OTC Artificial Tears Market analysis covering size, share, growth, trends and upcoming opportunities
The OTC Artificial Tears Market earned $4.37 Billion in 2020 and is expected to reach $6.39 Billion by 2028, growing at a CAGR of 4.9% from 2021 to 2028.
PORTLAND, OREGON, USA, January 12, 2022 /EINPresswire.com/ — Increasing prevalence of eye diseases such as dry eye syndrome and allergic conjunctivitis, increasing demand for artificial tear products, and increasing investment in R&D activities by various Healthcare companies are driving the growth of the global over-the-counter artificial tears market.
However, side effects such as blurred vision, redness around the eyes, and skin rashes are hampering the growth of the market. On the other hand, the increase in the number of eye surgeries, increased awareness of the management of dry eye syndrome, and government initiatives for the development and production of different new over-the-counter artificial tears present new opportunities. in the years to come.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Key players in the global over-the-counter artificial tears market analyzed in the research include AbbVie, Inc., Alcon, Akorn, Inc., Johnson & Johnson, Bausch & Lomb, Santen Pharmaceutical Co. Ltd., Ocusoft, Sun Pharmaceutical Industries Limited , Similasan Corporation. , and Ursapharm Arzneimittel GmbH.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/11708
• Disrupted supply chain due to government-imposed lockdowns in various countries. This has resulted in a shortage of some medical products to distribute. However, governments have granted relief to medical products during the pandemic, which in turn is expected to improve the market outlook.
• The availability of over-the-counter (OTC) products such as artificial tears has also contributed to rapid expansion. Moreover, online pharmacies have again met the demand during the pandemic.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/11708
Based on product type, the solutions segment held the highest market share, accounting for around two-fifths of the total share in 2020, and is expected to maintain its leading position during the forecast period. However, the gels segment is estimated to register the highest CAGR of 5.4% from 2021 to 2028.
Based on container type, the plastic multi-dose container segment accounted for the largest market share in 2020, contributing more than two-fifths of the global over-the-counter artificial tears market, and is expected to maintain its leading status during of the forecast period. Moreover, this segment is expected to witness the highest CAGR of 5.2% from 2021 to 2028.
Based on region, North America contributed the largest market share in 2019, holding more than a third of the total share, and is expected to retain its dominating share in terms of revenue by 2028. However, Asia-Pacific is estimated to account for the highest CAGR of 6.0% during the forecast period.
𝗚𝗲𝘁 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/otc-artificial-tears-market-A11343
𝐔𝐩 𝐔𝐩 25% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐭𝐡𝐞 𝐭𝐡𝐞 𝐭𝐡𝐞 𝐭𝐡𝐞 𝐭𝐡𝐞 𝐭𝐡𝐞 𝐭𝐡𝐞 2022.
𝐀𝐕𝐄𝐍𝐔𝐄- 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐁𝐚𝐬𝐞𝐝 𝐋𝐢𝐛𝐫𝐚𝐫𝐲 (𝐏𝐫𝐞𝐦𝐢𝐮𝐦-𝐝𝐞𝐦𝐚𝐧𝐝, 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐛𝐚𝐬𝐞𝐝 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐦𝐨𝐝𝐞𝐥) 𝐎𝐟𝐟𝐞𝐫𝐞𝐝 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭:
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