Latin America Dry Eye Syndrome Market to Reach US$ 419.0 Million by 2032, Impelled by Changing Lifestyle Patterns of Masses

October 04, 2022 | Healthcare

According to the latest report by IMARC Group, titled "Latin America Dry Eye Syndrome Market Report by Disease Type (Evaporative, Aqueous), Drug Type (Anti-inflammatory Drugs, Lubricant Eye Drops, Autologous Serum Eye Drops), Product (Liquid Drops, Gel, Liquid Wipes, Eye Ointment, and Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Country 2024-2032," the Latin America dry eye syndrome market reached a value of US$ 263.0 Million in 2023. Dry eye syndrome refers to a medical condition that occurs due to a lack of adequate lubrication on the surface of the eyes. It can be caused due to multiple factors, such as vitamin deficiency, prolonged screen usage, laser surgeries, autoimmune diseases, menopause and allergies. It is a condition that is characterized by multiple symptoms, including discomfort, burning or stinging sensation, redness, blurry vision, and sensitivity to light aching. Additionally, it also causes disturbance of the lacrimal functional unit, including lacrimal glands, ocular surface and lids. It can generally be treated by eye drops, lacrimal plugs, medications and surgeries.

Latin America Dry Eye Syndrome Market Trends: 

The market in Latin America is primarily driven by the changing lifestyle patterns of the masses. This can be attributed to the increasing utilization of smartphones and laptops by students and working professionals. Moreover, the rising prevalence of chronic ocular diseases among individuals is providing a thrust to the market. Coupled with the growing geriatric population that is susceptible to various medical illnesses, this is impacting the market growth favorably. Along with this, the increasing adoption of contact lenses and improper diet routines of the masses is also contributing to the rising occurrences of dry eye syndrome. Apart from this, heavy investments by private and public agencies for improving the overall healthcare infrastructure are further catalyzing the market. In addition to this, the increasing awareness regarding the availability of various treatments for dry eye syndrome and the inflating disposable income levels of individuals are creating a positive market outlook. Other factors, including continual technological advancements in the healthcare industry, the growing number of clinical trials and extensive research and development (R&D) activities, are also positively influencing the market across Latin America. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 419.0 Million by 2032, exhibiting a CAGR of 5.2% during 2024-2032. 

Market Summary:

  • Based on the disease type, the market has been bifurcated into evaporative and aqueous.
  • On the basis of drug type, the market has been segmented into anti-inflammatory drugs, lubricant eye drops and autologous serum eye drops.
  • Based on the product, the market has been segregated into liquid drops, gel, liquid wipes, eye ointment and others.
  • On the basis of the distribution channel, the market has been categorized into hospital, retail and online pharmacies.
  • Based on the country, the market has been divided into Brazil, Mexico, Argentina, Colombia, Chile, Peru and others.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Disease Type, Drug Type, Product, Distribution Channel, Country
Countries Covered Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Latin America Dry Eye Syndrome Market to Reach US$ 419.0 Million by 2032, Impelled by Changing Lifestyle Patterns of Masses
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