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Global Artificial Tears Market Forecast to 2030 - COVID-19 Impact and Analysis by Type (Cellulose Derived Tears, Glycerin Derived Tears, Oil-Based Emulsion Tears, Polyethylene Glycol & Propylene Glycol Based Tears, and Others); Delivery Mode (Eye Drops and Ointments); Application (Dry Eyes Treatment and Contact Lenses Moisture); and Geography

  • Industry : Healthcare, Pharmaceutical, & Medical Devices
  • No. of Pages : 210
  • Report Code : YVHPMD10364

Global Artificial Tears Market Introduction

Artificial tears are lubricating eye drop and ointment that is used to relieve dryness, burning, and irritation of the ocular surface. The rising incidences of dry eyes syndrome (DES) due to several factors such as prolonged exposure to digital displays, protein and vitamin deficiencies, rising pollution levels, climatic changes, etc. are booming the demand for artificial tears across the globe. The rising number of eye surgeries along with the growing geriatric population is led to rising the use of artificial tears drop and ointments, which also boosting the market growth. However, poor accessibility to eye care services and rising concern related to eye drops may restrain the artificial tears market growth. Furthermore, growing awareness about ocular diseases, rising healthcare expenditure, and the escalating number of people wearing contact lens are expected to provide ample growth opportunities for the vendors of the artificial tears market in the near future.

Global Artificial Tears Market Overview

The global artificial tears market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The artificial tears market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global Artificial tears market over the long as well as short period of time. Furthermore, the global artificial tears market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porter’s five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.

Global Artificial Tears Market Insights

The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global artificial tears market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.

Market Mapping

Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the artificial tears market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.

COVID-19 Impact on Global Artificial Tears Market

The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global artificial tears market.

With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:

·        Rapid shifts in top 100 companies across each sector

·        Growth and decline in each sector due to the COVID-19 pandemic

Global Artificial Tears Market Segmentation

Global Artificial Tears Market – by Type

·        Cellulose Derived Tears

·        Glycerin Derived Tears

·        Oil-Based Emulsion Tears

·        Polyethylene Glycol & Propylene Glycol Based Tears

·        Others

Global Artificial Tears Market – by Delivery Mode

·        Eye Drops

·        Ointments

Global Artificial Tears Market – by Application

·        Dry Eyes Treatment

·        Contact Lenses Moisture

Global Artificial Tears Market – by Geography

·        North America

o   US

o   Canada

o   Mexico

·        Europe

o   Germany

o   France

o   Italy

o   UK

o   Russia

o   Spain

o   Netherlands

o   Rest of Europe

·        Asia-Pacific (APAC)

o   China

o   India

o   South Korea

o   Japan

o   Australia

o   Singapore

o   Rest of APAC

·        LAMEA

o   Latin America

o   Middle East

o   Africa

Key Players

1.      AbbVie Inc.

2.      AFT Pharmaceuticals 

3.      Akorn, Incorporated

4.      Alcon Inc

5.      Aurolab

6.      Bausch & Lomb Incorporated

7.      Bayer AG

8.      Johnson & Johnson Vision Care, Inc.

9.      OASIS Medical

10.   OCuSOFT Inc.

11.   Prestige Consumer Healthcare Inc.

12.   Santen Pharmaceutical Co., Ltd.

13.   Similasan Corporation

14.   URSAPHARM Arzneimittel GmbH

15.   VISUfarma

Brand Recall

Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the artificial tears market.

Key Questions Answered

·        Which region provides more business opportunities for the global artificial tears market in the upcoming years?

·        Who is the leading overall artificial tears market, and what strategies have been adopted by them?

·        Which segment accounted for the largest artificial tears market share?

·        What are the upcoming trends in the global artificial tears market? What impact would these trends make in the coming years for the artificial tears market?

·        Which player offering the best product range for the global artificial tears market?

Key Benefits for Stakeholders

·        This study presents the analytical description of the artificial tears market analysis along with the current trends and future estimations to describe coming up investment pockets

·        The complete artificial tears market opportunity is resolute by knowing profitable trends to gain a stronger foothold

·        The report describes insights associated with key drivers, restraints, opportunities, and trends of the global artificial tears market with thorough impact analysis

·        The global artificial tears market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability

·        PEST analysis defines the potency of the consumers and suppliers in the global artificial tears market

·        Porter’s five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global artificial tears market

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