Latin America Myopia And Presbyopia Treatment Market Size & Outlook
Latin America myopia and presbyopia treatment market, 2018-2030 (US$M)
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Latin America myopia and presbyopia treatment market highlights
- The Latin America myopia and presbyopia treatment market generated a revenue of USD 3,340.7 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, myopia was the largest revenue generating type in 2023.
- Presbyopia is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,340.7 million |
| Market revenue in 2030 | USD 5,626.1 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Myopia |
| Fastest growing segment | Presbyopia |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Myopia, Presbyopia |
| Key market players worldwide | Johnson & Johnson, Essilorluxottica, ZEISS Group, Alcon Inc, Bausch & Lomb Corp, Topcon Corp, Ziemer Ophthalmic Systems, Nidek, Haag-Streit |
Other key industry trends
- In terms of revenue, Latin America region accounted for 17.9% of the global myopia and presbyopia treatment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,501.8 million by 2030.
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Myopia And Presbyopia Treatment Market Scope
Myopia And Presbyopia Treatment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America myopia and presbyopia treatment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to myopia and presbyopia treatment market will help companies and investors design strategic landscapes.
Myopia was the largest segment with a revenue share of 57.41% in 2023. Horizon Databook has segmented the Latin America myopia and presbyopia treatment market based on myopia, presbyopia covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American myopia and presbyopia treatment market is experiencing significant growth, which is largely due to large patient pool and increasing coverage of spectacles for refractive errors, such as presbyopia.
For instance, as per International Agency for the Prevention of Blindness (IAPB), in 2017, over half of the Latin American countries had higher adoption for spectacle among women with distance vision disorders.
The coverage for spectacles to correct presbyopia in women is high in Latin America. Apart from the coverage, the GDP and healthcare expenditure in this region are also important factors contributing toward growth of the market.
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Target buyers of Latin America myopia and presbyopia treatment market databook
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Our clientele includes a mix of myopia and presbyopia treatment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America myopia and presbyopia treatment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America myopia and presbyopia treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America myopia and presbyopia treatment market size, by country, 2018-2030 (US$M)
Latin America Myopia And Presbyopia Treatment Market Outlook Share, 2023 & 2030 (US$M)
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