Middle East & Africa Dry Eye Products Market Forecast to 2028

Middle East & Africa Dry Eye Products Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product [Antibiotic Drops, Hormone Drops, Artificial Tears (OTC Artificial Tears and Prescription Artificial Tears), and Others] and Type (Prescription Drugs and OTC Drugs)

Report Code : TIPRE00016266 | Region : LAMEA | Industry : Pharmaceuticals | Published Date : 23/Dec/2022

The MEA dry eye products market is expected to grow from US$ 212.83 million in 2021 to US$ 262.50 million by 2028. It is estimated to grow at a CAGR of 3.0% from 2021 to 2028.

Rising Incidence of Dry Eye

Incidence and prevalence of dry eye are rising among the population, especially in developed nations. A dry eye is caused by multiple factors, resulting in discomfort, irritation, and visual disturbance. The dry eye incidence is higher among the population in several countries across the region. The MEA region also has increasing prevalence due to chronic health conditions 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 primary cause of dry eye is the medication for glaucoma. The increasing incidence of dry eye is leading to a rise in the direct cost of treatment. Thus, the increasing incidence of dry eye is expected to drive the dry eye products market across the region.

Market Overview

The MEA dry eye products market includes the consolidated markets for the UAE, Saudi Arabia, South Africa, and the Rest of MEA. Saudi Arabia held the largest share of the MEA dry eye products market in 2021. The country is surrounded by desert, with temperatures reaching more than 50°C in the summers. Thus, dry eye condition is widely seen due to environmental factors. The condition has caused Trachoma endemic disease in some parts of Saudi Arabia. Therefore, the government is implementing campaigns and community-based education programs, which is an influential element for eye health promotion strategies. The strategies are helping in raising awareness and encouraging the community to take steps for maintaining eye health. The action enforces to employ the available eye care services appropriately. For instance, the Ministry of Health (MoH) provides educational messages on eye diseases. This helps educate people about diseases such as glaucoma, amblyopia, diabetic retinopathy, and contact lens.

MEA Dry Eye Products Market Revenue and Forecast to 2028 (US$ Million)

MEA Dry Eye Products Market Segmentation

The MEA dry eye products market is segmented based on product, type, and country.

Based on product, the MEA dry eye products market is segmented into artificial tears, antibiotic drops, hormone drops, and others. The artificial tears segment held the largest market share in 2021. The artificial tears segment is further bifurcated into OTC artificial tears and prescription artificial tears.

Based on type, the MEA dry eye products market is bifurcated into OTC drugs and prescription drugs. The OTC drugs segment held a larger market share in 2021.

Based on country, the MEA dry eye products market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. Saudi Arabia dominated the market in 2021.

AbbVie Inc; Bausch Health Companies Inc.; Johnson and Johnson Services, Inc.; Novartis AG; OASIS Medical; OCuSOFT Inc.; Prestige Consumer Healthcare Inc.; ROHTO Pharmaceutical Co, Ltd.; Santen Pharmaceutical Co., Ltd.; and URSAPHARM Arzneimittel GmbH are among the leading companies operating in the MEA dry eye products market.

At 3.0% CAGR, the MEA Eye Products Market is speculated to be worth US$ 262.50 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the MEA eye products market was valued at US$ 212.83 million in 2021 and is expected to reach US$ 262.50 million by 2028, registering a CAGR of 3.0% from 2021 to 2028. Rising incidences of dry eye and growing older population are the critical factors attributed to the market expansion.

The incidence of dry eye is commonly seen in older people of age 65 and above. The number of geriatric populations is increasing rapidly across the region. The older population is becoming a significant social transformation such as depending on the other for financial needs and wellness on the younger people in the present century. Older people are significantly contributing to the development of the medical sector as it is helps by offering various innovative techniques to treat older people. Various healthcare companies design their products by focusing on geriatric population. As the degeneration process among older people is much faster, they are highly prevalent to dry eye conditions. Therefore, the high prevalence of dry eye among older population is likely to promote manufacturers to introduce new dry eye products in the market, which, in turn, contributes to the growth of the market. The development in the healthcare industry has enabled to offer various hi-tech healthcare facilities that have allowed offering increased life expectancy. Countries across the region are adopting new techniques to treat older people safely and effectively. Therefore, the increased quality of life is decreasing the death rates, and the older population is significantly growing all over the region. The growing geriatric population is expected to increase the demand for dry eye products such as artificial tears. These are available over the counter (OTC) and can be used as a supplement to natural tears.

On the contrary, side effects caused due to eye drops hurdles the growth of MEA eye products market.

Based on product, the MEA dry eye products market is segmented into artificial tears, antibiotic drops, hormone drops, and others. The artificial tears segment held 48.8% market share in 2021, amassing US$ 103.76 million. It is projected to garner US$ 125.40 million by 2028 to expand at 2.7% CAGR during 2021–2028. The artificial tears segment is further bifurcated into OTC artificial tears and prescription artificial tears.

Based on type, the MEA dry eye products market is bifurcated into OTC drugs and prescription drugs. The OTC drugs segment held 55.1% market share in 2021, amassing US$ 117.26 million. It is projected to garner US$ 140.82 million by 2028 to expand at 2.6% CAGR during 2021–2028.

Based on country, the MEA dry eye products market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. Our regional analysis states that Saudi Arabia captured 42.8% market share in 2021. It was assessed at US$ 91.05 million in 2021 and is likely to hit US$ 115.42 million by 2028, exhibiting a CAGR of 3.4% during the forecast period.

Key players dominating the MEA dry eye products market are AbbVie Inc; Bausch Health Companies Inc.; Johnson and Johnson Services, Inc.; Novartis AG; OASIS Medical; OCuSOFT Inc.; Prestige Consumer Healthcare Inc.; ROHTO Pharmaceutical Co, Ltd.; Santen Pharmaceutical Co., Ltd.; and URSAPHARM Arzneimittel GmbH among others.

In May 2020, AbbVie Inc. acquired Allergan plc as a part of company's inorganic business strategy. The acquisition has provided the company access to and expand its business portfolio in the eye care associated markets. In Sep 2021, Bausch + Lomb Announces Statistically Significant Topline Results from the Second Phase 3 Trial of NOV03 (perfluorohexyloctane) in Dry Eye Disease with Meibomian Gland Dysfunction.

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 MEA Dry Eye Products Market – By Product

1.3.2 MEA Dry Eye Products Market – By Type

1.3.3 MEA Dry Eye Products Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. MEA Dry Eye Products Market – Market Landscape

4.1 Overview

4.2 MEA PEST Analysis

4.3 Expert Opinion

5. MEA Dry Eye Products Market – Key Market Dynamics

5.1 Market Driver

5.1.1 Rising Incidences of Dry Eye

5.1.2 Growing Older Population

5.2 Market Restraints

5.2.1 Side Effects Caused Due to Eye Drops

5.3 Market Opportunities

5.3.1 Stem Cell Therapy

5.4 Future Trends

5.4.1 Ongoing Research and Growing Pipeline for Dry Eye Products

5.5 Impact Analysis of Drivers and Restraints

6. Dry Eye Products Market – MEA Analysis

6.1 MEA Dry Eye Products Market Revenue Forecast and Analysis

7. MEA Dry Eye Products Market Analysis – By Product

7.1 Overview

7.2 MEA Dry Eye Products Market Revenue Share, by Product (2021 and 2028)

7.3 Artificial Tears

7.3.1 Overview

7.3.2 Artificial Tears: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

7.3.3 Over-The-Counter (OTC) Artificial Tears

7.3.3.1 Overview

7.3.3.2 OTC Artificial Tears Market Revenue and Forecast to 2028 (US$ Million)

7.3.4 Prescription Artificial Tears

7.3.4.1 Overview

7.3.4.2 Prescription Artificial Tears Market Revenue and Forecast to 2028 (US$ Million)

7.4 Antibiotics Drops

7.4.1 Overview

7.4.2 Antibiotic Drops: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Hormone Drops

7.5.1 Overview

7.5.2 Hormone Drops: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

8. MEA Dry Eye Products Market Analysis – By Type

8.1 Overview

8.2 MEA Dry Eye Products Market, by Type, 2021 and 2028 (%)

8.3 OTC Drugs

8.3.1 Overview

8.3.2 OTC Drugs: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Prescription Drugs

8.4.1 Overview

8.4.2 Prescription Drugs: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

9. MEA Dry Eye Products Market – Country Analysis

9.1 Overview

9.1.1 MEA: Dry Eye Products Market, by Country, 2021 & 2028 (%)

9.1.2 Saudi Arabia: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.1 Overview

9.1.2.2 Saudi Arabia: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.3 Saudi Arabia Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)

9.1.2.3.1 Saudi Arabia: Dry Eye Products Market, by Artificial Tears, 2019–2028 (US$ Million)

9.1.2.4 Saudi Arabia Dry Eye Products Market, Type – Revenue and Forecast to 2028 (US$ Million)

9.1.3 UAE: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.1 Overview

9.1.3.2 UAE: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.3 UAE Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)

9.1.3.3.1 UAE: Dry Eye Products Market, by Artificial Tears, 2019–2028 (US$ Million)

9.1.3.4 UAE Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)

9.1.4 South Africa: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

9.1.4.1 Overview

9.1.4.2 South Africa: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

9.1.4.3 South Africa Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)

9.1.4.3.1 South Africa: Dry Eye Products Market, by Artificial Tears, 2019–2028 (US$ Million)

9.1.4.4 South Africa Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)

9.1.5 Rest of MEA: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

9.1.5.1 Overview

9.1.5.2 Rest of MEA: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

9.1.5.3 Rest of MEA Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)

9.1.5.3.1 Rest of MEA: Dry Eye Products Market, by Artificial Tears, 2019–2028 (US$ Million)

9.1.5.4 Rest of MEA Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)

10. Industry Landscape

10.1 Overview

10.2 Organic Developments

10.2.1 Overview

10.3 Inorganic Developments

10.3.1 Overview

11. Company Profiles

11.1 Novartis AG

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Santen Pharmaceutical Co., Ltd.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Johnson and Johnson Services, Inc.

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 OASIS Medical

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 URSAPHARM Arzneimittel GmbH

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 ROHTO Pharmaceutical Co, Ltd.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 OCuSOFT Inc.

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Bausch Health Companies Inc.

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 AbbVie Inc.

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Prestige Consumer Healthcare Inc.

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 Glossary of Terms

LIST OF TABLES.

Table 1. MEA Dry Eye Products Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. Saudi Arabia Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 3. Saudi Arabia Dry Eye Products Market, by Artificial Tears – Revenue and Forecast to 2028 (US$ Million)

Table 4. Saudi Arabia Dry Eye Products Market, Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. UAE Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 6. UAE Dry Eye Products Market, by Artificial Tears – Revenue and Forecast to 2028 (US$ Million)

Table 7. UAE Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8. South Africa Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 9. South Africa Dry Eye Products Market, by Artificial Tears – Revenue and Forecast to 2028 (US$ Million)

Table 10. South Africa Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Rest of MEA Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of MEA Dry Eye Products Market, by Artificial Tears – Revenue and Forecast to 2028 (US$ Million)

Table 13. Rest of MEA Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 14. Organic Developments Done By Companies

Table 15. Inorganic Developments Done By Companies

Table 16. Glossary of Terms

LIST OF FIGURES.

Figure 1. MEA Dry Eye Products Market Segmentation

Figure 2. MEA Dry Eye Products Market – By Country

Figure 3. MEA Dry Eye Products Market Overview

Figure 4. MEA Dry Eye Products Market, By Product

Figure 5. MEA Dry Eye Products Market, By Country

Figure 7. MEA PEST Analysis

Figure 8. Expert Opinion

Figure 9. MEA Dry Eye Products Market Impact Analysis of Drivers and Restraint

Figure 10. MEA Dry Eye Products Market – Revenue Forecast And Analysis

Figure 11. MEA Dry Eye Products Market Revenue Share, by Product (2021 and 2028)

Figure 12. MEA Artificial Tears: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. MEA OTC Artificial Tears Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. MEA Prescription Artificial Tears Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. MEA Antibiotic Drops: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. MEA Hormone Drops: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. MEA Others: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. MEA Dry Eye Products Market, by Type, 2021 and 2028 (%)

Figure 19. MEA OTC Drugs: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. MEA Prescription Drugs: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. MEA: Dry Eye Products Market, by Key Country – Revenue (2021) (US$ Million)

Figure 22. MEA: Dry Eye Products Market, by Country, 2021 & 2028 (%)

Figure 23. Saudi Arabia: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. UAE: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. South Africa: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Rest of MEA: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)

● AbbVie Inc

● Bausch Health Companies Inc.

● Johnson and Johnson Services, Inc.

● Novartis AG

● OASIS Medical

● OCuSOFT Inc.

● Prestige Consumer Healthcare Inc.

● ROHTO Pharmaceutical Co, Ltd.

● Santen Pharmaceutical Co., Ltd.

● URSAPHARM Arzneimittel GmbH

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA dry eye products market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the MEA dry eye products market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the dry eye products market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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