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Report updated on 11th September, 2021: Global Allergy Relieving Eye Drops Market 2021 (Includes Business Impact of COVID-19)Global Allergy Relieving Eye Drops Market is a recent report produced by Trusted Business Insights. The global allergy relieving eye drops market report has been segmented on the basis of drug class, type, distribution channel, and region. Request Covid - 19 Impact The global Allergy Relieving Eye Drops market size was valued at USD$ 1.42 billion in 2020 and is projected to reach UDS$2.31 billion by 2030 is anticipated to expand at a CAGR of 5.00% over the forecast period from 2020 to 2030.
Global Allergy Relieving Eye Drops Market: OverviewEye drops is a medical formulation for application to relieve eye irritation, itching, redness, watering, swelling, and also headache. Allergy relieving eye drops have no side effects, offer quick relief, enable infection control, and also help to maintain healthy vision.
Global Allergy Relieving Eye Drops Market: DynamicsDemand for allergy relieving eye drops is increasing due to rising prevalence and incidence of eye-related disorders and diseases across the globe, and is among some of the major factors expected to drive growth of the target market. In addition, increasing healthcare expenditure, growing geriatric population, rising disposable income, raising awareness about eye diseases are other factors anticipated to propel growth of the global allergy relieving eye drops market. Furthermore, increasing incidence of eye-related conditions, including glaucoma, infections, muscular degeneration, and childhood-related conditions is resulting in initiatives by governments to manage the burden of eye disorders. Such initiatives are among other factors expected to boost demand for allergy relieving eye drops over the forecast period. However, stringent regulation for product approvals is a major factor expected to hamper growth of the target market.
Global Allergy Relieving Eye Drops Market: Segment AnalysisBy Type: Among the type segments, the seasonal & perennial allergic conjunctivitis segment is expected to register the highest revenue growth rate in the global allergy relieving eye drops market. By Drug Class: Among the drug class segments, the antihistamines segment is expected to account for major revenue contribution, as it is widely used to replace natural moisture of the eye, is easy to use, more convenient, and well-tolerated for long-lasting usage.
By Distribution Channel:Among the distribution channel segments, the retail segment is expected to account for major revenue contribution in the global market. This is primarily due to the availability of OTC drugs and a prescription for allergic conjunctivitis. The online sales segment is expected to account for second-highest revenue share in the global market in terms of revenue contribution due to increasing consumer preference towards online shopping and e-commerce activities, easy accessibility, availability of several products and brands on aa single platform, and affordability which in turn is expected to drive growth of the global market over the forecast period.
Global Allergy Relieving Eye Drops Market: Regional AnalysisNorth America market dominates the global allergy relieving eye drops market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to increasing demand for allergy relieving eye drops, especially for growing and high prevalence of lifestyle disorders that increase the chances of allergic conjunctivitis in countries in this region, which is a major driver for North America market growth. Adoption of medical insurance among individuals in developed countries such as the US, Germany, France, etc. is the current trend in the global market.
Global Allergy Relieving Eye Drops Market Segmentation:Segmentation by type:
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Allergy Relieving Eye Drops Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...