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CHINA DRY EYE DISEASE MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

China Dry Eye Disease Market by Type (OTC, Prescription) Market by Product (Anti-inflammatory Drugs (Cyclosporine, Corticosteroid, Other Anti-inflammatory Drugs), Artificial Tears, Punctal Plugs, Secretagogues, Other Products) Market by Distribution Channel (Hospital Pharmacies, Independent Pharmacies and Drugstores, Online Pharmacies)


MARKET OVERVIEW

The China dry eye disease market is set to project a CAGR of 6.04% during the forecast period, 2023-2030, and is expected to reach a revenue of $579.51 million by 2030.

The dry eye disease market growth in China is attributed to the dense geriatric population. Dry eye disease has become the largest ophthalmic disease in the country with the rising aging population. The exact cause of the prevalence of dry eye disease is yet to be ascertained. However, there are speculations that pollution levels and the over-use of computer monitors play essential roles in contributing to the problem. Additionally, as per the World Health Organization (WHO), China is the deadliest country globally for outdoor air pollution. Air pollution is common in the form of smog in places like Beijing. Besides, dry eye disease is associated with diabetes. Whereas China has a large population with diabetes. Such aspects offer growth opportunities for the dry eye disease market in China.

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The China dry eye disease market scope includes distribution channel, type, and product. The product segment includes anti-inflammatory drugs, secretagogues, punctal plugs, artificial tears, and other products. The anti-inflammatory drugs segment further includes corticosteroid, cyclosporine, and other anti-inflammatory drugs.

Secretagogues are modern-day treatments for dry eye-related indications. The two forms of secretagogues, oral and topical, are widely recommended for first-line and second-line treatments. A major factor driving the segment’s growth includes the awareness campaigns regarding dry eye diseases by schools of vision science and optometry. Such campaigns promote the use of secretagogues in emerging and developed countries. In addition, 2% rebamipide ophthalmic suspension topical secretagogues and 3% diquafosol sodium ophthalmic solution are available internationally. On the other hand, the widely available oral secretagogues include cevimeline and pilocarpine, which activate acetylcholine receptors in the lacrimal and salivary glands to stimulate secretion. 

Further, artificial tears are commonly used for dry eye disease treatment. These are primarily used as the first line of treatment and are recommended by several doctors during the initial days of dry eye disease. Also, it is recommended for temporary relief of irritation and burning due to the dryness of the eye. Accordingly, it minimizes tear osmolarity. Additionally, the cost of over-the-counter artificial tears is low and has huge acceptance among all population segments. 

Moreover, several companies are working on modifying different formulations for artificial tears using sodium chloride as a hypertonicity agent, emollients, demulcent, zinc sulfate, and other combinations. The innovation is minimal at this level. However, consumers and manufacturers compromise with local developers engaged in a particular region or substandard products. 

Furthermore, corticosteroids are effective anti-inflammatory drugs that relieve the symptoms of moderate and severe dry eye. They are immensely useful in short-term efficacy, and are thus, prescribed for acute cases of dry eye diseases. At the same time, the long-term usage of corticosteroids has major side effects like cataract progression and intraocular pressure elevation. Two prominent market players established in this segment are Allergan and Bausch Health. 

Some of the prominent companies in the China dry eye disease market include Bausch Health Companies Inc, Johnson & Johnson, Otsuka Pharmaceutical Co Ltd, Allergan Plc (Acquired by AbbVie), etc.

Otsuka Pharmaceutical Co Ltd operates businesses like nutraceuticals, pharmaceuticals, consumer products, etc., through its subsidiaries. It focuses on the manufacture, sale, and research & development of medicines for treating cancer, ophthalmic disease, infectious diseases, gastrointestinal & respiratory diseases, allergies, etc. The company’s product portfolio includes functional foods and beverages, pharmaceutical products, electronic equipment, OTC products, fine chemicals, etc. It markets its products in Asia, Europe, and North America, with headquarters in Chiyoda-ki, Tokyo, Japan. 

One of its key products, Mucosta Ophthalmic Suspension, stabilizes the tear film and is effective in dry eye treatment.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Distribution Channel, Product, Type
Countries AnalyzedChina
Companies AnalyzedAlcon, Allergan Plc (Acquired by AbbVie), Bausch Health Companies Inc, Johnson & Johnson, Novartis AG, Otsuka Pharmaceutical Co Ltd, Sentiss Pharma Private Limited

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. AIR POLLUTION IS A MAJOR CAUSE OF EYE DISEASES
      2. COVID-19 CONTRIBUTED TO A HIGH NUMBER OF DRY EYE DISEASE CASES
      3. ASIAN RACE IS AT HIGHER RISK OF DEVELOPING DRY EYE DISEASE
      4. EXCESSIVE SCREEN TIME CAN INDUCE DRY EYE SYMPTOMS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INTRODUCTION OF NOVEL DIAGNOSTIC TECHNIQUES FOR DRY EYE DISEASE 
      2. LAUNCH OF PROMISING PIPELINE PRODUCTS FOR DRY EYE DISEASE 
      3. GROWING INCIDENCE AND PREVALENCE OF DRY EYE AMONG DIFFERENT AGE GROUPS
    2. KEY RESTRAINTS
      1. RISK OF SIDE EFFECTS
      2. SUBSTITUTE THERAPIES
      3. EXPENSIVE SPECIALTY PRODUCTS AND COMPLEX REIMBURSEMENT SCENARIO
  4. KEY ANALYTICS
    1. PARENT MARKET ANALYSIS
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. MARKET CONCENTRATION ANALYSIS
    5. VALUE CHAIN ANALYSIS
      1. RESEARCH AND DEVELOPMENT
      2. MANUFACTURING
      3. DISTRIBUTORS
      4. POST-SALES MONITORING
  5. MARKET BY TYPE
    1. OTC
    2. PRESCRIPTION
  6. MARKET BY PRODUCT
    1. ANTI-INFLAMMATORY DRUGS
      1. CYCLOSPORINE
      2. CORTICOSTEROID
      3. OTHER ANTI-INFLAMMATORY DRUGS
    2. ARTIFICIAL TEARS
    3. PUNCTAL PLUGS
    4. SECRETAGOGUES
    5. OTHER PRODUCTS
  7. MARKET BY DISTRIBUTION CHANNEL
    1. HOSPITAL PHARMACIES
    2. INDEPENDENT PHARMACIES AND DRUGSTORES
    3. ONLINE PHARMACIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ALCON
      2. ALLERGAN PLC (ACQUIRED BY ABBVIE)
      3. BAUSCH HEALTH COMPANIES INC
      4. JOHNSON & JOHNSON
      5. NOVARTIS AG
      6. OTSUKA PHARMACEUTICAL CO LTD
      7. SENTISS PHARMA PRIVATE LIMITED

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – DRY EYE DISEASE

TABLE 2: CHINA DRY EYE DISEASE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: CHINA DRY EYE DISEASE MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 4: CHINA DRY EYE DISEASE MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: CHINA DRY EYE DISEASE MARKET, BY PRODUCT, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 6: CHINA DRY EYE DISEASE MARKET, BY ANTI-INFLAMMATORY DRUGS, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: CHINA DRY EYE DISEASE MARKET, BY ANTI-INFLAMMATORY DRUGS, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 8: CHINA DRY EYE DISEASE MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: CHINA DRY EYE DISEASE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 10: LIST OF MERGERS & ACQUISITIONS

TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: MARKET CONCENTRATION ANALYSIS

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: CHINA DRY EYE DISEASE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 6: CHINA DRY EYE DISEASE MARKET, BY OTC, 2023-2030 (IN $ MILLION)

FIGURE 7: CHINA DRY EYE DISEASE MARKET, BY PRESCRIPTION, 2023-2030 (IN $ MILLION)

FIGURE 8: CHINA DRY EYE DISEASE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2022

FIGURE 9: CHINA DRY EYE DISEASE MARKET, BY ANTI-INFLAMMATORY DRUGS, 2023-2030 (IN $ MILLION)

FIGURE 10: CHINA DRY EYE DISEASE MARKET, GROWTH POTENTIAL, BY ANTI-INFLAMMATORY DRUGS, IN 2022

FIGURE 11: CHINA DRY EYE DISEASE MARKET, BY CYCLOSPORINE, 2023-2030 (IN $ MILLION)

FIGURE 12: CHINA DRY EYE DISEASE MARKET, BY CORTICOSTEROID, 2023-2030 (IN $ MILLION)

FIGURE 13: CHINA DRY EYE DISEASE MARKET, BY OTHER ANTI-INFLAMMATORY DRUGS, 2023-2030 (IN $ MILLION)

FIGURE 14: CHINA DRY EYE DISEASE MARKET, BY ARTIFICIAL TEARS, 2023-2030 (IN $ MILLION)

FIGURE 15: CHINA DRY EYE DISEASE MARKET, BY PUNCTAL PLUGS, 2023-2030 (IN $ MILLION)

FIGURE 16: CHINA DRY EYE DISEASE MARKET, BY SECRETAGOGUES, 2023-2030 (IN $ MILLION)

FIGURE 17: CHINA DRY EYE DISEASE MARKET, BY OTHER PRODUCTS, 2023-2030 (IN $ MILLION)

FIGURE 18: CHINA DRY EYE DISEASE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2022

FIGURE 19: CHINA DRY EYE DISEASE MARKET, BY HOSPITAL PHARMACIES, 2023-2030 (IN $ MILLION)

FIGURE 20: CHINA DRY EYE DISEASE MARKET, BY INDEPENDENT PHARMACIES AND DRUGSTORES, 2023-2030 (IN $ MILLION)

FIGURE 21: CHINA DRY EYE DISEASE MARKET, BY ONLINE PHARMACIES, 2023-2030 (IN $ MILLION)

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