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1025948

Asia Pacific Artificial Tears Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ; Delivery Mode ; Application

Published: | The Insight Partners | 137 Pages | Delivery time: 1-2 business days

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Asia Pacific Artificial Tears Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ; Delivery Mode ; Application
Published: July 6, 2021
The Insight Partners
Content info: 137 Pages
Delivery time: 1-2 business days
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  • Table of Contents
Description

The artificial tears market in Asia Pacific is expected to grow from US$ 358.5 million in 2021 to US$ 549.5 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The industry is witnessing a considerable number of business activities that are generating a very lucrative growth opportunity for the market. The players in the industry are focusing on brand establishments, as well as consolidation of supply chain distribution channels with an aim to leverage their presence in the global market. For instance, in March 2020, Grafton Optical launched I-DROP MGD Viscoadaptive Tears that provide the relief for severe chronic evaporative dry eye. I-DROP MGD is preservative-free, artificial tear that helps relieve symptoms associated with evaporative dry eye, for patients suffering from Meibomian Gland Dysfunction. It is the most advanced eye drop for hydrating and lubricating the cornea. In addition, the companies are working proactively to launch advanced products in the market. For instance, in March 2020, Alcon, the global leader in eye care introduced SYSTANE HYDRATION Preservative-Free (PF) Lubricant Eye Drops for dry eye. It is used to relieve dryness of the eye and as a protectant against further irritation. Further, in October 2019, Allergan launched a new product line called Refresh Relieva lubricant eye. The launch of the novel product has helped the company retain its position in the eye drop industry. Such strategic events are likely to offer lucrative growth opportunity for the artificial tears market during the forecast period.

The market for Artificial tears market is segmented into type, delivery mode, and application. Based on type, the artificial tears market is segmented into glycerin derived tears, cellulose derived tears, oil-based emulsion tears, polythylene glycol-based tears, sodium hyaluronate based artificial tears, and propylene glycol-based tears. In 2020, glycerin derived tears segment accounted for the largest share of the market owing to their easy availability and ability to keep eyes moist for long. Glycerin is a humectant, as well as a demulcent and lubricant. Glycerin also has the benefit of promoting epithelial cell growth and reducing the harmful effects of high osmolarity on the ocular surface. Povidone is a lipid that binds to the tear film's existing oil layer, thickening it and reducing evaporation.

Countries in the Asia Pacific are facing challenges due to increasing incidences of COVID-19. People are packing India's public Dry Eyes Treatment, as many are unable to afford private ones that generally uphold higher standards of care. The outbreak has severely affected the tourism industry and imposed supply chain disruptions; moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure. Restrictive measures have been put forth in South Korea, Malaysia, Singapore, the Philippines, and India to prevent disease transmission. In November 2020, NovaBay Pharmaceuticals, Inc., a pharmaceutical company focusing on commercializing Avenova for the eye care market, announced the signing of an agreement with Paragon Care Group Australia Pty Ltd for the exclusive distribution of Avenova in Australia. Paragon Care Group will begin distributing Avenova directly to consumers under its Designs for Vision brand beginning in early 2021. Avenova the best product to treat the chronic bacterial infections that affect approximately 85% of all dry eye sufferers. Thus, artificial tears market is moderately impacted due to COVID-19.

The overall Asia Pacific Artificial tears market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Asia Pacific Artificial tears market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific Artificial tears market. Johnson and Johnson Services, Inc.; Alcon Inc.; OASIS Medical; AbbVie Inc.; Bayer AG; Prestige Consumer Healthcare Inc.; Santen Pharmaceutical Co., Ltd.; Bausch Health Companies Inc.; and Aurolab are among a few players operating in the Asia Pacific Artificial tears market.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific artificial tears market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific artificial tears market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the artificial tears market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
Product Code: TIPRE00023486

Table Of Contents

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Artificial Tears Market - By Type
    • 1.3.2 Artificial Tears Market - By Delivery Mode
    • 1.3.3 Artificial Tears Market - By Application
    • 1.3.4 Asia Pacific Artificial tears Market - By Country

2. Asia Pacific Artificial Tears Market - Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Asia Pacific Artificial Tears Market - Market Landscape

  • 4.1 Overview
  • 4.2 PEST Analysis
    • 4.2.1 Artificial Tears Market- Asia Pacific PEST Analysis
  • 4.3 Expert Opinion

5. Asia Pacific Artificial Tears Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Rising Incidence of Dry Eye
    • 5.1.2 Growing Older Population
  • 5.2 Market Restraints
    • 5.2.1 Poor Accessibility to Eye Care Services in Low-Income Countries
  • 5.3 Market Opportunities
    • 5.3.1 Increasing Number of Industrial Developments
  • 5.4 Future Trends
    • 5.4.1 Changes in Lifestyle
  • 5.5 Impact Analysis

6. Artificial Tears Market - Asia Pacific Analysis

  • 6.1 Asia Pacific Artificial Tears Market Revenue Forecasts and Analysis

7. Asia Pacific Artificial Tears Market Analysis and Forecasts To 2028 - By Type

  • 7.1 Overview
  • 7.2 Artificial Tears Market Revenue Share, by Type (2020 and 2028)
  • 7.3 Cellulose Derived Tears
    • 7.3.1 Overview
    • 7.3.2 Cellulose Derived Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • 7.4 Glycerin Derived Tears
    • 7.4.1 Overview
    • 7.4.2 Glycerin Derived Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • 7.5 Oil-based Emulsion Tears
    • 7.5.1 Overview
    • 7.5.2 Oil-based Emulsion Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • 7.6 Polyethylene Glycol Based Tears
    • 7.6.1 Overview
    • 7.6.2 Polyethylene Glycol Based Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • 7.7 Propylene Glycol Based Tears
    • 7.7.1 Overview
    • 7.7.2 Propylene Glycol Based Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • 7.8 Sodium Hyaluronate Based Artificial Tears
    • 7.8.1 Overview
    • 7.8.2 Sodium Hyaluronate Based Artificial Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Artificial Tears Market Analysis and Forecasts To 2028 - By Delivery Mode

  • 8.1 Overview
  • 8.2 Artificial Tears Market Revenue Share, by Delivery Mode (2020 and 2028)
  • 8.3 Eye Drops
    • 8.3.1 Overview
    • 8.3.2 Eye Drops: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • 8.4 Ointments
    • 8.4.1 Overview
    • 8.4.2 Ointments: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Artificial Tears Market Analysis and Forecasts to 2028- By Application

  • 9.1 Overview
  • 9.2 Artificial Tears Market Share, by Application, 2020 and 2028, (%)
  • 9.3 Dry Eyes Treatment
    • 9.3.1 Overview
    • 9.3.2 Dry Eyes Treatment: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • 9.4 Contact Lenses Moisture
    • 9.4.1 Overview
    • 9.4.2 Contact Lenses Moisture: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)

10. Artificial Tears Market Revenue and Forecasts to 2028 - Geographical Analysis

  • 10.1 Asia Pacific: Artificial Tears Market
    • 10.1.1 Overview
    • 10.1.2 Asia-Pacific: Artificial Tears Market, by Country, 2020 & 2028 (%)
      • 10.1.2.1 China: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.1.1 China: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.1.2 China: Artificial Tears Market, by Type, 2019-2028 (USD Million)
        • 10.1.2.1.3 China: Artificial Tears Market, by Delivery Mode, 2019-2028 (USD Million)
        • 10.1.2.1.4 China: Artificial Tears Market, by Application, 2019-2028 (USD Million)
      • 10.1.2.2 Japan: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.2.1 Japan: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.2.2 Japan: Artificial Tears Market, by Type, 2019-2028 (USD Million)
        • 10.1.2.2.3 Japan: Artificial Tears Market, by Delivery Mode, 2019-2028 (USD Million)
        • 10.1.2.2.4 Japan: Artificial Tears Market, by Application, 2019-2028 (USD Million)
      • 10.1.2.3 India: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.3.1 India: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.3.2 India: Artificial Tears Market, by Type, 2019-2028 (USD Million)
        • 10.1.2.3.3 India: Artificial Tears Market, by Delivery Mode, 2019-2028 (USD Million)
        • 10.1.2.3.4 India: Artificial Tears Market, by Application, 2019-2028 (USD Million)
      • 10.1.2.4 Australia: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.4.1 Australia: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.4.2 Australia: Artificial Tears Market, by Type, 2019-2028 (USD Million)
        • 10.1.2.4.3 Australia: Artificial Tears Market, by Delivery Mode, 2019-2028 (USD Million)
        • 10.1.2.4.4 Australia: Artificial Tears Market, by Application, 2019-2028 (USD Million)
      • 10.1.2.5 South Korea: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.5.1 South Korea: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.5.2 South Korea: Artificial Tears Market, by Type, 2019-2028 (USD Million)
        • 10.1.2.5.3 South Korea: Artificial Tears Market, by Delivery Mode, 2019-2028 (USD Million)
        • 10.1.2.5.4 South Korea: Artificial Tears Market, by Application, 2019-2028 (USD Million)
      • 10.1.2.6 Rest of Asia-Pacific: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.6.1 Rest of Asia-Pacific: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.6.2 Rest of Asia-Pacific: Artificial Tears Market, by Type, 2019-2028 (USD Million)
        • 10.1.2.6.3 Rest of Asia-Pacific: Artificial Tears Market, by Delivery Mode, 2019-2028 (USD Million)
        • 10.1.2.6.4 Rest of Asia-Pacific: Artificial Tears Market, by Application, by Artificial Tears, 2019-2028 (USD Million)

11. Impact Of COVID-19 Pandemic on Asia Pacific Artificial Tears Market

  • 11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

  • 12.1 Overview
  • 12.2 Growth Strategies Done by the Companies in the Market, (%)
  • 12.3 Organic Developments
    • 12.3.1 Overview
  • 12.4 Inorganic Developments
    • 12.4.1 Overview

13. COMPANY PROFILES

  • 13.1 Johnson and Johnson Services, Inc.
    • 13.1.1 Key Facts
    • 13.1.2 Business Description
    • 13.1.3 Products and Services
    • 13.1.4 Financial Overview
    • 13.1.5 SWOT Analysis
    • 13.1.6 Key Developments
  • 13.2 Alcon Inc.
    • 13.2.1 Key Facts
    • 13.2.2 Business Description
    • 13.2.3 Products and Services
    • 13.2.4 Financial Overview
    • 13.2.5 SWOT Analysis
    • 13.2.6 Key Developments
  • 13.3 OASIS Medical
    • 13.3.1 Key Facts
    • 13.3.2 Business Description
    • 13.3.3 Products and Services
    • 13.3.4 Financial Overview
    • 13.3.5 SWOT Analysis
    • 13.3.6 Key Developments
  • 13.4 Abbvie Inc.
    • 13.4.1 Key Facts
    • 13.4.2 Business Description
    • 13.4.3 Products and Services
    • 13.4.4 Financial Overview
    • 13.4.5 SWOT Analysis
    • 13.4.6 Key Developments
  • 13.5 Bayer AG
    • 13.5.1 Key Facts
    • 13.5.2 Business Description
    • 13.5.3 Products and Services
    • 13.5.4 Financial Overview
    • 13.5.5 SWOT Analysis
    • 13.5.6 Key Developments
  • 13.6 Prestige Consumer Healthcare Inc.
    • 13.6.1 Key Facts
    • 13.6.2 Business Description
    • 13.6.3 Products and Services
    • 13.6.4 Financial Overview
    • 13.6.5 SWOT Analysis
    • 13.6.6 Key Developments
  • 13.7 Santen Pharmaceutical Co., Ltd.
    • 13.7.1 Key Facts
    • 13.7.2 Business Description
    • 13.7.3 Products and Services
    • 13.7.4 Financial Overview
    • 13.7.5 SWOT Analysis
    • 13.7.6 Key Developments
  • 13.8 Bausch Health Companies Inc.
    • 13.8.1 Key Facts
    • 13.8.2 Business Description
    • 13.8.3 Products and Services
    • 13.8.4 Financial Overview
    • 13.8.5 SWOT Analysis
    • 13.8.6 Key Developments
  • 13.9 Aurolab
    • 13.9.1 Key Facts
    • 13.9.2 Business Description
    • 13.9.3 Products and Services
    • 13.9.4 Financial Overview
    • 13.9.5 SWOT Analysis
    • 13.9.6 Key Developments

14. Appendix

  • 14.1 About the Insight Partners
  • 14.2 Glossary of Terms

List Of Tables

  • Table 1. China: Artificial Tears Market, by Type - Revenue and Forecast to 2028 (USD Million)
  • Table 2. China: Artificial Tears Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
  • Table 3. China: Artificial Tears Market, by Application - Revenue and Forecast to 2028 (USD Million)
  • Table 4. Japan: Artificial Tears Market, by Type - Revenue and Forecast to 2028 (USD Million)
  • Table 5. Japan: Artificial Tears Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
  • Table 6. Japan: Artificial Tears Market, by Application - Revenue and Forecast to 2028 (USD Million)
  • Table 7. India: Artificial Tears Market, by Type - Revenue and Forecast to 2028 (USD Million)
  • Table 8. India: Artificial Tears Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
  • Table 9. India: Artificial Tears Market, by Application - Revenue and Forecast to 2028 (USD Million)
  • Table 10. Australia: Artificial Tears Market, by Type - Revenue and Forecast to 2028 (USD Million)
  • Table 11. Australia: Artificial Tears Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
  • Table 12. Australia: Artificial Tears Market, by Application - Revenue and Forecast to 2028 (USD Million)
  • Table 13. South Korea: Artificial Tears Market, by Type - Revenue and Forecast to 2028 (USD Million)
  • Table 14. South Korea: Artificial Tears Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
  • Table 15. South Korea: Artificial Tears Market, by Application - Revenue and Forecast to 2028 (USD Million)
  • Table 16. Rest of Asia-Pacific: Artificial Tears Market, by Type - Revenue and Forecast to 2028 (USD Million)
  • Table 17. Rest of Asia-Pacific: Artificial Tears Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
  • Table 18. Rest of Asia-Pacific: Artificial Tears Market, by Application - Revenue and Forecast to 2028 (USD Million)
  • Table 19. Organic Developments Done by Companies
  • Table 20. Inorganic Developments Done by Companies
  • Table 21. Glossary of Terms, Artificial Tears Market

List Of Figures

  • Figure 1. Artificial Tears Market Segmentation
  • Figure 2. Asia Pacific Artificial Tears Market Overview
  • Figure 3. Glycerin Derived Tears Segment Held Largest Share of Type in Artificial Tears Market
  • Figure 4. Japan is Expected to Show Remarkable Growth During the Forecast Period
  • Figure 5. Artificial Tears Market - Asia Pacific PEST Analysis
  • Figure 6. Artificial Tears Market Impact Analysis of Driver and Restraints
  • Figure 7. Asia Pacific Artificial Tears Market - Revenue Forecasts and Analysis - 2020- 2028
  • Figure 8. Artificial Tears Market Revenue Share, by Type (2020 and 2028)
  • Figure 9. Cellulose Derived Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 10. Glycerin Derived Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 11. Oil-based Emulsion Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 12. Polyethylene Glycol Based Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 13. Propylene Glycol Based Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 14. Sodium Hyaluronate Based Artificial Tears: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 15. Artificial Tears Market Revenue Share, by Delivery Mode (2020 and 2028)
  • Figure 16. Eye Drops: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 17. Ointments: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 18. Artificial Tears Market Share, by Application, 2020 and 2028 (%)
  • Figure 19. Dry Eyes Treatment: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 20. Contact Lenses Moisture: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 21. Asia-Pacific: Artificial Tears Market, by Key Country - Revenue (2020) (USD Million)
  • Figure 22. Asia-Pacific: Artificial Tears Market, by Country, 2020 & 2028 (%)
  • Figure 23. China: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
  • Figure 24. Japan: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
  • Figure 25. India: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
  • Figure 26. Australia: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
  • Figure 27. South Korea: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
  • Figure 28. Rest of Asia-Pacific: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)
  • Figure 29. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
  • Figure 30. Growth Strategies Done by the Companies in the Market, (%)