San Francisco, California, Nov 02, 2018: A report by TMR Research, titled, “Artificial Tears Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” states that are different factors benefitting the market. Foremost among them is the large pool of elderly population which is growing by the day. This because, owing to weaker eyesight, the aged people are often afflicted with dry eye syndrome. The rising number of eye surgeries warranting management of dry eye condition post surgery also generating considerable demand in global artificial tears market.
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The different types of artificial tears available in the market can be categorized on the basis of their raw materials into glycerin-based tears, cellulose-derived tears, polyethylene glycol-based tears, propylene glycol-based tears, and oil-based emulsion tears. Among these, the glycerin-based tears are seeing substantial demand in the global artificial tears market because of their easy availability and capacity to keep the eyes moist for a long while. Going forward, however, cellulose-derived tears are expected to see greater uptake owing to the rising preference for natural products over the synthetic ones.
The report predicts that going forward, nimble companies operating in the global artificial tears market will likely tap into the promising and high growth market in emerging nations in Asia Pacific and Latin America. They are seen building products that are more effective and cater to the specific requirements of end users. To that end, they are expending money on research and development of better products.
One factor posing a challenge to the global artificial tears market is the cost conscious consumers in the developing nations who often prefer low cost products. This is dampening revenue growth to an extent. Besides, excess use of artificial tears can also have side effects. Hence, doctors advice limited use.
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Nevertheless, going forward, popularity of preservative-free tears will create new opportunities in the market. Some of the key players in the global artificial tears market are Novartis International AG, AbbottMedical Optics, Santen Pharmaceuticals, Bausch & Lomb, and Allergan Inc.