South and Central America Artificial Tears Market Analysis and Opportunities by 2028
South and Central America Artificial Tears Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cellulose Derived Tears, Glycerin Derived Tears, Oil-based Emulsion Tears, Polythylene Glycol Based Tears, Propylene Glycol Based Tears, and Sodium Hyaluronate Based Artificial Tears); Delivery Mode (Eye Drops, and Ointments); Application (Dry Eyes Treatment, and Contact Lenses Moisture)
- Status : Published
- Report Code : TIPRE00023495
- Category : Life Sciences
- No. of Pages : 120
- Available Report Formats :
- Last update date : July 08, 2021
2021 Market Size
US$ 94.0 Mn
Base year value
2028 Forecast
US$ 130.3 Mn
Projected by 2028
CAGR 2022-2028
4.8 %
Growth rate
Addressable Market
US$ 797.22 Mn
(2022-2028)
The artificial tears market in South and Central America is expected to grow from US$ 94.0 million in 2021 to US$ 130.3 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.
The incidence of dry eye is rising among population, especially in developed nations. Dry eye is caused by multiple factors that result in discomfort, irritation, and visual disturbance. Additionally, the prevalence was 18.6% among older people. Based on sex, the percentage of prevalence was higher in women; it accounted for 8.8% than men with 4.5%. Artificial tears drop provide moisture and relief for dry eyes. Thus, the increasing prevalence of dry eye is expected to drive the artificial tears market.
The COVID-19 pandemic presented numerous impacts on health systems, social life, and human behavior worldwide. It remains a challenge for local communities. In Brazil, a decrease in the number of treated patients was observed in the Artificial Tears department despite efforts to keep the treatment routine as normal as possible. Nevertheless, a higher decrease in the total number of sessions was detected, indicating a smaller number of fractions/patients overall. According to International Labour Organization, one such survey for Brazil (XP Investments) estimates that 35% of workers are working from home. According to International Labour Organization, With the COVID-19 pandemic, the percentage of workers teleworking has risen tremendously, as companies have taken steps to facilitate the practice in an effort to keep their operations ongoing. A March 25th survey of 250 large firms in Argentina found, for example, that 93% had adopted teleworking as a policy in response to the COVID-19 pandemic. This triggers incidence of dry eye syndrome (DES). These factors had a potential impact on the South and Central America artificial tears market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Artificial tears market. The South and Central America Artificial tears market is expected to grow at a good CAGR during the forecast period.
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South and Central America Artificial Tears Market Segmentation
By Type
- Glycerin Derived Tears
- Cellulose Derived Tears
- Oil-based Emulsion Tears
- Polythylene Glycol Based Tears
- Sodium Hyaluronate Based Artificial Tears
- Propylene Glycol Based Tears
By Delivery Mode
- Eye Drops
- Ointments
By Application
- Dry Eyes Treatment
- Contact Lenses Moisture
By Country
-
South and Central America
- Brazil
- Argentina
- Rest of South and Central America
Companies Mentioned
- Johnson and Johnson Services, Inc.
- Alcon Inc.
- OASIS Medical
- AbbVie Inc.
- Bayer AG
- Prestige Consumer Healthcare Inc.
- Santen Pharmaceutical Co., Ltd.
- Bausch Health Companies Inc.
South and Central America Artificial Tears Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 94.0 Million |
| Market Size by 2028 | US$ 130.3 Million |
| CAGR (2021 - 2028) | 4.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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