Argentina Ophthalmic Drugs Market Size & Outlook
Argentina ophthalmic drugs market, 2018-2030 (US$M)
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Argentina ophthalmic drugs market highlights
- The Argentina ophthalmic drugs market generated a revenue of USD 183.4 million in 2023 and is expected to reach USD 339.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, anti-vegf agents was the largest revenue generating drug class in 2023.
- Anti-VEGF agents is the most lucrative drug class segment registering the fastest growth during the forecast period.
Ophthalmic drugs market data book summary
| Market revenue in 2023 | USD 183.4 million |
| Market revenue in 2030 | USD 339.1 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Anti-vegf agents |
| Fastest growing segment | Anti-VEGF agents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Allergy, Anti-VEGF agents, Anti-inflammatory, Anti-glaucoma |
| Key market players worldwide | Pfizer Inc, Alcon Inc, Novartis AG ADR, Bausch Health Companies Inc, Merck & Co Inc, Regeneron Pharmaceuticals Inc, AbbVie Inc, Bayer AG, Genentech, Nicox SA Share from reverse split, Coherus BioSciences Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.5% of the global ophthalmic drugs market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ophthalmic drugs market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 700.8 million by 2030.
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Ophthalmic Drugs Market Scope
Ophthalmic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina ophthalmic drugs 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 ophthalmic drugs market will help companies and investors design strategic landscapes.
Anti-vegf agents was the largest segment with a revenue share of 32.82% in 2023. Horizon Databook has segmented the Argentina ophthalmic drugs market based on anti-allergy, anti-vegf agents, anti-inflammatory, anti-glaucoma covering the revenue growth of each sub-segment from 2018 to 2030.
According to World Bank statistics from 2018, Argentina's current health spending, including health services, accounts for 9.62% of the country's annual GDP. Argentina lacks proper healthcare coverage; over 36% of its population does not have any formal healthcare coverage and is dependent on the public healthcare system.
An increase in the number of government initiatives, coupled with the rising incidence of retinal disease, is expected to drive the market over the forecast period. Moreover, environmental factors are contributing to the increasing retinal disease cases in the country.
The PAMI provides free healthcare to people aged 65 and older as well as resources such as support networks and immunization. According to World Bank data from 2018, the average life expectancy in the country is 76.52 years, which has been gradually growing since the establishment of PAMI.
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Our clientele includes a mix of ophthalmic drugs market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into Argentina ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Argentina ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
Argentina Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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