Eye Drops and Lubricants Drugs Market Growth, Size, Trends, Revenue, Share and Future Outlook

Eye Drops and Lubricants Drugs Market Size- By Indication, By Type, By Distribution Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Eye Drops and Lubricants Drugs Market Size- By Indication, By Type, By Distribution Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Dec 2023 Report ID: HLCA2379 Pages: 1 - 224 Formats*:     
Category : Healthcare
Eye Drops and Lubricants Drugs Market Introduction and Overview

According to SPER Market Research, the Global Eye Drops and Lubricants Drugs Market is estimated to reach USD 33.47 million by 2033 with CAGR of 5.2%.  

The report includes an in-depth analysis of the Global Eye Drops and Lubricants Drugs Market, including market size and trends, product mix, applications, and supplier analysis. Eye drops are used to treat a variety of eye conditions, including allergies, inflammation, irritation, pain, swelling, and redness, dryness, and infection (pink eye). Hormonal imbalances are among the many illnesses that are being caused by an increase in the working population. Problems with the eyes and vision are also caused by hormone imbalance. Because they are more convenient, less uncomfortable, and effective for a range of eye conditions, eye drops and lubricants come to the rescue.

  • July 2021: Bausch + Lomb announced that Biotrue® Micellar Eyelid Cleansing Wipes and Biotrue® Hydration Boost Lubricant Eye Drops was launched in the United States. The two solutions are designed to reduce symptoms of disease associated with dry, inflamed eyes. They are free of preservatives and infrequently contain organically recommended ingredients.
  • October 2021: Additionally, Allergan, an AbbVie subsidiary, revealed that the FDA had approved Vuity, an eye drop, for the treatment of presbyopia. This might allow millions of people to forgo reading glasses.
Eye Drops and Lubricants Drugs Market
Market Opportunities and Challenges
The market is expanding as a result of the growing use of hormone therapy, which includes hormone eye drops and lubricants. Global postmenopausal women and Sjögren's patients are seeing an increasing incidence of dry eye, which is driving market expansion. Opportunities for the market's expansion are created by the rise in open angle glaucoma therapies supplied through retail pharmacies and the boom in the number of retail pharmacies in developed nations. Furthermore, because retail pharmacies are more conveniently accessible, patients prefer to buy their medications from them.

The expiration of patent protection for well-known drugs used to treat eye conditions and the lack of health insurance in developing nations are expected to limit market expansion. Pricing patterns indicate that during the next few years, market expansion may be constrained by the high cost of product development. The lack of qualified workers will be a barrier to the ophthalmic medicine business, and the side effects of ophthalmic pharmaceuticals could reduce sales. The availability of alternative therapies and the high cost of specialty dry eye solutions with intricate reimbursement scenarios, however, are expected to hinder the market's expansion over the projected period. 

Eye Drops and Lubricants Drugs Market


Market Competitive Landscape
The market participants of the industry concentrate on taking advantage of the current business prospects in the eye drop industry by growing and broadening their market presence and gaining a new clientele. New items are being introduced to the market by market players. Major key players are Bausch Health Companies Inc., Teva Pharmaceutical Industries Ltd. (Israel), EyePoint Pharmaceuticals,Inc, Bayer AG, Novartis AG, Nidek Co Ltd, Prestige Consumer Healthcare Inc. and others.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Indication, By Type, By Distribution Channel, By End-User
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies Covered
Bausch Health Companies Inc., Teva Pharmaceutical Industries Ltd. (Israel), Eye Point Pharmaceuticals, Inc, Bayer AG, Novartis AG, Nidek Co Ltd, Prestige Consumer Healthcare Inc. and others
COVID-19 Impact on Global Eye Drops and Lubricants Drugs Market
COVID-19 has caused an unparalleled worldwide public health emergency that has affected almost all businesses. Its long-term effects are anticipated to have an impact on industry growth in the predicted period. The shift in the healthcare system to handle COVID-19 has resulted in postponed clinical trial results and cancelled drug launches. The eyes serve as a point of contact for direct aerosol inoculation entrance or escape. Furthermore, as hands can come into contact with secretions from tears and potentially spread the virus, patients' hands can also be a point of infection for other patients. Consequently, this will have a big effect on the market for lubricants and eye drops.

Key Target Audience:
  • Eye drop manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to eye drops
  • Market research and consulting firms
Our in-depth analysis of the Eye Drops and Lubricants Drugs Market includes the following segments:
By Indication:
  • Conjunctivitis
  • Dry Eye
  • Glaucoma
  • Refractive Errors
  • By Type:
  • Artificial Tears
  • Antibiotics
  • Hormones
  • By Distribution Channel:
  • Hospital Pharmacy
  • Online Pharmacy
  • Retail Pharmacy
  • By End-User:
  • Homecare
  • Hospitals
  • Specialty Clinics
  • Others
  • Key Topics Covered in the Report:
    • Global Eye Drops and Lubricants Drugs Market Size (FY’2023-FY’2033)
    • Overview of Global Eye Drops and Lubricants Drugs Market
    • Segmentation of Global Eye Drops and Lubricants Drugs Market By Indication (Conjunctivitis, Dry Eye, Glaucoma, Refractive Errors)
    • Segmentation of Global Eye Drops and Lubricants Drugs Market By Type (Antibiotics, Hormones and Artificial Tears)
    • Segmentation of Global Eye Drops and Lubricants Drugs Market By Distribution Channel (Hospital Pharmacy, Online Pharmacy and Retail Pharmacy)
    • Segmentation of Global Eye Drops and Lubricants Drugs Market By End-User (Hospitals, Homecare, Specialty Clinics and Others)
    • Statistical Snap of Global Eye Drops and Lubricants Drugs Market
    • Expansion Analysis of Global Eye Drops and Lubricants Drugs Market
    • Problems and Obstacles in Global Eye Drops and Lubricants Drugs Market
    • Competitive Landscape in the Global Eye Drops and Lubricants Drugs Market
    • Impact of COVID-19 and Demonetization on Global Eye Drops and Lubricants Drugs Market
    • Details on Current Investment in Global Eye Drops and Lubricants Drugs Market
    • Competitive Analysis of Global Eye Drops and Lubricants Drugs Market
    • Prominent Players in the Global Eye Drops and Lubricants Drugs Market
    • SWOT Analysis of Global Eye Drops and Lubricants Drugs Market
    • Fire Alarm and Detection Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Eye Drops and Lubricants Drugs Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Eye Drops and Lubricants Drugs Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Eye Drops and Lubricants Drugs Market

    7. Global Eye Drops and Lubricants Drugs Market, By Indication (USD Million)
    7.1. Global Eye Drops and Lubricants Market Value Share and Forecast, By Indication, 2023-2033
    7.2. Conjunctivitis
    7.3. Dry Eye
    7.4. Glaucoma
    7.5. Refractive Errors
    7.6. Others

    8. Global Eye Drops and Lubricants Drugs Market, By Type (USD Million)
    8.1. Global Eye Drops and Lubricants Market Value Share and Forecast, By Type, 2023-2033
    8.2. Artificial Tears
    8.3. Antibiotics
    8.4. Hormones
    8.5. Others

    9. Global Eye Drops and Lubricants Drugs Market, By Distribution Channel (USD Million)
    9.1. Global Eye Drops and Lubricants Market Value Share and Forecast, By Distribution Channel, 2023-2033
    9.2. Hospital Pharmacy 
    9.3. Online Pharmacy
    9.4. Retail Pharmacy

    10. Global Eye Drops and Lubricants Drugs Market, By End-User (USD Million)
    10.1. Global Eye Drops and Lubricants Market Value Share and Forecast, By End-User, 2023-2033
    10.2. Homecare 
    10.3. Hospitals
    10.4. Specialty Clinics
    10.5. Others

    11. Global Eye Drops and Lubricants Drugs Market Forecast, 2019-2033 (USD Million)
    11.1. Global Eye Drops and Lubricants Drugs Market Size and Market Share

    12. Global Eye Drops and Lubricants Drugs Market, By Indication 2019-2033 (USD Million)
    12.1. Global Eye Drops and Lubricants Drugs Market Size and Market Share By Indication (2019-2026)
    12.2. Global Eye Drops and Lubricants Drugs Market Size and Market Share By Indication (2027-2033)

    13. Global Eye Drops and Lubricants Drugs Market, By Type, 2019-2033 (USD Million)
    13.1. Global Eye Drops and Lubricants Drugs Market Size and Market Share By Type (2019-2026)
    13.2. Global Eye Drops and Lubricants Drugs Market Size and Market Share By Type (2027-2033)

    14. Global Eye Drops and Lubricants Drugs Market, By Distribution Channel , 2019-2033 (USD Million)
    14.1. Global Eye Drops and Lubricants Drugs Market Size and Market Share By Distribution Channel (2019-2026)
    14.2. Global Eye Drops and Lubricants Drugs Market Size and Market Share By Distribution Channel  (2027-2033)

    15. Global Eye Drops and Lubricants Drugs Market, By End-User, 2019-2033 (USD Million)
    15.1. Global Eye Drops and Lubricants Drugs Market Size and Market Share By End-User (2019-2026)
    15.2. Global Eye Drops and Lubricants Drugs Market Size and Market Share By End-User  (2027-2033)

    16. Global Eye Drops and Lubricants Drugs Market, By Region, 2019-2033 (USD Million)
    16.1. Global Eye Drops and Lubricants Drugs Market Size and Market Share By Region (2019-2026)
    16.2. Global Eye Drops and Lubricants Drugs Market Size and Market Share By Region (2027-2033) 
    16.3. Asia-Pacific
    16.3.1. Australia
    16.3.2. China
    16.3.3. India
    16.3.4. Japan
    16.3.5. South Korea
    16.3.6. Rest of Asia-Pacific
    16.4. Europe
    16.4.1. France
    16.4.2. Germany
    16.4.3. Italy
    16.4.4. Spain
    16.4.5. United Kingdom
    16.4.6. Rest of Europe
    16.5. Middle East and Africa
    16.5.1. Kingdom of Saudi Arabia 
    16.5.2. United Arab Emirates
    16.5.3. Rest of Middle East & Africa
    16.6. North America
    16.6.1. Canada
    16.6.2. Mexico
    16.6.3. United States
    16.7. Latin America
    16.7.1. Argentina
    16.7.2. Brazil
    16.7.3. Rest of Latin America

    17. Company Profile
    17.1. Bausch Health Companies Inc.
    17.1.1. Company details
    17.1.2. Financial outlook
    17.1.3. Product summary 
    17.1.4. Recent developments
    17.2. Bayer AG
    17.2.1. Company details
    17.2.2. Financial outlook
    17.2.3. Product summary 
    17.2.4. Recent developments
    17.3. EyePoint Pharmaceuticals,Inc
    17.3.1. Company details
    17.3.2. Financial outlook
    17.3.3. Product summary 
    17.3.4. Recent developments
    17.4. Fera Pharmaceuticals
    17.4.1. Company details
    17.4.2. Financial outlook
    17.4.3. Product summary 
    17.4.4. Recent developments
    17.5. Kubota Vision Inc
    17.5.1. Company details
    17.5.2. Financial outlook
    17.5.3. Product summary 
    17.5.4. Recent developments
    17.6. Novartis AG
    17.6.1. Company details
    17.6.2. Financial outlook
    17.6.3. Product summary 
    17.6.4. Recent developments
    17.7. Nidek Co Ltd
    17.7.1. Company details
    17.7.2. Financial outlook
    17.7.3. Product summary 
    17.7.4. Recent developments
    17.8. Prestige Consumer Healthcare Inc.
    17.8.1. Company details
    17.8.2. Financial outlook
    17.8.3. Product summary 
    17.8.4. Recent developments
    17.9.  Teva Pharmaceutical Industries Ltd.
    17.9.1. Company details
    17.9.2. Financial outlook
    17.9.3. Product summary 
    17.9.4. Recent developments
    17.10. Others
     
    18. List of Abbreviations

    19. Reference Links

    20. Conclusion

    21. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Eye Drops and Lubricants Drugs Market is projected to reach USD 33.47 billion by 2033, growing at a CAGR of 5.2% during the forecast period.
    Eye Drops and Lubricants Drugs Market grew in market size from 2023. The Market is expected to reach USD 33.47 billion by 2033, at a CAGR of 5.2% during the forecast period.
    Eye Drops and Lubricants Drugs Market CAGR of 5.2% during the forecast period.
    Eye Drops and Lubricants Drugs Market size is USD 33.47 billion from 2023 to 2033.
    Eye Drops and Lubricants Drugs Market Segment is Covered By Indication, By Type, By Distribution Channel, By End-User
    The North America region is anticipated to have the highest market share in Eye Drops and Lubricants Drugs Market.
    The key players in the market include Companies Covered Bausch Health Companies Inc., Teva Pharmaceutical Industries Ltd. (Israel), EyePoint Pharmaceuticals,Inc, Bayer AG, Novartis AG, Nidek Co Ltd, Prestige Consumer Healthcare Inc. and others
    Eye drops are used to treat a variety of eye conditions, including allergies, inflammation, irritation, pain, swelling, and redness, dryness, and infection (pink eye).
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