Report : North America Artificial Tears Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cellulose Derived Tears, Glycerin Derived Tears, Oil-based Emulsion Tears, Polythylene Glycol Based Tears, Propylene Glycol Based Tears, and Sodium Hyaluronate Based Artificial Tears); Delivery Mode (Eye Drops, and Ointments); Application (Dry Eyes Treatment, and Contact Lenses Moisture)
Glycerin Derived Tears Segment has the Largest Share of Type in the North America Artificial Tears Market during 2021–2028
According to a new market research study on “North America Artificial Tears Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Delivery Mode, and Application,” is expected to reach US$ 2,392.8 million by 2028 from US$ 1,672.6 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the North America Artificial tears market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the rising incidence of dry eye and the growing older population are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the poor accessibility to eye care services in countries.
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 U.S. 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 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.
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 the leading companies in the North America Artificial tears market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in February 2021, Bausch + Lomb launched Alaway® Preservative Free (ketotifen fumarate ophthalmic solution 0.035%) antihistamine eye drops, the first and only over the counter (OTC) preservative-free antihistamine eye itch relief drop approved by the U.S. Food and Drug Administration.
The report segments the North America Artificial Tears market as follows:
- Glycerin Derived Tears
- Cellulose Derived Tears
- Oil-based Emulsion Tears
- Polythylene Glycol Based Tears
- Sodium Hyaluronate Based Artificial Tears
- Propylene Glycol Based Tears
By Delivery Mode
- Eye Drops
- Dry Eyes Treatment
- Contact Lenses Moisture
- North America
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