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Demulcent Eye Drops Market Size

Report ID: GMI5351
Published Date: Sep 2022
Report Format: PDF

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Demulcent Eye Drops Market Size

Demulcent Eye Drops Market size was worth more than USD 1.8 billion in 2021 and is expected to grow at a CAGR of more than 6% through 2030. Easy product accessibility and increased availability will push industry growth.

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Growing cases of various eye disorders across the world is the primary factor propelling the market expansion. Recent data reveals that dry eye disease (DED) affects around 5% adult Americans. Notably, DED leads to numerous complications such as microaneurysm, optic nerve injury, and retinal thickness. Increase in instances of dry eye disease is one of the main factors that will boost demand for demulcent eye drops. Additionally, higher pervasiveness of ocular ailments across developing nations, especially among geriatric population will augment the demulcent eye drops market outlook.

Demulcent Eye Drops Market Report Attributes
Report Attribute	Details
Base Year:	2021
Demulcent Eye Drops Market Size in 2021:	USD 1.8 Billion
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	6%
2030 Value Projection:	USD 3 Billion
Historical Data for:	2017 to 2021
No. of Pages:	240
Tables, Charts & Figures:	238
Segments covered:	Active Pharmaceutical Ingredient Type, Drug Formulation, Medication Type, Distribution Channel, and Region
Growth Drivers:	Surge in the prevalence of eye diseases across the globe Innovative product launches due to advancements in technology Growing awareness regarding eye diseases among population base
Pitfalls & Challenges:	Side-effects associated with demulcent eye drops solutions Numerous challenges encountered during treatment of various eye diseases

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market size for demulcent eye drop was valued at over USD 1.8 billion in 2021 and is predicted to rise at a CAGR of over 6% through 2030, owing to an increase in the incidence rate of eye ailments worldwide.

The polyols segment was valued over USD 550 million in 2021 and will exhibit a significant growth during the forecast period, owing to its usage for treatment of digital eye strain, retinal diseases, and other eye conditions.

The non-preservative-based formulation segment held a sizable market share in 2021 and is projected to surpass USD 1 billion by 2030, owing to its increasing usage resulting from growing awareness of the eye-health risks caused by preservatives.

Top enterprises such as Johnson and Johnson Services Inc., Alcon Inc., OASIS Medical, Allegan (AbbVie Inc.), Prestige Consumer Healthcare Inc., Santen Pharmaceutical Co. Ltd., Bausch Health Companies Inc., Aurolab, and others form the competitive landscape of the global demulcent eye drops market.