South and Central America Dry Eye Products market is expected to reach US$ 302.57 million by 2027 from US$ 239.08 million in 2019. The market is estimated to grow at CAGR of 3.2%from 2020 to 2027.
Dry eye is a chronic syndrome and is a progressive depending upon the cause and severity. It is a condition when a person does not have tears to lubricate his or her eyes. Tears are an essential part of maintaining good health of the eye and assist in providing good vision. The syndrome is commonly seen among older people and is becoming common among people spending a long time in front of the computer. The factors that can cause dry eye include age, medications, environmental conditions, long term use of contact lenses. The conditions cannot be cured completely; however, it can be managed by using medical products. The Scope of South and Central America Dry eye products market is by product, type and region.
South and Central America Dry Eye Products Market Revenue and Forecast to 2027 (US$ Million)- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Rising Incidences of Dry Eye and Significant increase of Geriatric population
The incidence and prevalence of dry eye are rising among population,. Dry eye is caused by multiple factors that result in discomfort, irritation, and visual disturbance. Dry eye is a more lifestyle oriented disease along with some hormonal changes as well as presence of different acute and chronic conditions. Some of the major reasons for dry eye are autoimmune disorders along with different eye infections. But the most common reason for dry eye is evaporation of tears from eye i.e tears are not available for lubricating eye; Such condition commonly seen in people who spend hours in front of mobile screens and computer, or doing other activities such as reading and driving is well. According to scientific reports on study was carried out in Brazil to check the prevalence of dry eye and investigation of possible risk factors through the questionnaire. The study has 3,107 participants from different geographic locations in brazil; So in that study it was found that prevalence of dry eye is in 12.8% of the population and are at the higher risk of a disease. Dry eye is a common condition in the Brazilian population and prevalence rates varies substantially in the different geographic regions of the country, possibly reflecting climate and socioeconomic discrepancies.The incidence of dry eye is commonly seen in older people of age 65 and above. The number of geriatric population is increasing rapidly across the region. The older population is becoming a significant social transformation such as depending on the other for financial needs and wellness on the younger people in the present century. Older people are significantly contributing to the development of the medical sector as it is helps by offering various innovative techniques to treat older people. Various healthcare companies design their products by focusing on geriatric population. As the degeneration process among older people is much faster, they are highly prevalent to dry eye conditions. Therefore, the high prevalence of dry eye among older population is likely to promote manufacturers to introduce new dry eye products in the market, which, in turn, contributes to the growth of the market. In Argentina almost 11% of population is above the age of 65 and this number is keep rising.
Product-BasedMarket Insights
Based on product,the Dry Eye Products market is further segmented into Artificial tears, Antibiotic drops, hormone drops and others.. The Artificial tears segment held a larger share of the market in 2019; however, the Hormone drops segment is anticipated to register the highest CAGR in the market during the forecast period.
South and Central America Dry Eye Products Market, by Product– 2019and 2027
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Type-Based Market Insights
Based on Type, the Dry Eye Productsmarket is segmented into OTC drugs and prescription drugs.. The OTC drugs segment held the largest share of the market in 2019 and Prescription drugs estimated to register the highest CAGR during the forecast period.
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South and Central America Dry Eye Products Market: Strategic Insights
Market Size Value in | US$ 239.08 Million in 2019 |
Market Size Value by | US$ 302.57 Million by 2027 |
Growth rate | CAGR of 3.2% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
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Speak to AnalystProduct launches and approvalsarecommonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the Dry Eye Products Marketadopt the expansion, collaboration, and product launch strategies to enlarge customer base across the region.These strategies allow the players to maintain their brand name globally.
By Product Type
- Artificial tears
- Antibiotic Drops
- Hormone Drops
- Others
By Type
- OTC Drugs
- Prescription Drugs
By Country
South and Central America
- Brazil
- Argentina
Company Profiles
- Novartis AG
- Santen Pharmaceuticals Co. Ltd
- Johnson and Johnson Services Inc
- OASIS Medical
- URSAPHARM Arzneimittel GmbH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Type, and Country.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Argentina
- Novartis AG
- Johnson And Johnson Services Inc.
- Santen Pharmaceuticals CO. Ltd
- OASIS Medical
- Abbvie Inc.
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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