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 syndromemarket size reached US$ 263.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 419.0 Million by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 263.0 Million
Market Forecast in 2032
US$ 419.0 Million
Market Growth Rate 2024-2032
5.2%
Dry eye syndrome, or keratoconjunctivitis sicca (KCS), is a medical ailment characterized by various symptoms, such as aching, discomfort, burning, redness, photophobia and irritation in the eyes. It is a chronic disorder that occurs due to the lack of adequate moisture or lubrication on the surface of the eyes. It can be treated by administering artificial tears, surgeries, medications and lacrimal plugs. Dry eye syndrome can be caused due to multiple factors, such as menopause, allergies, vitamins deficiencies, autoimmune disorders, laser surgeries and excessive screen time. It can also be prevented by wearing wraparound sunglasses or other protective eyewear.
The growth in the Latin America dry eye syndrome market can be attributed to the rising geriatric population, which is prone to chronic eye-related disorders. Dry eye syndrome is associated with various medical conditions, such as diabetes, Sjogren's syndrome, arthritis, thyroid disorders, lupus and scleroderma, which are highly prevalent in elderly patients. In addition to this, the widespread utilization of contact lenses is also increasing the occurrence of dry eye syndrome. The material of the contact lens inhibits the oxygen flow to the cornea and dries up the surface of the eyes. However, various product innovations, such as the utilization of secretagogues and neurostimulation devices to stimulate the lacrimal gland temporarily and increase the natural tear production, are providing a thrust to the market growth. In line with this, the increasing utilization of electronics, such as laptops, smartphones and television, which is leading to prolonged and excessive screen time, is also impacting the market growth. Other factors, including significant improvements in the healthcare infrastructure and diagnostic technologies, along with lack of physical activities among the masses resulting in increased oxidative stress, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Latin America dry eye syndrome market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on disease type, drug type, product and distribution channel.
Breakup by Disease Type:
Evaporative
Aqueous
Breakup by Drug Type:
Anti-inflammatory Drugs
Lubricant Eye Drops
Autologous Serum Eye Drops
Breakup by Product:
Liquid Drops
Gel
Liquid Wipes
Eye Ointment
Others
Breakup by Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Breakup by Country:
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
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
Report Price and Purchase Option
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The Latin America dry eye syndrome market was valued at US$ 263.0 Million in 2023.
We expect the Latin America dry eye syndrome market to exhibit a CAGR of 5.2% during 2024-2032.
The high prevalence of dry eye syndrome as a common symptom for numerous medical ailments, such
as Sjogren’s syndrome, lupus, scleroderma, rheumatoid arthritis, etc., is primarily driving the Latin
America dry eye syndrome market.
The sudden outbreak of the COVID-19 pandemic had led to a severe decline in hospital or clinic visits for
mitigating the risk of coronavirus infection, thereby negatively impacting the demand for dry eye
syndrome diagnosis and treatment procedures across several nations of Latin America.
Based on the disease type, the Latin America dry eye syndrome market has been segmented into
evaporative and aqueous. Currently, evaporative disease holds the majority of the total market share.
Based on the drug type, the Latin America dry eye syndrome market can be divided into anti-inflammatory drugs, lubricant eye drops, and autologous serum eye drops. Among these, anti-inflammatory drugs currently exhibit a clear dominance in the market.
Based on the product, the Latin America dry eye syndrome market has been categorized into liquid
drops, gel, liquid wipes, eye ointment, and others. Currently, liquid drops account for the majority of the
total market share.
Based on the distribution channel, the Latin America dry eye syndrome market can be bifurcated into
hospital pharmacies, retail pharmacies, and online pharmacies. Among these, hospital pharmacies hold
largest market share.
On a regional level, the market has been classified into Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others, where Brazil currently dominates the Latin America dry eye syndrome market.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.