Dry Eye Medication Market 2020 Research by Experts - Allergan Plc.; Alcon Inc; Bausch Health Companies Inc

Harrisburg, NC -- (SBWire) -- 10/20/2020 --Dry Eye Medication Global Market Opportunities And Strategies To 2030: COVID 19 Impact and Recovery

The dry eye medication market is segmented by type of product into aqueous, evaporative and aqueous and evaporative. The aqueous and evaporative market was the largest segment of the dry eye medication market, accounting for $3,071 billion or 82% of the total in 2019. The evaporative market is expected to be the fastest-growing segment going forward at a CAGR of 7.5%.

Growth in the historic period resulted from an aging population, a rising number of contact lens users, and increase in disposable income, increase in number of treatment options and an increased number of allergies. Factors that negatively affected growth in the historic period were low healthcare access and a lack of awareness of the dry eye medication products amongst the common population.

Going forward, rising laser surgeries, rising screen time, busy lifestyles, the increasing burden of diabetes, increase in prevalence of dry eye disease, promising pipeline for dry eye disease and side effects of other medications will drive growth. Factors that could hinder the growth of the dry eye medication market in the future include long and costly drug approvals, stringent rules and regulations and disruption in the supply chain of drugs related to dry eyes due to the impact of covid-19.

The global dry eye medication market is expected to decline from $3,727.5 million in 2019 to $2919.9 million in 2020 at a compound annual growth rate (CAGR) of -22%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6.5% from 2021 and reach $5,047.9 million in 2023. The market is expected to grow at a CAGR of 7.1% to nearly $5,794.7 million by 2025, and at a CAGR of 6.9% to $8,078.4 billion by 2030.

Top Leading Companies mentioned are

Allergan Plc.; Alcon Inc; Bausch Health Companies Inc.; Novartis AG; Otsuka Holdings Co, Ltd

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The outbreak of coronavirus has caused a shortage in the supply of essential eye medications for the treatment of dry eyes. This is because the COVID-19 pandemic created disruption in the global pharmaceutical supply chain which is heavily dependent on China. The main raw materials in the drug production are manufactured in China and are exported to other parts of the world after making the final drug. This has resulted in pharmacies and wholesalers reporting many drugs being out of stock. Owing to the shortage of medications, governments are advising pharmacists to limit the dispensing of certain dry eye prescription medicines such as chloramphenicol (an antibiotic for conjunctivitis) eye drops and ointments to a one-month supply according to the prescribed dose. Also, pharmacists are recommended to sell certain over the counter medicines (OTC) to a maximum of one unit per purchase due the concern on the significant health impacts on the patients that can be caused due to the shortage of medicines during this pandemic.

Markets Covered:

1) By Type: Aqueous; Evaporative; Aqueous And Evaporative;

Essential points covered in Global Dry Eye Medication Market2020 Research are:-

What will the market size and the growth rate be in 2020?
What are the key factors driving the global Dry Eye Medication market?
What are the key markets trends impacting the growth of the global Dry Eye Medication market?
What are the challenges to market growth?
Who are the key vendors in the global Dry Eye Medication market?
What are the market opportunities and threats faced by the vendors in the global Dry Eye Medication market?
What are the key outcomes of the five forces analysis of the global Dry Eye Medication market?

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This independent 300 page report guarantees you will remain better informed than your competition. With over figures examining the Dry Eye Medication market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2020.

Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Dry Eye Medication in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Furthermore, the report provides a detailed analysis of the global Dry Eye Medication market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Dry Eye Medication market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

Reasons for Buying this Report:

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for Dry Eye Medication.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market research findings.
Benchmark performance against key competitors.
Utilize the relationships between key data sets for superior strategizing.
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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Dry Eye Medication on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Dry Eye Medication Market and assist manufacturers and Dry Eye Medication organization to better grasp the development course of Dry Eye Medication Market.

Note: All the reports that we list have been tracking the impact of COVID-19 . Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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