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Ophthalmic Eye Dropper Market Size

  • Report ID: GMI8332
  • Published Date: Jul 2024
  • Report Format: PDF

Ophthalmic Eye Dropper Market Size

Ophthalmic Eye Dropper Market size was valued at around USD 14.5 billion in 2023 and is estimated to grow at 6.7% CAGR from 2024 to 2032. Ophthalmic eye dropper is a medical device designed to administer precise amounts of liquid medication directly onto the surface of the eye.

 

These medications can be used for various purposes, such as ocular inflammation treatment, which accounted for USD 7.5 billion in 2023, reducing intraocular pressure in glaucoma, providing lubrication for dry eyes, or delivering medication to alleviate symptoms of allergies.
 

The growing incidence of eye diseases such as glaucoma, age-related macular degeneration, diabetic retinopathy, and dry eye syndrome necessitates ongoing and precise medication management, fueling demand for prescription eye droppers. The increasing prevalence of eye disorders is a pivotal catalyst of the ophthalmic eye droppers market due to their growing need for advanced ophthalmic therapies. For instance, according to a 2023 report by the Tear Film and Ocular Surface Society (TFOS), dry eye affects between 5% to 50% of the global population, with the prevalence increasing significantly in older adults and women.

 

Additionally, the aging global population, which is more susceptible to chronic eye conditions, contributes to the increased need for effective ophthalmic treatments. Technological innovations in packaging, such as user-friendly droppers that ensure accurate dosing and maintain sterility, further boost market growth.

Further, increased awareness and diagnosis of dry eye syndrome due to more routine eye examinations and public health campaigns have expanded the patient base. The availability of a wide range of over-the-counter and prescription products tailored to varying severities of dry eye symptoms also fuels market expansion.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Ophthalmic eye dropper industry size was worth USD 14.5 billion in 2023 and will expand at a 6.7% CAGR between 2024 and 2032, driven by the increasing prevalence of eye disorders.

The preserved multi-dose eye dropper segment achieved USD 7.1 billion in 2023 due to the convenience and cost-effectiveness offered by preserved multi-dose eye droppers for chronic eye conditions.

U.S. ophthalmic eye dropper industry will reach USD 8 billion by 2032, owing to the nation's advanced healthcare infrastructure and high prevalence of eye disorders.

Key players operating in the ophthalmic eye dropper industry are AbbVie Inc., Alcon Inc., AdvaCare Pharma, Bausch Health Companies Inc., Domp

Ophthalmic Eye Dropper Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 274
  • Countries covered: 22
  • Pages: 140
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