Over-the-counter (OTC) dry eye drops are non-prescription eye medications used to relieve symptoms of dry eyes. These drops typically provide lubrication and moisture to the eyes, alleviating discomfort, irritation, and redness caused by insufficient tear production or poor tear quality. They are readily available at pharmacies and do not require a doctor’s prescription. In terms of revenue, the global OTC dry eye drops market was worth US$ 3.38 Bn in 2022, anticipated to witness CAGR of 7.74% during 2023 – 2031.

Trends in the Global OTC Dry Eye Drops Market

• The growing reliance on digital screens in both work and leisure is intensifying eye strain and dry eye symptoms. Prolonged screen exposure reduces the frequency of natural blinking, leading to faster tear evaporation. Consequently, people are increasingly turning to OTC dry eye drops for quick relief. This trend is further propelled by the current work-from-home and online learning scenarios, where individuals are exposed to screens for extended durations, creating sustained demand for eye lubrication products.
• With a continuously aging global population, the prevalence of age-related dry eye is on the rise. As people get older, their tear production tends to decrease, leading to chronic dry eye issues. This demographic shift fuels the demand for OTC dry eye drops as a convenient and accessible solution for seniors seeking relief from dryness, irritation, and discomfort. The market is witnessing a surge in products catering specifically to age-related dry eye concerns, addressing a pressing need among older adults.

Global OTC Dry Eye Drops Market Revenue & Forecast, (US$ Million), 2015 – 2031

Preservative-free segment has gained popularity in recent years and is anticipated to be the fastest growing segment in the global OTC dry eye drops market during the forecast period. This growth can be attributed to increasing consumer awareness of eye health and safety. Surveys indicate a rising concern among users about the potential irritants like benzalkonium chloride found in preservatives. Data shows that a substantial number of individuals prefer gentler alternatives to alleviate dry eye symptoms. Preservative-free formulations offer a safer and more comfortable option, particularly for those with sensitive eyes or frequent usage requirements. The growing demand for these products is bolstered by healthcare practitioners’ recommendations, emphasizing the significance of eye health, making the Preservative-free segment the fastest-growing in the OTC Dry Eye Drops market.

Low viscosity segment had the highest share in the global OTC dry eye drops market in 2022. The dominance is driven by its versatility and broad consumer appeal. This study observed that a majority of dry eye sufferers prefer these drops due to their lightweight and non-greasy nature. Low viscosity drops mimic the natural tear consistency, providing quick and even coverage, making them suitable for various dry eye conditions. Additionally, they are often recommended by eye care professionals, further solidifying their position. Data highlights that users find low viscosity formulations comfortable and convenient for everyday use, making them the preferred choice for a wide range of consumers, thereby establishing their dominance in the market.

Asia Pacific is expected to witness the highest growth rate in the OTC dry eye drops market during the forecast period. This study observed a rising prevalence of dry eye conditions driven by an aging population, prolonged screen time, and environmental factors like air pollution. These surveys also underscore an increasing awareness of eye health and a consumer preference for OTC solutions in the region. With an expanding middle-class population and improved healthcare product accessibility, the Asia Pacific market is witnessing a surge in demand. Additionally, a growing array of innovative products tailored to address regional needs further solidifies its rapid growth in the OTC dry eye drops market.

Competitive Landscape

Some of the players operating in the global OTC dry eye drops market are

• AbbVie Inc.
• Johnson & Johnson Services, Inc.
• Medicom Healthcare Ltd.
• Novartis AG
• Prestige Consumer Healthcare Inc.
• Rohto
• Santen Pharmaceutical Co., Ltd.
• Sentiss
• Other Industry Participants

Report Summary of Global OTC Dry Eye Drops Market

Global OTC Dry Eye Drops Market

By Type

• Branded
• Generics

By Product Type

• With Preservatives
• Preservative Free

By Viscosity

• Low Viscosity
• High Viscosity

By Distribution Channel

• Drugstores and Supermarkets
• Online Pharmacies
• Retail Pharmacies
• Others

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

Report Coverage and Deliverables:

Table of Contents

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**Exclusive for Multi-User and Enterprise User.

Global OTC Dry Eye Drops Market Segmentation

By Type

By Product Type

By Viscosity

By Distribution Channel

By Region

**Note: The report covers cross-segmentation analysis by region further into countries

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