The South & Central America myopia treatment market was valued at US$ 458.52 million in 2022 and is expected to reach US$ 676.01 million by 2030; it is estimated to register a CAGR of 5.0% from 2022 to 2030.

Rising Availability of Advanced Technologies for Treating the Targeted Myopia Fuels South & Central America Myopia Treatment Market

The rising availability of advanced technologies for treating targeted myopia is a significant opportunity for the myopia treatment market. Advances in technologies such as laser-assisted in-situ keratomileusis (LASIK), photorefractive keratectomy (PRK), and implantable collamer lenses (ICL) have made it possible to correct myopia more effectively and with fewer complications. Various ground-breaking data were also presented during the congress; over 30 abstracts backed by Johnson & Johnson Vision have been approved for presentation. Surgeons can apply the innovative SILK (i.e., Smooth Incision Lenticule Keratomileusis) treatment to treat myopic patients who have astigmatism or do not utilize the ELITATM Platform. The ELITATM Platform offers surgeons an exceptionally smooth and uncomplicated lenticular removal procedure with next-day outcomes and recovery owing to its fast laser delivery technology and ultra-precise laser pulse. These advanced technologies have traditionally been expensive and inaccessible to many patients. Still, as they become more widely available, they present an opportunity for the myopia treatment market to expand its reach and provide better treatment options to a larger patient population. In addition to these advanced technologies, other emerging treatments such as orthokeratology (ortho-k) and atropine eye drops are gaining popularity as effective methods for managing myopia. The popular orthokeratology contact lens is the latest CooperVision myopia control product to gain the CE Mark, joining EyeDream and Paragon CRT ortho-k designs, MiSight day soft contact lenses, and SightGlass Vision Diffusion Optics Technology spectacle lenses. These non-invasive treatments can be more affordable than surgical options, making them accessible to a wider range of patients. Overall, the rising availability of advanced technologies for treating targeted myopia presents a significant opportunity for the myopia treatment market. By providing patients with more effective and accessible treatment options, the market can help improve vision health outcomes and address a significant unmet need in the global healthcare landscape.

South & Central America Myopia Treatment Market Overview

South & Central America includes Argentina, Brazil, and the Rest of South & Central America. The myopia treatment market in the region is expected to have several growth opportunities. The rise in the development of the medical industry in Brazil is likely to create significant growth opportunities for market growth. Similarly, Argentina's growing medical device industry is also expected to offer growth opportunities for the myopia treatment market.

The myopia treatment market in Brazil has witnessed significant growth due to the escalating prevalence of myopia across the country. The spread of myopia in Brazil can be attributed to various factors. Urbanization and changing lifestyles have led to increased near-work activities, such as prolonged hours spent on digital devices and reading, contributing to the development and progression of myopia. Additionally, limited outdoor activities and reduced exposure to natural light among children and adults have been linked to a higher incidence of myopia.

South & Central America Myopia Treatment Market Revenue and Forecast to 2030 (US$ Million)

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South & Central America Myopia Treatment Strategic Insights

Strategic insights for the South & Central America Myopia Treatment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South & Central America Myopia Treatment Report Scope

Report Attribute	Details
Market size in 2022	US$ 458.52 Million
Market Size by 2030	US$ 676.01 Million
Global CAGR (2022 - 2030)	5.0%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Type High Myopia Degenerative Myopia Progressive Myopia By Treatment Low-Dose Atropine Eye Drops Contact Lenses Ortho-K Refractive Surgery By End User Hospitals and Clinics Specialty Clinics Refractive Surgery Centers
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	Bausch Health Companies Inc Alcon AG CooperVision Inc Johnson & Johnson Vision Care Inc Nidek Co Ltd Carl Zeiss AG

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South & Central America Myopia Treatment Regional Insights

The geographic scope of the South & Central America Myopia Treatment refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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South & Central America Myopia Treatment Market Segmentation

The South & Central America myopia treatment market is categorized into type, treatment, age group, end user, and country.

Based on type, the South & Central America myopia treatment market is segmented into high myopia, degenerative myopia, and progressive myopia. The high myopia segment held the largest South & Central America myopia treatment market share in 2022.

In terms of treatment, the South & Central America myopia treatment market is segmented into low-dose atropine eye drops, contact lenses, ortho-k, and refractive surgery. The low-dose atropine eye drops segment held the largest South & Central America myopia treatment market share in 2022. Furthermore, the refractive surgery segment is subcategorized into LASIK and PRK.

By age group, the South & Central America myopia treatment market is bifurcated into adult myopia and childhood myopia. The adult myopia segment held a larger South & Central America myopia treatment market share in 2022.

Based on end user, the South & Central America myopia treatment market is categorized into hospitals and clinics, specialty clinics, and refractive surgery centers. The hospitals and clinics segment held the largest South & Central America myopia treatment market share in 2022.

Based on country, the South & Central America myopia treatment market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America myopia treatment market share in 2022.

Bausch Health Companies Inc, Alcon AG, CooperVision Inc, Johnson & Johnson Vision Care Inc, Nidek Co Ltd, and Carl Zeiss AG are some of the leading companies operating in the South & Central America myopia treatment market.

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