Sodium Hyaluronate Eye Drops Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Sodium Hyaluronate Eye Drops Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • January 2038
  • Pharmaceutical
  • 0 pages

Report Description

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Sodium hyaluronate eye drops are used to treat eye soreness and dryness. They lubricate, moisten and soothe the surface of the eye, giving the eye a comfortable feeling. Sodium hyaluronate eye drops are also known as artificial tears. Sodium hyaluronate is a thick polymer and is found naturally in the human body, particularly in areas that need lubrication, such as eyes and joints. Sodium hyaluronate is an ideal molecule in eye lubrication. It can efficaciously protect the ocular tissues against harmful oxidative wounds caused by free radicals due to its antioxidant properties. Topical ophthalmic sodium hyaluronate application has been observed to be safe and well-tolerated in both short and long-term usages. Most cases of dry eye are associated with diabetes.

Rise in government initiatives and awareness among people, increase in prevalence of dry eye disease,  and upsurge in clinical trial activity for sodium hyaluronate eye drops are the key accelerating factors for the global sodium hyaluronate eye drops market. According to Touch Digital Media Limited, dry eye disease (DED) is a leading cause of visits to ophthalmologists. However, stringent regulations for product approval are anticipated to hinder the growth of the global sodium hyaluronate eye drops market growth. Nonetheless, factors such as unmet medical needs and rise in demand in emerging countries are projected to create attractive opportunities for the sodium hyaluronate eye drops market. According to a study, worldwide about 100 million people are affected with dry eye disease and yet in most cases dry eye remains undiagnosed and therefore untreated.

The global sodium hyaluronate eye drops market can be segmented based on indication, age group, distribution channel, and geography. In terms of indication, the sodium hyaluronate eye drops market can be classified into sjögren's syndrome, conjunctival and corneal epithelial injuries, Stevens-Johnson syndrome, and others. Based on age group, the sodium hyaluronate eye drops market can be divided into adult and pediatrics. In terms of distribution channel, the sodium hyaluronate eye drops market can be categorized into hospital pharmacies, retail pharmacies, and others.

Based on geography, the global sodium hyaluronate eye drops market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the sodium hyaluronate eye drops market. Factors such as increase in the number of clinical trial activities, early adoption of treatment products, and rise in the patient pool undergoing diagnosis in the U.S. are anticipated to drive the sodium hyaluronate eye drops market in North America during the forecast period. According to the National Health and Wellness Survey 2017, 6.8% of the adult population in the U.S., which is 16.4 million people, has been diagnosed with dry eye disease. Europe is the second leading sodium hyaluronate eye drops market. The sodium hyaluronate eye drops market in Asia Pacific is expected to expand at a significant pace during the forecast period due to rise in awareness among people regarding eye diseases, awareness programs conducted by leading players, growth of aging population, etc. In November 2017, Novartis International AG promoted awareness on dry eye syndrome, a common condition prevalent among computer users. Latin America and Middle East & Africa are emerging markets for sodium hyaluronate eye drops. Rapid population growth, rise in awareness among people regarding eye diseases, and government initiatives are the key drivers of the sodium hyaluronate eye drops market in these regions.

Major players operating in the sodium hyaluronate eye drops market include TRB Chemedica International SA, Alcon, Bausch & Lomb, Santen Pharmaceutical Co., Ltd., Abbott Medical Optics Inc., Altacor Limited, Medicom Healthcare, Thea Pharmaceuticals Limited, Scope Ophthalmics Ltd., and Mid-Optic Ltd.

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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