Dry Eye Treatment Device Market Analysis 2021-2031 | Trends
The Dry Eye Treatment Device Market is expected to register a CAGR of 7.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Technology (Broadband light (BBL), Intense Pulsed Light (IPL), Meibomian Gland Expression (MGX), Combination (MGX+IPL)). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Dry Eye Treatment Device Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Dry Eye Treatment Device Market Segmentation
Technology- Broadband light
Strategic Insights
Dry Eye Treatment Device Market Growth Drivers- Growing Aging Population: With the global population aging, age-related dry eye conditions are increasingly more common, and thus the need for effective treatment options and advanced dry eye treatment devices is increasing.
- Awareness and Education Initiatives: More and more patients are seeking care with rising awareness campaigns regarding dry eye symptoms and available treatments, and thus the demand for special devices in the market is increasing.
- High Incidence of Dry Eye Disease: Rising digital screen exposure and climatic changes have fueled the rising incidence of dry eye disease, thereby increasing the market for innovative treatment devices in the healthcare market.
- Sustainability Focus: The growing environmental concerns are making manufacturers think of developing dry eye treatment devices that are more environmentally friendly and incorporate sustainable materials and practices, so they appeal to both environmentally conscious consumers and healthcare providers.
- Combination Therapies: Combination of various therapeutic modalities, such as drug delivery and physical devices, is increasingly popular to enhance treatment efficacy and patient satisfaction with managing the conditions of dry eye.
- Telehealth Integration: The telehealth services evolve, promoting remote consultations and follow-ups for patients with dry eye conditions, increasing the use of treatment devices from home, and opening up the market for patients to access.
- Technological Development: Innovative incorporation of smart technology and enhanced therapeutic modalities make continuous transformations in dry eye treatment devices attract both healthcare providers and patients, thus playing a significant role in elevating the market growth.
- Development of Home-use Devices: There is an emerging opportunity for manufacturers to introduce user-friendly home-use dry eye treatment devices, which may stand in demand for convenient, effective solutions from patients who seek self-management options.
- Regulatory incentives for Innovation: More and more governments along with regulatory bodies are offering incentives for the development of new medical technologies. This is a conducive environment for investment and innovation in the treatment devices for dry eye.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Dry Eye Treatment Device Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Dry Eye Treatment Device Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Johnson and Johnson Vision Care and Alcon, Inc. are some of the major players operating in the market.
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global dry eye treatment device market from 2021 to 2031, and it also determines the prevailing opportunities.
Asia Pacific region accounted for the highest CAGR in the dry eye treatment device market.
The major factors driving the dry eye treatment device market are:
1. Awareness and Education Initiatives.
2. High Incidence of Dry Eye Disease.
North America region dominated the dry eye treatment device market in 2023.
The Dry Eye Treatment Device Market is estimated to witness a CAGR of 7.6% from 2023 to 2031
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 Dry Eye Treatment Device Market - By Technology
1.3.2 Dry Eye Treatment Device Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DRY EYE TREATMENT DEVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DRY EYE TREATMENT DEVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DRY EYE TREATMENT DEVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. DRY EYE TREATMENT DEVICE - GLOBAL MARKET OVERVIEW
6.2. DRY EYE TREATMENT DEVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. DRY EYE TREATMENT DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. BROADBAND LIGHT (BBL)
7.3.1. Overview
7.3.2. Broadband light (BBL) Market Forecast and Analysis
7.4. INTENSE PULSED LIGHT (IPL)
7.4.1. Overview
7.4.2. Intense Pulsed Light (IPL) Market Forecast and Analysis
7.5. MEIBOMIAN GLAND EXPRESSION (MGX)
7.5.1. Overview
7.5.2. Meibomian Gland Expression (MGX) Market Forecast and Analysis
7.6. COMBINATION (MGX+IPL)
7.6.1. Overview
7.6.2. Combination (MGX+IPL) Market Forecast and Analysis
8. DRY EYE TREATMENT DEVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Dry Eye Treatment Device Market Overview
8.1.2 North America Dry Eye Treatment Device Market Forecasts and Analysis
8.1.3 North America Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
8.1.4 North America Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
8.1.4.1 Canada Dry Eye Treatment Device Market
8.1.4.1.1 Canada Dry Eye Treatment Device Market by Technology
8.1.4.2 Mexico Dry Eye Treatment Device Market
8.1.4.2.1 Mexico Dry Eye Treatment Device Market by Technology
8.1.4.3 US Dry Eye Treatment Device Market
8.1.4.3.1 US Dry Eye Treatment Device Market by Technology
8.2. EUROPE
8.2.1 Europe Dry Eye Treatment Device Market Overview
8.2.2 Europe Dry Eye Treatment Device Market Forecasts and Analysis
8.2.3 Europe Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
8.2.4 Europe Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Dry Eye Treatment Device Market
8.2.4.1.1 Germany Dry Eye Treatment Device Market by Technology
8.2.4.2 France Dry Eye Treatment Device Market
8.2.4.2.1 France Dry Eye Treatment Device Market by Technology
8.2.4.3 Italy Dry Eye Treatment Device Market
8.2.4.3.1 Italy Dry Eye Treatment Device Market by Technology
8.2.4.4 Spain Dry Eye Treatment Device Market
8.2.4.4.1 Spain Dry Eye Treatment Device Market by Technology
8.2.4.5 United Kingdom Dry Eye Treatment Device Market
8.2.4.5.1 United Kingdom Dry Eye Treatment Device Market by Technology
8.2.4.6 Rest of Europe Dry Eye Treatment Device Market
8.2.4.6.1 Rest of Europe Dry Eye Treatment Device Market by Technology
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Dry Eye Treatment Device Market Overview
8.3.2 Asia-Pacific Dry Eye Treatment Device Market Forecasts and Analysis
8.3.3 Asia-Pacific Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
8.3.4 Asia-Pacific Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Dry Eye Treatment Device Market
8.3.4.1.1 Australia Dry Eye Treatment Device Market by Technology
8.3.4.2 China Dry Eye Treatment Device Market
8.3.4.2.1 China Dry Eye Treatment Device Market by Technology
8.3.4.3 India Dry Eye Treatment Device Market
8.3.4.3.1 India Dry Eye Treatment Device Market by Technology
8.3.4.4 Japan Dry Eye Treatment Device Market
8.3.4.4.1 Japan Dry Eye Treatment Device Market by Technology
8.3.4.5 South Korea Dry Eye Treatment Device Market
8.3.4.5.1 South Korea Dry Eye Treatment Device Market by Technology
8.3.4.6 Rest of Asia-Pacific Dry Eye Treatment Device Market
8.3.4.6.1 Rest of Asia-Pacific Dry Eye Treatment Device Market by Technology
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Dry Eye Treatment Device Market Overview
8.4.2 Middle East and Africa Dry Eye Treatment Device Market Forecasts and Analysis
8.4.3 Middle East and Africa Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
8.4.4 Middle East and Africa Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Dry Eye Treatment Device Market
8.4.4.1.1 South Africa Dry Eye Treatment Device Market by Technology
8.4.4.2 Saudi Arabia Dry Eye Treatment Device Market
8.4.4.2.1 Saudi Arabia Dry Eye Treatment Device Market by Technology
8.4.4.3 U.A.E Dry Eye Treatment Device Market
8.4.4.3.1 U.A.E Dry Eye Treatment Device Market by Technology
8.4.4.4 Rest of Middle East and Africa Dry Eye Treatment Device Market
8.4.4.4.1 Rest of Middle East and Africa Dry Eye Treatment Device Market by Technology
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Dry Eye Treatment Device Market Overview
8.5.2 South and Central America Dry Eye Treatment Device Market Forecasts and Analysis
8.5.3 South and Central America Dry Eye Treatment Device Market Forecasts and Analysis - By Technology
8.5.4 South and Central America Dry Eye Treatment Device Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Dry Eye Treatment Device Market
8.5.4.1.1 Brazil Dry Eye Treatment Device Market by Technology
8.5.4.2 Argentina Dry Eye Treatment Device Market
8.5.4.2.1 Argentina Dry Eye Treatment Device Market by Technology
8.5.4.3 Rest of South and Central America Dry Eye Treatment Device Market
8.5.4.3.1 Rest of South and Central America Dry Eye Treatment Device Market by Technology
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. DRY EYE TREATMENT DEVICE MARKET, KEY COMPANY PROFILES
10.1. JOHNSON AND JOHNSON VISION CARE
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. ALCON, INC.
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. BEYE
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. EYEDETEC MEDICAL
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. MIBO MEDICAL GROUP
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. SIGHT SCIENCES
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. LUMENIS
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. ESW VISION
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. NUSIGHT MEDICAL
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. BLEPHEX LLC
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
The List of Companies
1. Johnson and Johnson Vision Care
2. Alcon, Inc.
3. Beye
4. Eyedetec Medical
5. MiBo Medical Group
6. Sight Sciences
7. Lumenis
8. ESW Vision
9. NuSight Medical
10. BlephEx LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.