The European artificial tear market is growing at a significant CAGR of 4.6% during the forecast period. The market is growing due to various factors such as the increasing prevalence of dry eye syndrome. Artificial tears are used to lubricate dry eyes and moisturize the outer surface of the eyes. It is also used to treat dry eyes caused due to surgery, certain medical conditions, medications aging, and smoky or windy conditions, among others. The incidence and prevalence of dry eye are rising among the population, especially in developed nations of Europe. Dry eye is caused by multiple factors that result in discomfort, irritation, and visual disturbance. For instance, in April 2020, according to a study ‘National Health and Wellness Survey’ conducted in Germany, ~7.4 million people were diagnosed with dry eye. The data also stated that the prevalence has gone up by 2.7% among 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%. 

However, various factors are restraining the market growth including side effects caused by artificial tears resulting in eye pain, red eyes, irritation, among others. Although, innovations such as preservative-free artificial tears in artificial tears could be perceived as a major opportunity for the players engaged in the market.

The European artificial tears market is segmented based on type, application, and delivery method. Based on type, the market is segmented into cellulose-derived tears, glycerin-derived tears, oil-based emulsion tears, polyethylene glycol- & propylene glycol-based tears. Based on application, the market is fragmented into dry type treatment, contact lens moisture, others. Based on the delivery method, the market is bifurcated into eye drops and, ointments.

Geographically, the market is classified into the UK, Germany, France, Spain, Italy, and the Rest of Europe. While, the key companies included in the report of the European artificial tear market are Abbott Medical Optics Inc., Akorn, Inc., Alcon Laboratories, Inc., Allergan, Inc., Bausch and Lomb, Johnson & Johnson, Novartis International AG, Ocusoft Inc., Rohto Pharmaceutical Co., Ltd, Santen Pharmaceutical Co. Ltd, Similasan Corp., URSAPHARM Arzeinmittel GmbH, WUHAN Yuanda, among more.  The companies operating in the artificial tears market are constantly focusing on product launches covering a wide range of users, R&Ds, partnerships, M&As, and technological advancements. The report also includes a detailed market overview, strategic recommendations, key company analysis, key findings, analyst insights, predictive analysis, pipeline analysis, market determinants, market segmentation, geographical analysis, and company profiling of the market.

Research Methodology

The market study of the European artificial tear market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Artificial Tears Market Research and Analysis, By Type
2. European Artificial Tears Market Research and Analysis, By Application
3. European Artificial Tears Market Research and Analysis, By Delivery Method

The Report Covers

• Comprehensive research methodology of the European artificial tears market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European artificial tears market.
• Insights about market determinants that are stimulating the European artificial tears market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players