Pune, India -- (SBWIRE) -- 01/16/2020 -- A recent report published by Infinium Global Research on Dry Eye Syndrome Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024. According to the report, the global dry eye syndrome market is projected to grow at a CAGR of 4.8% over the forecast period of 2018-2024.

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Dry Eye Syndrome Market: Insights

Dry eye can be used to describe dryness and inflammation of the cornea. Dry eye occurs when, either the eyes are not able to produce enough tears or when the tears evaporate too quickly. Dry eye syndrome is one of the most common eye disorders around the world and is particularly common in the geriatric demographic. Dry eye syndrome results from the use of contact lens, allergies, pregnancy, vitamin A deficiency, LASIK surgery, and certain medications such as antihistamines, hormone replacement therapy, antidepressants, and others. Symptoms associated with dry eye syndrome include irritation, redness, discharge, and easily fatigued eyes.

Dry Eye Syndrome Market: Drivers and Opportunities

The growth of the dry eye syndrome market is majorly due to a combination of factors such as rising geriatric population around the world, growing prevalence of diabetes and increase awareness among the population concerning dry eye syndrome. However, Dry eye syndrome is likely to be ignored by many patients, since the inconvenience caused by it is not debilitating which affects the market growth. The rising awareness about the dry eye syndrome diagnosis & treatment can result in a number of patients proactively trying to cure the disease that may create lucrative opportunities for market growth.

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Dry Eye Syndrome Market: Regional Insights

The dry eye syndrome market is influenced mainly by the North America region in 2017. The high prevalence of lifestyle disorders that increases the chances of contracting dry eye syndrome in this region is a major driver for the North America dry eye syndrome market. Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to growing healthcare infrastructure facilities and increasing population that is likely to increase the chance of people getting affected with dry eye syndrome.

Dry Eye Syndrome Market: Segmentation

The report on the global dry eye syndrome market covers segments such as drugs and products. On the basis of drug the global dry eye syndrome market is categorized into lubricant eye drops, anti-inflammatory drugs, and autologous serum eye drops. On the basis of product, the global dry eye syndrome market is categorized into liquid drops, gel, liquid wipes, eye ointment, and others.

Dry Eye Syndrome Market: Competitive Landscapes

The report provides profiles of the companies in the global dry eye syndrome market such as Novartis AG, Allergan Plc, Otsuka Holdings Co, Santen Pharmaceutical Co.Ltd, Nicox S.A., Auven Therapeutics, Akorn, Inc., Bausch & Lomb Incorporated, Alimera Science and GlaxoSmithKline Plc.

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