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Artificial Tears Market 2021: Future Forecast Indicates Impressive Growth Rate, CAGR of 5.9%, Industry Share, Manufacturers Strategy, Opportunities, Challenges, Demands, COVID-19 Analysis and Business Prospect till 2027

Artificial Tears Market |2021 Analysis, Key Opportunities Major Players, Impact of COVID-19 and Size, Growth, Share, Regional Analysis With Global Industry Forecast To 2027, The global “Artificial Tears Market” is expected to reach USD 4.30 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period. The growing incidence of ocular diseases can be a vital factor amplifying the growth of the global market, states Fortune Business Insights, in a report, titled “Artificial Tears Market Size, Share & COVID-19 Impact Analysis, By Type (Polyethylene Glycols (PEG) and Polypropylene Glycols (PPG), Cellulose, and Others), By Delivery (Eye Drops, and Ointments), By Application (Dry Eye Syndrome, Allergies & Infections, and Others), By Distribution Channel (Hospital Pharmacies, Drug Stores & Retail Pharmacies, and Online Pharmacies), and Regional Forecast, 2020-2027.” The market size stood at USD 2.64 billion in 2019.

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What does the Report Include?

The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

Artificial Tears Highlights of the Report:

  1. Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  2. Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
  3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

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Market Driver:

Introduction of Technologically Advanced Products to Bolster Growth

The constant efforts of eminent players to launch advanced and sophisticated products are expected to have a tremendous effect on the market. For instance, SYSTANE released a variety of products such as Systane® Complete, Systane® Ultra Lubricant Eye Drops, Systane® Balance Lubricant Eye Drops, Systane® Ultra Lubricant Eye Drops, Systane® Preservative-Free Lubricant Eye Drops, Systane® Nighttime Ointment, Systane® Day & Night Lubricant Eye Drop and others. The increasing awareness among the patient population will contribute positively to the growth of the market during the forecast period. The rising cases of dry eye syndrome and conjunctivitis will spur the demand for artificial tears, which, in turn, will boost the market.

Ease on OTC Products to Offer Impetus to Market During COVID-19

The coronavirus pandemic has severely affected various industries across the globe. The implementation of lockdown by governments has to lead to the disruption of the supply chain. However, the facility for non-essential medical products will improve the prospects of the market during the pandemic. The ease on over the counter (OTC) products such as artificial tears can further aid the speedy expansion of the market. The demand for teardrops in online pharmacies will subsequently propel the growth of the market.

The artificial tears market encompasses:

  • Wide-ranging analysis of the market
  • Valuable insights into the regions
  • Key market trends and drivers
  • Severe impact of COVID on the industry
  • High-end data about prominent players

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Regional Analysis:

Presence of Eminent Players to Promote Business in North America

The market size in North America stood at USD 1.38 billion in 2019. The growth in North America is attributed to the robust healthcare infrastructure. The growing demand for sophisticated artificial tears will enable the growth of the market. The presence of key market players will influence growth in the region. The increasing prevalence of dry eye syndrome and other ocular diseases such as eye allergies will create lucrative business opportunities for the market. As per the survey conducted by National Health and Wellness in 2013, it was estimated that up to 6.8% of the population in the U.S. was to be affected by dry eye syndrome. The large patient population is likely to accelerate revenue in North America. The market in Asia Pacific is expected to witness a rapid growth rate during the forecast period due to the growing awareness about ocular diseases. The increasing patient population and healthcare expenditure will foster the healthy growth of the market in the region. The Middle and East and Africa are predicted to account for a significant share in the global market due to the enriching economic conditions and improved healthcare systems.

Notable Development:

October 2019: Allergan released a new product line called Refresh Relieva lubricant eye. The launch of the novel product will help the company retain its position in the eye drop industry.

The Report Lists the Main Companies in the Artificial Tears Market:

  • Allergan (AbbVie Inc.) (Dublin, Ireland)
  • Santen Pharmaceutical Co., Ltd. (Osaka, Japan)
  • Bausch & Lomb (Laval, Canada)
  • Alcon (Geneva, Switzerland)
  • Novartis AG (Basel, Switzerland)
  • Akorn Inc. (Lake Forest, U.S.)
  • Eyevance Pharmaceuticals LLC (Forth Worth, U.S.)
  • Sun Pharmaceutical Industries Ltd. (Mumbai, India)
  • Johnson & Johnson (New Brunswick, U.S.)
  • Bayer AG (Leverkusen, Germany)
  • Otsuka Pharmaceutical Co., Ltd. (Tokyo, Japan)
  • Other Players

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Segments Covered in the Report

By Type

  • Polyethylene Glycols (PEG) and Polypropylene Glycols (PPG)
  • Cellulose
  • Others

By Delivery

  • Eye Drops
  • Ointments

By Application

  • Dry Eye Syndrome
  • Allergies & Infections
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Drug Stores & Retail Pharmacies
  • Online Pharmacies

By Geography

  • North America
    • By Type
    • By Delivery
    • By Application
    • By Distribution Channel
    • By Country

Table of Content:

1 Artificial Tears Market Overview

1.1 Artificial Tears Product Overview

1.2 Artificial Tears Market Segment by Type

1.3 Global Artificial Tears Market Size by Type (2015-2027)

1.3.1 Global Artificial Tears Market Size Overview by Type (2015-2027)

1.3.2 Global Artificial Tears Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global Artificial Tears Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global Artificial Tears Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global Artificial Tears Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global Artificial Tears Market Size Forecast by Type (2021-2027)

1.3.3.1 Global Artificial Tears Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global Artificial Tears Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global Artificial Tears Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America Artificial Tears Sales Breakdown by Type (2015-2027)

1.4.2 Europe Artificial Tears Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific Artificial Tears Sales Breakdown by Type (2015-2027)

1.4.4 Latin America Artificial Tears Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa Artificial Tears Sales Breakdown by Type (2015-2027)

2 Global Artificial Tears Market Competition by Company

2.1 Global Top Players by Artificial Tears Sales (2015-2021)

2.2 Global Top Players by Artificial Tears Revenue (2015-2021)

2.3 Global Top Players Artificial Tears Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company Artificial Tears Manufacturing Base Distribution, Sales Area, Product Type

2.5 Artificial Tears Market Competitive Situation and Trends

2.5.1 Artificial Tears Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by Artificial Tears Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Artificial Tears as of 2019)

2.7 Date of Key Company Enter into Artificial Tears Market

2.8 Key Company Artificial Tears Product Offered

2.9 Mergers and Acquisitions, Expansion

3 Global Artificial Tears Status and Outlook by Region (2015-2027)

3.1 Global Artificial Tears Market Size and CAGR by Region: 2015 VS 2021 VS 2027

3.2 Global Artificial Tears Market Size Market Share by Region (2015-2021)

3.2.1 Global Artificial Tears Sales Market Share by Region (2015-2021)

3.2.2 Global Artificial Tears Revenue Market Share by Region (2015-2021)

3.2.3 Global Artificial Tears Sales, Revenue, Price and Gross Margin (2015-2021)

3.3 Global Artificial Tears Market Size Market Share by Region (2021-2027)

3.3.1 Global Artificial Tears Sales Market Share by Region (2021-2027)

3.3.2 Global Artificial Tears Revenue Market Share by Region (2021-2027)

3.3.3 Global Artificial Tears Sales, Revenue, Price and Gross Margin (2021-2027)

3.4 North America Artificial Tears Market Size By Growth (2015-2027)

3.4.1 North America Artificial Tears Revenue By Growth (2015-2027)

3.4.2 North America Artificial Tears Sales By Growth (2015-2027)

3.5 Asia-Pacific Artificial Tears Market Size By Growth (2015-2027)

3.5.1 Asia-Pacific Artificial Tears Revenue By Growth (2015-2027)

3.5.2 Asia-Pacific Artificial Tears Sales By Growth (2015-2027)

3.6 Europe Artificial Tears Market Size By Growth (2015-2027)

3.6.1 Europe Artificial Tears Revenue By Growth (2015-2027)

3.6.2 Europe Artificial Tears Sales By Growth (2015-2027)

3.7 Latin America Artificial Tears Market Size By Growth (2015-2027)

3.7.1 Latin America Artificial Tears Revenue By Growth (2015-2027)

3.7.2 Latin America Artificial Tears Sales By Growth (2015-2027)

3.8 Middle East and Africa Artificial Tears Market Size By Growth (2015-2027)

3.8.1 Middle East and Africa Artificial Tears Revenue By Growth (2015-2027)

3.8.2 Middle East and Africa Artificial Tears Sales By Growth (2015-2027)

4 Global Artificial Tears by Application

4.1 Artificial Tears Segment by Application

4.1.1 Residential

4.1.2 Commercial

4.2 Global Artificial Tears Sales by Application: 2015 VS 2021 VS 2027

4.3 Global Artificial Tears Historic Sales by Application (2015-2021)

4.4 Global Artificial Tears Forecasted Sales by Application (2021-2027)

4.5 Key Regions Artificial Tears Market Size by Application

4.5.1 North America Artificial Tears by Application

4.5.2 Europe Artificial Tears by Application

4.5.3 Asia-Pacific Artificial Tears by Application

4.5.4 Latin America Artificial Tears by Application

4.5.5 Middle East and Africa Artificial Tears by Application

5 North America Artificial Tears Market Size by Country (2015-2027)

5.1 North America Market Size Market Share by Country (2015-2021)

5.1.1 North America Artificial Tears Sales Market Share by Country (2015-2021)

5.1.2 North America Artificial Tears Revenue Market Share by Country (2015-2021)

5.2 North America Market Size Market Share by Country (2021-2027)

5.2.1 North America Artificial Tears Sales Market Share by Country (2021-2027)

5.2.2 North America Artificial Tears Revenue Market Share by Country (2021-2027)

5.3 North America Market Size By Growth by Country

5.3.1 U.S. Artificial Tears Market Size By Growth (2015-2027)

5.3.2 Canada Artificial Tears Market Size By Growth (2015-2027)

6 Europe Artificial Tears Market Size by Country (2015-2027)

6.1 Europe Market Size Market Share by Country (2015-2021)

6.1.1 Europe Artificial Tears Sales Market Share by Country (2015-2021)

6.1.2 Europe Artificial Tears Revenue Market Share by Country (2015-2021)

6.2 Europe Market Size Market Share by Country (2021-2027)

6.2.1 Europe Artificial Tears Sales Market Share by Country (2021-2027)

6.2.2 Europe Artificial Tears Revenue Market Share by Country (2021-2027)

6.3 Europe Market Size By Growth by Country

6.3.1 Germany Artificial Tears Market Size By Growth (2015-2027)

6.3.2 France Artificial Tears Market Size By Growth (2015-2027)

6.3.3 U.K. Artificial Tears Market Size By Growth (2015-2027)

6.3.4 Italy Artificial Tears Market Size By Growth (2015-2027)

6.3.5 Russia Artificial Tears Market Size By Growth (2015-2027)

7 Asia-Pacific Artificial Tears Market Size by Country (2015-2027)

7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)

7.1.1 Asia-Pacific Artificial Tears Sales Market Share by Country (2015-2021)

7.1.2 Asia-Pacific Artificial Tears Revenue Market Share by Country (2015-2021)

7.2 Asia-Pacific Market Size Market Share by Country (2021-2027)

7.2.1 Asia-Pacific Artificial Tears Sales Market Share by Country (2021-2027)

7.2.2 Asia-Pacific Artificial Tears Revenue Market Share by Country (2021-2027)

7.3 Asia-Pacific Market Size By Growth by Country

7.3.1 China Artificial Tears Market Size By Growth (2015-2027)

7.3.2 Japan Artificial Tears Market Size By Growth (2015-2027)

7.3.3 South Korea Artificial Tears Market Size By Growth (2015-2027)

7.3.4 India Artificial Tears Market Size By Growth (2015-2027)

7.3.5 Australia Artificial Tears Market Size By Growth (2015-2027)

7.3.6 Taiwan Artificial Tears Market Size By Growth (2015-2027)

7.3.7 Indonesia Artificial Tears Market Size By Growth (2015-2027)

7.3.8 Thailand Artificial Tears Market Size By Growth (2015-2027)

7.3.9 Malaysia Artificial Tears Market Size By Growth (2015-2027)

7.3.10 Philippines Artificial Tears Market Size By Growth (2015-2027)

Toc Continue…

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