Canada Dry Eye Syndrome Market Outlook (2018 to 2032)
Synopsis
The above chart is Canada Dry Eye Syndrome Market Outlook (2018 to 2032)
Market Dynamics
canada dry eye syndrome (des) is a common eye condition that affects millions of people worldwide. it is characterized by a lack of lubrication in the eyes, sometimes leading to diminished tear production, irritation, redness, and dryness. des is a serious and complex eye disease that affects many individuals of all ages.
the prevalence of des in adults has been estimated to be anywhere between 5 and 50 percent, depending on population and study setting. in the u.s., the prevalence of des in aged 18-44 is estimated to be 18.1 percent, and in those aged 60 and over, it is 25.4 percent.
the outlook for demand of canada dry eye syndrome (des) is promising. the lifespan of des patients is estimated to be more than five times that of the general population. in the u.s., an estimated 5 million people suffer from the condition, and this number is projected to grow with advances in ophthalmologic and optometric technology and diagnosis.
the global market for des treatments and products is expected to more than double from $1.1 billion in 2018 to $2.7 billion in 2032. this growth is fuelled by increased awareness of des movement disorders, increased diagnostic capabilities, and improved treatments for these disorders. currently, the main des treatments available are artificial tears, eye drops, and lubricants.
in the near term, the des market is likely to be dominated by established players with strong brands and a wide range of products. in the long term, however, there is potential for the emergence of small-to-medium enterprises focused on a small number of drug and medical device categories.
the outlook for the canada dry eye syndrome (des) market is very positive, and although there are currently few specific treatments available for des, many hope that with advances in diagnostics and treatments, more options will be available in the future. there is huge potential for the des market to further expand, especially as more treatments become available and the population ages.