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EUROPE OTC ARTIFICIAL TEARS MARKET FORECAST 2021-2028

EUROPE OTC ARTIFICIAL TEARS MARKET FORECAST 2021-2028

  • August 2021
  • ID: 6128339
  • Format: PDF
  • Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The Europe OTC artificial tears market is evaluated to record a CAGR of 4.78% during the projected period of 2021 to 2028. The market growth of the region is primarily ascribed to the surging geriatric population, the increasing prevalence of cataract surgeries, and growing technological advancements in the field of ophthalmology.

MARKET INSIGHTS
The Europe OTC artificial tears market growth assessment entails the analysis of Italy, the United Kingdom, Poland, France, Belgium, Russia, Germany, and the rest of Europe. More than 1.8 million people in Belgium suffer from dry eye disease. In this regard, the ongoing developments in the country are set to propel the country’s market growth over the upcoming years. For instance, I-MED Pharma Inc, a Canada-based firm specializing in dry eye diagnosis as well as management, announced signing an exclusive agreement with Simovision for distribution rights for its patented I-PEN Tear Osmolarity System in 2018. Moreover, according to the World Health Organization (WHO), health expenditure in Belgium has considerably increased in the last 20 years and has stabilized approximately 10% of gross domestic product (GDP) since 2009.
Similarly, dry eye disease is a common condition in Poland, affecting up to 18% of the total population.The likelihood of the condition’s occurrence is associated with current living conditions and age.

While dry eye disease is typically linked with the tear film’s instability, excessive evaporation of the tear film and insufficient tear production are the two major causes. Thus, these factors are projected to fuel the Europe OTC artificial tears market growth during the forecast years.

COMPETITIVE INSIGHTS
Some of the top firms operating in the market are Novartis AG, Abbvie Inc (Allergan PLC), Johnson & Johnson, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. AKORN INC
2. ALCON INC
3. ALLERGAN PLC (ACQUIRED BY ABBVIE)
4. BAUSCH HEALTH COMPANIES INC
5. JOHNSON & JOHNSON
6. NICOX SA
7. NOVARTIS AG
8. OASIS MEDICAL
9. OCUSOFT INC
10. SANTEN PHARMACEUTICAL CO LTD
11. SENTISS PHARMA PVT LTD
12. SIMILASAN CORPORATION
13. SUN PHARMACEUTICAL INDUSTRIES LTD
14. URSAPHARM ARZNEIMITTEL GMBH
15. VISUFARMA

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