Brazil Ophthalmic Drugs Market Size & Outlook, 2023-2030
Brazil ophthalmic drugs market, 2018-2030 (US$M)
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Brazil ophthalmic drugs market highlights
- The Brazil ophthalmic drugs market generated a revenue of USD 680.7 million in 2023 and is expected to reach USD 1,192.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.3% 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 680.7 million |
| Market revenue in 2030 | USD 1,192.9 million |
| Growth rate | 8.3% (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, Brazil accounted for 1.8% 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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Brazil 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 32.85% in 2023. Horizon Databook has segmented the Brazil 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 research published in SciELO, the prevalence of eye-related diseases was observed majorly in the elderly population and children. The diseases of cornea and conjunctiva (dry eyes, keratitis, and allergic conjunctivitis) were observed during research.
Moreover, according to a research titled "The frequency of blindness and visual impairment in the central-west region of Brazil" published in August 2021, around 3.6% of the Brazilian population (7.2 million) was blind or visually impaired in 2021. It was also reported that the rising number of elderly people in Brazil is the primary reason for the country's increased risk of blindness and visual impairment.
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Target buyers of Brazil ophthalmic drugs market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into Brazil ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
Brazil Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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