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NORTH AMERICA DRY EYE DISEASE MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

North America 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) by Geography


MARKET OVERVIEW

The North America dry eye disease market is predicted to record a CAGR of 5.20% during the forecast period, 2023-2032, and is expected to reach a revenue of $3604.57 million by 2032.

The dry eye disease market growth in North America is attributed to the high number of eye diseases and increased usage of contact lenses, which contribute to growing dry eye disease incidences. Also, the region is home to major companies like Johnson & Johnson and Bausch Health Companies Inc.

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The North America dry eye disease market growth analysis includes the evaluation of Canada and the United States. In the United States, as per a National Health and Wellness Survey, 6.8% of the adult population has dry eye disease. The prevalence rises with age and is greater in females than males. For instance, another data analysis from the United States National Health and Wellness Survey (NHWS, 2017) reveals that gender differences with regard to the prevalence of dry eye disease increased with age. As a result, healthcare practitioners are anticipating an increase in dry eye syndromes among the aging population. 

Moreover, product launches and developments by key players are set to enhance market prospects. For instance, in 2022, Bausch + Lomb presented data from the second pivotal phase 3 trial of investigational treatment NOV03. It would be the first pharmaceutical therapy available in the United States with a new mechanism of action designed to alleviate symptoms of dye eye disease associated with Meibomian gland dysfunction.  

The North America dry eye disease market scope includes type, product, and distribution channel. The type segment includes prescription and OTC.

Non-prescription eye drops can be purchased over the counter. These offer temporary relief from dry eye symptoms. Most over-the-counter (OTC) eye drops contain humectants, which help in the retention of lubricants, moisture, and electrolytes like potassium. They are relatively more affordable compared to prescription medications. However, most OTC dry eye drops work on the aqueous layer of the tear film, which offers limited relief from dry eye disease.

At the same time, several eye drops contain non-blurring lubricant mixes that offer long-lasting relief from symptoms of dry eye disease like burning and stinging brought on by prolonged contact lens wear, excessive digital media use, dry indoor or outdoor settings, hormonal changes, and laser eye surgery. As a result, the easy availability and affordability of OTC drugs are expected to drive the OTC segment’s growth. 

However, patients are encouraged to see an eye professional if OTC artificial tears do not render the desired results. Accordingly, prescription eye drops prescribed by doctors help treat chronic eye conditions. Age, prolonged contact lens wear, environmental conditions, medication, and age are among the leading causes of dry eyes. These can be managed using prescriptive medical products. 

The anti-inflammatory drugs category of the product segment includes corticosteroid, cyclosporine, and other anti-inflammatory drugs. The other anti-inflammatory drugs include the new drug lymphocyte function-associated antigen 1 (LFA-1) antagonists. Whereas Xiidra is the only US FDA-approved drug in this class. Theoretically, it blocks the interaction between LFA-1 and its aligned intracellular adhesion molecule-1 (ICAM-1).

Some of the key firms operating in the North America dry eye disease market are Novartis AG, Novaliq GmbH, Lumenis, OASIS Medical, etc.

OASIS Medical Inc is a specialty manufacturer of surgical supplies, instruments, disposables, and eye care products. It has been manufacturing a vast range of products for use in retinal disease, dry eye disease, refractive error, and cataracts. The company has its headquarters in Los Angeles, California, the United States. 

One of its key products, Oasis TEARS® PF PLUS Preservative-Free Lubricant Eye Drops, prevents dry eye with its viscoadaptove and adherence qualities.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Distribution Channel, Product, Type
Countries AnalyzedThe United States and Canada
Companies AnalyzedAFT Pharmaceuticals, Alcon, Allergan Plc (Acquired by AbbVie), Bausch Health Companies Inc, Johnson & Johnson, Lumenis, Novaliq GmbH, Novartis AG, OASIS Medical, Otsuka Pharmaceutical Co Ltd, Santen Pharmaceutical Co Ltd, Sentiss Pharma Private Limited, Sun Pharmaceutical Industries Ltd, Teva Pharmaceutical Industries Ltd, VISUfarma

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. GROWTH PROSPECT MAPPING
    5. MARKET MATURITY ANALYSIS
    6. MARKET CONCENTRATION ANALYSIS
    7. 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. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA DRY EYE DISEASE MARKET DRIVERS
      3. NORTH AMERICA DRY EYE DISEASE MARKET CHALLENGES
      4. NORTH AMERICA DRY EYE DISEASE MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN NORTH AMERICA DRY EYE DISEASE MARKET
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES DRY EYE DISEASE MARKET SIZE & OPPORTUNITIES 
        2. CANADA
          1. CANADA DRY EYE DISEASE MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. AFT PHARMACEUTICALS
      2. ALCON
      3. ALLERGAN PLC (ACQUIRED BY ABBVIE)
      4. BAUSCH HEALTH COMPANIES INC
      5. JOHNSON & JOHNSON
      6. LUMENIS
      7. NOVALIQ GMBH
      8. NOVARTIS AG
      9. OASIS MEDICAL
      10. OTSUKA PHARMACEUTICAL CO LTD
      11. SANTEN PHARMACEUTICAL CO LTD
      12. SENTISS PHARMA PRIVATE LIMITED
      13. SUN PHARMACEUTICAL INDUSTRIES LTD
      14. TEVA PHARMACEUTICAL INDUSTRIES LTD
      15. VISUFARMA

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – DRY EYE DISEASE

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

TABLE 3: NORTH AMERICA DRY EYE DISEASE MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

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

TABLE 5: NORTH AMERICA DRY EYE DISEASE MARKET, BY PRODUCT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

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

TABLE 7: NORTH AMERICA DRY EYE DISEASE MARKET, BY ANTI-INFLAMMATORY DRUGS, FORECAST YEARS, 2023-2032 (IN $ MILLION)

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

TABLE 9: NORTH AMERICA DRY EYE DISEASE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: NORTH AMERICA DRY EYE DISEASE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: NORTH AMERICA DRY EYE DISEASE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: NORTH AMERICA DRY EYE DISEASE MARKET REGULATORY FRAMEWORK

TABLE 13: KEY PLAYERS OPERATING IN NORTH AMERICA DRY EYE DISEASE MARKET

TABLE 14: LIST OF MERGERS & ACQUISITIONS

TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR NORTH AMERICA

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: NORTH AMERICA DRY EYE DISEASE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 8: NORTH AMERICA DRY EYE DISEASE MARKET, BY OTC, 2023-2032 (IN $ MILLION)

FIGURE 9: NORTH AMERICA DRY EYE DISEASE MARKET, BY PRESCRIPTION, 2023-2032 (IN $ MILLION)

FIGURE 10: NORTH AMERICA DRY EYE DISEASE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2022

FIGURE 11: NORTH AMERICA DRY EYE DISEASE MARKET, BY ANTI-INFLAMMATORY DRUGS, 2023-2032 (IN $ MILLION)

FIGURE 12: NORTH AMERICA DRY EYE DISEASE MARKET, GROWTH POTENTIAL, BY ANTI-INFLAMMATORY DRUGS, IN 2022

FIGURE 13: NORTH AMERICA DRY EYE DISEASE MARKET, BY CYCLOSPORINE, 2023-2032 (IN $ MILLION)

FIGURE 14: NORTH AMERICA DRY EYE DISEASE MARKET, BY CORTICOSTEROID, 2023-2032 (IN $ MILLION)

FIGURE 15: NORTH AMERICA DRY EYE DISEASE MARKET, BY OTHER ANTI-INFLAMMATORY DRUGS, 2023-2032 (IN $ MILLION)

FIGURE 16: NORTH AMERICA DRY EYE DISEASE MARKET, BY ARTIFICIAL TEARS, 2023-2032 (IN $ MILLION)

FIGURE 17: NORTH AMERICA DRY EYE DISEASE MARKET, BY PUNCTAL PLUGS, 2023-2032 (IN $ MILLION)

FIGURE 18: NORTH AMERICA DRY EYE DISEASE MARKET, BY SECRETAGOGUES, 2023-2032 (IN $ MILLION)

FIGURE 19: NORTH AMERICA DRY EYE DISEASE MARKET, BY OTHER PRODUCTS, 2023-2032 (IN $ MILLION)

FIGURE 20: NORTH AMERICA DRY EYE DISEASE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2022

FIGURE 21: NORTH AMERICA DRY EYE DISEASE MARKET, BY HOSPITAL PHARMACIES, 2023-2032 (IN $ MILLION)

FIGURE 22: NORTH AMERICA DRY EYE DISEASE MARKET, BY INDEPENDENT PHARMACIES AND DRUGSTORES, 2023-2032 (IN $ MILLION)

FIGURE 23: NORTH AMERICA DRY EYE DISEASE MARKET, BY ONLINE PHARMACIES, 2023-2032 (IN $ MILLION)

FIGURE 24: NORTH AMERICA DRY EYE DISEASE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 25: UNITED STATES DRY EYE DISEASE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: CANADA DRY EYE DISEASE MARKET, 2023-2032 (IN $ MILLION)

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