UK Artificial Tears Market Industry Size, Growth and Forecast to 2025

Posted January 23, 2020 by rishabh3210

UK Artificial Tears Market Industry Size, Growth and Forecast to 2025 UK Artificial Tears Market Industry Size, Growth and Forecast to 2025

UK artificial tears market is estimated to grow considerably at a CAGR of around 5.0% during the forecast period. The eye health problems in UK have been increasing at a significant rate. According to the Royal National Institute of Blind People, more than two million people in UK live with sight losses. This includes 785,000 people having sight loss due to the uncorrected refractive error, meaning that the vision can be improved by using prescribed spectacles or contact lenses. Other causes of eye loss include age-related muscular degeneration, cataracts, glaucoma and diabetic retinopathy. The National Institute of Blind People, UK further estimates that by the end of 2030, more than 2.7 million people will have sight losses.

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The market is segmented on the basis of type, delivery method, and application. Based on type, the market is divided into cellulose derived tears, glycerin derived tears and oil-based emulsion tears. On the basis of the delivery method, the market is bifurcated into artificial eye drops and ointments. Based on the application, the market is segmented into dry eye treatment, contact lenses moisture, and others. Among applications, the dry eye treatment segment holds a major share in the artificial tears market. This is mainly owing to its wide adoption in the treatment of one of the most common eye-related diseases, dry eye syndrome across the globe.

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One of the key reasons which promote the growth of these surgeries is the increasing aging population in UK. According to Eurostat, the share of the old age population aging between 55-64 years in UK is expected to increase from 18.0% in 2016 to 19.4% in 2020. This is expected to increase the prevalence of eye diseases across the country, thereby promoting the growth of the market in UK. Moreover, according to the National Health Service department, in UK, 1 in every 3 people of age above 65 years is expected to suffer from dry eyes syndrome. As the share of the old age population increases, the prevalence of dry eye syndrome is also expected to increase in the coming years thereby creating opportunities for the growth of the artificial tears market over the forecast period.

The companies which are contributing to the growth of UK artificial tears market include Carl Zeiss Meditec AG, Essilor Group, Novartis International AG, Shire PLC, and Ziemer Ophthalmic Systems AG.

Market Segmentation

UK Artificial Tears Market by Type

Cellulose Derived Tears
Glycerin Derived Tears
Oil-Based Emulsion Tears

UK Artificial Tears Market by Delivery Method

Artificial Eye Drops

UK Artificial Tears Market by Application

Dry Eyes Treatment
Contact Lens Moisture

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Tags UK Artificial Tears Market Industry Size, Growth and Forecast to 2025
Last Updated January 23, 2020