South Korea Eyedrops Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korea eye-drop and lubricants market has experienced substantial growth in recent years, driven by the rising awareness about eye health and the increasing prevalence of eye-related ailments. These products are essential in providing relief from dry eyes, irritation, and other ocular discomforts. As both the aging population and digital screen usage continue to grow, the demand for eye-drops and lubricants is also expected to rise significantly in the coming years.
In South Korea, the application of eye-drops and lubricants spans a wide array of industries, including pharmaceuticals, healthcare, and cosmetics. The pharmaceutical industry plays a major role in providing treatments for various eye conditions, including dry eye syndrome, glaucoma, and conjunctivitis. As a result, eye-drop products are in high demand within this sector, with multiple varieties available in the market catering to different needs. From preservative-free solutions to those offering long-lasting hydration, these products have become essential for many individuals, especially among the elderly who are more prone to eye disorders.
The healthcare industry further benefits from advancements in eye-care products, with innovations such as gel-based eye lubricants offering better relief for individuals who suffer from severe dry eye conditions. These innovations are fueling the market's expansion as they cater to a growing consumer base looking for more effective, comfortable solutions to manage their eye health. Additionally, the trend of using cosmetic eye-care products, such as those that help reduce puffiness and dark circles, has also driven the need for lubricants and drops.
From a business perspective, industries are recognizing the increasing requirement for these products in both the prescription and over-the-counter markets. Manufacturers are focusing on product innovation and quality to meet consumer demands. In addition, the rise in digital device usage in South Korea has led to an increase in digital eye strain, further boosting the demand for lubricants and drops to relieve the discomfort caused by prolonged screen time.
Looking ahead, the South Korean eye-drop and lubricants market will continue to evolve, with both local and international players capitalizing on the growing demand for eye-care products. Industry players must remain agile and responsive to changes in consumer preferences and technological advancements in the formulation of eye-drops and lubricants to stay competitive in this thriving market.
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Ursapharm
Santen
Bayer Inc
Abbott
Allergan
Bausch & Lomb
Johnson & Johnson
Rohto Pharmaceutical
The United Laboratories
Alcon
Novax Pharma
Rohto
Clear Eyes
Thea Pharmaceuticals
Scope Ophthalmics Ltd
Prestige Consumer Healthcare
Medicom Healthcare Ltd
Altacor
Optrex
Sager Pharma
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Eyedrops Market
Prescription Eyedrops
Over-the-Counter (OTC) Eyedrops
Antihistamine Eyedrops
Lubricating Eyedrops (Artificial Tears)
Antibiotic Eyedrops
Anti-inflammatory Eyedrops
Allergic Conjunctivitis
Dry Eye Syndrome
Infections (e.g., Bacterial Conjunctivitis)
Glaucoma
Single-Dose Vials
Multi-Dose Bottles
Dropper Bottles
Pharmacies and Drugstores
Online Retail
Hospital Pharmacies
Optical Stores
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Eyedrops Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Eyedrops Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Eyedrops Market, By Type
6. South Korea Eyedrops Market, By Application
7. South Korea Eyedrops Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Eyedrops Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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