Tear Duct Plugs Market: Drivers and Restraints
Nowadays, dry eye condition is becoming one of the most common faced complaints in the ophthalmologist’s clinic. However, dry eye symptoms can be significantly reduced with the use of artificial tears of varying viscosity. Tear duct plugs reduce the burden of dry eye condition, which is expected to be the prominent factor driving the growth of global tear duct plugs market.
According to the American Academy of Ophthalmology, it is observed that occurrence of dry eye condition increases with the age. Around 3.2 million women and 1.7 million men aged 50 and over in the U.S. are affected by dry eye syndrome. However, alternative treatment options may hamper the growth of the global tear duct plugs market.
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Tear Duct Plugs Market: Segmentation
Tentatively, the global tear duct plugs market can be segmented on the basis of product type, end user and geography.
Based on product type, the global tear duct plugs market is segmented as:
- Silicone Tear Duct Plugs
- Temporary/Dissolvable Tear Duct Plugs
- Intracanalicular Tear Duct Plugs
Based on end user, the global tear duct plugs market is segmented as:
- Hospitals
- Ambulatory Surgical Centers
- Ophthalmology Surgery Center
- Others
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Important doubts related to the Tear Duct Plugs Market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the keyword market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
Report regional analysis includes:
- North America
- Europe
- MEA
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
- Oceania (Australia, New Zealand)
- Latin America
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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Tear Duct Plugs Market: Key Players
Examples of some of the key players operating in the global tear duct plugs market are Lacrimedics, Inc., OASIS Medical, Beaver-Visitec International, FCI Ophthalmics Inc., and Surgical Specialties Corporation, among others.
The key players in the global tear duct plugs market are primarily targeting for geographical expansion in order to increase their market presence by adopting new strategies. Strategies may include acquisitions, agreements, collaborations, mergers, and others.
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Competitive landscape
- Strategies of key players and Products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Highlights from the Report
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- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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