South and Central America Artificial Tears Market to Grow at a CAGR of 4.8% to reach US$ 130.3 Mn Million from 2021 to 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)

  • Report Code : TIPRE00023495
  • Category : Pharmaceuticals
  • Status : Published
  • No. of Pages : 120
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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.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Delivery Mode, Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Brazil, Argentina

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Artificial Tears Market – By Type

1.3.2 Artificial Tears Market – By Delivery Mode

1.3.3 Artificial Tears Market – By Application

1.3.4 South and Central America Artificial tears Market – By Country

2. South and Central America Artificial Tears Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. South and Central America Artificial Tears Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Artificial Tears Market- South and Central America PEST Analysis

4.3 Expert Opinion

5. South and Central America Artificial Tears Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Incidence of Dry Eye

5.1.2 Growing Older Population

5.2 Market Restraints

5.2.1 Poor Accessibility to Eye Care Services in Low-Income Countries

5.3 Market Opportunities

5.3.1 Increasing Number of Industrial Developments

5.4 Future Trends

5.4.1 Changes in Lifestyle

5.5 Impact Analysis

6. Artificial Tears Market – South and Central America Analysis

6.1 South and Central America Artificial Tears Market Revenue Forecasts and Analysis

7. South and Central America Artificial Tears Market Analysis and Forecasts To 2028 – By Type

7.1 Overview

7.2 Artificial Tears Market Revenue Share, by Type (2020 and 2028)

7.3 Cellulose Derived Tears

7.3.1 Overview

7.3.2 Cellulose Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Glycerin Derived Tears

7.4.1 Overview

7.4.2 Glycerin Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Oil-based Emulsion Tears

7.5.1 Overview

7.5.2 Oil-based Emulsion Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Polyethylene Glycol Based Tears

7.6.1 Overview

7.6.2 Polyethylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Propylene Glycol Based Tears

7.7.1 Overview

7.7.2 Propylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

7.8 Sodium Hyaluronate Based Artificial Tears

7.8.1 Overview

7.8.2 Sodium Hyaluronate Based Artificial Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

8. South and Central America Artificial Tears Market Analysis and Forecasts To 2028 – By Delivery Mode

8.1 Overview

8.2 Artificial Tears Market Revenue Share, by Delivery Mode (2020 and 2028)

8.3 Eye Drops

8.3.1 Overview

8.3.2 Eye Drops: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Ointments

8.4.1 Overview

8.4.2 Ointments: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

9. South and Central America Artificial Tears Market Analysis and Forecasts to 2028– By Application

9.1 Overview

9.2 Artificial Tears Market Share, by Application, 2020 and 2028, (%)

9.3 Dry Eyes Treatment

9.3.1 Overview

9.3.2 Dry Eyes Treatment: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Contact Lenses Moisture

9.4.1 Overview

9.4.2 Contact Lenses Moisture: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

10. Artificial Tears Market Revenue and Forecasts to 2028 – Geographical Analysis

10.1 South and Central America: Artificial Tears Market

10.1.1 Overview

10.1.2 South and Central America: Artificial Tears Market, by Country, 2020 & 2028 (%)

10.1.2.1 Brazil: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.1.1 Brazil: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.1.2 Brazil: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.2.1.3 Brazil: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.2.1.4 Brazil: Artificial Tears Market, Application, 2019–2028 (USD Million)

10.1.2.2 Argentina: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.2.1 Argentina: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.2.2 Argentina: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.2.2.3 Argentina: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.2.2.4 Argentina: Artificial Tears Market, Application, 2019–2028 (USD Million)

10.1.2.3 Rest of South and Central America: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.3.1 Rest of South and Central America: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

10.1.2.3.2 Rest of South and Central America: Artificial Tears Market, by Type, 2019–2028 (USD Million)

10.1.2.3.3 Rest of South and Central America: Artificial Tears Market, by Delivery Mode, 2019–2028 (USD Million)

10.1.2.3.4 Rest of South and Central America: Artificial Tears Market, Application, 2019–2028 (USD Million)

11. Impact Of COVID-19 Pandemic on South and Central America Artificial Tears Market

11.1 South and Central America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Growth Strategies Done by the Companies in the Market, (%)

12.3 Organic Developments

12.3.1 Overview

12.4 Inorganic Developments

12.4.1 Overview

13. COMPANY PROFILES

13.1 Johnson and Johnson Services, Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Alcon Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 OASIS Medical

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Abbvie Inc.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Bayer AG

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Prestige Consumer Healthcare Inc.

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Santen Pharmaceutical Co., Ltd.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Bausch Health Companies Inc.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

14. Appendix

14.1 About the Insight Partners

14.2 Glossary of Terms


LIST OF TABLES

Table 1. Brazil: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 2. Brazil: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 3. Brazil: Artificial Tears Market, Application – Revenue and Forecast to 2028 (USD Million)

Table 4. Argentina: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 5. Argentina: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 6. Argentina: Artificial Tears Market, Application – Revenue and Forecast to 2028 (USD Million)

Table 7. Rest of South and Central America: Artificial Tears Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 8. Rest of South and Central America: Artificial Tears Market, by Delivery Mode – Revenue and Forecast to 2028 (USD Million)

Table 9. Rest of South and Central America: Artificial Tears Market, Application – Revenue and Forecast to 2028 (USD Million)

Table 10. Organic Developments Done by Companies

Table 11. Inorganic Developments Done by Companies

Table 12. Glossary of Terms, Artificial Tears Market

LIST OF FIGURES

Figure 1. Artificial Tears Market Segmentation

Figure 2. South and Central America Artificial Tears Market Overview

Figure 3. Glycerin Derived Tears Segment Held Largest Share of Type in Artificial Tears Market

Figure 4. Brazil is Expected to Show Remarkable Growth During the Forecast Period

Figure 5. Artificial Tears Market - South and Central America PEST Analysis

Figure 6. Artificial Tears Market Impact Analysis of Driver and Restraints

Figure 7. South and Central America Artificial Tears Market – Revenue Forecasts and Analysis – 2020- 2028

Figure 8. Artificial Tears Market Revenue Share, by Type (2020 and 2028)

Figure 9. Cellulose Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10. Glycerin Derived Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Oil-based Emulsion Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. Polyethylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Propylene Glycol Based Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Sodium Hyaluronate Based Artificial Tears: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Artificial Tears Market Revenue Share, by Delivery Mode (2020 and 2028)

Figure 16. Eye Drops: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Ointments: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Artificial Tears Market Share, by Application, 2020 and 2028 (%)

Figure 19. Dry Eyes Treatment: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Contact Lenses Moisture: Artificial Tears Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. South and Central America: Artificial Tears Market, by Key Country – Revenue (2020) (USD Million)

Figure 22. South and Central America: Artificial Tears Market, by Country, 2020 & 2028 (%)

Figure 23. Brazil: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 24. Argentina: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 25. Rest of South and Central America: Artificial Tears Market – Revenue and Forecast to 2028 (USD Million)

Figure 26. Impact of COVID-19 Pandemic in South and Central America Country Markets

Figure 27. Growth Strategies Done by the Companies in the Market, (%)

  1. Johnson and Johnson Services, Inc.
  2. Alcon Inc.
  3. OASIS Medical
  4. AbbVie Inc.
  5. Bayer AG
  6. Prestige Consumer Healthcare Inc.
  7. Santen Pharmaceutical Co., Ltd.
  8. Bausch Health Companies Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

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.

  1. 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.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 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.

  1. 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.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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