Latin America Dry Eye Syndrome Market

Market Overview:

The Latin America dry eye syndrome market 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.

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: