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South America Retinal Drugs Market

ID: MRFR/Pharma/50222-HCR
200 Pages
Rahul Gotadki
October 2025

South America Retinal Drugs Market Research Report By Distribution Channel (Hospital pharmacy, Retail pharmacy, Online Pharmacy), By Indication (Macular degeneration, Diabetic eye disease, Others) and By Regional (Brazil, Mexico, Argentina, Rest of South America) - Forecast to 2035

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South America Retinal Drugs Market Summary

As per MRFR analysis, the South America retinal drugs market size was estimated at 616.55 USD Million in 2024. The South America retinal drugs market is projected to grow from 655.39 USD Million in 2025 to 1207.6 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 6.3% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The South America retinal drugs market is experiencing robust growth driven by increasing demand for innovative treatments.

  • The rising incidence of retinal diseases is propelling the demand for effective therapeutic solutions in South America.
  • Brazil remains the largest market for retinal drugs, while Mexico is emerging as the fastest-growing region in this sector.
  • Advancements in drug delivery systems are enhancing treatment efficacy and patient compliance across the region.
  • Key market drivers include the increasing aging population and rising healthcare expenditure, which are likely to boost market growth.

Market Size & Forecast

2024 Market Size 616.55 (USD Million)
2035 Market Size 1207.6 (USD Million)

Major Players

Regeneron Pharmaceuticals (US), Novartis (CH), Roche (CH), Bayer (DE), Pfizer (US), Santen Pharmaceutical (JP), Horizon Therapeutics (IE), Apellis Pharmaceuticals (US), Eyenovia (US)

South America Retinal Drugs Market Trends

The retinal drugs market is currently experiencing notable growth in South America, driven by an increasing prevalence of retinal diseases such as diabetic retinopathy and age-related macular degeneration. This rise in incidence is prompting healthcare providers to seek innovative treatment options, thereby expanding the market landscape. Furthermore, advancements in drug formulations and delivery systems are enhancing therapeutic outcomes, which appears to be attracting investment from pharmaceutical companies. The regulatory environment in South America is also evolving, with governments focusing on improving access to essential medications, which may further stimulate market expansion. In addition, the growing awareness of eye health among the population is likely to contribute positively to the retinal drugs market. Educational campaigns and initiatives by health organizations are fostering a better understanding of retinal conditions, encouraging individuals to seek timely medical intervention. This shift in patient behavior, combined with the increasing availability of advanced treatment options, suggests a promising outlook for the market in the coming years. As the healthcare infrastructure continues to improve, the retinal drugs market is poised for sustained growth, potentially leading to enhanced patient outcomes and quality of life.

Rising Incidence of Retinal Diseases

The prevalence of retinal diseases in South America is on the rise, largely due to lifestyle changes and an aging population. This trend is prompting healthcare systems to prioritize the development and distribution of effective retinal drugs, thereby expanding treatment options for patients.

Advancements in Drug Delivery Systems

Innovations in drug delivery mechanisms are transforming the retinal drugs market. New technologies, such as sustained-release formulations and targeted therapies, are enhancing the efficacy of treatments, which may lead to better patient compliance and outcomes.

Regulatory Support for Access to Treatments

Governments in South America are increasingly focused on improving access to retinal drugs. Regulatory frameworks are being adapted to facilitate faster approvals and reduce barriers to entry for new therapies, which could significantly impact market dynamics.

South America Retinal Drugs Market Drivers

Increasing Aging Population

The aging population in South America is a crucial driver for the retinal drugs market. As individuals age, the prevalence of age-related retinal diseases, such as age-related macular degeneration (AMD) and diabetic retinopathy, tends to rise. It is estimated that by 2030, the population aged 60 and above in South America will reach approximately 20% of the total population. This demographic shift is likely to increase the demand for effective retinal treatments, thereby propelling the market forward. Furthermore, the growing awareness of eye health among older adults may lead to earlier diagnosis and treatment, which could further stimulate market growth. The retinal drugs market must adapt to these demographic changes by developing targeted therapies that cater to the specific needs of this aging population.

Rising Healthcare Expenditure

In South America, increasing healthcare expenditure is a significant driver for the retinal drugs market. Governments and private sectors are investing more in healthcare infrastructure, which includes the development and distribution of retinal drugs. According to recent data, healthcare spending in South America is expected to reach approximately $500 billion by 2025, reflecting a growth rate of around 5% annually. This increase in funding is likely to enhance access to advanced retinal treatments and improve patient care. Moreover, as healthcare systems evolve, there is a growing emphasis on preventive care and early intervention, which could lead to higher demand for retinal drugs. The retinal drugs market stands to benefit from this trend, as more resources are allocated to combat retinal diseases and improve overall eye health.

Growing Awareness and Education

The growing awareness and education regarding retinal diseases in South America are pivotal drivers for the retinal drugs market. Public health campaigns and educational initiatives are increasingly informing the population about the importance of eye health and the risks associated with untreated retinal conditions. This heightened awareness is likely to lead to earlier diagnosis and treatment, which could significantly impact the market. Furthermore, healthcare professionals are becoming more adept at recognizing and managing retinal diseases, contributing to improved patient outcomes. As awareness continues to rise, the demand for effective retinal drugs is expected to increase, thereby propelling the market forward. The retinal drugs market must capitalize on this trend by ensuring that healthcare providers are equipped with the latest information and treatment options.

Expansion of Distribution Channels

The expansion of distribution channels in South America is an essential driver for the retinal drugs market. As pharmaceutical companies seek to enhance their market presence, they are increasingly focusing on establishing robust distribution networks. This includes partnerships with local distributors, pharmacies, and healthcare facilities to ensure that retinal drugs are readily available to patients. The rise of e-commerce platforms is also transforming the way medications are accessed, making it easier for patients to obtain necessary treatments. With the market projected to grow at a CAGR of approximately 7% over the next five years, the expansion of distribution channels is likely to play a crucial role in meeting the increasing demand for retinal drugs. By improving accessibility, the retinal drugs market can better serve patients and healthcare providers alike.

Technological Innovations in Treatment

Technological advancements in the retinal drugs market are driving significant changes in treatment options available to patients. Innovations such as gene therapy, sustained-release drug delivery systems, and novel pharmacological agents are emerging as potential solutions for retinal diseases. For instance, the introduction of intravitreal injections has revolutionized the treatment landscape, allowing for targeted delivery of drugs directly to the retina. The market for retinal drugs is projected to grow at a CAGR of around 8% from 2025 to 2030, driven by these technological innovations. Additionally, the integration of artificial intelligence in diagnostics and treatment planning is expected to enhance patient outcomes, further boosting the market. As these technologies continue to evolve, they may lead to more effective and personalized treatment options, thereby expanding the retinal drugs market.

Market Segment Insights

By Distribution Channel: Hospital Pharmacy (Largest) vs. Online Pharmacy (Fastest-Growing)

In the South America retinal drugs market, Hospital Pharmacy holds the largest market share, serving as the primary channel for the procurement of retinal drugs due to its extensive patient base and direct connection with eye specialists. Retail Pharmacy follows closely but is overshadowed by the efficiency and reliability offered by hospital settings. Online Pharmacy is gaining traction, especially among tech-savvy consumers who prefer the convenience of home delivery and ongoing accessibility to medications. Growth trends in this segment are heavily influenced by the rising prevalence of retinal disorders and technological advancements in online healthcare services. Factors such as increasing healthcare expenditure and the expansion of telemedicine services are driving the online pharmacy channel, making it the fastest-growing segment. With the ongoing shift toward digital solutions, Online Pharmacy can significantly influence future market dynamics and access to retinal drugs.

Hospital Pharmacy: Dominant vs. Online Pharmacy: Emerging

Hospital Pharmacy is characterized by its strong logistical systems and ability to offer comprehensive care, making it the dominant player in the South America retinal drugs market. It provides patients with immediate access to necessary treatments, ensuring adherence to prescribing protocols. In contrast, Online Pharmacy, although recently emerging, is rapidly transforming the purchasing landscape due to its convenience and increased consumer trust in digital platforms. The growing usage of mobile apps and e-commerce solutions is reshaping patient interaction with pharmacies, creating an accessible alternative for consumers looking for ease and speed. This dual dynamic highlights the distinct attributes of each channel while showing Online Pharmacy’s potential for exponential growth.

By Indication: Macular Degeneration (Largest) vs. Diabetic Eye Disease (Fastest-Growing)

In the retinal drugs market, Macular Degeneration holds the largest market share, driven by the increasing prevalence of age-related eye diseases across the region. This segment's dominance is attributed to the aging population and greater awareness of treatment options, leading to higher diagnosis rates. Meanwhile, Diabetic Eye Disease emerges as the fastest-growing segment, fueled by the rising incidence of diabetes and the need for effective retinal therapies to prevent vision loss in diabetic patients. The growth trends in this market sector are strongly influenced by advancements in drug formulations and increased research funding focused on retinal diseases. The shift towards personalized medicine and the development of innovative therapeutic approaches that cater specifically to different retinal indications are significant factors driving market expansion. Education initiatives and outreach programs also play a vital role in promoting treatment adherence and early diagnosis, further enhancing market dynamics.

Macular Degeneration (Dominant) vs. Diabetic Eye Disease (Emerging)

Macular Degeneration is characterized by its significant prevalence, particularly among elderly populations, making it a dominant force in the market. Treatments for this condition often involve intravitreal injections and have become widely recognized for their effectiveness in slowing disease progression. Conversely, Diabetic Eye Disease is rapidly emerging due to the growing number of diabetic patients and a corresponding need for effective management strategies. The therapeutic landscape for this segment is evolving, with promising drug candidates entering clinical trials and expanding treatment options. Both segments indicate a robust market trend towards innovative solutions that promise better patient outcomes but are inherently different in their target demographics and treatment approaches.

Get more detailed insights about South America Retinal Drugs Market

Regional Insights

Brazil : Strong Demand and Growth Drivers

Brazil holds a commanding market share of 43.5% in the South American retinal drugs market, valued at $250.0 million. Key growth drivers include an aging population, increasing prevalence of retinal diseases, and government initiatives aimed at improving healthcare access. Regulatory policies are becoming more favorable, with streamlined approval processes for new drugs. Additionally, Brazil's robust healthcare infrastructure supports the distribution and consumption of retinal therapies.

Mexico : Increasing Awareness and Accessibility

Mexico accounts for 25.0% of the South American retinal drugs market, valued at $150.0 million. The growth is driven by rising awareness of retinal diseases and improved healthcare access. Demand trends indicate a shift towards innovative therapies, supported by government initiatives to enhance healthcare infrastructure. Regulatory frameworks are evolving, facilitating quicker market entry for new treatments, which is crucial for meeting patient needs.

Argentina : Focus on Innovative Treatments

Argentina represents 16.7% of the South American retinal drugs market, valued at $100.0 million. The market is driven by increasing investments in healthcare and a growing focus on innovative retinal therapies. Demand is influenced by a rising incidence of age-related macular degeneration and diabetic retinopathy. Regulatory policies are becoming more supportive, encouraging local production and distribution of retinal drugs, which enhances market accessibility.

Rest of South America : Varied Demand Across Regions

The Rest of South America holds a market share of 15.5%, valued at $116.55 million. This sub-region features diverse markets with varying demand for retinal drugs, influenced by local healthcare policies and economic conditions. Key growth drivers include increasing healthcare investments and awareness of retinal diseases. Regulatory environments differ significantly, impacting the speed of drug approvals and market entry for major players.

South America Retinal Drugs Market Regional Image

Key Players and Competitive Insights

The retinal drugs market in South America is characterized by a dynamic competitive landscape, driven by increasing prevalence of retinal diseases and a growing demand for innovative therapies. Key players such as Regeneron Pharmaceuticals (US), Novartis (CH), and Bayer (DE) are strategically positioned to leverage their extensive research capabilities and established market presence. Regeneron Pharmaceuticals (US) focuses on innovation, particularly with its flagship product EYLEA, which has seen expanded indications in recent years. Novartis (CH) emphasizes partnerships and collaborations to enhance its product pipeline, while Bayer (DE) is investing in digital transformation to optimize its operations and improve patient access to therapies. Collectively, these strategies contribute to a competitive environment that is increasingly focused on innovation and patient-centric solutions.

In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance efficiency and reduce costs. The market structure appears moderately fragmented, with several players vying for market share. However, the influence of major companies is significant, as they set the pace for innovation and market trends. Their collective actions shape the competitive dynamics, pushing smaller players to adapt or innovate to remain relevant.

In October 2025, Novartis (CH) announced a strategic partnership with a local biotech firm to co-develop a novel retinal drug aimed at diabetic macular edema. This collaboration is expected to accelerate the development process and enhance market access in South America, where the incidence of diabetes-related retinal conditions is rising. Such partnerships are crucial for leveraging local expertise and navigating regulatory landscapes effectively.

In September 2025, Bayer (DE) launched a new digital platform designed to facilitate remote monitoring of patients undergoing treatment for retinal diseases. This initiative not only enhances patient engagement but also aligns with the growing trend of digital health solutions. By integrating technology into patient care, Bayer positions itself as a leader in the digital transformation of healthcare, potentially improving treatment outcomes and patient satisfaction.

In August 2025, Regeneron Pharmaceuticals (US) expanded its clinical trial program for EYLEA in South America, focusing on new indications and patient populations. This move underscores the company's commitment to addressing unmet medical needs in the region and reinforces its competitive edge through continuous innovation. By broadening its clinical research efforts, Regeneron aims to solidify its market leadership and respond to the evolving landscape of retinal therapies.

As of November 2025, current competitive trends in the retinal drugs market include a strong emphasis on digitalization, sustainability, and the integration of artificial intelligence (AI) in drug development and patient management. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift may redefine how companies approach market entry and product development, emphasizing the importance of agility and responsiveness to changing market demands.

Key Companies in the South America Retinal Drugs Market market include

Industry Developments

The South America Retinal Drugs Market has seen significant developments recently, with companies such as Vistagen Therapeutics, Apellis Pharmaceuticals, and Oxurion making strides in drug innovation and improving treatments for retinal diseases. For instance, in June 2023, Regeneron Pharmaceuticals received regulatory approval for its new therapy targeting retinal conditions, reflecting the growing focus on advanced solutions in this sector. Additionally, Novartis has launched initiatives to enhance treatment accessibility in Brazil, which has a high prevalence of retinal disorders.

In terms of mergers and acquisitions, in August 2023, Bausch Health finalized a strategic acquisition aimed at expanding its portfolio in the retinal drugs arena, strengthening its market presence in South America. 

Furthermore, the market valuation of companies like Santen Pharmaceutical and Horizon Therapeutics has seen positive growth due to increased investments in Research and Development, indicating a robust interest in addressing the health needs of the South American population, especially in countries like Argentina and Brazil, where eye health issues are prominent. The regulatory framework in South America continues to evolve to support the introduction of innovative Retinal Drugs, creating a conducive environment for market expansion.

 

Future Outlook

South America Retinal Drugs Market Future Outlook

The retinal drugs market is projected to grow at a 6.3% CAGR from 2024 to 2035, driven by increasing prevalence of retinal diseases and advancements in drug development.

New opportunities lie in:

  • Development of personalized medicine for retinal disorders
  • Expansion of telemedicine platforms for remote consultations
  • Investment in AI-driven drug discovery technologies

By 2035, the retinal drugs market is expected to achieve substantial growth and innovation.

Market Segmentation

South America Retinal Drugs Market Indication Outlook

  • Macular Degeneration
  • Diabetic Eye Disease
  • Others

South America Retinal Drugs Market Distribution Channel Outlook

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

Report Scope

MARKET SIZE 2024616.55(USD Million)
MARKET SIZE 2025655.39(USD Million)
MARKET SIZE 20351207.6(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)6.3% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Regeneron Pharmaceuticals (US)", "Novartis (CH)", "Roche (CH)", "Bayer (DE)", "Pfizer (US)", "Santen Pharmaceutical (JP)", "Horizon Therapeutics (IE)", "Apellis Pharmaceuticals (US)", "Eyenovia (US)"]
Segments CoveredDistribution Channel, Indication
Key Market OpportunitiesEmerging gene therapies and personalized medicine are reshaping the retinal drugs market landscape.
Key Market DynamicsRising demand for innovative retinal therapies drives competition and regulatory adaptations in South America's retinal drugs market.
Countries CoveredBrazil, Mexico, Argentina, Rest of South America

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FAQs

What is the expected market size of the South America Retinal Drugs Market by 2024?

The South America Retinal Drugs Market is expected to be valued at 620.0 million USD in 2024.

What is the projected market size for the South America Retinal Drugs Market by 2035?

By 2035, the South America Retinal Drugs Market is projected to reach a value of 1210.0 million USD.

What is the expected compound annual growth rate (CAGR) for the South America Retinal Drugs Market from 2025 to 2035?

The expected CAGR for the South America Retinal Drugs Market from 2025 to 2035 is 6.267 percent.

Which distribution channel is expected to dominate the South America Retinal Drugs Market by 2035?

By 2035, the Hospital pharmacy distribution channel is expected to reach 440.0 million USD.

What are the 2024 market values for Retinal Drugs in Brazil, Mexico, and Argentina?

In 2024, Brazil is valued at 165.0 million USD, Mexico at 140.0 million USD, and Argentina at 95.0 million USD.

Who are the major players in the South America Retinal Drugs Market?

Major players in the market include Vistagen Therapeutics, Apellis Pharmaceuticals, and Regeneron Pharmaceuticals among others.

What is the market value for the Online Pharmacy channel in 2024?

The Online Pharmacy channel is valued at 150.0 million USD in 2024.

How much is the Rest of South America segment valued in 2035?

The Rest of South America segment is valued at 410.0 million USD by 2035.

What growth rates can be expected for the Retail pharmacy segment from 2025 to 2035?

The Retail pharmacy segment is expected to grow to 500.0 million USD by 2035, reflecting a consistent growth trend.

What is the estimated market size for the Hospital pharmacy segment in 2024?

The Hospital pharmacy segment is estimated to be valued at 220.0 million USD in 2024.

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