug Type
        
        India Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        India Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        India Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    4. South Korea
      1. By Drug Type
        
        South Korea Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        South Korea Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        South Korea Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    5. Rest Of APAC
      1. By Drug Type
        
        Rest Of APAC Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Rest Of APAC Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Rest Of APAC Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
Central & South America
1. Central & South America Dry Eye Medication Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Drug Type
    1. Central & South America Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
  2. By Delivery System
    1. Central & South America Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
  3. By Distribution Channel
    1. Central & South America Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
  4. By Country
    1. Brazil
      1. By Drug Type
        
        Brazil Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Brazil Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Brazil Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Dry Eye Medication Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Drug Type
    1. Middle East & Africa Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
  2. By Delivery System
    1. Middle East & Africa Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
  3. By Distribution Channel
    1. Middle East & Africa Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
  4. By Country
    1. Saudi Arabia
      1. By Drug Type
        
        Saudi Arabia Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        Saudi Arabia Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        Saudi Arabia Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)
    2. UAE
      1. By Drug Type
        
        UAE Dry Eye Medication Market, By Drug Type, 2018-2026 (USD Million)
      2. By Delivery System
        
        UAE Dry Eye Medication Market, By Delivery System, 2018-2026 (USD Million)
      3. By Distribution Channel
        
        UAE Dry Eye Medication Market, By Distribution Channel, 2018-2026 (USD Million)

The global Dry Eye Medication Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Dry Eye Medication Market.

Dry Eye Medication Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Dry Eye Medication Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Dry Eye Medication Market