European Artificial Tears Market Size, Share & Forecast 2025
Posted by Rishabh on January 23rd, 2020
The European artificial tears market is estimated to grow modestly, at a CAGR of around 4.2%, during the forecast period. Europe has a huge potential for the growth in the artificial tears market owing to the prevalence of cataracts and other eye diseases. As the number of cataract surgeries increases in the region, the demand for artificial tears for post-surgical use is expected to increase significantly in the coming years. This is expected to promote the growth of the market in Europe during the forecast period.
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UK, Spain, Germany, France, and Italy are the major economies of Europe that are contributing significantly towards the growth of the European artificial tears market. The European market is driven by numerous factors including the increasing average age of the population. Europe is a fully developed region in terms of technological advancement. According to the Eurostat, in 2017, approximately 19%, one-fifth of the EU population was aged 65 and over. Moreover, by 2080, the proportion of people aged 80 and over should more than double to reach 13% of the total population. In 2017, the population in the EU-28 was estimated at 511.5 million. Among this population, the young people (0-14 age group) consist of 15.6% of the total EU-28 population.
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The companies which are contributing to the growth of the European artificial tears market include Carl Zeiss Meditec AG, Essilor Group, Novartis International AG, Shire PLC, and Ziemer Ophthalmic Systems AG. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
European Artificial Tears Market by Type
European Artificial Tears Market by Delivery Method
European Artificial Tears Market by Application
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About the AuthorRishabh
Joined: June 18th, 2019
Articles Posted: 354
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