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DelveInsight Business Research, LLP: Global Dry Eye Disease Treatment Market Projected to Cross USD 9 Billion by 2030 | DelveInsight

Finanznachrichten News

The market for dry eye disease treatments is fueled by various factors, such as an aging population more susceptible to the condition and the growing use of digital devices, which contribute to eye strain and dryness. Additionally, heightened awareness of dry eye disease, along with its increasing prevalence linked to chronic illnesses like diabetes and autoimmune disorders, has amplified the demand for effective treatment options.

LAS VEGAS , Oct. 31, 2024 /PRNewswire/ -- DelveInsight's Dry Eye Disease Treatment Market Insights report provides the current and forecast market analysis, individual leading dry eye disease treatment companies' market shares, challenges, dry eye disease treatment market drivers, barriers, trends, and key market dry eye disease treatment companies in the market.

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Key Takeaways from the Dry Eye Disease Treatment Market Report

  • As per DelveInsight estimates, North America is anticipated to dominate the global dry eye disease treatment market during the forecast period.
  • In the product type segment of the dry eye disease treatment market, the artificial tear category captured a significant revenue share in 2023.
  • Notable dry eye disease treatment companies such as Alcon Inc., AbbVie Inc., Johnson & Johnson Vision Care, Inc., Horus Pharma, Sun Pharmaceutical Industries Ltd., OASIS Medical, Inc., VISUfarma, Sentiss Pharma Pvt. Ltd., Santen Pharmaceutical Co. Ltd., Otsuka Pharmaceutical Co., Ltd., Novaliq GmbH, AFT Pharmaceuticals., Novartis AG, Sight Sciences, MiBo Medical Group, and several others, are currently operating in the dry eye disease treatment market.
  • In October 2024, Aldeyra Therapeutics refiled a new drug application for topical reproxalap aimed at treating the signs and symptoms of dry eye disease.
  • In October 2024, Novaliq and Laboratoires Théa announced that the European Commission (EC) has approved Vevizye (ciclosporin 0.1% eye drop solution) for treating dry eye disease in Europe.
  • In August 2024, OKYO Pharma Limited announced the granting of a crucial U.S. Patent, No. 12,053,501, issued on August 6th, titled: "Methods for Treating Symptoms of Dry Eye Disease."

To read more about the latest highlights related to the dry eye disease treatment market, get a snapshot of the key highlights entailed in the Global Dry Eye Disease Treatment Market Report

Dry Eye Disease Treatment Overview

Dry eye disease (DED) is a multifactorial condition that results in chronic dryness, irritation, and inflammation of the ocular surface. This condition disrupts the natural tear film, either through decreased tear production or increased tear evaporation, leading to a compromised ocular surface. Treatments for DED are typically tailored to the underlying causes and severity, aiming to restore tear film stability, reduce inflammation, and improve the patient's quality of life. The initial approach often involves the use of artificial tears to lubricate the eye and provide temporary relief, with options including preservative-free formulations to prevent additional irritation. For patients with more severe symptoms, gel-based lubricants or ointments might be recommended to extend moisture retention overnight.

When artificial tears alone are insufficient, anti-inflammatory medications become essential. Topical corticosteroids may be prescribed for short-term flare-ups, though longer-term treatment often relies on immunomodulators like cyclosporine A or lifitegrast to reduce inflammation and improve tear production. Other treatment strategies include lifestyle changes such as increasing room humidity, using warm compresses and avoiding prolonged screen time to reduce eye strain. For cases where the meibomian glands (responsible for oil secretion in the tears) are dysfunctional, targeted therapies like LipiFlow or intense pulsed light therapy can help unblock the glands and enhance tear film stability. In persistent cases, punctal plugs that block tear drainage can be inserted to retain moisture on the ocular surface. With ongoing advancements, including investigational drugs and biologics targeting inflammation at the molecular level, the treatment landscape for DED is continually evolving.

Dry Eye Disease Treatment Market Insights

North America is dominating the dry eye disease treatment market. North America's leadership in the dry eye disease treatment market stems from several critical factors. The region faces a high incidence of dry eye disease, primarily due to an aging population and extensive digital device use, which contribute to eye strain and dryness. A well-developed healthcare infrastructure provides broad access to advanced treatments, while active pharmaceutical research and development in the U.S. and Canada drives continual innovation in drug formulations and medical devices for treating dry eye disease.

In the assessment done by DelveInsight, the estimated total diagnosed prevalent cases of DED in the 7MM were nearly 54 million in 2023. The US reported the highest number of total diagnosed prevalent cases of DED among the 7MM countries with 41%.

Furthermore, increased awareness among patients and healthcare providers has led to higher diagnosis rates and greater adoption of treatment options. The presence of leading pharmaceutical companies, coupled with frequent regulatory approvals from the FDA, also fuels market growth. Supportive reimbursement policies and significant healthcare spending reinforce the region's strong market position.

To know more about why North America is leading the market growth in the dry eye disease treatment market, get a snapshot of the Dry Eye Disease Treatment Market Outlook

Dry Eye Disease Treatment Market Dynamics

The dry eye disease market is experiencing substantial growth, driven by several key factors including an aging population, increasing screen time, and the prevalence of conditions that exacerbate ocular surface issues, such as diabetes and autoimmune diseases. Dry Eye Disease, characterized by insufficient tear production or rapid evaporation of tears, causes discomfort and visual impairment, impacting the quality of life for millions globally. Rising awareness and diagnosis of DED have expanded the patient pool, pushing the demand for effective treatments in both developed and emerging markets. Furthermore, the market is witnessing heightened investment in research and development, aimed at creating innovative therapies that go beyond traditional artificial tear solutions.

The competitive landscape in the DED market is dynamic, with major pharmaceutical companies and emerging biotech firms vying to capture a share of this lucrative segment. Players like Novartis, Allergan, and Johnson & Johnson have introduced advanced formulations that target underlying pathophysiology, including anti-inflammatory treatments like cyclosporine-based Restasis and lifitegrast-based Xiidra. These medications address the inflammatory component of DED, a significant advancement over symptom-only relief options. Additionally, the market is witnessing a surge in regenerative and biologic therapies, such as serum-based eye drops and other biologics that leverage patient-specific immune factors to enhance ocular surface healing and reduce inflammation. Such advancements indicate a shift toward personalized and long-term treatment solutions.

Technological advancements in diagnostics are also reshaping the DED market. Modern diagnostic tools, including tear osmolarity testing and ocular surface imaging, enable eye care providers to make more precise diagnoses and tailor treatments. This shift towards diagnostic-driven treatment pathways has made it easier to categorize DED into subtypes, allowing for more specific interventions based on individual patient needs. Enhanced diagnostic accuracy is essential for expanding the market, as it can uncover previously undiagnosed cases and lead to earlier interventions, which are often more effective. This trend highlights the symbiotic relationship between diagnostic technologies and therapeutics, with both sectors advancing together to provide comprehensive care.

Regulatory support and improved reimbursement policies are also playing a significant role in propelling the DED market forward. Regulatory bodies like the FDA and EMA have recently fast-tracked certain DED treatments, recognizing the high unmet need in this area. In regions like North America and Europe, favorable insurance coverage and reimbursement frameworks make advanced treatments accessible, further fueling market growth. However, market expansion faces challenges in other regions where regulatory barriers and limited healthcare access impede patient reach. This dichotomy presents both challenges and opportunities for pharmaceutical companies seeking to establish a global footprint in DED therapeutics.

Finally, patient education and awareness campaigns by healthcare organizations and pharmaceutical companies are helping to destigmatize DED and encourage more patients to seek treatment. Digital health platforms, telemedicine, and community outreach have made it easier for patients to understand the implications of untreated DED and recognize the range of therapeutic options available. Increasing awareness could lead to earlier diagnosis and sustained treatment adherence, improving long-term outcomes for patients. As awareness and accessibility improve, the DED market is poised for continued growth, underscoring the need for sustained innovation and investment in patient-centric care solutions.

Get a sneak peek at the dry eye disease treatment market dynamics @ Dry Eye Disease Treatment Market Dynamics Analysis

Report Metrics

Details

Coverage

Global

Study Period

2021-2030

Dry Eye Disease Treatment Market CAGR

~7%

Dry Eye Disease Treatment Market Size by 2030

~USD 9 Billion

Key Dry Eye Disease Treatment Companies

Alcon Inc., AbbVie Inc., Johnson & Johnson Vision Care, Inc., Horus Pharma, Sun Pharmaceutical Industries Ltd., OASIS Medical, Inc., VISUfarma, Sentiss Pharma Pvt. Ltd., Santen Pharmaceutical Co. Ltd., Otsuka Pharmaceutical Co., Ltd., Novaliq GmbH, AFT Pharmaceuticals., Novartis AG, Sight Sciences, MiBo Medical Group, among others

Dry Eye Disease Treatment Market Assessment

  • Dry Eye Disease Treatment Market Segmentation
    • Dry Eye Disease Treatment Market Segmentation By Product Type: Artificial Tears, Anti-inflammatory Medication, Devices, and Others
    • Dry Eye Disease Treatment Market Segmentation By Distribution Channel: Hospital Pharmacy, Drug Stores, and E-Commerce
    • Dry Eye Disease Treatment Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
  • Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View

Which MedTech key players in the dry eye disease treatment market are set to emerge as the trendsetter explore @ Dry Eye Disease Treatment Companies

Table of Contents

1

Dry Eye Disease Treatment Market Report Introduction

2

Dry Eye Disease Treatment Market Executive Summary

3

Competitive Landscape

4

Regulatory Analysis

5

Dry Eye Disease Treatment Market Key Factors Analysis

6

Dry Eye Disease Treatment Market Porter's Five Forces Analysis

7

Dry Eye Disease Treatment Market Layout

8

Dry Eye Disease Treatment Market Company and Product Profiles

9

KOL Views

10

Project Approach

11

About DelveInsight

12

Disclaimer & Contact Us

Interested in knowing the dry eye disease treatment market by 2030? Click to get a snapshot of the Dry Eye Disease Treatment Market Trends

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About DelveInsight

DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance.

Contact Us

Shruti Thakur
info@delveinsight.com
+14699457679
https://www.delveinsight.com/medical-devices

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