Description
UK dry eye market Forecast till 2027
Market Overview
The UK dry eye market is anticipated to register a significant CAGR of 3.93% to surpass USD 106.19 Million by the end of 2027. Dry eye is an ocular disorder caused by the lack of tear fluid to lubricate the eyes. This can be an indicator of either low production of tears or rapid evaporation of the film of tears on the surface of the eyes, which can be brought about by several conditions.
The growth of the UK dry eye market can be attributed to the increasing number of the geriatric population prone to various eye disorders such as dry eye and the upsurge in the prevalence of disease conditions such as diabetes that affect the functioning of the eyes.
A promising number of pipeline drugs for dry eye disease (DED) is another key factor driving the market growth. The aging population in the country has led to an increase in the prevalence of overall dry eye disease in the country.
The growth of the UK dry eye market is expected to be driven by the increasing aging population prone to various eye disorders, the rising prevalence of dry eye diseases, and novel treatment methods available for eye disorders.
In addition, the promising treatment of Dry Eye Diseases (DED) and the rising number of laser surgeries are propelling the market growth in the UK. However, the dearth of skilled ophthalmologists, adverse reactions of products, and lack of awareness related to the disease are expected to restrict the market growth. However, the lack of awareness about the disease, self-medication by patients suffering from DED, and adverse effects from dry eye products are a few factors limiting the market growth of the UK dry eye market.
Furthermore, market players in the country are involved in new product launches, geography expansion, and acquisitions.
For instance, in November 2020, Santen UK company launched an artificial tear product, and an online resource platform, my eye care. health, to tackle the UK’s growing burden of dry eye disease. Such product innovation by the company focused on the treatment of DED by the players in the country is propelling the market growth of the UK dry eye market.
Market Segmentation
The UK dry eye market is segmented into products, drugs, end-user, and regions. Based on product the market is further classified into Liquid Drops, Gel, Liquid Wipes, and Eye Ointment. The drug segment is classified into Artificial lubricant eye drops, anti-inflammatory drugs, and autologous serum eye drops. The end-user segment divides the market into Hospital Pharmacies, Retail Pharmacies, and others.
Major Players
The major players operating in the dry eye market are Otsuka pharmaceutical Co Ltd, Teva Pharmaceutical Industries Ltd, Johnson & Johnson Services Inc, Novartis AG, I-MED Pharma, Lenstore, and Vision Direct.
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