Allergy-Relieving Eye Drops Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Allergy-Relieving Eye Drops Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • Transparency Market Research
  • Ongoing
  • Pharmaceutical

Report Description

Itchy, red and watery eyes are the primary symptoms of allergy. Allergic eye is a very common ocular problem. The prevalence of the condition has been increasing over the years through environmental factors such as pollen, dust and pet dander. Approximately 2.7 percent of the several medical consultations across the globe are accounted for acute allergic diseases. Several kinds of allergic eye diseases have been identified which include seasonal allergic conjunctivitis (SAC), perennial allergic conjunctivitis, atopic keratoconjunctivitis, atopic blepharoconjunctivitis, vernal keratoconjunctivitis, giant papillary conjunctivitis, and contact dermatitis.

The key to treating eye allergies is to avoid or limit contact with the substance causing the problem. Rinsing out the eyes is the basic home remedy which can be immediately followed if eyes are itchy, red and burning. However, in some cases only rinsing out the eyes are not sufficient and allergies should be treated with eye drops, else occasionally severe eye allergies cause serious damage that can even threaten eyesight. This is the precise reason that the growth can be seen in eye drops market. 

Allergy-relieving eye drops market: Segmentation and treatment

The global allergy-relieving eye drops market segmented on the basis of class into antihistamines, anti-inflammatory, decongestant, mast cell stabilizers and multiple action. Antihistamines include popular drugs such as emedastine difumarate, levocabastine and azelastine hydrochloride, while the anti-inflammatory class include Non-Steroidal Anti-Inflammatory Drugs (NSAID) and corticosteroids. The decongestant eye drops include naphazoline hydrochloric acid, tetrahydrozoline HCL phenylephrine HCL and oxymetazoline. Mast cell stabilizers such as ketotifen fumarate are available over-the-counter while other mast cell stabilizers require prescription and include pemirolast potassium, nedocromil sodium, lodoxamide and cromolyn.

The multiple action allergy relieving eye drops such as antihistamine/decongestant combination are also available. These products help to reduce redness, itching, watery eyes and blurriness.

Allergy-relieving eye drops market: Regions

On the basis of geography, the global allergy-relieving eye drops market is segmented into four major regions, namely, North America, Europe, Asia-Pacific and Rest of the World. The global market was led by the North America region where the demand for these eye drops has always been maximum. Approximately, 54 million people that is about 20 percent of the U.S. population, have symptoms of allergies and almost half of these people have allergic eye diseases. Not only in U.S but the demand is also substantially rising in the regions of Asia-Pacific and few countries within the Latin America region. This would increase market share of these products in the region and help the global market to expand further.

Allergy-relieving eye drops market: Key players

Some of the companies in the global allergy-relieving eye drops market include Novartis AG, Allergan, Inc., Meda Pharmaceuticals Inc., Bausch & Lomb Inc., Cigna, and Similasan Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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