Dry eye is an ocular disorder in which the tear film and ocular surface are affected. It is caused due to lack of tear fluid in the eyes, which leads to insufficient lubrication. Dry eye syndrome is a common eye disorder mainly affecting the geriatric population. It is caused by the reduction in the production of tears due to old age. The treatment of dry eye syndrome is crucial as it is very severe and can affect a person's vision. Also, the users of contact lenses are at increased risk of this disease.
MARKET SCOPE
The "Global Dry Eye Treatment Device Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the dry eye treatment device market with detailed market segmentation by technology and geography. The report provides key statistics on the market status of the leading dry eye treatment device market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on technology, the global dry eye treatment device market is segmented into broadband light (BBL), intense pulsed light (IPL), meibomian gland expression (MGX) and combination (MGX+IPL).
MARKET DYNAMICS
Drivers:
- Increase in the contact lens wearers' number.
- Rise in usage of visual display terminals.
- Increase in demand for faster and non-invasive treatment.
- Increase in the number of clinical and research activities.
Restraints:
- Presence of various contraindications about intense pulsed light.
- Availability of alternative treatment options.
- High cost of laser treatment.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The dry eye treatment device market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the dry eye treatment device market in these regions.
IMPACT OF COVID-19 ON DRY EYE TREATMENT DEVICE MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic is expected to affect the dry eye treatment devices market growth negatively. As to reduce the virus transmission, the elective procedures were canceled and delayed that also caused fewer hospital visits which decreased the adoption of dry eye treatment devices. Moreover, due to the implementation of restrictive measures, the business operations were shut down, and as the eyes act as an entrance point for the virus, it caused a decline in the patient pool. Therefore, the market growth was impacted in the pandemic period. However, as the number of dry eye patients increases, it can lead to a surge in demand for the treatment devices after the removal of restrictive measures and the continuation of procedures.
MARKET PLAYERS
The report covers key developments in the dry eye treatment device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from dry eye treatment device market are anticipated to have lucrative growth opportunities in the future with the rising demand for dry eye treatment device in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dry eye treatment device market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Johnson & Johnson Vision Care
- Alcon, Inc.
- Beye
- Eyedetec Medical
- MiBo Medical Group
- Sight Sciences
- Lumenis
- ESW Vision
- NuSight Medical
- BlephEx LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.