Dry Eye Sector Evolution: Products, Treatment Strategies and Emerging Industry Trends

What are the current products and treatment strategies in the market?

The market space dedicated to combating dry eye syndrome spans multiple product types and treatment strategies. They include artificial tears, lubricant eye ointments, and punctal plugs, as well as prescription drugs and supplements rich in Omega-3 fatty acids. Distinct market players also offer technologies such as Intense Pulsed Light (IPL) therapy and Low-Level Light Therapy (LLLT).

How is the industry evolving?

The dry eye market evolves in the direction of diversifying treatment methods and improving the quality of existing ones. On the one hand, there’s a discernible trend towards developing advanced drug formulations and improving device technologies. On the other hand, the industry leans towards personalized treatment due to the disorder's multifactorial nature, including age, gender, lifestyle, and environmental factors, among others. Thus, the movement towards precision medicine is conspicuous.

What are the emerging industry trends?

Even though dry eye syndrome is associated with a wide array of factors and diversified market solutions, its prevalence is increasing globally, fuelling the demand for more effective solutions. Concurrently, major players view it as an incentive to invest in clinical trials for new drugs and devices. Additionally, the upsurge in the aging demographic, coupled with increased screen time due to the proliferation of digital devices, accelerates this demand, catapulting market players to innovate. Similarly, partnerships and acquisitions have also characterized the industry landscape as companies seek to expand their product portfolios and market reach.