As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
North America holds a significant share of the overall dry eye disease industry owing to the increasing prevalence of dry eye disease in the region. Moreover, the robust healthcare sector is leading to a surge in the awareness of dry eye disease treatment, which is augmenting the market growth. The increasing research and development (R&D) activities initiated by various companies to develop innovative treatments of dry eye disease are significantly contributing to the industry growth. In addition, the increasing exposure to screens in the United States and Canada is surging the incidents of dry eye disease, which is fuelling the growth of the regional market. Apart from this, the Asia Pacific region is witnessing robust growth owing to the high prevalence of dry eye disease in countries such as Japan, which is augmenting the market growth. In addition, the increasing healthcare accessibility is providing further impetus to the market growth.
AbbVie Inc. (NYSE; ABBV), one of the leading companies in the market, launched REFRESH REPAIR Lubricant Eye Drops, the new over-the-counter (OTC) artificial tear formulation, in July 2018. The product is the first artificial tear in the United States formulated with carboxymethylcellulose (CMC), hydraulic acid, and osmoprotectants. The tears are designed to repair and protect the eyes from the harmful effects of dry eye while improving the clarity of vision. It offers additional options to tailor therapy while adhering to the specific needs of their patients. It also provides improved comfort for patients with dry eye to safeguard the health of epithelial cells and hyperosmotic stress. The development of such products for the treatment of dry eyes is expected to propel the market growth of dry eye disease treatment.
Market Analysis by Product, Distribution Channel, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global dry eye disease treatment market are AbbVie Inc., Bausch and Lomb Incorporated, Johnson & Johnson Services, Inc., Santen Pharmaceutical Co., Ltd, and OASIS Medical, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.