Germany artificial tears market is estimated to grow considerably at a CAGR of around 4.2% during the forecast period. As the prevalence of cataract increases across Germany due to the increasing share of the aging population, the demand for artificial tear is expected to increase significantly in order to curb the side effects of such surgeries in Germany. Moreover, according to Eurostat, the share of the old age population in Germany in 2016 was around 21.1%, which is expected to increase to 23.3% by 2030. As the share of the old age population increases, the penetration of eye diseases across the country is also expected to increase, thereby creating opportunities for the growth of the market in the near future.

Moreover, as the pharmaceutical industry in Germany has also been growing at a fast pace owing to increasing investment by the government to make Germany as one of the key countries for the manufacturing of the chemicals and medicines, it is expected to create opportunities for the growth of the market in the coming years. Moreover, the manufacturers in the country are focusing on manufacturing and creating innovative artificial tears that do not contain water, emulsifiers, phosphates or preservatives, thereby making them more tolerable to eyes. According to the Organisation for Economic Co-operation and Development (OECD), the total number of cataract surgical procedures has increased in Germany. This is expected to be one of the prime reasons which are expected to increase the demand for artificial tears in the country. 

The companies which are contributing to the growth of Germany artificial tears market include Carl Zeiss Meditec AG, Essilor Group, Novartis International AG, Shire PLC, and Ziemer Ophthalmic Systems AG. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in June 2018, Novaliq GmbH expanded geographically by making its product NovaTears available in Australia.  With this product, the dry eye patients in Australia now have an efficacious treatment option that has significantly improved the signs and symptoms of evaporative dry eye disease.

Research Methodology

The market study of the Germany artificial tears market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in 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 is intended for drug manufacturers, healthcare providers, government organizations for overall market analysis, and competitive analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Germany Artificial Tears Market Research and Analysis by Type
2. Germany Artificial Tears Market Research and Analysis by Delivery Method
3. Germany Artificial Tears Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Germany 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 Germany artificial tears market.
• Insights about market determinants which are stimulating the Germany artificial tears market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.