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North America Artificial Tears Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ; Delivery Mode ; Application

North America Artificial Tears Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ; Delivery Mode ; Application

  • July 2021
  • 122 pages
  • ID: 6134712
  • Format: PDF
  • The Insight Partners

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The Artificial tears market in North America is expected to grow from US$ 1,672.6 million in 2021 to US$ 2,392.8 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The incidence of dry eye is commonly seen in people of age 65 and above. The geriatric population is increasing rapidly worldwide. According to the 2019 revision of World Population Prospects, by 2050, one in six people would be over age 65, an increase from one in eleven in 2019. Furthermore, according to the same study, one in four people in North America are estimated to be aged over 65 by 2050. Further, the number of people over age 80 would reach 426 million by 2050 from 143 million in 2019. Aging is one of the prominent factors, which weakens eye vision. Various healthcare companies design their products by focusing on geriatric population. As the degeneration process among older people is much faster, they are highly prone to eye conditions. Therefore, the high prevalence of dry eye among older population is likely to encourage manufacturers to introduce new eye products in the market, which, in turn, will contribute to the growth of the market. Also, the development in the healthcare industry has increased life expectancy. Countries across the world are adopting new techniques to treat older people safely and effectively. Therefore, the increased quality of life is decreasing the death rates, and the older population is significantly growing all over the world. This is expected to boost the growth of the market.
The market for Artificial tears market is segmented into type, delivery mode, and application.Based on type, the artificial tears market is segmented into glycerin derived tears, cellulose derived tears, oil-based emulsion tears, polythylene glycol-based tears, sodium hyaluronate based artificial tears, and propylene glycol-based tears.

In 2020, glycerin derived tears segment accounted for the largest share of the market owing to their easy availability and ability to keep eyes moist for long.Glycerin is a humectant, as well as a demulcent and lubricant.

Glycerin also has the benefit of promoting epithelial cell growth and reducing the harmful effects of high osmolarity on the ocular surface. Povidone is a lipid that binds to the tear film’s existing oil layer, thickening it and reducing evaporation.
Several measures are being taken to treat the disease and prevent transmission; however, the exorbitant number of COVID- 19 cases has resulted in the cancellation of the doctor’s appointment.With COVID-19 continuing to spread all over the world, researchers are looking into numerous options for possible treatment, including existing options.

In July 2020, Alcon, the global leader in eye care dedicated to helping people see brilliantly, announced the findings of a new survey, coincide with Dry Eye Awareness Month.The survey of 1,005 nationally representative US adults, conducted by research firm Ipsos, reveals the influence of the COVID-19 pandemic on consumers’ screen time and how it affects their perceptions of eye health.

According to the survey Nearly 80% of Americans reported their screen time increased during the COVID-19 pandemic.Three out of five (60%) people who have increased their screen time are concerned about the impact on their eyes.

Nearly half (45%) of individuals who spend more time in front of the screen say it makes their eyes dry. These factors had a potential impact on the North America artificial tears market.
The overall North America Artificial tears market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the North America Artificial tears market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America Artificial tears market. Johnson and Johnson Services, Inc., Alcon Inc., OASIS Medical, AbbVie Inc., Bayer AG, Prestige Consumer Healthcare Inc., Santen Pharmaceutical Co., Ltd., Bausch Health Companies Inc., and Akorn, Incorporated are among a few players operating in the North America Artificial tears market.

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