Authored By: Sarah
06 Mar 2025

Low-Concentration Atropine Market 2024-2028, Poised for Growth Amid Rising Awareness of Vision Care

The Global Low-Concentration Atropine Market is projected to grow by USD 1,039.97 million at a CAGR of 18.81% from 2023 to 2028. Increasing awareness regarding vision care, technological advancements, and growing healthcare expenditure are driving market expansion.

Global Low-Concentration Atropine Market 2024-2028

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Market Segmentation

By Type:

  • Atropine sulfate 0.01 percentage
  • Atropine sulfate 0.025 percentage
  • Atropine sulfate 0.05 percentage

By Application:

  • Child
  • Adult

By Geography:

  • North America

    • U.S.
    • Canada
  • Europe

    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia

    • China
    • India
  • Rest of the World (ROW)

    • Australia
    • Argentina
    • Brazil

Market Drivers

  • Growing demand for vision correction among the aging population.
    • The aging population is a major driver, as visual impairment risks increase with age.
    • Increased screen time and digital exposure further contribute to myopia prevalence.
  • Advancements in technology and lifestyle changes.
    • Rising awareness about vision disorders due to increased access to healthcare.

Market Trends

  • Growing focus on funding for myopia research studies.
    • In August 2021, Sydnexis secured USD 45 million in Series B financing to support its SYD-101 candidate for treating progressive myopia in children.
    • In December 2022, SUNY College of Optometry received a USD 2.34 million grant from the National Eye Institute (NEI) to study eye growth and myopia development.

Market Challenges

  • Side effects and uncertainty in the efficacy of low-concentration atropine.
    • Potential side effects include mydriasis, photophobia, blurred near vision, and allergic responses.
    • Long-term use may lead to dilated pupils, dry eyes, headaches, and urinary retention.
    • Low efficacy of 0.01% atropine concentration limits its widespread adoption.

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Key Market Players

  • AdvaCare Pharma
  • Aurolab
  • Bausch Lomb Corp.
  • ENTOD INTERNATIONAL
  • Eyenovia Inc.
  • Gmt Pharma
  • Grevis Pharmaceuticals Pvt. Ltd.
  • ISKON REMEDIES and GMT
  • Jawa Pharmaceuticals India Pvt. Ltd.
  • Medizia Biotech
  • OSRX Inc.
  • Raymed Pharmaceutical Ltd.
  • Santen Pharmaceutical Co. Ltd.
  • Sydnexis Inc.
  • Tache Pharmacy
  • Taiwan Biotech Co. Ltd
  • Vyluma
  • Aspire Pharma Ltd

 

 

 

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