The Ophthalmology Therapeutics Market size in Latin America was worth USD 3.33 billion in 2022 and estimated to be growing at a CAGR of 7.9% to reach USD 4.88 billion by 2027. The market is showcasing evident potential in the mentioned forecasting period. Ophthalmology is the branch of medicine concerned with the management of eye defects and diseases.
The growing prevalence of vision impairment drives the Latin American market for Ophthalmology Therapeutics. The prevalence of vision impairment varies from 1.1% in Argentina to 4.1% in Guatemala in people aged 50 years and above, with the major cause being cataracts. Advancements in technology and the increasing geriatric population across the continent are key driving factors for the market.
However, limited awareness about the various diseases associated with ophthalmology is a major restraint posed by the market. Unclear reimbursement policies are also one of the major restraints for the market growth.
This research report on the Latin America Ophthalmology Therapeutics Market has been segmented and sub-segmented Market into the following categories:
By End User:
Geographically, In Latin America, Brazil is the largest market for Ophthalmology Therapeutic devices accounting for approximately XX%.
Key participants in the Latin American Ophthalmology Therapeutics Market are Pfizer Inc., Allergan Inc., Alcon Inc., Merck & co. Inc., Roche Valeant, Regeneron, Santen, Bayer, Senju, Lpath, and Eye Gate Pharmaceuticals.
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