Global OTC Artificial Tears Market Growth Supplemented by Geriatric Population’s Susceptibility to Eye Diseases

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Global OTC Artificial Tears Market Growth
Supplemented by Geriatric Populations
Susceptibility to Eye Diseases
Inkwood Research estimates that the Global OTC
Artificial Tears Market is set to grow with a
CAGR of 5.12 in terms of revenue during the
forecasting years of 2021-2028.
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https//www.inkwoodresearch.com/reports/otc-artifi
cial-tears-market/ Artificial tears entail
lubricant eye drops, used for the treatment of
irritation and dryness typically caused by the
deficiency of tear production. Artificial tears
are formulated for initiating natural tears and
treating numerous eye disorders like allergy and
infection, in addition to offering protection
from blue light and UV. It is also used for
moisturizing contact lenses. Geriatric
Populations Susceptibility to Eye Diseases to
Fuel Market Growth An increase in the geriatric
population is set to fuel the growth of the
global OTC artificial tears market. The elderly
are highly susceptible to eye diseases like dry
eye, age-related macular degeneration,
glaucoma, cataract, and presbyopia. Moreover,
owing to the process of aging, the muscles and the
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nerves surrounding the eyes become weak, and the
lacrimal glands dysfunction causes decreased
tear production. In this regard, according to the
data published in the United Nations, in 2019,
nearly 703 million people were reported to be
aged over 65. Globally, the percentage of the
senior population above the age of 65 years
increased from 6 to 9 between 1990 to 2019.
Besides, the incidence of dry eye in the elderly
is about 5 to 30. Hence, the rise of the
geriatric population augments the growth of the
global market. To know more about this report,
request a free sample copy. Gel is the Leading
Product A gel is a semisolid system formulated
through the interaction with colloidal particles
as well as liquid vehicles. Ophthalmic gels are
available in a refreshing and silky texture, used
to offer temporary relief from the burning
sensation and irritation of the eye. As a result,
the rising demand for eye gels, in addition to
the increasing number of key companies for
manufacturing combinational semisolid ophthalmic
drugs, are anticipated to reinforce the market
growth. Asia-Pacific to be the Fastest-Growing
Region by 2028 The market in the Asia-Pacific is
anticipated to register significant growth over
the forecast period owing to the rising number of
cataract and glaucoma surgeries, the growing
geriatric population, and the elevated levels of
environmental pollution. Moreover, the increasing
number of patients diagnosed with dry eye disease
and the high number of awareness programs for
preventing and managing ocular disease are set to
provide lucrative opportunities for
manufacturers. Sustainable competitive advantages
by means of innovation are predicted to enhance
the competition among firms operating in the
global market. Therefore, powerful competitive
strategies are anticipated to heighten the
industrial rivalry across the studied market. Top
players in the market are Sun Pharmaceutical
Industries Ltd, Bausch Health Companies Inc,
Allergan PLC (Acquired by Abbvie), etc. About
Inkwood Research Inkwood Research specializes in
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with relevant fact-based research are customized
across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that
acknowledges the business environments. Our
geographical analysis comprises North South
America, CEE, CIS, Middle East, Europe, Asia, and
Africa. Contact Us https//www.inkwoodresearch.co
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