Artificial Tears Market is segmented By Type (Polyethylene Glycols (PEG) and Polypropylene Glycols (PPG), , Cellulose, Others), By Delivery (Eye Drops....
Market Size in USD Bn
CAGR5.93%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 5.93% |
Market Concentration | High |
Major Players | Allergan (AbbVie Inc.), Alcon Inc., Bausch & Lomb, Santen Pharmaceutical Co., Ltd., Novartis AG and Among Others |
The artificial tears market is estimated to be valued at USD 3.52 Bn in 2024 and is expected to reach USD 5.27 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 5.93% from 2024 to 2031. The artificial tears market is witnessing positive growth globally driven by increasing prevalence of dry eye disorders associated with prolonged exposure to digital devices and growing usage of contact lenses.