Canada Dry Eye Treatment Devices Market Size & Outlook
Canada dry eye treatment devices market, 2018-2030 (US$M)
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Canada dry eye treatment devices market highlights
- The Canada dry eye treatment devices market generated a revenue of USD 16.0 million in 2023 and is expected to reach USD 27.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, meibomian gland expression (mgx) was the largest revenue generating technology in 2023.
- Broadband light (BBL) is the most lucrative technology segment registering the fastest growth during the forecast period.
Dry eye treatment devices market data book summary
| Market revenue in 2023 | USD 16.0 million |
| Market revenue in 2030 | USD 27.1 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Meibomian gland expression (mgx) |
| Fastest growing segment | Broadband light (BBL) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Broadband light (BBL), Intense Pulsed Light (IPL), Meibomian Gland Expression (MGX), Combination (MGX+IPL) |
| Key market players worldwide | Sight Sciences Inc, Lumenis, Johnson & Johnson, Alcon Inc, MiBo Medical Group, ESW vision |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global dry eye treatment devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. dry eye treatment devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 27.1 million by 2030.
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Dry Eye Treatment Devices Market Scope
Dry Eye Treatment Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada dry eye treatment devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dry eye treatment devices market will help companies and investors design strategic landscapes.
Meibomian gland expression (mgx) was the largest segment with a revenue share of 41.25% in 2023. Horizon Databook has segmented the Canada dry eye treatment devices market based on broadband light (bbl), intense pulsed light (ipl), meibomian gland expression (mgx), combination (mgx+ipl) covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s dry eye treatment devices market is anticipated to witness lucrative growth during the forecast period. This can be attributed to the rising inclination of eye care providers toward modern interventions for dry eye management.
Annual ophthalmology conferences, such as the Canadian Dry Eye Summit, have contributed significantly to raising awareness about modern therapies for dry eye among patients and providers in Canada.
Moreover, with advanced technologies gaining frequent access, the market is expected to face a surge in demand over the coming years. For instance, in April 2020, I-Med Pharma, a Canadian company specializing in dry eye management technologies, received distribution rights to sell E-Eye (IPL technology) by ESW Vision in Canada.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada dry eye treatment devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada dry eye treatment devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada dry eye treatment devices market size, by technology, 2018-2030 (US$M)
Canada Dry Eye Treatment Devices Market Outlook Share, 2023 & 2030 (US$M)
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