America & Europe Eye Drops Market Forecast to 2031
The America & Europe eye drops market size is projected to reach US$ 19.88 billion by 2031 from US$ 13.16 billion in 2023. The market is expected to register a CAGR of 5.3% in 2023–2031.
Rising healthcare expenditures, innovative eye drop formulations, collaborations between pharmaceutical corporations and research institutions, and the proliferation of online retail and e-commerce platforms are likely to remain key America & Europe eye drops market trends.
America & Europe Eye Drops Market Analysis
The increasing prevalence of eye diseases such as cataracts, glaucoma, dry eye syndrome, and allergies results in an elevated demand for eye drops in ophthalmology. The growing elderly population and preference for self-administered eye care products also contribute to the growth of the North America & Europe eye drops market. Increasing awareness about eye health and regular eye examinations fuels the demand for eye drops by promoting the early diagnosis and treatment of eye diseases. Advanced drug delivery systems and formulation technologies ensure positive market prospects. The introduction of preservative-free eye drops and innovative drug delivery techniques are expected to provide opportunities for America & Europe eye drop market players. Further, e-commerce platforms benefit customers through improved accessibility of eye care products, ease of online shopping, and doorstep delivery, especially in regions with limited access to physical retail stores. On the other hand, the rising number of product recalls hinders the America & Europe eye drop market growth.
America & Europe Eye Drops Market Overview
The increasing prevalence of dry eye syndrome, changing lifestyles, burgeoning awareness about eye health, and surging cases of irreversible vision problems are major factors adding to the disease burden in American and European countries. In addition, the growing geriatric population drives market the growth of the America & Europe eye drop market. Older people are more likely to suffer from various eye diseases, and eye drops are necessary for therapeutic and preventive purposes. A research study by the National Center for Biotechnology Information (NCBI) found that the prevalence of dry eye syndrome in the geriatric population was approximately 33% in 2021. The prevalence of eye diseases such as dry eye syndrome, glaucoma, and cataracts has increased with the growing geriatric population, thereby driving the need for therapeutic and preventive eye drop products. In addition, ongoing research and development efforts support the introduction of advanced formulations developed with higher potency, longer duration of action, and reduced side effects.
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America & Europe Eye Drops Market: Strategic Insights
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America & Europe Eye Drops Market Drivers and Opportunities
Initiatives to Bolster Eye Care Awareness to Generate Market Opportunities
In recent years, efforts have been made to create awareness and educate people regarding eye diseases, prompting patients to access suitable medications and treatments. On August 28, 2023, the Centers for Disease Control and Prevention (CDC) partnered with other organizations committed to vision health under its Vision Health Initiative (VHI) to create a more effective multi-tiered network to prevent vision loss and support eye health. On December 27, 2023, Prevent Blindness (an eye health and safety organization in the US) announced its plan to participate in the National Glaucoma Awareness Month campaign in January 2024 to provide patients, care partners, and professionals with various helpful resources to educate them on glaucoma. On October 1, 2023, 2EyesVision proudly reaffirmed its commitment to shaping the future of ophthalmology through community initiatives of the Ministry of Industry, Trade and Tourism (MINCOTUR) in Spain within the Secpho ecosystem. The ministry has awarded over US$ 3.17 million in grants to the Secpho cluster for innovative projects. On June 6, 2023, the National Health Service took the initiative to make eye care more accessible to patients in England. Under this initiative, measures were taken to reduce wait times for eye care, tagging it as a “top priority.” Thus, the increasing number of initiatives toward eyecare is likely to offer growth opportunities to the America & Europe eye drops market.
High Incidence of Age-Related Eye Diseases Drives Market Growth
Aging is a prominent factor that causes the weakening of vision, especially in people older than 50. Epidemiologists predict that the number of people being affected by glaucoma would nearly double by 2040 owing to the rising aging population and increasing prevalence of risk factors such as diabetes. According to the Centers for Disease Control and Prevention (CDC), ~12 million people aged 40 and above suffered from vision impairment in 2022 in the US, of which 3 million had vision impairment after vision correction, and 8 million suffered from vision impairment due to uncorrected refractive index. The World Health Organization (WHO) states that the population aged 60 and above would surge from 1 billion in 2020 to 1.4 billion by 2030; the number is further likely to double and reach ~2 billion by 2050. The number of individuals aged 80 and above is expected to triple from 2020 to 2050 to reach 426 million by 2050. Age-related macular degeneration (AMD) is a complex eye disease and one of the most common causes of incurable blindness in the elderly. AMD is the most common cause of blindness in people of European descent over the age of 65. According to Santen Pharmaceuticals, glaucoma affected more than 2.7 million people aged more than 40 in the US in 2022. The number of elderly patients is expected to increase to ~4.3 million and ~5.5 million by 2032 and 2050, respectively. The uninterrupted development of the healthcare sector has resulted in an increased life expectancy. The high prevalence of eye-related problems among the geriatric population is likely to encourage manufacturers to introduce new eye care products in the market, thereby contributing to the growth of the market.
America & Europe Eye Drops Market Report Segmentation Analysis
Key segments that contributed to the derivation of the America & Europe eye drops market analysis are drug class, application, and purchase mode.
- Based on drug class, the America & Europe eye drops market is divided into antibiotics, artificial tears, steroids, and others. The antibiotics segment held the largest market share in 2023. However, the steroids segment is anticipated to register the highest CAGR of 6.4% during the forecast period.
- By application, the market is segmented into eye diseases, eye care, and others. The eye diseases segment held the largest market share in 2023. However, the eye care segment is anticipated to register the highest CAGR during the forecast period.
- In terms of purchase mode, the market is bifurcated into prescription and OTC. The prescription segment dominated the market share in 2023, and it is anticipated to register a higher CAGR of 5.5% during the forecast period.
America & Europe Eye Drops Market Share Analysis, by Geography
The geographic scope of the America & Europe eye drops market report is mainly divided into America and Europe.
America dominates the America & Europe eye drops market. Nearly 1.2 million US populace is living with Parkinson’s disease; it is the second most common neurodegenerative disorder, after Alzheimer’s. The dominance of America in the market in 2023 can be attributed to rising incidences of neurodegenerative disorders in the region. Europe is anticipated to record a CAGR of 4.9% in the America & Europe eye drops market during the forecast period.
America & Europe Eye Drops Market News and Recent Developments
The America & Europe eye drops market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In July 2023, Bausch + Lomb Corporation acquired the Blink product line of eye and contact lens drops from Johnson & Johnson Vision. The strategic acquisition is the latest example of the company’s commitment to increasing consumer convenience in eye care by promoting over the counter (OTC) solutions. (Source: Bausch + Lomb Corporation, Press Release, 2023)
- In June 2023, Bausch + Lomb Corporation launched Biotrue Hydration Boost Contact Lens Rehydrating drops in the US, the first and only preservative-free rehydrating drop that is indicated to lubricate and rewet soft contact lenses. These products are made available in multi-dose bottles and can be used for both daily disposable and rigid gas-permeable types of lenses. (Source: Bausch + Lomb Corporation, Press Release, 2023)
- In December 2022, Alcon European launched the newest addition—Systane Complete Preservative-Free Lubricant Eye Drops—to its innovative portfolio of dry eye products. These products are now available in an easy-to-use, multi-dose bottle. (Source: Alcon AG, Press Release, 2022)
America & Europe Eye Drops Market Report Coverage and Deliverables
The “America & Europe Eye Drops Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at regional and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Regional and country-based market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Key factors that are driving the America & Europe eye drops market are the rising prevalence of ophthalmic diseases and high incidence of age-related eye diseases.
The CAGR value of the America & Europe eye drops market during the forecasted period of 2023-2031 is 5.3%.
Answer: - The antibiotics segment held the largest share of the market in the America & Europe eye drops market and held the largest market share of 37.64% in 2023.
The eye diseases segment dominated the America & Europe eye drops market and held the largest market share of 64.85% in 2023.
The America & Europe eye drops market majorly consists of the players such Alcon AG; AbbVie Inc; Bausch & Lomb Inc; Pfizer Inc; Prestige Consumer Healthcare Inc.; Similasan Corp; Rohto Pharmaceutical Co Ltd; Sager Pharma Kft; Akorn Operating Company LLC; Santen Pharmaceutical Co., Ltd.; SERVImed Industrial S.p.A.; and I-MED Pharma Inc.
Eye diseases can be treated with eye drops, which are more effective and less painful. Symptoms such as dry eye, redness, pain, itching, glaucoma, refractive error, conjunctivitis, diabetic macular edema, and age-related macular degeneration can be effectively treated using these products. Eye drops, also called artificial tears, are a class of therapeutics commonly used to simultaneously relieve the symptoms of dry and irritated eyes by moisturizing the eyes and protecting them from further infection.
Alcon AG and Bausch & Lomb Inc are the top two companies that hold huge market shares in the America & Europe eye drops market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. America and Europe Eye Drops Market Landscape
4.1 Overview
4.2 PEST Analysis
5. America and Europe Eye Drops Market – Key Market Dynamics
5.1 America and Europe Eye Drops Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Prevalence of Ophthalmic Diseases
5.2.2 High Incidence of Age-Related Eye Diseases
5.3 Market Restraints
5.3.1 Rising Number of Product Recalls
5.4 Market Opportunities
5.4.1 Initiatives to Bolster Eye Care Awareness
5.5 Future Trends
5.5.1 Lifestyle Changes Affecting Eye Health
5.6 Impact:
6. America and Europe Eye Drops Market – Regional Market Analysis
6.1 America and Europe Eye Drops Market Revenue (US$ Million), 2023–2031
7. America and Europe Eye Drops Market Analysis – by Drug Class
7.1 Overview
7.2 Antibiotics
7.2.1 Overview
7.2.2 Antibiotics: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Artificial Tears
7.3.1 Overview
7.3.2 Artificial Tears: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Steroids
7.4.1 Overview
7.4.2 Steroids: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
8. America and Europe Eye Drops Market Analysis – by Application
8.1 Overview
8.2 Eye Diseases
8.2.1 Overview
8.2.2 Eye Diseases: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Eye Care
8.3.1 Overview
8.3.2 Eye Care: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
9. America and Europe Eye Drops Market Analysis – by Purchase Mode
9.1 Overview
9.2 Prescription
9.2.1 Overview
9.2.2 Prescription: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
9.3 OTC
9.3.1 Overview
9.3.2 OTC: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10. America and Europe Eye Drops Market – Geographical Analysis
10.1 Overview
10.2 America
10.2.1 America Eye Drops Market Overview
10.2.2 America: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.2.1 America: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Drug Class
10.2.2.1.1 America: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Antibiotics
10.2.2.1.2 America: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Artificial Tears
10.2.2.1.3 America: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Steroids
10.2.2.2 America: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Application
10.2.2.2.1 America: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Eye Diseases
10.2.2.3 America: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Purchase Mode
10.2.3 America: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Country
10.2.3.1 United States: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.1.1 Overview
10.2.3.1.2 United States: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.1.3 United States: America and Europe Eye Drops Market Breakdown, by Drug Class
10.2.3.1.3.1 United States: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.2.3.1.3.2 United States: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.2.3.1.3.3 United States: America and Europe Eye Drops Market Breakdown, by Steroids
10.2.3.1.4 United States: America and Europe Eye Drops Market Breakdown, by Application
10.2.3.1.4.1 United States: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.2.3.1.5 United States: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.2.3.2 Canada: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.2.1 Overview
10.2.3.2.2 Canada: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.2.3 Canada: America and Europe Eye Drops Market Breakdown, by Drug Class
10.2.3.2.3.1 Canada: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.2.3.2.3.2 Canada: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.2.3.2.3.3 Canada: America and Europe Eye Drops Market Breakdown, by Steroids
10.2.3.2.4 Canada: America and Europe Eye Drops Market Breakdown, by Application
10.2.3.2.4.1 Canada: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.2.3.2.5 Canada: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.2.3.3 Brazil: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.3.1 Overview
10.2.3.3.2 Brazil: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.3.3 Brazil: America and Europe Eye Drops Market Breakdown, by Drug Class
10.2.3.3.3.1 Brazil: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.2.3.3.3.2 Brazil: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.2.3.3.3.3 Brazil: America and Europe Eye Drops Market Breakdown, by Steroids
10.2.3.3.4 Brazil: America and Europe Eye Drops Market Breakdown, by Application
10.2.3.3.4.1 Brazil: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.2.3.3.5 Brazil: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.2.3.4 Mexico: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.4.1 Overview
10.2.3.4.2 Mexico: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.4.3 Mexico: America and Europe Eye Drops Market Breakdown, by Drug Class
10.2.3.4.3.1 Mexico: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.2.3.4.3.2 Mexico: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.2.3.4.3.3 Mexico: America and Europe Eye Drops Market Breakdown, by Steroids
10.2.3.4.4 Mexico: America and Europe Eye Drops Market Breakdown, by Application
10.2.3.4.4.1 Mexico: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.2.3.4.5 Mexico: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.2.3.5 Argentina: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.5.1 Overview
10.2.3.5.2 Argentina: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.5.3 Argentina: America and Europe Eye Drops Market Breakdown, by Drug Class
10.2.3.5.3.1 Argentina: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.2.3.5.3.2 Argentina: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.2.3.5.3.3 Argentina: America and Europe Eye Drops Market Breakdown, by Steroids
10.2.3.5.4 Argentina: America and Europe Eye Drops Market Breakdown, by Application
10.2.3.5.4.1 Argentina: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.2.3.5.5 Argentina: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.2.3.6 Chile: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.6.1 Overview
10.2.3.6.2 Chile: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.6.3 Chile: America and Europe Eye Drops Market Breakdown, by Drug Class
10.2.3.6.3.1 Chile: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.2.3.6.3.2 Chile: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.2.3.6.3.3 Chile: America and Europe Eye Drops Market Breakdown, by Steroids
10.2.3.6.4 Chile: America and Europe Eye Drops Market Breakdown, by Application
10.2.3.6.4.1 Chile: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.2.3.6.5 Chile: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.2.3.7 Rest of America: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.7.1 Overview
10.2.3.7.2 Rest of America: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.7.3 Rest of America: America and Europe Eye Drops Market Breakdown, by Drug Class
10.2.3.7.3.1 Rest of America: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.2.3.7.3.2 Rest of America: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.2.3.7.3.3 Rest of America: America and Europe Eye Drops Market Breakdown, by Steroids
10.2.3.7.4 Rest of America: America and Europe Eye Drops Market Breakdown, by Application
10.2.3.7.4.1 Rest of America: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.2.3.7.5 Rest of America: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.3 Europe
10.3.1 Overview
10.3.2 Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.2.1 Europe: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Drug Class
10.3.2.1.1 Europe: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Antibiotics
10.3.2.1.2 Europe: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Artificial Tears
10.3.2.1.3 Europe: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Steroids
10.3.2.2 Europe: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Application
10.3.2.2.1 Europe: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Eye Diseases
10.3.2.3 Europe: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Purchase Mode
10.3.3 Europe: America and Europe Eye Drops Market – Revenue and Forecast Analysis – by Country
10.3.3.1 Germany: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.1.1 Overview
10.3.3.1.2 Germany: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.1.3 Germany: America and Europe Eye Drops Market Breakdown, by Drug Class
10.3.3.1.3.1 Germany: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.3.3.1.3.2 Germany: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.3.3.1.3.3 Germany: America and Europe Eye Drops Market Breakdown, by Steroids
10.3.3.1.4 Germany: America and Europe Eye Drops Market Breakdown, by Application
10.3.3.1.4.1 Germany: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.3.3.1.5 Germany: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.3.3.2 France: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.2.1 Overview
10.3.3.2.2 France: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.2.3 France: America and Europe Eye Drops Market Breakdown, by Drug Class
10.3.3.2.3.1 France: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.3.3.2.3.2 France: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.3.3.2.3.3 France: America and Europe Eye Drops Market Breakdown, by Steroids
10.3.3.2.4 France: America and Europe Eye Drops Market Breakdown, by Application
10.3.3.2.4.1 France: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.3.3.2.5 France: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.3.3.3 United Kingdom: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.3.1 Overview
10.3.3.3.2 United Kingdom: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.3.3 United Kingdom: America and Europe Eye Drops Market Breakdown, by Drug Class
10.3.3.3.3.1 United Kingdom: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.3.3.3.3.2 United Kingdom: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.3.3.3.3.3 United Kingdom: America and Europe Eye Drops Market Breakdown, by Steroids
10.3.3.3.4 United Kingdom: America and Europe Eye Drops Market Breakdown, by Application
10.3.3.3.4.1 United Kingdom: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.3.3.3.5 United Kingdom: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.3.3.4 Italy: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.4.1 Overview
10.3.3.4.2 Italy: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.4.3 Italy: America and Europe Eye Drops Market Breakdown, by Drug Class
10.3.3.4.3.1 Italy: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.3.3.4.3.2 Italy: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.3.3.4.3.3 Italy: America and Europe Eye Drops Market Breakdown, by Steroids
10.3.3.4.4 Italy: America and Europe Eye Drops Market Breakdown, by Application
10.3.3.4.4.1 Italy: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.3.3.4.5 Italy: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.3.3.5 Spain: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.5.1 Overview
10.3.3.5.2 Spain: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.5.3 Spain: America and Europe Eye Drops Market Breakdown, by Drug Class
10.3.3.5.3.1 Spain: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.3.3.5.3.2 Spain: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.3.3.5.3.3 Spain: America and Europe Eye Drops Market Breakdown, by Steroids
10.3.3.5.4 Spain: America and Europe Eye Drops Market Breakdown, by Application
10.3.3.5.4.1 Spain: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.3.3.5.5 Spain: America and Europe Eye Drops Market Breakdown, by Purchase Mode
10.3.3.6 Rest of Europe: Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.6.1 Overview
10.3.3.6.2 Rest of Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.6.3 Rest of Europe: America and Europe Eye Drops Market Breakdown, by Drug Class
10.3.3.6.3.1 Rest of Europe: America and Europe Eye Drops Market Breakdown, by Antibiotics
10.3.3.6.3.2 Rest of Europe: America and Europe Eye Drops Market Breakdown, by Artificial Tears
10.3.3.6.3.3 Rest of Europe: America and Europe Eye Drops Market Breakdown, by Steroids
10.3.3.6.4 Rest of Europe: America and Europe Eye Drops Market Breakdown, by Application
10.3.3.6.4.1 Rest of Europe: America and Europe Eye Drops Market Breakdown, by Eye Diseases
10.3.3.6.5 Rest of Europe: America and Europe Eye Drops Market Breakdown, by Purchase Mode
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies in the America and Europe Eye Drops Market
11.3 Organic Growth Strategies
11.3.1 Overview
11.4 Inorganic Growth Strategies
11.4.1 Overview
12. Company Profiles
12.1 Alcon AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AbbVie Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Bausch & Lomb Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Pfizer Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Prestige Consumer Healthcare Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Similasan Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Rohto Pharmaceutical Co Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sager Pharma Kft
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Akorn Operating Company LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Santen Pharmaceutical Co., Ltd.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 SERVImed Industrial S.p.A.
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 I-MED Pharma Inc.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. America and Europe Eye Drops Market Segmentation
Table 2. America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 3. America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 4. America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 5. America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 6. America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 7. America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 8. America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 9. United States: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 10. United States: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 11. United States: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 12. United States: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 13. United States: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 14. United States: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 15. United States: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 16. Canada: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 17. Canada: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 18. Canada: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 19. Canada: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 20. Canada: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 21. Canada: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 22. Canada: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 23. Brazil: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 24. Brazil: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 25. Brazil: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 26. Brazil: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 27. Brazil: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 28. Brazil: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 29. Brazil: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 30. Mexico: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 31. Mexico: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 32. Mexico: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 33. Mexico: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 34. Mexico: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 35. Mexico: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 36. Mexico: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 37. Argentina: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 38. Argentina: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 39. Argentina: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 40. Argentina: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 41. Argentina: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 42. Argentina: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 43. Argentina: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 44. Chile: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 45. Chile: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 46. Chile: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 47. Chile: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 48. Chile: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 49. Chile: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 50. Chile: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 51. Rest of America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 52. Rest of America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 53. Rest of America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 54. Rest of America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 55. Rest of America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 56. Rest of America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 57. Rest of America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 58. Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 59. Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 60. Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 61. Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 62. Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 63. Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 64. Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 65. Germany: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 66. Germany: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 67. Germany: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 68. Germany: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 69. Germany: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 70. Germany: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 71. Germany: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 72. France: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 73. France: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 74. France: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 75. France: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 76. France: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 77. France: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 78. France: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 79. United Kingdom: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 80. United Kingdom: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 81. United Kingdom: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 82. United Kingdom: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 83. United Kingdom: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 84. United Kingdom: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 85. United Kingdom: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 86. Italy: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 87. Italy: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 88. Italy: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 89. Italy: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 90. Italy: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 91. Italy: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 92. Italy: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 93. Spain: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 94. Spain: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 95. Spain: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 96. Spain: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 97. Spain: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 98. Spain: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 99. Spain: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 100. Rest of Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Drug Class
Table 101. Rest of Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Antibiotics
Table 102. Rest of Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Artificial Tears
Table 103. Rest of Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Steroids
Table 104. Rest of Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 105. Rest of Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Eye Diseases
Table 106. Rest of Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million) – by Purchase Mode
Table 107. Recent Organic Growth Strategies in the America and Europe Eye Drops Market
Table 108. Recent Inorganic Growth Strategies in the America and Europe Eye Drops Market
List of Figures
Figure 1. America and Europe Eye Drops Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. America and Europe Eye Drops Market Revenue (US$ Million), 2023–2031
Figure 5. Eye Drops Market Breakdown by Geography, 2023 and 2031 (%)
Figure 6. America and Europe Eye Drops Market Share (%) – by Drug Class (2023 and 2031)
Figure 7. Antibiotics: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Artificial Tears: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Steroids: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Others: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. America and Europe Eye Drops Market Share (%) – by Application (2023 and 2031)
Figure 12. Eye Diseases: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Eye Care: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Others: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. America and Europe Eye Drops Market Share (%) – by Purchase Mode (2023 and 2031)
Figure 16. Prescription: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. OTC: America and Europe Eye Drops Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. America and Europe Eye Drops Market Breakdown by Region, 2023 and 2031 (%)
Figure 19. America: Eye Drops Market, by Key Country – Revenue (2023) (US$ Million)
Figure 20. America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 21. America: America and Europe Eye Drops Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 22. United States: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Canada: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Brazil: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Mexico: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. Argentina: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Chile: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. Rest of America: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Europe: Eye Drops Market, by Key Country – Revenue (2023) (US$ Million)
Figure 30. Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Europe: America and Europe Eye Drops Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 32. Germany: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. France: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. United Kingdom: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Italy: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. Spain: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. Rest of Europe: America and Europe Eye Drops Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. Growth Strategies in the America and Europe Eye Drops Market
The List of Companies - America & Europe Eye Drops Market
- Alcon AG
- AbbVie Inc
- Bausch & Lomb Inc
- Pfizer Inc
- Prestige Consumer Healthcare Inc.
- Similasan Corp
- Rohto Pharmaceutical Co Ltd
- Sager Pharma Kft
- Akorn Operating Company LLC
- Santen Pharmaceutical Co., Ltd.
- SERVImed Industrial S.p.A.
- I-MED Pharma Inc.
urope Eye Drops Market
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.
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