Dry Eye Treatment Devices Market Size Is Estimated To Reach USD 414.2 Million By 2028

 Dry Eye Treatment Devices Industry Overview

The global dry eye treatment devices market size was valued at USD 257.4 million in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2028. The rising demand for faster and non-invasive treatment approaches that provide long-term relief from dry eye symptoms is the factor expected to drive the growth of the market for dry eye treatment devices. For instance, an intense pulsed light (IPL) per session last approximately 15-20 minutes, and 4-5 session are optimal to provide long terms relief from dry eye symptoms. Therefore, its rising preference in patients unhappy and uncomfortable with frequent application of eye drops to alleviate dry eye symptoms. The increasing prevalence of dry eye syndrome and meibomian gland dysfunction (MGD) globally is anticipated to propel the market growth.

The growing burden of dry eye can be attributed to the rising incidence of causative risk factors such as over usage of contact lenses, prolonged exposure to digital screens, diabetes, glaucoma, and Sjogren's syndrome. For instance, Americans are estimated to spend an average time of more than 10 hours a day at visual display terminals. The average screen time has always been increasing each year remarkably due to the expansion in the global internet network. COVID 19 is expected to negatively impact the dry eye treatment devices market.

Gather more insights about the market drivers, restrains and growth of the Global Dry Eye Treatment Devices market

Fewer hospital visits in this pandemic are expected to decrease the adoption of dry eye treatment devices. Moreover, since eyes act as one of the entrance points for the virus, a large number of ophthalmic treatments has decreased owing to the threat of the virus, thereby, expected to hinder the market growth. The therapeutic landscape in the management of dry eye syndrome is changing drastically with eye care providers getting more inclined to treat the root cause of the disease than providing solutions for temporary reliefs. This phenomenon is anticipated to bode well for the market shortly. Moreover, the eye care providers are equipping their facilities with IPL and MGX treatment devices realizing the financial benefits of treating the patient at their office, then referring them to other centers.


Browse through Grand View Research's Medical Devices Industry Research Reports.

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Dry Eye Treatment Devices Market Segmentation

Grand View Research has segmented the dry eye treatment devices market based on technology and region:

Dry Eye Treatment Devices Technology Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

  • Broadband light (BBL)
  • Intense Pulsed Light (IPL)
  • Meibomian Gland Expression (MGX)
  • Combination (MGX+IPL)

 

Dry Eye Treatment Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies profiled:

Some prominent players in the global Dry Eye Treatment Devices market include

  • MiBo Medical Group
  • Sight Sciences
  • Lumenis
  • ESW Vision
  • Johnson & Johnson Vision Care
  • Alcon, Inc.

 

Order a free sample PDF of the Dry Eye Treatment Devices Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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