Dry Eye Treatment Device Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Dry Eye Treatment Device Market covers analysis By Technology (Broadband light (BBL), Intense Pulsed Light (IPL), Meibomian Gland Expression (MGX), Combination (MGX+IPL)) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00024171
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

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.

World Geography

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MARKET PLAYERS


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.
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  • Report Coverage
    Report Coverage

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

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

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

    Country Scope
    Country Scope

    This text is related
    to country scope.

    TABLE OF CONTENTS

    1. INTRODUCTION
    1.1. SCOPE OF THE STUDY
    1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
    1.3. MARKET SEGMENTATION
    1.3.1 Dry Eye Treatment Device Market - By Technology
    1.3.2 Dry Eye Treatment Device Market - By Region
    1.3.2.1 By Country

    2. KEY TAKEAWAYS

    3. RESEARCH METHODOLOGY

    4. DRY EYE TREATMENT DEVICE 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 - Pest Analysis
    4.2.5 South and Central America - Pest Analysis
    4.3. EXPERT OPINIONS

    5. DRY EYE TREATMENT DEVICE MARKET - KEY MARKET DYNAMICS
    5.1. KEY MARKET DRIVERS
    5.2. KEY MARKET RESTRAINTS
    5.3. KEY MARKET OPPORTUNITIES
    5.4. FUTURE TRENDS
    5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

    6. DRY EYE TREATMENT DEVICE MARKET - GLOBAL MARKET ANALYSIS
    6.1. DRY EYE TREATMENT DEVICE - GLOBAL MARKET OVERVIEW
    6.2. DRY EYE TREATMENT DEVICE - GLOBAL MARKET AND FORECAST TO 2028
    6.3. MARKET POSITIONING

    7. DRY EYE TREATMENT DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
    7.1. OVERVIEW
    7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
    7.3. BROADBAND LIGHT (BBL)
    7.3.1. Overview
    7.3.2. Broadband light (BBL) Market Forecast and Analysis
    7.4. INTENSE PULSED LIGHT (IPL)
    7.4.1. Overview
    7.4.2. Intense Pulsed Light (IPL) Market Forecast and Analysis
    7.5. MEIBOMIAN GLAND EXPRESSION (MGX)
    7.5.1. Overview
    7.5.2. Meibomian Gland Expression (MGX) Market Forecast and Analysis
    7.6. COMBINATION (MGX+IPL)
    7.6.1. Overview
    7.6.2. Combination (MGX+IPL) Market Forecast and Analysis

    8. DRY EYE TREATMENT DEVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
    8.1. NORTH AMERICA
    8.1.1 North America Dry Eye Treatment Device Market Overview
    8.1.2 North America Dry Eye Treatment Device Market Forecasts and Analysis
    8.1.3 North America Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
    8.1.4 North America Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
    8.1.4.1 Canada Dry Eye Treatment Device Market
    8.1.4.1.1 Canada Dry Eye Treatment Device Market by Technology
    8.1.4.2 Mexico Dry Eye Treatment Device Market
    8.1.4.2.1 Mexico Dry Eye Treatment Device Market by Technology
    8.1.4.3 US Dry Eye Treatment Device Market
    8.1.4.3.1 US Dry Eye Treatment Device Market by Technology
    8.2. EUROPE
    8.2.1 Europe Dry Eye Treatment Device Market Overview
    8.2.2 Europe Dry Eye Treatment Device Market Forecasts and Analysis
    8.2.3 Europe Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
    8.2.4 Europe Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
    8.2.4.1 Germany Dry Eye Treatment Device Market
    8.2.4.1.1 Germany Dry Eye Treatment Device Market by Technology
    8.2.4.2 France Dry Eye Treatment Device Market
    8.2.4.2.1 France Dry Eye Treatment Device Market by Technology
    8.2.4.3 Italy Dry Eye Treatment Device Market
    8.2.4.3.1 Italy Dry Eye Treatment Device Market by Technology
    8.2.4.4 Spain Dry Eye Treatment Device Market
    8.2.4.4.1 Spain Dry Eye Treatment Device Market by Technology
    8.2.4.5 United Kingdom Dry Eye Treatment Device Market
    8.2.4.5.1 United Kingdom Dry Eye Treatment Device Market by Technology
    8.2.4.6 Rest of Europe Dry Eye Treatment Device Market
    8.2.4.6.1 Rest of Europe Dry Eye Treatment Device Market by Technology
    8.3. ASIA-PACIFIC
    8.3.1 Asia-Pacific Dry Eye Treatment Device Market Overview
    8.3.2 Asia-Pacific Dry Eye Treatment Device Market Forecasts and Analysis
    8.3.3 Asia-Pacific Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
    8.3.4 Asia-Pacific Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
    8.3.4.1 Australia Dry Eye Treatment Device Market
    8.3.4.1.1 Australia Dry Eye Treatment Device Market by Technology
    8.3.4.2 China Dry Eye Treatment Device Market
    8.3.4.2.1 China Dry Eye Treatment Device Market by Technology
    8.3.4.3 India Dry Eye Treatment Device Market
    8.3.4.3.1 India Dry Eye Treatment Device Market by Technology
    8.3.4.4 Japan Dry Eye Treatment Device Market
    8.3.4.4.1 Japan Dry Eye Treatment Device Market by Technology
    8.3.4.5 South Korea Dry Eye Treatment Device Market
    8.3.4.5.1 South Korea Dry Eye Treatment Device Market by Technology
    8.3.4.6 Rest of Asia-Pacific Dry Eye Treatment Device Market
    8.3.4.6.1 Rest of Asia-Pacific Dry Eye Treatment Device Market by Technology
    8.4. MIDDLE EAST AND AFRICA
    8.4.1 Middle East and Africa Dry Eye Treatment Device Market Overview
    8.4.2 Middle East and Africa Dry Eye Treatment Device Market Forecasts and Analysis
    8.4.3 Middle East and Africa Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
    8.4.4 Middle East and Africa Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
    8.4.4.1 South Africa Dry Eye Treatment Device Market
    8.4.4.1.1 South Africa Dry Eye Treatment Device Market by Technology
    8.4.4.2 Saudi Arabia Dry Eye Treatment Device Market
    8.4.4.2.1 Saudi Arabia Dry Eye Treatment Device Market by Technology
    8.4.4.3 U.A.E Dry Eye Treatment Device Market
    8.4.4.3.1 U.A.E Dry Eye Treatment Device Market by Technology
    8.4.4.4 Rest of Middle East and Africa Dry Eye Treatment Device Market
    8.4.4.4.1 Rest of Middle East and Africa Dry Eye Treatment Device Market by Technology
    8.5. SOUTH AND CENTRAL AMERICA
    8.5.1 South and Central America Dry Eye Treatment Device Market Overview
    8.5.2 South and Central America Dry Eye Treatment Device Market Forecasts and Analysis
    8.5.3 South and Central America Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
    8.5.4 South and Central America Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
    8.5.4.1 Brazil Dry Eye Treatment Device Market
    8.5.4.1.1 Brazil Dry Eye Treatment Device Market by Technology
    8.5.4.2 Argentina Dry Eye Treatment Device Market
    8.5.4.2.1 Argentina Dry Eye Treatment Device Market by Technology
    8.5.4.3 Rest of South and Central America Dry Eye Treatment Device Market
    8.5.4.3.1 Rest of South and Central America Dry Eye Treatment Device Market by Technology

    9. INDUSTRY LANDSCAPE
    9.1. MERGERS AND ACQUISITIONS
    9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
    9.3. NEW PRODUCT LAUNCHES
    9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

    10. DRY EYE TREATMENT DEVICE MARKET, KEY COMPANY PROFILES
    10.1. JOHNSON AND JOHNSON VISION CARE
    10.1.1. Key Facts
    10.1.2. Business Description
    10.1.3. Products and Services
    10.1.4. Financial Overview
    10.1.5. SWOT Analysis
    10.1.6. Key Developments
    10.2. ALCON, INC.
    10.2.1. Key Facts
    10.2.2. Business Description
    10.2.3. Products and Services
    10.2.4. Financial Overview
    10.2.5. SWOT Analysis
    10.2.6. Key Developments
    10.3. BEYE
    10.3.1. Key Facts
    10.3.2. Business Description
    10.3.3. Products and Services
    10.3.4. Financial Overview
    10.3.5. SWOT Analysis
    10.3.6. Key Developments
    10.4. EYEDETEC MEDICAL
    10.4.1. Key Facts
    10.4.2. Business Description
    10.4.3. Products and Services
    10.4.4. Financial Overview
    10.4.5. SWOT Analysis
    10.4.6. Key Developments
    10.5. MIBO MEDICAL GROUP
    10.5.1. Key Facts
    10.5.2. Business Description
    10.5.3. Products and Services
    10.5.4. Financial Overview
    10.5.5. SWOT Analysis
    10.5.6. Key Developments
    10.6. SIGHT SCIENCES
    10.6.1. Key Facts
    10.6.2. Business Description
    10.6.3. Products and Services
    10.6.4. Financial Overview
    10.6.5. SWOT Analysis
    10.6.6. Key Developments
    10.7. LUMENIS
    10.7.1. Key Facts
    10.7.2. Business Description
    10.7.3. Products and Services
    10.7.4. Financial Overview
    10.7.5. SWOT Analysis
    10.7.6. Key Developments
    10.8. ESW VISION
    10.8.1. Key Facts
    10.8.2. Business Description
    10.8.3. Products and Services
    10.8.4. Financial Overview
    10.8.5. SWOT Analysis
    10.8.6. Key Developments
    10.9. NUSIGHT MEDICAL
    10.9.1. Key Facts
    10.9.2. Business Description
    10.9.3. Products and Services
    10.9.4. Financial Overview
    10.9.5. SWOT Analysis
    10.9.6. Key Developments
    10.10. BLEPHEX LLC
    10.10.1. Key Facts
    10.10.2. Business Description
    10.10.3. Products and Services
    10.10.4. Financial Overview
    10.10.5. SWOT Analysis
    10.10.6. Key Developments

    11. APPENDIX
    11.1. ABOUT THE INSIGHT PARTNERS
    11.2. GLOSSARY OF TERMS
    The List of Companies

    1. Johnson and Johnson Vision Care
    2. Alcon, Inc.
    3. Beye
    4. Eyedetec Medical
    5. MiBo Medical Group
    6. Sight Sciences
    7. Lumenis
    8. ESW Vision
    9. NuSight Medical
    10. BlephEx LLC

    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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