Latest
industry research report on: Global Dry Eye Syndrome Market |
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Global Dry Eye Syndrome
Market
Dry eye syndrome, medically
known as keratoconjunctivitis sicca, is an ocular disorder caused by
the lack of tear fluid to lubricate the eyes. This can be an
indicator of either low production of tears or rapid evaporation of
the film of tears on the surface of the eyes, which can be brought
about by several conditions. Dry eye syndrome is one of the most
common eye disorders around the world and is particularly common in
the geriatric demographic. Reduction in the production of tears due
to aging is the primary cause of dry eye syndrome among the elderly.
Regular users of contact lenses also have an increased risk of dry
eye syndrome.
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Depending
upon the cause and severity of the condition, dry eye syndrome can be
irreversible. However, most cases can be treated with a combination
of artificial tears, steroid eye drops, warm compressors, and punctal
plugs. All these treatments have different mechanisms: artificial
tears can close up the deficiency of natural tears to lubricate the
eyes, steroid drops help soothe inflammation around the eye to
stimulate natural tear production, warm compressors help increase the
activity of glands around the eyes required to produce tears, and
punctal plugs help keep tears on the surface of the eyes for a longer
period.
Global
Dry Eye Syndrome Market: Drivers and Restraints
The
growth of the global dry eye syndrome market is primarily due to the
increase in the overall prevalence of dry eye syndrome, which is
attributable to a combination of several factors.
The
rising geriatric population around the world has led to an upsurge in
the overall prevalence of dry eye syndrome, as tear glands weaken due
to aging and can’t produce sufficient tear fluid to maintain a
lubricating film over the eyes.
The
high prevalence of other conditions that can affect the functioning
of the eye, such as diabetes, is another major factor boosting the
prevalence of dry eye syndrome. The changes in the composition of the
patient’s blood due to diabetes can affect tear glands adversely,
causing dry eye syndrome. Other conditions that can indirectly cause
dry eye syndrome include vitamin A deficiency, lupus, thyroid
disorders, and rheumatoid arthritis.
The
global dry eye syndrome market has also been boosted by the
increasing awareness among the population about this disease. Dry eye
syndrome is likely to be ignored by many patients, since the
inconvenience caused by it is not debilitating. However, the rising
awareness about the diagnosis and treatment of the disease has
resulted in more patients proactively trying to cure the disease,
propelling the global dry eye syndrome market. Nevertheless, the
popularity of self-medication by patients remains a major restraint
on the dry eye syndrome market at present.
Steady
government support for medical research has allowed researchers to
treat this condition more precisely and comprehensively. Research
into the disease has been productive in recent years as a result,
helping the global dry eye syndrome market post a high growth rate
due to the growing confidence of patients in the treatments on offer.
Many governments around the world are expected to keep up their
strong support for medical research in the near future, indirectly
benefitting the global dry eye syndrome market.
However,
the expiration of patents on major drugs used in the treatment of dry
eye syndrome is a major restraint on the global dry eye syndrome
market.
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Global Dry Eye Syndrome
Market: Regional and Competitive Dynamics
The global dry eye syndrome
market is dominated by North America. The high prevalence of
lifestyle disorders that increase the chances of contracting dry eye
syndrome in this region is a major driver for the North America dry
eye syndrome market. Medications such as antihistamines, pain
relievers, and antidepressants, the use of which is rampant in North
America, also reportedly increase the risk of dry eye syndrome.
However, the swelling patient
population and strong government support for medical research in Asia
Pacific are expected to enable rapid growth of the regional market in
the coming years.
Some of the major companies in
the global dry eye syndrome market are Novartis, Nicox, Allergan
Inc., Bridge Pharma Inc., and Santen Pharmaceutical Co., Ltd. Of
these, Novartis, Allergan, and Santen have established a dominant
presence in the global dry eye syndrome market and are expected to
lead the market in the coming years as well.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
The study is a source of
reliable data on:
Market segments and
sub-segments
Market trends and dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder
analysis
The regional analysis
covers:
North America (U.S. and
Canada)
Latin America (Mexico,
Brazil, Peru, Chile, and others)
Western Europe (Germany,
U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands,
Luxembourg)
Eastern Europe (Poland,
Russia)
Asia Pacific (China, India,
Japan, ASEAN, Australia and New Zealand)
Middle East and Africa
(GCC, Southern Africa, North Africa)
The report has been compiled
through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which
entails reputable paid sources, trade journals, and industry body
databases). The report also features a complete qualitative and
quantitative assessment by analyzing data gathered from industry
analysts and market participants across key points in the industry’s
value chain.
A separate analysis of
prevailing trends in the parent market, macro- and micro-economic
indicators, and regulations and mandates is included under the
purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop
analysis, which includes an assessment of the parent market
Important changes in market
dynamics
Market segmentation up to
the second or third level
Historical, current, and
projected size of the market from the standpoint of both value and
volume
Reporting and evaluation of
recent industry developments
Market shares and
strategies of key players
Emerging niche segments and
regional markets
An objective assessment of
the trajectory of the market
Recommendations to
companies for strengthening their foothold in the market
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