Report : South America Dry Eye Products Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Artificial Tears, Antibiotic Drops, Hormone Drops, and Others) and Type (OTC Drugs and Prescription Drugs)
OTC Drugs Segment to Dominate SAM Dry Eye Products Market during 2020–2028
According to a new market research study on “SAM Dry Eye Products Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product and Type” is expected to reach US$ 315.29 million by 2028 from 248.58 US$ million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028. The report provides trends prevailing in the SAM dry eye products market along with the drivers and restraints pertaining to the market growth. Significant developments in stem cell therapy is the major factor driving the growth of the SAM dry eye products market. However, issues associated with side effects caused due to eye drops hinders the growth of SAM dry eye products market.
SAM dry eye products market is segmented into product, type, and country. Based on product the dry eye products market is segmented into artificial tears, antibiotic drops, hormone drops, and others. The artificial tears segment held the largest share of the market in 2021. Based on type the dry eye products market is segmented into prescription drugs and OTC drugs. OTC drugs segment held the largest share of the market in 2021. Based on country, the SAM dry eye products market is segmented into Brazil, Argentina, and rest of SAM. Brazil held the largest market share in 2021.
AbbVie Inc.; Bausch Health Companies Inc; Johnson and Johnson Services, Inc; Novartis AG; OASIS Medical; OCuSOFT Inc; Prestige Consumer Healthcare Inc.; ROHTO Pharmaceutical Co., Ltd; Santen Pharmaceutical Co., Ltd; and URSAPHARM Arzneimittel GmbH are among the leading companies in the SAM dry eye products market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Allergan launched Refresh Digital, a new lubricant eye drop designed to specifically relieve dryness and irritation caused by prolonged screen time.
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