Indian Dry-Eye Medication Market Analysis


  • Type: Common Disease Area
  • Published : April 2021
  • Region: Asia
  • Country: India
  • Report ID : 1375

  • Format: PPT, PDF

Indian Dry-Eye Medication Market: Segmented by Drug Type (Aqueous, Evaporative, Mixed), By Distribution Channels (Retail, Hospital & Online Pharmacies) – Growth, Trends, and Forecasts (2019 – 2028)

SKU: 1375 Categories: ,

Report Overview

Indian Dry-Eye Medication market size stood at around USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

India has the 32% prevalence of dry eye disease (DED), and based on symptoms 81% were severe DED. In India, the pharmaceutical ophthalmic market has grown from around 1400 crores INR in 2014 to 2200 crores INR in 2018. Dry eye disease with its multifactorial etiology impacts not only the vision but also imposes various limitations on the victim. The patient suffers with pain, low vitality and poor general health and experiences poor quality of life (QOL) comparable to medical conditions such as severe angina and those warranting hospital-based hemodialysis. The aging population, a rising number of contact lens users, and increase in disposable income, increase in number of treatment options and an increased number of allergies. The growth of this market include increasing awareness levels, rising diagnostic rates, better treatment options, etc.

Market Drivers

The increased number of cases for dry eye disease results in the increased demand for its treatment. Factors such as aging, lack of vitamin A, wearing lenses, eye surgeries, direct contact with dry wind or smoke, and exposing one’s eyes to screens for long duration increase the occurrence of the dry eye disease. Prevalence of the aging population and the popularization of electronic products such as mobile phones and tablets, which have led to changes in eye use habits, it is expected that patients with dry eyes will still show a growth trend in the future. A rising number of contact lens users, increase in disposable income, increase in the number of treatment options and an increased number of allergies will boost the market growth. Going forward, rising laser surgeries, busy lifestyles, the increasing burden of diabetes, an increase in the prevalence of dry eye disease, the promising pipeline for dry eye disease, and the side effects of other medications will drive growth. Factors that could hinder the growth of the dry eye medication market in the future include long and costly drug approvals, stringent rules and regulations, and disruption in the supply chain of drugs related to dry eyes due to the impact of covid-19.

1. Indian Dry-Eye Medication Market Overview…………………………………
A. Market Size
2. Market Growth Drivers…………………………………………….…………………
A. Increasing Geriatric Population and Popularization of Electronic Products
B. Increasing Treatment Options and Promising Pipelines Products of Disease
3. Delivery Systems of Dry Eye Medication …………………………………………
A. Liquid
B. Gels
C. Ointments
D. Others
4. Dry-Eye Medication Market Segmentation…………………………………………
A. Drug type
I. Aqueous
II. Evaporative
III. Mixed
B. Distribution types
I. Hospital Pharmacies
II. Retail Pharmacies
III. Online Pharmacies
5. Dry-Eye Medication Major Products Market Share…………………….………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. Eyeris Vision Care Company overview, Product & Services, Strategies & Financials
B. Grevis Pharmaceuticals Company overview, Product & Services, Strategies & Financials
C. Novartis A G, Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………
A. New Trends and Development of Dry-Eye Medication market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Drug Type:

Based on the drug type the market is segmented into Aqueous, Evaporative, and Mixed. The mixed segment holds a major market share while the evaporative segment is anticipated to register the highest growth rate in the forecasted period.

By Distribution channels:

Based on Distribution channels type the market is segmented into Retail, Hospital, and Online Pharmacies. Retail pharmacies are the largest segment of the dry eye medication market while the online pharmacies market is expected to be the fastest-growing segment.

Major Players

The major market players of dry-eye medication market in India are ALLERGAN, Alcon, Novartis AG, Santen Pharmaceutical Co., Ltd., OASIS Medical, Sun Pharmaceutical Industries Ltd, Otsuka Pharmaceutical Co., Ltd., Sentiss Pharma Pvt. Ltd, Grevis Pharma, Iskon Remedies, Eyeris Vision Care, Vee Remedies. Grevis Pharma has won the title of ‘The Most Outstanding Ophthalmic Pharmaceutical Company’ in the year 2018.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
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  • Market Segment based analysis to obtain revenue / volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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