Triton’s research report infers that the Latin American ophthalmic drugs market is expected to reach a CAGR of 7.41% in the 2023-2030 forecast period. Brazil, Mexico and the Rest of Latin America are examined in this report.
The ophthalmic drugs market in Latin America is witnessing robust growth as the demand for ophthalmic medications is rising. Additionally, the collaborations between healthcare providers and pharmaceutical companies to deliver efficient drug delivery and treatment access improve the ophthalmic drugs market. The rising population of middle-class and elderly is also creating a need to expand the healthcare systems and streamline eye care services.
In order to enhance the accessibility of eye care solutions to Mexican people, the ophthalmic drugs market emerges as a collaboration and innovation hub. The Federal Commission for Protection against Sanitary Risk (COFEPRIS) timely ensures that drug manufacturing companies meet the required standards of safety and efficacy. An increase in healthcare expenditure fosters a culture of innovation and advancements to produce patient-friendly ophthalmic drugs, which leads to the growth of the studied market.
Competitive Outlook
The major companies listed in the ophthalmic drugs market are Johnson & Johnson, Accutome Inc, Regeneron Pharmaceuticals Inc, Novartis AG, Thea Pharma Inc, and Pfizer Inc.
1. Latin America Ophthalmic Drugs Market - Summary
2. Industry Outlook
2.1. Technology Snapshot
2.2. Impact Analysis On The Ophthalmic Drugs Market
2.2.1. Covid-19 Impact On The Ophthalmic Drugs Market
2.3. Porters Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Maturity Analysis
2.5. Regulatory Framework
2.6. Key Buying Impact Analysis
2.7. Key Market Strategies
2.7.1. Collaborations
2.7.2. Product Launches
2.7.3. Mergers & Acquisitions
2.8. Market Drivers
2.8.1. Aging Population Vulnerable To Eye Disorders
2.8.2. Progress In Drug Delivery Technologies
2.8.3. Escalating Incidence Of Ocular Diseases
2.8.4. Reimbursement Policies By Healthcare Systems
2.9. Market Challenges
2.9.1. Challenging Timelines For Product Approval
2.9.2. Adverse Effects Associated With Ophthalmic Drug Usage
2.10. Market Opportunities
2.10.1. Surge In Interest Regarding Topically Administered Ophthalmic Drugs
2.10.2. Increase In Approvals For Innovative Ophthalmic Therapies
2.11. Analyst Perspective
3. Latin America Ophthalmic Drugs Market – By Type
3.1. Prescription Drugs
3.2. Over-the-counter Drugs
4. Latin America Ophthalmic Drugs Market – By Condition
4.1. Dry Eye
4.2. Glaucoma
4.3. Infection/Inflammation/Allergies
4.4. Retinal Disorder
4.4.1. Wet-age Related Macular Degeneration
4.4.2. Dry-age Related Macular Degeneration
4.4.3. Diabetic Retinopathy
4.4.4. Other Retinal Disorders
4.5. Other Conditions
5. Latin America Ophthalmic Drugs Market – By Therapeutic Type
5.1. Anti-glaucoma
5.2. Anti-infection
5.3. Anti-inflammatory
5.4. Anti-allergy
5.5. Other Therapeutic Types
6. Latin America Ophthalmic Drugs Market – By Delivery Method
6.1. Gels
6.2. Eye Solutions & Suspensions
6.3. Capsules & Tablets
6.4. Eye Drops
6.5. Ointments
7. Latin America Ophthalmic Drugs Market – By Channel
7.1. Hospital Pharmacies
7.2. Drug Stores
7.3. Online Pharmacies
7.4. Other Channels
8. Latin America Ophthalmic Drugs Market – Country Outlook
8.1. Brazil
8.1.1. Brazil Ophthalmic Drugs Market Forecast & Prospects