Eye Drops (Artificial Tear) Market size was valued at USD 5.2 Billion in 2024 and is forecasted to grow at a CAGR of 6.2% from 2026 to 2033, reaching USD 8.9 Billion by 2033.
The global Eye Drops (Artificial Tear) market was valued at approximately USD 5.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The demand for artificial tear solutions is on the rise due to the increasing prevalence of dry eye disease, growing pollution levels, and the widespread use of digital screens. Moreover, an aging global population and the increasing incidence of eye disorders have also contributed to the markets growth. This market is primarily driven by the rising awareness of eye care, which has led to the higher adoption of over the counter eye drop products, especially in developed regions such as North America and Europe. By 2030, the market size is projected to reach approximately USD 8.9 billion.
Regionally, North America held the largest share of the market in 2022, accounting for more than 35% of the global market share, largely due to the high prevalence of dry eye syndrome and advanced healthcare infrastructure in the region. Europe followed closely, with a notable market share due to increasing healthcare spending and high consumer awareness regarding eye health. The Asia Pacific region is expected to witness the highest growth rate over the forecast period, with a CAGR of 6.8%, driven by increasing urbanization, rising disposable incomes, and expanding healthcare access. Latin America and the Middle East & Africa are expected to experience steady growth, though they hold a relatively smaller market share. Opportunities for growth are abundant in emerging economies, particularly in Asia Pacific and Latin America, where rising awareness of eye health and improving healthcare systems are anticipated to drive demand for artificial tear products.
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Allergan
Alcon
Novartis
Santen Pharma
Johnson & Johnson
Bausch & Lomb
Thea pharmaceuticals
URSAPHARM
SIMILASAN
Akorn
United Laboratories
Sun Pharmaceutical
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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. 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 Global Eye Drops (Artificial Tear) Market
Gel-based eye drops
Liquid-based eye drops
Ointment-based eye drops
Carboxymethylcellulose (CMC)
Hydroxypropyl Methylcellulose (HPMC)
Polyvinyl Alcohol (PVA)
Sodium Hyaluronate
Glycerin
Lubricating eye drops
Moisturizing eye drops
Anti-inflammatory eye drops
Anti-redness eye drops
Online pharmacies
Retail pharmacies
Hospital pharmacies
Direct sales
Hospitals
Clinics
Home care settings
Retail consumers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Eye Drops (Artificial Tear) 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. Global Eye Drops (Artificial Tear) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Eye Drops (Artificial Tear) Market, By Type
6. Global Eye Drops (Artificial Tear) Market, By Application
7. Global Eye Drops (Artificial Tear) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Eye Drops (Artificial Tear) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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