Asia Pacific 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)

TIPRE00023486 | Pages: 137 | Pharmaceuticals | Jul 2021 | Type: Regional | Status: Published

Market Introduction

Artificial tears are lubricant eye drops used for treating the irritation and dryness associated with the deficiency in tear production in dry eyes or keratoconjunctivitis sicca. These are also used for moistening contact lenses and during eye check-ups and examinations. The rapidly growing aging population is primarily contributing to the growth of the artificial tears market. Aging makes people more susceptible to eye conditions such as dry eye, resulting in high demand for artificial tears. Also, increasing number of eye surgeries and post eye surgery management is further boosting the growth of the artificial tears market.

Thus, a growing older population is expected to create a significant demand for artificial tears in the coming years, which is further anticipated to drive the artificial tears market.

Countries in the Asia Pacific are facing challenges due to increasing incidences of COVID-19. People are packing India’s public Dry Eyes Treatment, as many are unable to afford private ones that generally uphold higher standards of care. The outbreak has severely affected the tourism industry and imposed supply chain disruptions; moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure. Restrictive measures have been put forth in South Korea, Malaysia, Singapore, the Philippines, and India to prevent disease transmission. In November 2020, NovaBay Pharmaceuticals, Inc., a pharmaceutical company focusing on commercializing Avenova for the eye care market, announced the signing of an agreement with Paragon Care Group Australia Pty Ltd for the exclusive distribution of Avenova in Australia. Paragon Care Group will begin distributing Avenova directly to consumers under its Designs for Vision brand beginning in early 2021. Avenova the best product to treat the chronic bacterial infections that affect approximately 85% of all dry eye sufferers. Thus, artificial tears market is moderately impacted due to COVID -19.

 


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Market Overview and Dynamics

The Artificial tears market in Asia Pacific is expected to grow from US$ 341.2 million in 2021 to US$ 549.5 million by 2028; it is estimated to grow at a CAGR of 6.3% 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, 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.

 

Key Market Segments

In terms of type, the glycerin derived tears segment accounted for the largest share of the Asia Pacific artificial tears market in 2020. In terms of delivery mode, the eye drops segment accounted for the largest share of the Asia Pacific artificial tears market in 2020. In terms of application, the dry eyes treatment segment held a larger market share of the artificial tears market in 2020.

 

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Artificial tears market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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 Aurolab.

 

Reasons to buy report

  • To understand the Asia Pacific Artificial tears market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific Artificial tears market
  • Efficiently plan M&A and partnership deals in Asia Pacific Artificial tears market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific Artificial tears market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

 

ASIA PACIFIC ARTIFICIAL TEARS MARKET SEGMENTATION

By Type

  • 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
  • Ointments

 

 

By Application

  • Dry Eyes Treatment
  • Contact Lenses Moisture

 

By Country

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific

 

Companies Mentioned

  1. Johnson and Johnson Services, Inc.
  2. Alcon Inc.
  3. OASIS Medical
  4. AbbVie Inc.
  5. Bayer AG
  6. Prestige Consumer Healthcare Inc.
  7. Santen Pharmaceutical Co., Ltd.
  8. Bausch Health Companies Inc.
  9. Aurolab

 

 

 

1.           Introduction

1.1          Scope of the Study

1.2          The Insight Partners Research Report Guidance

1.3          Market Segmentation

1.3.1          Artificial Tears Market – By Type

1.3.2          Artificial Tears Market – By Delivery Mode

1.3.3          Artificial Tears Market – By Application

1.3.4          Asia Pacific Artificial tears Market – By Country

2.           Asia Pacific Artificial Tears Market – Key Takeaways

3.           Research Methodology

3.1          Coverage

3.2          Secondary Research

3.3          Primary Research

4.           Asia Pacific Artificial Tears Market – Market Landscape

4.1          Overview

4.2          PEST Analysis

4.2.1          Artificial Tears Market- Asia Pacific PEST Analysis

4.3          Expert Opinion

5.           Asia Pacific Artificial Tears Market - Key Market Dynamics

5.1          Market Drivers

5.1.1          Rising Incidence of Dry Eye

5.1.2          Growing Older Population

5.2          Market Restraints

5.2.1          Poor Accessibility to Eye Care Services in Low-Income Countries

5.3          Market Opportunities

5.3.1          Increasing Number of Industrial Developments

5.4          Future Trends

5.4.1          Changes in Lifestyle

5.5          Impact Analysis

6.           Artificial Tears Market – Asia Pacific Analysis

6.1          Asia Pacific Artificial Tears Market Revenue Forecasts and Analysis

7.           Asia Pacific Artificial Tears Market Analysis and Forecasts To 2028 – By Type

7.1          Overview

7.2          Artificial Tears Market Revenue Share, by Type (2020 and 2028)

7.3          Cellulose Derived Tears

7.3.1          Overview

7.3.2          Cellulose Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.4          Glycerin Derived Tears

7.4.1          Overview

7.4.2          Glycerin Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.5          Oil-based Emulsion Tears

7.5.1          Overview

7.5.2          Oil-based Emulsion Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.6          Polyethylene Glycol Based Tears

7.6.1          Overview

7.6.2          Polyethylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.7          Propylene Glycol Based Tears

7.7.1          Overview

7.7.2          Propylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.8          Sodium Hyaluronate Based Artificial Tears

7.8.1          Overview

7.8.2          Sodium Hyaluronate Based Artificial Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

8.           Asia Pacific Artificial Tears Market Analysis and Forecasts To 2028 – By Delivery Mode

8.1          Overview

8.2          Artificial Tears Market Revenue Share, by Delivery Mode (2020 and 2028)

8.3          Eye Drops

8.3.1          Overview

8.3.2          Eye Drops: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

8.4          Ointments

8.4.1          Overview

8.4.2          Ointments: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

9.           Asia Pacific Artificial Tears Market Analysis and Forecasts to 2028– By Application

9.1          Overview

9.2          Artificial Tears Market Share, by Application, 2020 and 2028, (%)

9.3          Dry Eyes Treatment

9.3.1          Overview

9.3.2          Dry Eyes Treatment: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

9.4          Contact Lenses Moisture

9.4.1          Overview

9.4.2          Contact Lenses Moisture: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

10.        Artificial Tears Market Revenue and Forecasts to 2028 – Geographical Analysis

10.1        Asia Pacific: Artificial Tears Market

10.1.1        Overview

10.1.2        Asia-Pacific: Artificial Tears Market, by Country, 2020 & 2028 (%)

10.1.2.1          China: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.1.1           China: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.1.2           China: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.2.1.3           China: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.2.1.4           China: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.1.2.2          Japan: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.2.1           Japan: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.2.2           Japan: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.2.2.3           Japan: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.2.2.4           Japan: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.1.2.3          India: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.3.1           India: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.3.2           India: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.2.3.3           India: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.2.3.4           India: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.1.2.4          Australia: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.4.1           Australia: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.4.2           Australia: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.2.4.3           Australia: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.2.4.4           Australia: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.1.2.5          South Korea: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.5.1           South Korea: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.5.2           South Korea: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.2.5.3           South Korea: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.2.5.4           South Korea: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.1.2.6          Rest of Asia-Pacific: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.6.1           Rest of Asia-Pacific: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.6.2           Rest of Asia-Pacific: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.2.6.3           Rest of Asia-Pacific: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.2.6.4           Rest of Asia-Pacific: Artificial Tears Market, by Application, by Artificial Tears, 2019–2028 (USD Million)

11.        Impact Of COVID-19 Pandemic on Asia Pacific Artificial Tears Market

11.1        Asia Pacific: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1        Overview

12.2        Growth Strategies Done by the Companies in the Market, (%)

12.3        Organic Developments

12.3.1        Overview

12.4        Inorganic Developments

12.4.1        Overview

13.        COMPANY PROFILES

13.1        Johnson and Johnson Services, Inc.

13.1.1        Key Facts

13.1.2        Business Description

13.1.3        Products and Services

13.1.4        Financial Overview

13.1.5        SWOT Analysis

13.1.6        Key Developments

13.2        Alcon Inc.

13.2.1        Key Facts

13.2.2        Business Description

13.2.3        Products and Services

13.2.4        Financial Overview

13.2.5        SWOT Analysis

13.2.6        Key Developments

13.3        OASIS Medical

13.3.1        Key Facts

13.3.2        Business Description

13.3.3        Products and Services

13.3.4        Financial Overview

13.3.5        SWOT Analysis

13.3.6        Key Developments

13.4        Abbvie Inc.

13.4.1        Key Facts

13.4.2        Business Description

13.4.3        Products and Services

13.4.4        Financial Overview

13.4.5        SWOT Analysis

13.4.6        Key Developments

13.5        Bayer AG

13.5.1        Key Facts

13.5.2        Business Description

13.5.3        Products and Services

13.5.4        Financial Overview

13.5.5        SWOT Analysis

13.5.6        Key Developments

13.6        Prestige Consumer Healthcare Inc.

13.6.1        Key Facts

13.6.2        Business Description

13.6.3        Products and Services

13.6.4        Financial Overview

13.6.5        SWOT Analysis

13.6.6        Key Developments

13.7        Santen Pharmaceutical Co., Ltd.

13.7.1        Key Facts

13.7.2        Business Description

13.7.3        Products and Services

13.7.4        Financial Overview

13.7.5        SWOT Analysis

13.7.6        Key Developments

13.8        Bausch Health Companies Inc.

13.8.1        Key Facts

13.8.2        Business Description

13.8.3        Products and Services

13.8.4        Financial Overview

13.8.5        SWOT Analysis

13.8.6        Key Developments

13.9        Aurolab

13.9.1        Key Facts

13.9.2        Business Description

13.9.3        Products and Services

13.9.4        Financial Overview

13.9.5        SWOT Analysis

13.9.6        Key Developments

14.        Appendix

14.1        About the Insight Partners

14.2        Glossary of Terms

 

LIST OF TABLES

Table 1.              China: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 2.              China: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 3.              China: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4.              Japan: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 5.              Japan: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 6.              Japan: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 7.              India: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 8.              India: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 9.              India: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10.            Australia: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 11.            Australia: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 12.            Australia: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 13.            South Korea: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 14.            South Korea: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 15.            South Korea: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 16.            Rest of Asia-Pacific: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 17.            Rest of Asia-Pacific: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 18.            Rest of Asia-Pacific: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 19.            Organic Developments Done by Companies

Table 20.            Inorganic Developments Done by Companies

Table 21.            Glossary of Terms, Artificial Tears Market

 

LIST OF FIGURES

Figure 1.            Artificial Tears Market Segmentation

Figure 2.            Asia Pacific Artificial Tears Market Overview

Figure 3.            Glycerin Derived Tears Segment Held Largest Share of Type in Artificial Tears Market

Figure 4.            Japan is Expected to Show Remarkable Growth During the Forecast Period

Figure 5.            Artificial Tears Market - Asia Pacific PEST Analysis

Figure 6.            Artificial Tears Market Impact Analysis of Driver and Restraints

Figure 7.            Asia Pacific Artificial Tears Market – Revenue Forecasts and Analysis – 2020- 2028

Figure 8.            Artificial Tears Market Revenue Share, by Type (2020 and 2028)

Figure 9.            Cellulose Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.          Glycerin Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.          Oil-based Emulsion Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.          Polyethylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.          Propylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.          Sodium Hyaluronate Based Artificial Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.          Artificial Tears Market Revenue Share, by Delivery Mode (2020 and 2028)

Figure 16.          Eye Drops: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.          Ointments: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.          Artificial Tears Market Share, by Application, 2020 and 2028 (%)

Figure 19.          Dry Eyes Treatment: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.          Contact Lenses Moisture: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.          Asia-Pacific: Artificial Tears Market, by Key Country – Revenue (2020) (USD Million)

Figure 22.          Asia-Pacific: Artificial Tears Market, by Country, 2020 & 2028 (%)

Figure 23.          China: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 24.          Japan: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 25.          India: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 26.          Australia: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 27.          South Korea: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 28.          Rest of Asia-Pacific: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 29.          Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 30.          Growth Strategies Done by the Companies in the Market, (%)

 

 

  1. Johnson and Johnson Services, Inc.
  2. Alcon Inc.
  3. OASIS Medical
  4. AbbVie Inc.
  5. Bayer AG
  6. Prestige Consumer Healthcare Inc.
  7. Santen Pharmaceutical Co., Ltd.
  8. Bausch Health Companies Inc.
  9. Aurolab

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific artificial tears market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific artificial tears market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the artificial tears market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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