The Allergy-Relieving Eye Drops market is expected to grow from USD 1.51 billion in 2023 to USD 2.37 billion by 2032 at a CAGR of 5.15% from 2024 to 2032. Factors driving growth include growing demand for inexpensive, yet effective allergy relief, non-invasive procedures, strategic marketing, consumer education by key players, and advancements in the development and manufacture of these products.
The major use of allergy-relieving eye drops is relief from irritation of the eyes quickly and precisely due to common allergens such as pollen, dust, pet dander, and mold. High-pollen seasons in spring and fall are especially frequent users of such drops by individuals with seasonal allergies. While others may be formulated for long-term or daily use, in developing protection from allergen infiltration. There are lots of allergy-relieving drops that are available over-the-counter and prescription, making it easy for people to get access and, not to mention as extremely convenient for those who need quick and effective allergy symptom management.
According to a statement from Santen Inc., the US division of Santen Pharmaceutical Co., Ltd, Verkazia (cyclosporine ophthalmic emulsion), 0.1% was made available in the US in May 2022 to treat vernal keratoconjunctivitis (VKC) eye allergy.
In March 2022, AbbVie Inc. (Allergan Plc) announced that LASTACAFT (alcaftadine ophthalmic solution 0.25%) is now available over the counter for the estimated 40% of Americans who suffer from ocular allergies.
2. Non-steroidal anti-Inflammatory Drugs
3. Vasoconstrictors
4. Others
2. Vernal Keratoconjunctivitis
3. Atopic Keratoconjunctivitis
4. Giant Papillary Conjunctivitis
5. Others
2. Key Persons
3. Recent Development & Strategies
4. Product Portfolio
5. Financial Insights
2. Johnson & Johnson
3. Pfizer Inc.
4. F. Hoffmann-La Roche Ltd
5. Novartis AG
6. Bausch Health Companies Inc
7. Regeneron Pharmaceuticals
8. Santen Pharmaceutical Co
Global Allergy Relieving Eye Drops Industry Overview
Allergy-relieving eye drops are special preparations to reduce symptoms caused by eye allergies, such as itching, redness, watering, and swelling. They target the body's histamine response that is the immune reaction causing allergy symptoms. Typically, they carry antihistamines, decongestants, or mast cell stabilizers, each providing relief by attacking the allergic reaction from a different angle.The major use of allergy-relieving eye drops is relief from irritation of the eyes quickly and precisely due to common allergens such as pollen, dust, pet dander, and mold. High-pollen seasons in spring and fall are especially frequent users of such drops by individuals with seasonal allergies. While others may be formulated for long-term or daily use, in developing protection from allergen infiltration. There are lots of allergy-relieving drops that are available over-the-counter and prescription, making it easy for people to get access and, not to mention as extremely convenient for those who need quick and effective allergy symptom management.
Growth Drivers for the Allergy-Relieving Eye Drops Market
Rising Prevalence of Allergies
Rising allergy rates in global markets serve as the major growth driver in the allergy-relieving eye drops market. Allergic reactions, including eye-related symptoms, have increased due to rising pollution, climate change, and urbanization levels. The increasing number of seasonal and perennial allergies is raising demand for effective eye treatments that are easy to administer and boost the allergy-relieving eye drops market. There is a rapidly increasing trend of allergic diseases all over the world, and almost 30-40% of the world's population is suffering from one or more allergic disorders.Demand for Non-Invasive, Convenient Solutions
Consumers are also becoming increasingly interested in non-invasive, quick relief for their allergy symptoms. Relief from discomfort without oral medications or injections is attainable through allergy-relieving eye drops. The market sustains further growth through the trend toward over-the-counter access as patients seek convenient means to address allergies. In August 2024, OCuSOFT Inc. introduces NEW OCuSOFT Retaine Allergy, prescription-strength antihistamine drops for dry eye itch relief.Advancements in Eye Drop Formulations
Ongoing research and revolution in eye care have improved the formulations for allergic eye drops, reducing the allergy by effectiveness and comfort. New formulas attract more consumers, having longer effects, with fewer side effects, and faster relief from eye allergy, hence offering better results with fewer applications. It is the innovation, that in a way fuels market expansion due to a demand from highly effective user-friendly solutions. The eye care leader, Alcon, will present new clinical data and innovation in products at AAO 2024 Annual Meeting in Oct 2024.Canada Allergy Relieving Eye Drops Market
The demand for Canada allergy-relieving eye drops is rising due to the prevalence of seasonal and environmental allergens in many parts of the country. A higher incidence of urbanization, climatic changes, and air pollution are responsible for raising the allergic level and thus triggering a necessity for more efficient OTC eye treatments. Tens of millions of Canadians are in search of immediate, speedy relief from redness, itchiness, and swelling, which is increasing the demand of the allergy-relieving eye drops market. In addition, development of eye drop formulations and non-invasive treatment solutions are attracting more and more consumers. In addition to that, marketing efforts from major pharmaceutical companies also support growth in this Canadian market. Feb 2021, Bausch + Lomb announced the U.S. launch of Alaway Preservative Free eye drops, the first OTC preservative-free antihistamine approved by the FDA for eye itch relief.France Allergy Relieving Eye Drops Market
Rising allergies related to environmental changes, urbanization, and pollution are further increasing the allergy-relieving eye drops market in France. Seasonal allergic tendencies are on the rise, especially in urban areas. There is a significantly growing demand for easily accessible, over-the-counter eye drops that will immediately alleviate itching, redness, and irritation. French consumers prefer non-invasive options and favor allergy-relieving eye drops as an easy-to-use solution. Advancements in the formulations of eye drops that sustain longer than conventional varieties and cause more comfort to add up towards market growth as giant pharmaceutical companies keep on innovating with products of viable treatment options across the country.India Allergy Relieving Eye Drops Market
India's allergy-relieving eye drops market is growing since the escalating levels of pollution, urbanization, and changing climate have made people develop allergic reactions. Many Indians suffer from eye allergic symptoms, most predominantly in thickly populated cities. This creates a massive demand for efficient, non-prescription eye drops that alleviate itching, redness, and irritation. Consumers are increasingly in pursuit of convenient and non-invasive treatments, and the allergy-relieving eye drops is one such quick and easily accessible solution. With the recent progress in eye drop formulations and increased awareness through marketing initiatives from major pharmaceuticals in India, this market is expected to grow further. In September 2024: PresVu eye drops from ENTOD Pharmaceuticals were approved by the Drugs Controller General of India (DCGI). PresVu is an eye drop that would reduce the dependence on reading glasses for presbyopia patients. A common condition affecting most people above 40, this causes the victim to have difficulty focusing on close objects. PresVu stands as a benchmark in the eye care space for the elderly.UAE Allergy Relieving Eye Drops Market
The allergy cases rise up in UAE with the dust level being high and the arid climate plus rapid urbanization. Eye allergies in the UAE are more common because of frequent sandstorms, and because of an affinity for the use of air conditioning, which exacerbates dryness, itchiness, and redness. There is a further increase in demand due to over-the-counter eye drops that immediately provide relief with non-invasive features, which are effective. Another factor that pushes the demand upward is further consciousness about allergy management as well as formulations of eye drops, such as prolonged-acting relief as well as greater comfort, driving demand higher because customers want easier fixes for eye allergy symptoms.Allergy Relieving Eye Drops Company Analysis
The key players in the Allergy-Relieving Eye Drops market include AbbVie Inc. (Allergan Plc), Johnson & Johnson, Pfizer Inc., F. Hoffmann-La Roche Ltd, Novartis AG, Bausch Health Companies Inc., Regeneron Pharmaceuticals, and Santen Pharmaceutical Co.Allergy Relieving Eye Drops Company News
August 2024, Glenmark Therapeutics Inc. has launched Olopatadine Hydrochloride Ophthalmic Solution USP, 0.1% (OTC) in the United States to treat eye allergies.According to a statement from Santen Inc., the US division of Santen Pharmaceutical Co., Ltd, Verkazia (cyclosporine ophthalmic emulsion), 0.1% was made available in the US in May 2022 to treat vernal keratoconjunctivitis (VKC) eye allergy.
In March 2022, AbbVie Inc. (Allergan Plc) announced that LASTACAFT (alcaftadine ophthalmic solution 0.25%) is now available over the counter for the estimated 40% of Americans who suffer from ocular allergies.
Drug Class - Industry is divided into 4 viewpoints:
1. Antihistamines2. Non-steroidal anti-Inflammatory Drugs
3. Vasoconstrictors
4. Others
Type - Industry is divided into 5 viewpoints:
1. Seasonal and Perennial Allergic Conjunctivitis2. Vernal Keratoconjunctivitis
3. Atopic Keratoconjunctivitis
4. Giant Papillary Conjunctivitis
5. Others
Countries- Industry is divided into 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All companies have been covered with 5 Viewpoints
1. Overview2. Key Persons
3. Recent Development & Strategies
4. Product Portfolio
5. Financial Insights
Company Analysis
1. AbbVie Inc. (Allergan Plc)2. Johnson & Johnson
3. Pfizer Inc.
4. F. Hoffmann-La Roche Ltd
5. Novartis AG
6. Bausch Health Companies Inc
7. Regeneron Pharmaceuticals
8. Santen Pharmaceutical Co
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary5. Global Allergy Relieving Eye Drops Market
4. Market Dynamics
6. Market Share Analysis
7. Drug Class
8. Type
9. Country
10. Porter’s Five Analysis
11. SWOT Analysis
12. Company Analysis
Companies Mentioned
- AbbVie Inc. (Allergan Plc)
- Johnson & Johnson
- Pfizer Inc.
- F. Hoffmann-La Roche Ltd
- Novartis AG
- Bausch Health Companies Inc
- Regeneron Pharmaceuticals
- Santen Pharmaceutical Co
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | November 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.51 Billion |
| Forecasted Market Value ( USD | $ 2.37 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
