Dry eye syndrome (DES) refers to the condition of lack of tears to lubricate and provide sufficient moisture to the eye. Tears help to maintain eye health and provide clear vision. Some of the symptoms of dry eye syndrome are irritation, itching, pain, burning, watery eyes and unclear vision. Some of the treatment options to control these symptoms of dry eye syndrome are lubricant treatments, anti-inflammatory treatments, autologous serum eye drops and surgery.
Currently, the companies which are operates in dry eye syndrome treatment, entering into the mergers and acquisition with other companies and launching new products to expand its dry eye syndrome treatment business. For instant, in June 2015, Allergan plc, a pharmaceutical company acquired Oculeve Inc, a medical device company that focuses on new technologies for dry eye disease for increasing its position in the dry eye syndrome treatment market. In addition, in October 2015, Allergan plc launched artificial tear REFRESH OPTIVE gel drops to provide artificial tear option to relieve dry eye symptoms. In 2014, Nicox S.A. a French pharmaceutical company launched AdenoPlus and Xailin to relief of dry eye symptoms.
Globally, increasing patient population with dry eye syndrome and rising need for better healthcare facilities for eye disease treatment, which results the dry eye syndrome treatment market is also increasing.
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Dry Eye Syndrome Treatment Market: Drivers and Restraints
Increasing number of patient with dry eye syndrome, growing awareness about syndrome, rising demand for advanced treatment for dry eye syndrome, growing patient population of various diseases that can causes dry eye syndrome such as diabetes, lupus, scleroderma, rheumatoid arthritis, Sjogren's syndrome, thyroid disorders and vitamin A deficiency, increasing research and development activities, government initiative and growing...