A significant rise in the demand for contact lenses for dry eye diseases is one of the major factors contributing to the growth of the global dry eye disease market. Multifocal contact lenses, coloured contact lenses, and contact lens for myopia and hypermetropia are some of the wide variety of contact lenses available in the global market. However, there are certain side-effects allied with contact lenses such as eye dryness, eye pain, photophobia, and excessive tearing, among others. Dry eye syndrome is becoming the most prevalent condition among the contact-lens wearers. An increase in the usage of laptops and smartphones along with the sedentary lifestyle are some of the factors that lead to eye-related diseases and disorders.
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In order to prevent the patients from dry eyes syndrome which may be caused due to the use of contact lenses, the artificial tears are being recommended for use with the contact lenses. As the demand for contact lenses increases due to favourable government complementary medical insurance policies, the growth of the dry eye disease market is also expected to augment during the forecast period. Artificial eye drops are lubricant eye drops used for the treatment of dryness and irritation of eyes. It may be associated with deficient tear production in keratoconjunctivitis Sicca (dry eyes). They are used to moisten contact lenses and in eye examinations. Artificial tears are available over the counter and supplemented with other treatments in moderate to severe forms of dry eyes. They are the first line of treatment for dry eyes.
According to the American Optometric Association (AOA), around 45 million Americans wear contact lenses and around 24.4% of young adults between the ages of 18 and 24 wear contact lenses in the US. The number of people with visual impairment or blindness in the US is expected to double to more than 8 million by 2050, as per the projections based on the most recent census data and from studies funded by the National Eye Institute, part of the National Institutes of Health. This demonstrates increasing awareness among people for contact lenses, which is expected to create positive growth opportunities for the dry eye disease market in the region.
The use of contact lenses may cause irritation to the surface of the eye that may result in improper functioning due to tear film break up. Moreover, it can also reduce the amount of oxygen to the eye that can harm corneal tissue and result in dry-eye syndrome. Hence, artificial tears as lubricant eye drops are used by the contact lens wearers to alleviate dry-eye symptoms. Hence, rising demand for contact lens among different age groups people leads to the adoption of artificial tears and enabling the market to grow further in the country.
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Global Dry Eye Disease Market- Segmentation
By Type
· Aqueous
· Evaporative
By Treatment
· Anti-Inflammatory Drugs
· Artificial Tears
· Punctal Plug
· Secretagogue
Global Dry Eye Disease Market– Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
Company Profiles
· AFT Pharmaceuticals
· Akorn, Inc. (Fresenius SE & Co. KGaA)
· Allergan PLC
· Bausch Health Companies, Inc.
· Beaver-Visitec International Holdings, Inc.
· FCI Ophthalmics
· I-MED Pharma, Inc.
· Johnson & Johnson Vision Care, Inc.
· Medennium, Inc.
· Novaliq GmbH
· Novartis AG
· OASIS Medical, Inc.
· Otsuka Pharmaceutical Co., Ltd.
· Pfizer, Inc.
· Rohto Pharmaceutical Co., Ltd.
· Santen Pharmaceutical Co., Ltd.
· Scope Ophthalmics, Ltd.
· Sentiss Pharma Pvt. Ltd.
· Sun Pharmaceutical Industries, Ltd.
· URSAPHARM Arzneimittel GmbH
· VISUfarma
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