Europe Artificial Tears Market

Market Introduction

Artificial tears are lubricant eye drops used for treating the irritation and dryness associated with the deficiency in tear production in dry eyes or keratoconjunctivitis sicca. These are also used for moistening contact lenses and during eye check-ups and examinations. The rapidly growing aging population is primarily contributing to the growth of the artificial tears market. Aging makes people more susceptible to eye conditions such as dry eye, resulting in high demand for artificial tears. Also, increasing number of eye surgeries and post eye surgery management is further boosting the growth of the artificial tears market.

Thus, a growing older population is expected to create a significant demand for artificial tears in the coming years, which is further anticipated to drive the artificial tears market.

More time indoors with the central heating on and staring at a screen for long periods are both factors that are thought to have led to an increase of Dry Eye Syndrome in the COVID-19 pandemic. According to studies, one in every four persons in the UK (about 13 million adults) suffers from Dry Eye, a condition that causes red, itchy, and fatigued eyes. Eye strain, another eye issue that has become more widespread in line with an increase in time spent staring at screens, can exacerbate these symptoms. Excessive screen time or failing to give one’s eyes regular rests are two prominent causes - and one only needs to look at some of the statistics to understand how the strain of ‘virtual living' is affecting one’s eyes. According to research, UK adults purchased up to 21 million new digital devices during the lockdown, including TVs, games consoles, and laptops, with another study by Zen Internet finding that internet usage in the UK surged by 78% year-on-year in 2020.Other known causes of Dry Eye include prolonged exposure to air conditioning or heating, long-term contact lens wear, and as a side effect of some drugs. Hormone abnormalities may also be to reason. Women going through perimenopause and menopause may find that their eyes become dryer, which is connected to hormonal changes caused by estrogen levels dropping. These factors had a potential impact on the Europe artificial tears market.

Europe Artificial Tears Strategic Insights

Strategic insights for the Europe Artificial Tears provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Artificial Tears Report Scope

Europe Artificial Tears Regional Insights

The geographic scope of the Europe Artificial Tears refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Artificial tears market in Europe is expected to grow from US$ 546.0 million in 2021 to US$ 816.9 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028. The incidence of dry eye is rising among population, especially in developed nations. Dry eye is caused by multiple factors that result in discomfort, irritation, and visual disturbance. Additionally, the prevalence was 18.6% among older people. Based on sex, the percentage of prevalence was higher in women; it accounted for 8.8% than men with 4.5%. The dry eye incidence is higher among the population in the European regions. Artificial tears drop provide moisture and relief for dry eyes. Thus, the increasing prevalence of dry eye is expected to drive the artificial tears market.

Key Market Segments

In terms of type, the glycerin derived tears segment accounted for the largest share of the Europe artificial tears market in 2020. In terms of delivery mode, the eye drops segment accounted for the largest share of the Europe artificial tears market in 2020. In terms of application, the dry eyes treatment segment held a larger market share of the artificial tears market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Artificial tears market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Johnson and Johnson Services, Inc.

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Reasons to buy report

• To understand the Europe Artificial tears market landscape and identify market segments that are most likely to guarantee a strong return
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe Artificial tears market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

EUROPE ARTIFICIAL TEARS MARKET SEGMENTATION

By Type

• Glycerin Derived Tears
• Cellulose Derived Tears
• Oil-based Emulsion Tears
• Polythylene Glycol Based Tears
• Sodium Hyaluronate Based Artificial Tears
• Propylene Glycol Based Tears

By Delivery Mode

• Eye Drops
• Ointments

By Application

• Dry Eyes Treatment
• Contact Lenses Moisture

By Country

• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Companies Mentioned

1. Johnson and Johnson Services, Inc.
2. Alcon Inc.
3. OASIS Medical
4. AbbVie Inc.
5. Bayer AG
6. Prestige Consumer Healthcare Inc.
7. Santen Pharmaceutical Co., Ltd.
8. Bausch Health Companies Inc.