Sensory Organ Drugs - LATAM

LATAM

Revenue in the Sensory Organ Drugs market is projected to reach €0.99bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.42%, resulting in a market volume of €1.27bn by 2028.
In global comparison, most revenue will be generated in the United States (€12,970.00m in 2024).

Key regions: Australia, France, Brazil, Italy, India

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Región

Comparación de regiones

Moneda

Analyst Opinion

In the market Sensory Organ Drugs, ophthalmologicals have a much larger share than otologicals. The solid growth of the market was hampered by the COVID-19 pandemic, and in the coming years, it is expected to be somewhat weakened by expiring patents, e.g., in the case of Eylea in 2026. Nevertheless, mid-term growth is predicted to stay fairly high and stable. The main market drivers are an aging population combined with a growing awareness of diseases of the eye and ear and increasing advancements in technology.

A substantial fraction of the market comprises only a few different drugs to treat severe eye conditions. The remaining share is made up of less expensive yet more commonly used drugs, which are often OTC products. The strong negative impact of the COVID-19 pandemic can be mainly explained by high barriers to in-clinic injections. In addition, as OTC products are generally used for non-emergency treatment, their use declined in 2020.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.