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.
The COVID-19 pandemic has become the most significant challenge in the region. This challenge would be particularly frightening for the region's fragile and conflict-torn states, such as Iraq, Sudan, Israel, and Yemen, because it will result in reduced imports due to global trade disruptions, which will exacerbate shortages of medical supplies and other goods, resulting in significant price rises. However, the artificial tears market in this pandemic is on rising as increasing incidence of dry eye syndrome (DES). This syndrome is basically triggered by the forces such as prolonged exposure to digital displays due to work from home polices, online meetings, online schooling, and entertainment in the lockdown situation.
Market Overview and Dynamics
The Artificial tears market in Middle East and Africa is expected to grow from US$ 53.4 million in 2021 to US$ 72.1 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The incidence of dry eye is rising among population, especially in developed nations. Dry eye is caused by multiple factors that result in discomfort, irritation, and visual disturbance. Additionally, the prevalence was 18.6% among older people. The Middle East & Africa also has an increasing prevalence of dry eye due aging population and environmental conditions. According to an article published in 2019 by the Department of Research, King Khaled Eye Specialist Hospital, Riyadh, Saudi Arabia, the incidence of dry eye is high among women. Artificial tears drop provide moisture and relief for dry eyes. Thus, the increasing prevalence of dry eye is expected to drive the artificial tears market.
Key Market Segments
In terms of type, the glycerin derived tears segment accounted for the largest share of the Middle East and Africa artificial tears market in 2020. In terms of delivery mode, the eye drops segment accounted for the largest share of the Middle East and Africa 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 Middle East and Africa 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., and Bausch Health Companies Inc.
Reasons to buy report
MIDDLE EAST AND AFRICA ARTIFICIAL TEARS MARKET SEGMENTATION
By Type
By Delivery Mode
By Application
By Country
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 53.4 Million |
| Market Size by 2028 | US$ 72.1 Million |
| CAGR (2021 - 2028) | 4.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Artificial Tears Market is valued at US$ 53.4 Million in 2021, it is projected to reach US$ 72.1 Million by 2028.
As per our report Middle East and Africa Artificial Tears Market, the market size is valued at US$ 53.4 Million in 2021, projecting it to reach US$ 72.1 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.
The Middle East and Africa Artificial Tears Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Artificial Tears Market report:
The Middle East and Africa Artificial Tears Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Artificial Tears Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Artificial Tears Market value chain can benefit from the information contained in a comprehensive market report.
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