Artificial Tears Market to Grow at a CAGR of 5.5% to reach US$ 3,961.63 million from 2019 to 2028

Artificial Tears Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Cellulose Derived Tears, Glycerin Derived Tears, Oil-Based Emulsion Tears, Polythylene Glycol Based Tears, Propylene Glycol Based Tears, and Sodium Hyaluronate Based Artificial Tears), Delivery Mode (Eye Drops and Ointments), and Application (Dry Eyes Treatment and Contact Lenses Moisture)

  • Report Code : TIPRE00004073
  • Category : Pharmaceuticals
  • Status : Published
  • No. of Pages : 170
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The artificial tears market was valued at US$ 2,612.91 million in 2020 and is projected to reach US$ 3,961.63 million by 2028; it is expected to grow at a CAGR of 5.5% from 2021 to 2028.

The major factors driving to the growth of the market are rising dry eye incidence and surging older population. However, poor accessibility to eye care services in low-income countries restrains the market growth. Artificial tears are lubricant eye drops used for treating the irritation and dryness associated with the deficiency in tear production in dry eyes or keratoconjunctivitis sicca. These are also used for moistening contact lenses and during eye checkups and examinations. Aging makes people more susceptible to eye conditions, such as dry eye, which propels the demand for artificial tears. Thus, the rapidly surging aging population is primarily contributing in the growth of the artificial tears market. Also, the increasing number of eye surgeries and post eye surgery management is boosting the market growth.

Europe is recording an exponential growth in the number of COVID-19 confirmed cases. Spain, Germany, France, Italy, and the UK are the most affected countries in the region. Amid pandemic, people in European countries are spending more time indoors by keeping the central heating and staring at an electronic screen for long time. Therefore, the incidence of  dry eye syndrome in increasing in the pandemic. According to studies, one in every four persons in the UK (about 13 million adults) suffers from dry eye, a condition that causes red, itchy, and fatigued eyes. Eye strain, another eye issue that has become more widespread in line with an increase in time spent staring at screens, can exacerbate these symptoms.


Lucrative Regions for Artificial Tears Market

Lucrative Regions for Artificial Tears Market
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Market Insights

Rising Incidence of Dry Eye

The incidence of dry eye is rising among population, especially in developed nations. Dry eye is caused by multiple factors that result in discomfort, irritation, and visual disturbance. For instance, according to a study “National Health and Wellness Survey” conducted in the US in April 2020, 16.4 million people were diagnosed with dry eye. The data also stated that the prevalence has gone up by 2.7% among the people of age 18−34 years. Additionally, the prevalence was 18.6% among older people. Based on sex, the percentage of prevalence was higher in women; it accounted for 8.8% than men with 4.5%. The dry eye incidence is higher among the population in the European and Asia Pacific regions. The Middle East & Africa also has an increasing prevalence of dry eye due surging aging population and environmental conditions. According to an article published in 2019 by the Department of Research, King Khaled Eye Specialist Hospital, Riyadh, Saudi Arabia, the incidence of dry eye is high among women. The increasing incidence of dry eye is leading to the rise in direct cost of treatment. According to Ocular Surgery News, the annual direct cost for mild dry eye symptom treatment was US$ 678, for moderate dry eye symptom was US$ 771, and for the severe dry eye symptom was US$ 1,267. Artificial tears drop provide moisture and relief for dry eyes. Thus, the increasing prevalence of dry eye is expected to drive the artificial tears market during the forecast period.

Type-Based Insights

Based on type, the artificial tears market is segmented into cellulose derived tears, glycerin derived tears, oil-based emulsion tears, polythylene glycol-based tears, propylene glycol-based tears, and sodium hyaluronate based artificial tears. The glycerin derived tears segment held the largest share of the market in 2020. The market growth for this segment is attributed to the easy availability and ability of glycerin derived tears to keep eyes moist for long time. Glycerin is a humectant, as well as a demulcent and lubricant. It also promotes the growth of epithelial cell and reduces the harmful effects of high osmolarity on the ocular surface. Povidone is a lipid that binds to the tear film's existing oil layer, thickening it and reducing evaporation. Further, the glycerin derived tears segment is expected to register the highest CAGR during 2021–2028.

Artificial Tears Market, by Type – 2020 and 2028

Artificial Tears Market, by Type – 2020 and 2028
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Delivery Mode-Based Insights

Based on delivery mode, the artificial tears market is bifurcated into eye drops and ointments. The eye drops segment held a larger share of the market in 2020 and is estimated to register a higher CAGR in the market during the forecast period. The market growth for this segment is majorly attributed to the availability of wide range of products, and easy application.

Application-Based Insights

Based on application, the artificial tears market is bifurcated into dry eyes treatment and contact lenses moisture. The dry eyes treatment segment held a larger share of the market in 2020 and is estimated to register a higher CAGR in the market during the forecast period. The market growth for this segment is majorly attributed to the increasing use of electronic devices and rising product launches by market players.

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Artificial Tears Market: Strategic Insights

artificial-tears-market
Market Size Value inUS$ 2,612.91 Million in 2020
Market Size Value byUS$ 3,961.63 Million by 2028
Growth rateCAGR of 5.5% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Akshay

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Companies operating in the artificial tears market adopt the product innovations strategy to meet the evolving customer demands across the world, which also permits them to maintain their brand name in the global market.

Artificial Tears Market – by Type

  • Glycerin Derived Tears
  • Cellulose Derived Tears
  • Oil-based Emulsion Tears
  • Polythylene Glycol Based Tears
  • Sodium Hyaluronate Based Artificial Tears
  • Propylene Glycol Based Tears

Artificial Tears Market – by Delivery Mode

  • Eye Drops
  • Ointments

Artificial Tears Market – by Application

  • Dry Eyes Treatment
  • Contact Lenses Moisture

Artificial Tears Market– by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South and Central America (SCAM)

    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • Johnson and Johnson Services, Inc.
  • Alcon Inc.
  • OASIS Medical
  • AbbVie Inc.
  • Bayer AG
  • Prestige Consumer Healthcare Inc.
  • Santen Pharmaceutical Co., Ltd.
  • Bausch Health Companies Inc.
  • Akorn, Incorporated
  • Aurolab
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type , Delivery Mode , and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are artificial tears?

Artificial tears are lubricant eye drops used for treating the irritation and dryness associated with the deficiency in tear production in dry eyes or keratoconjunctivitis sicca. These are also used for moistening contact lenses and during eye checkups and examinations. The rapidly growing aging population is primarily contributing in the growth of the artificial tears market. Aging makes people more susceptible to eye conditions such as dry eye, resulting in high demand for artificial tears. Also, increasing number of eye surgeries and post eye surgery management is further boosting the growth of the artificial tears market.

What are the driving factors for the artificial tears market across the globe?

The factors that are driving growth of the market are rising incidence of dry eye and growing older population. Also, industrial developments are accelerating the growth of the market.

Who are the major players in the artificial tears market?

The artificial tears market majorly consists of the players such as Johnson and Johnson Services, Inc., Alcon Inc., OASIS Medical, AbbVie Inc., Bayer AG, Prestige Consumer Healthcare Inc., Santen Pharmaceutical Co., Ltd., Bausch Health Companies Inc., Akorn, Incorporated, Aurolab amongst others amongst others.

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global Artificial Tears Market – By Type

1.3.2 Global Artificial Tears Market – By Delivery Mode

1.3.3 Global Artificial Tears Market – By Application

1.3.4 Global Artificial Tears Market – By Geography

2. Artificial Tears Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Global Artificial Tears Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 North America – PEST Analysis

4.2.2 Europe – PEST Analysis

4.2.3 Asia Pacific – PEST Analysis

4.2.4 Middle East and Africa (MEA) – PEST Analysis

4.2.5 South and Central America (SCAM) – PEST Analysis

4.3 Expert Opinions

5. Artificial Tears Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Incidence of Dry Eye

5.1.2 Growing Older Population

5.2 Market Restraints

5.2.1 Poor Accessibility to Eye Care Services in Low-Income Countries

5.3 Market Opportunities

5.3.1 Increasing Number of Industrial Developments

5.4 Future Trends

5.4.1 Changes in Lifestyle

5.5 Impact Analysis

6. Artificial Tears Market – Global Analysis

6.1 Global Artificial Tears Market Revenue Forecast and Analysis

6.2 Global Artificial Tears Market, By Geography - Forecast and Analysis

6.3 Market Positioning of Key Players

7. Artificial Tears Market Analysis – By Type

7.1 Overview

7.2 Artificial Tears Market Revenue Share, by Type (2020 and 2028)

7.3 Cellulose Derived Tears

7.3.1 Overview

7.3.2 Cellulose Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Glycerin Derived Tears

7.4.1 Overview

7.4.2 Glycerin Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Oil-based Emulsion Tears

7.5.1 Overview

7.5.2 Oil-based Emulsion Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Polyethylene Glycol Based Tears

7.6.1 Overview

7.6.2 Polyethylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Propylene Glycol Based Tears

7.7.1 Overview

7.7.2 Propylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.8 Sodium Hyaluronate Based Artificial Tears

7.8.1 Overview

7.8.2 Sodium Hyaluronate Based Artificial Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

8. Artificial Tears Market Analysis – By Delivery Mode

8.1 Overview

8.2 Artificial Tears Market Revenue Share, by Delivery Mode (2020 and 2028)

8.3 Eye Drops

8.3.1 Overview

8.3.2 Eye Drops: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Ointments

8.4.1 Overview

8.4.2 Ointments: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

9. Artificial Tears Market Analysis – By Application

9.1 Overview

9.2 Artificial Tears Market Share, by Application, 2020 and 2028, (%)

9.3 Dry Eyes Treatment

9.3.1 Overview

9.3.2 Dry Eyes Treatment: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Contact Lenses Moisture

9.4.1 Overview

9.4.2 Contact Lenses Moisture: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

10. Artificial Tears Market – Geographic Analysis

10.1 North America: Artificial Tears Market

10.1.1 Overview

10.1.2 North America: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.3 North America: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.4 North America: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.5 North America: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.1.6 North America: Artificial Tears Market, by Country, 2020 & 2028 (%)

10.1.6.1 US: Artificial Tears Market– Revenue and Forecast to 2028 (USD Million)

10.1.6.1.1 US: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.6.1.2 US: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.6.1.3 US: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.6.1.4 US: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.1.6.2 Canada: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.6.2.1 Canada: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.6.2.2 Canada: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.6.2.3 Canada: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.6.2.4 Canada: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.1.6.3 Mexico: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.6.3.1 Mexico: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.6.3.2 Mexico Artificial Tears Market, by Type – 2019–2028 (USD Million)

10.1.6.3.3 Mexico Artificial Tears Market, by Delivery Mode – 2019–2028 (USD Million)

10.1.6.3.4 Mexico Artificial Tears Market, by Application – 2019–2028 (USD Million)

10.2 Europe: Artificial Tears Market

10.2.1 Overview

10.2.2 Europe: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.3 Europe: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.2.4 Europe: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.2.5 Europe: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.2.6 Europe: Artificial Tears Market, by Country, 2020 & 2028(%)

10.2.6.1 Germany: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.1.1 Germany: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.1.2 Germany: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.2.6.1.3 Germany: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.2.6.1.4 Germany: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.2.6.2 France: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.2.1 France: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.2.2 France: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.2.6.2.3 France: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.2.6.2.4 France: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.2.6.3 UK: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.3.1 UK: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.3.2 UK: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.2.6.3.3 UK: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.2.6.3.4 UK: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.2.6.4 Italy: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.4.1 Italy: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.4.2 Italy: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.2.6.4.3 Italy: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.2.6.4.4 Italy: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.2.6.5 Spain: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.5.1 Spain: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.5.2 Spain: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.2.6.5.3 Spain: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.2.6.5.4 Spain: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.2.6.6 Rest of Europe: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.6.1 Rest of Europe: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.2.6.6.2 Rest of Europe: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.2.6.6.3 Rest of Europe: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.2.6.6.4 Rest of Europe: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.3 Asia Pacific: Artificial Tears Market

10.3.1 Overview

10.3.2 Asia-Pacific: Artificial Tears Market - Revenue and Forecast to 2028 (USD Million)

10.3.3 Asia-Pacific: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.3.4 Asia-Pacific: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.3.5 Asia-Pacific: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.3.6 Asia-Pacific: Artificial Tears Market, by Country, 2020 & 2028 (%)

10.3.6.1 China: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.1.1 China: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.1.2 China: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.3.6.1.3 China: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.3.6.1.4 China: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.3.6.2 Japan: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.2.1 Japan: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.2.2 Japan: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.3.6.2.3 Japan: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.3.6.2.4 Japan: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.3.6.3 India: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.3.1 India: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.3.2 India: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.3.6.3.3 India: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.3.6.3.4 India: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.3.6.4 Australia: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.4.1 Australia: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.4.2 Australia: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.3.6.4.3 Australia: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.3.6.4.4 Australia: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.3.6.5 South Korea: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.5.1 South Korea: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.5.2 South Korea: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.3.6.5.3 South Korea: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.3.6.5.4 South Korea: Artificial Tears Market, by Application, 2019–2028 (USD Million)

10.3.6.6 Rest of Asia-Pacific: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.6.1 Rest of Asia-Pacific: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.3.6.6.2 Rest of Asia-Pacific: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.3.6.6.3 Rest of Asia-Pacific: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.3.6.6.4 Rest of Asia-Pacific: Artificial Tears Market, by Application, by Artificial Tears, 2019–2028 (USD Million)

10.4 Middle East & Africa: Artificial Tears Market

10.4.1 Overview

10.4.2 Middle East & Africa: Artificial Tears Market - Revenue and Forecast to 2028 (US$ Million)

10.4.3 Middle East & Africa Artificial Tears Market, by Type – 2019–2028 (USD Million)

10.4.4 Middle East & Africa Artificial Tears Market, by Delivery Mode – 2019–2028 (USD Million)

10.4.5 Middle East & Africa Artificial Tears Market, by Application – 2019–2028 (USD Million)

10.4.6 Middle East & Africa: Artificial Tears Market, by Country, 2020 & 2028 (%)

10.4.6.1 Saudi Arabia: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.4.6.1.1 Saudi Arabia: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.4.6.1.2 Saudi Arabia Artificial Tears Market, by Type – 2019–2028 (USD Million)

10.4.6.1.3 Saudi Arabia Artificial Tears Market, by Delivery Mode – 2019–2028 (USD Million)

10.4.6.1.4 Saudi Arabia Artificial Tears Market, by Application – 2019–2028 (USD Million)

10.4.6.2 UAE: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.4.6.2.1 UAE: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.4.6.2.2 UAE Artificial Tears Market, by Type – 2019–2028 (USD Million)

10.4.6.2.3 UAE Artificial Tears Market, by Delivery Mode – 2019–2028 (USD Million)

10.4.6.2.4 UAE Artificial Tears Market, by Application – 2019–2028 (USD Million)

10.4.6.3 South Africa: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.4.6.3.1 South Africa: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.4.6.3.2 South Africa Artificial Tears Market, by Type – 2019–2028 (USD Million)

10.4.6.3.3 South Africa Artificial Tears Market, by Delivery Mode – 2019–2028 (USD Million)

10.4.6.3.4 South Africa Artificial Tears Market, by Application – 2019–2028 (USD Million)

10.4.6.4 Rest of Middle East and Africa: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.4.6.4.1 Rest of Middle East & Africa: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.4.6.4.2 Rest of Middle East and Africa Artificial Tears Market, by Type – 2019–2028 (USD Million)

10.4.6.4.3 Rest of Middle East and Africa Artificial Tears Market, by Delivery Mode – 2019–2028 (USD Million)

10.4.6.4.4 Rest of Middle East and Africa Artificial Tears Market, by Application – 2019–2028 (USD Million)

10.5 South and Central America: Artificial Tears Market

10.5.1 Overview

10.5.2 South and Central America: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.5.3 South and Central America: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.5.4 South and Central America: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.5.5 South and Central America: Artificial Tears Market, Application, 2019–2028 (USD Million)

10.5.6 South and Central America: Artificial Tears Market, by Country, 2020 & 2028 (%)

10.5.6.1 Brazil: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.5.6.1.1 Brazil: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.5.6.1.2 Brazil: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.5.6.1.3 Brazil: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.5.6.1.4 Brazil: Artificial Tears Market, Application, 2019–2028 (USD Million)

10.5.6.2 Argentina: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.5.6.2.1 Argentina: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.5.6.2.2 Argentina: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.5.6.2.3 Argentina: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.5.6.2.4 Argentina: Artificial Tears Market, Application, 2019–2028 (USD Million)

10.5.6.3 Rest of South and Central America: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.5.6.3.1 Rest of South and Central America: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.5.6.3.2 Rest of South and Central America: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.5.6.3.3 Rest of South and Central America: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.5.6.3.4 Rest of South and Central America: Artificial Tears Market, Application, 2019–2028 (USD Million)

11. Impact of COVID-19 Pandemic on Global Artificial Tears Market

11.1 North America: Impact Assessment of COVID-19 Pandemic

11.2 Europe: Impact Assessment of COVID-19 Pandemic

11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic

11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

11.5 South and Central America: Impact Assessment of COVID-19 Pandemic

12. Artificial Tears Market– Industry Landscape

12.1 Overview

12.2 Growth Strategies Done by the Companies in the Market, (%)

12.3 Organic Developments

12.3.1 Overview

12.4 Inorganic Developments

12.4.1 Overview

13. Company Profiles

13.1 Johnson and Johnson Services, Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Alcon Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 OASIS Medical

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Abbvie Inc.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Bayer AG

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Prestige Consumer Healthcare Inc.

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Santen Pharmaceutical Co., Ltd.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Bausch Health Companies Inc.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Akorn, Incorporated

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Aurolab

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About the Insight Partners

14.2 Glossary of Terms, Artificial Tears Market

LIST OF TABLES

Table 1. North America Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 2. North America Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 3. North America Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4. US Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 5. US Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 6. US Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 7. Canada Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 8. Canada Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 9. Canada Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10. Mexico Artificial Tears Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 11. Mexico Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 12. Mexico Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 13. Europe: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 14. Europe: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 15. Europe: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 16. Germany: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 17. Germany: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 18. Germany: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 19. France: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 20. France: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 21. France: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 22. UK: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 23. UK: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 24. UK: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 25. Italy: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 26. Italy: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 27. Italy: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 28. Spain: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 29. Spain: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 30. Spain: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 31. Rest of Europe: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 32. Rest of Europe: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 33. Rest of Europe: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 34. Asia-Pacific Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 35. Asia-Pacific: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 36. Asia-Pacific Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 37. China: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 38. China: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 39. China: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 40. Japan: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 41. Japan: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 42. Japan: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 43. India: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 44. India: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 45. India: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 46. Australia: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 47. Australia: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 48. Australia: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 49. South Korea: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 50. South Korea: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 51. South Korea: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 52. Rest of Asia-Pacific: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 53. Rest of Asia-Pacific: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 54. Rest of Asia-Pacific: Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 55. Middle East & Africa Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 56. Middle East & Africa Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 57. Middle East & Africa Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 58. Saudi Arabia Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 59. Saudi Arabia Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 60. Saudi Arabia Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 61. UAE Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 62. UAE Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 63. UAE Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 64. South Africa Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 65. South Africa Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 66. South Africa Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 67. Rest of Middle East and Africa Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 68. Rest of Middle East and Africa Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 69. Rest of Middle East and Africa Artificial Tears Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 70. South and Central America: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 71. South and Central America: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 72. South and Central America: Artificial Tears Market, Application – Revenue and Forecast to 2028 (USD Million)

Table 73. Brazil: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 74. Brazil: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 75. Brazil: Artificial Tears Market, Application – Revenue and Forecast to 2028 (USD Million)

Table 76. Argentina: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 77. Argentina: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 78. Argentina: Artificial Tears Market, Application – Revenue and Forecast to 2028 (USD Million)

Table 79. Rest of South and Central America: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 80. Rest of South and Central America: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 81. Rest of South and Central America: Artificial Tears Market, Application – Revenue and Forecast to 2028 (USD Million)

Table 82. Organic Developments Done by Companies

Table 83. Inorganic Developments Done by Companies

Table 84. List of Abbreviation

LIST OF FIGURES

Figure 1. Artificial Tears Market Segmentation

Figure 2. Artificial Tears Market Segmentation, By Region

Figure 3. Artificial Tears Market Overview

Figure 4. Glycerin Derived Tears Segment Held Largest Share of Artificial Tears Market

Figure 5. Asia Pacific to Show Significant Growth During Forecast Period

Figure 6. Artificial Tears Market, by Geography (US$ Million)

Figure 7. Global Artificial Tears Market – Leading Country Markets (US$ Million)

Figure 8. Global Artificial Tears Market, Industry Landscape

Figure 9. North America PEST Analysis

Figure 10. Europe PEST Analysis

Figure 11. Asia Pacific PEST Analysis

Figure 12. Middle East and Africa (MEA) PEST Analysis

Figure 13. South and Central America (SCAM) PEST Analysis

Figure 14. Global Artificial Tears Market – Revenue Forecast and Analysis – 2020- 2028

Figure 15. Global Artificial Tears Market – By Geography Forecast and Analysis – 2020- 2028

Figure 16. Market Positioning of Key Players in Global Artificial Tears Market

Figure 17. Artificial Tears Market Revenue Share, by Type (2020 and 2028)

Figure 18. Cellulose Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Glycerin Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Oil-based Emulsion Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Polyethylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Propylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Sodium Hyaluronate Based Artificial Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Artificial Tears Market Revenue Share, by Delivery Mode (2020 and 2028)

Figure 25. Eye Drops: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Ointments: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Artificial Tears Market Share, by Application, 2020 and 2028 (%)

Figure 28. Dry Eyes Treatment: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Contact Lenses Moisture: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. North America: Artificial Tears Market, by Key Country – Revenue (2020) (USD Million)

Figure 31. North America Artificial Tears Market Revenue and Forecast to 2028 (USD Million)

Figure 32. North America: Artificial Tears Market, by Country, 2020 & 2028 (%)

Figure 33. US: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 34. Canada: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 35. Mexico: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 36. Europe: Artificial Tears Market, by Key Country – Revenue (2020) (USD Million)

Figure 37. Europe: Artificial Tears Market Revenue and Forecast to 2028 (USD Million)

Figure 38. Europe: Artificial Tears Market, by Country, 2020 & 2028 (%)

Figure 39. Germany: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 40. France: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 41. UK: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 42. Italy: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 43. Spain: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 44. Rest of Europe: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 45. Asia-Pacific: Artificial Tears Market, by Key Country – Revenue (2020) (USD Million)

Figure 46. Asia-Pacific Artificial Tears Market Revenue and Forecast to 2028 (USD Million)

Figure 47. Asia-Pacific: Artificial Tears Market, by Country, 2020 & 2028 (%)

Figure 48. China: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 49. Japan: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 50. India: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 51. Australia: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 52. South Korea: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 53. Rest of Asia-Pacific: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 54. Middle East & Africa: Artificial Tears Market, by Key Country – Revenue (2020) (USD Million)

Figure 55. Middle East & Africa Artificial Tears Market Revenue and Forecast to 2028 (USD Million)

Figure 56. Middle East & Africa: Artificial Tears Market, by Country, 2020 & 2028 (%)

Figure 57. Saudi Arabia: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 58. UAE: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 59. South Africa: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 60. Rest of Middle East & Africa: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 61. South and Central America: Artificial Tears Market, by Key Country – Revenue (2020) (USD Million)

Figure 62. South and Central America Artificial Tears Market Revenue and Forecast to 2028 (USD Million)

Figure 63. South and Central America: Artificial Tears Market, by Country, 2020 & 2028 (%)

Figure 64. Brazil: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 65. Argentina: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 66. Rest of South and Central America: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 67. Impact of COVID-19 Pandemic on Artificial Tears Market in North American Countries

Figure 68. Impact of COVID-19 Pandemic on Artificial Tears Market in European Countries

Figure 69. Impact of COVID-19 Pandemic on Artificial Tears Market in Asia Pacific Countries

Figure 70. Impact of COVID-19 Pandemic on Artificial Tears Market in Middle East and Africa

Figure 71. Impact of COVID-19 Pandemic on Artificial Tears Market in South and Central America

Figure 72. Growth Strategies Done by the Companies in the Market, (%)

The List of Companies - Artificial Tears Market

  1. Johnson and Johnson Services, Inc.
  2. Alcon Inc.
  3. OASIS Medical
  4. AbbVie Inc.
  5. Bayer AG
  6. Prestige Consumer Healthcare Inc.
  7. Santen Pharmaceutical Co., Ltd.
  8. Bausch Health Companies Inc.
  9. Akorn, Incorporated
  10. Aurolab

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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