Preservative-Free Eye Drops Market Technological Advancements, Demand and Future Industry Trends 2030

The Preservative-Free Eye Drops Market size is expected to grow from US$ 1.129 billion in 2022 to US$ 1.587 billion by 2030; it is projected to register a CAGR of 4.3% during 2022-2030.

In eye drops, preservatives are typically added to prevent bacterial contamination. However, some people may be sensitive or allergic to these preservatives. The most common preservative used in eye drops is called benzalkonium chloride (BAK). Overuse of BAK can irritate the eyes and worsen dry eye conditions. Preservative-free eye drops do not contain preservatives, such as BAK. Preservative-free eye drops are often recommended to people with sensitivities or those who need to use eye drops frequently. The growth of the preservative-free eye drops market is attributed to the growing awareness regarding potential side effects associated with preservatives and rising eye-related issues among the aging population. However, increasing product recalls may hinder the growing preservative-free eye drops market size.

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Analysis of the Top Market Players:

1. Nemera
2. Alcon Inc.
3. Bausch & Lomb Incorporated
4. Eyekare Kilitch Ltd.
5. Essex Bio-Technology Limited
6. Pillar5 Pharma Inc.
7. iVIZIA
8. Allergan PLC
9. CorneaCare Inc.
10. Bayer

In this report, the market has been segmented on the basis of:

Type
• Single-Dose
• Multiple-Dose

Application
• Dry Eye Disease
• Eye Allergy/Infection
• Glaucoma
• Retinal Disorders
• Other Indications

Distribution Channel
• Hospital Pharmacies
• Online Pharmacies
• Drug Stores And Retail Pharmacies

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Companies operating in the preservative-free eye drops market constantly focus on strategic developments such as collaborations, expansions, agreements, partnerships, and new product launches, which help them improve their sales, expand their geographic reach, and enhance their capacities to cater to a greater than existing customer base. A few of the noteworthy developments that favor the market growth are mentioned below:

- In September 2023, Alcon expanded its range of preservative-free eye drops by adding Systane Hydration multi-dose preservative-free lubricant eye drops. According to the company, its new therapy uses Systane's Intelligent Delivery system of HP-Guar and borate along with 0.15% hyaluronic acid for long-lasting dry eye relief. The bottle features Alcon's patented PureFlow technology to reduce the need for preservatives.

- In July 2023, Bausch + Lomb acquired the Blink product line of eye and contact lens drops from Johnson & Johnson Vision for US$106 million. The Blink range of products that are part of the acquisition include Blink Tears preservative-free lubricating eye drops, Blink Tears lubricating eye drops, and others. The company also announced a separate bid to purchase the Xiidra prescription dry eye drug from Novartis and declared it as the latest example of its strategy to focus on over-the-counter consumer eyecare products.

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