Sodium Hyaluronate Eye Drops Market

Market Overview

The Global Sodium Hyaluronate Eye Drops Market Size is estimated to grow at a CAGR of approximately 8.2% over the analysis period.

Sodium Hyaluronate Eye Drops are used by the people suffering from dry eye syndrome in order to keep the eyes moist. Dry Eye Syndrome is a syndrome which is caused when the eyes do not produce enough water which can cause dryness and irritation in the eyes. Sodium hyaluronate is type of glycosaminoglycan, a chain of sugar.

Sodium hyaluronate is found in the tear film of eyes. It protects the eyes and keeps it lubricated. Sodium hyaluronate eye drops add hyaluronic acid to the tear film. It gives relief in the conditions like dry eye syndrome, dryness of eyes, grittiness, and irritation. Sodium Hyaluronate is substance found in the body’s connective tissues, joints, and fluids. It has high viscosity, due to which a protective film is formed on the surface of the eye which provides relief which reduces the need of frequent application. The high viscosity also helps the eye drops to stick to the ocular surface which increases their retention time and effectiveness.

The tear film is nothing but a thin layer of fluid which covers the surface of the eye. It plays an important role in maintaining the clarity of the cornea. Sodium hyaluronate eye drops can help in stabilizing the tear film by increasing its thickness and reducing evaporation, which leads to ocular comfort and prevents dryness.

The frequency of use of the eye drops is as directed by the doctors or depends on the condition of the patients’ eyes. The increasing number of patients having dry eye syndrome, growing aging population, rising awareness about eye health in various regions globally drives the market of Sodium Hyaluronate Eye Drops.

Market Dynamics

Global Sodium Hyaluronate Eye Drops Market Drivers

• Increased awareness about Eye Health

The Eye health ahs become an important concern now a days. The low severity eye diseases such as eye itching, Dry Eyes Syndrome is increasing due to increasing air pollution across the globe. The sodium Hyaluronate as are used mostly as OTC products it does not require any prescription and the chances of allergy is low. As its moistures and lubricates the eyes it is used frequently by the population. The increased awareness of the eye health is leading to the precautionary actions which involves the use of these eye drops. As these drops are available in relatively lower costs, they are easily accessible. The increase in screen time is another major reason for redness of eyes and itching, in order to pursue the work and reduce the further risk the people have started taking actions on the eye health issues before it results into any major eye diseases.

Global Sodium Hyaluronate Eye Drops Market Restraints

• Allergic reactions

Sodium Hyaluronate are drops which are frequently used but it has certain side effects which resist some users from using it frequently. The hyaluronate present in the eye drops may be allergic to the hyaluronate present in the drops. In such cases the aging populations should consult the doctors immediately as it may cause severe eye diseases if ignored. The drops can cause eye issues in the small children as they have hyaluronate which can be hard on the eyes of children if used. People who have sensitive eyes or are operated for some eye disease should not use the drops without consultation. These risks associated with the eye drops use can restraint the users from using it causing less demand and sale of the product.

Market Scope

Segmental Analysis

Segmentation By Type

• 0.001

Sodium hyaluronate eye drops are available in different concentrations, and 0.001% represents a low concentration of sodium hyaluronate in the formulation. The percentage is the amount of sodium hyaluronate against the eye drop solution in the eye drop. Eye drop formulations may contain additional ingredients to enhance their stability and comfort. These may include preservatives, electrolytes, buffering agents, antioxidants or other substances that support the effectiveness and safety of the eye drops. Sodium hyaluronate eye drops with a concentration of 0.001% are generally used as over-the-counter (OTC) products are the products which can be bought without prescription from the medical. 0.001% sodium hyaluronate eye drops can be used by people who have mild to moderate dry eye symptoms, Contact Lens Wearers or individuals having sensitive eyes.

• 0.0015

Sodium hyaluronate eye drops which have a concentration of 0.0015 mg/mL are a type of artificial tear that are used to treat dry eye syndrome. They are also known as "low-viscosity" sodium hyaluronate eye drops. These drops are less viscous than other types of sodium hyaluronate eye drops, that is they are thinner and spread more easily over the eye's surface.0.0015 mg/mL sodium hyaluronate eye drops are not a cure for dry eye syndrome. They can help to relieve the symptoms, but they do not prevent the condition from recurring.

Segmentation By Application

• Dry Eye

Sodium hyaluronate is a viscoelastic substance that binds to water molecules and form a protective film on the ocular surface. When it is applied as eye drops, it helps lubrication of the eyes, reducing dryness of the eyes. The moisture-retaining properties of sodium hyaluronate help restore and maintain the natural tear film on the ocular surface which improves the overall eye comfort. Sodium hyaluronate forms a protective barrier on the ocular surface which provides protective shield from environmental irritants, pollutants, and allergens. This barrier helps prevent damage to the eyes and reduces the risk of inflammation or irritation caused by external factors. Dry eyes syndrome involves inflammation of the ocular surface. Sodium hyaluronate eye drops have anti-inflammatory properties that can help reduce inflammation and soothe the eyes. By reducing inflammation, these eye drops give a relief from redness, swelling, and irritation.

• Rewetting

Sodium hyaluronate eye drops are commonly used for the treatment of dry eye syndrome. Dry eye occurs when the eyes do not produce enough tears or when the tears evaporate too quickly. Wearing contact lenses can lead to dryness and discomfort. Sodium hyaluronate eye drops can be used to rewet the eyes which become dry due to wearing contact lenses and reducing irritation. These eye drops help to maintain a moist environment on the surface of the eye and reduces friction between the lens and the eye. Prolonged screen time and extended periods of focusing on digital devices can lead to eye strain and dryness, commonly known as computer vision syndrome. Sodium hyaluronate eye drops can help to cure these symptoms by moisturizing the eyes and reducing the discomfort associated with prolonged screen use.

Regional Analysis

The Global Sodium Hyaluronate Eye Drops Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America

The Artificial tears market in North America is expected to grow at CAGR of 5.2%. The players in the industry are focusing on brand establishments, as well as providing wide supply chain and distribution channels to leverage their presence in the global market. The companies are working proactively to launch advanced products in the market. The wide distribution channel involves retail pharmacies, hospitals, and online pharmacies. The retail pharmacies segment is expected to dominate the market during in North America. This is due to the high availability of sodium hyaluronate eye drops in retail pharmacies. The adult’s segment is expected to dominate the market in the region. This is due to the high prevalence of dry eye syndrome and other eye conditions in adults.

Europe

In France growth of the market is being driven by the increasing prevalence of eye diseases such as cataracts, glaucoma, and dry eye syndrome. The eye drop market in France is expected to grow at a CAGR of 4.1% from 2023 to 2031. Cataracts is the main driver of the eye drops in the region. The market is driven by the increasing prevalence of eye diseases, rising awareness about eye health, and technological advancements in eye drop manufacturing in Germany. Artificial tears are the largest segment of the market which contributes for the majority of the market share. In Spain the largest segment of the eye drops in the Artificial tears and more than 50% of market is driven by the retailers as it is an OTC product which is directly purchased without any prescription.

Asia Pacific

In India major types of eye drops include antibiotics, antifungals, and anti-glaucoma medications. The dry eye syndrome is the market driver for Artificial tears in India due to increasing air pollution. The key players in the Indian eye drop market include Allergan, Novartis, Pfizer, and Johnson & Johnson. In China the most common eye diseases include myopia, cataract, glaucoma, and diabetic retinopathy. These diseases can lead to serious vision loss if not treated properly. In Japan 40% of the adults are affected by the Dry eye syndrome which drives the market of Sodium Hyaluronate eye drops. Rohto, Senju Pharmaceutical, and Santen Pharmaceutical are the leading Players in Eye Drop Market in Japan. All these factors collectively are the drivers of the market in different countries of the region.

South America

Eye care is the second largest application segment, and it is expected to grow at a significant rate. Zimmer Ophthalmic Systems AG, Essilor International SA are some of the major players of the eye drop market. In Columbia mostly the Sodium Hyaluronate Eye drop are used as OTC products because the dry eye syndrome is increasing in the region. There are many cases where due to affordability of the Sodium Hyaluronate Eye drops they are purchased for allergic reactions in eyes frequently in the region. These factors contribute to the artificial tears as the largest segment of the eye drop market in the region.

Middle East and Africa

Systane Ultra Lubricant Eye Drops, Blink Gel Tears Lubricating Eye Drops, Refresh Optiv Mega-3 Lubricant Eye Drops, Systane Complete Preservative-Free Lubricant Eye Drops are some of the major selling Eye drops in Middle East and Africa due to increase in demand of the OTC products in the region.

Key Players

1. URSAPHARM Agrinierite GmbH
2. Santen
3. Bayer Inc.
4. Bausch & Lomb
5. Johnson & Johnson
6. The United Laboratories
7. Alcon
8. Novas Pharma
9. Rohto
10. Thea Pharmaceuticals
11. Scope Ophthalmic Ltd
12. Prestige Consumer Healthcare
13. Medicom Healthcare Ltd
14. Altacor
15. Optrex