Eye Care - Bahrain

Bahrain

Highlights

Revenue in the Eye Care market amounts to US$414.20k in 2024. The market is expected to grow annually by 2.89% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$1bn in 2024).
In relation to total population figures, per person revenues of US$0.28 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Bahrain has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care market have shifted towards a greater emphasis on preventive care and overall eye health.

Consumers are becoming more aware of the importance of regular eye examinations and are seeking out products and services that promote eye health and vision correction. This shift in preferences has led to an increased demand for eyeglasses, contact lenses, and other vision correction solutions. Trends in the market include the rising popularity of online shopping for eyewear and the increasing adoption of advanced technologies in eye care.

Online retailers offer a wide range of eyeglasses and contact lenses at competitive prices, making it convenient for consumers to purchase these products from the comfort of their own homes. Additionally, advancements in technology have led to the development of innovative solutions such as smart contact lenses and digital eye exams, which are gaining traction in the market. Local special circumstances in Bahrain also play a role in the development of the Eye Care market.

The country has a high prevalence of myopia, or nearsightedness, among its population. This has created a strong demand for vision correction solutions, driving the growth of the market. Additionally, Bahrain has a large expatriate population, many of whom require regular eye examinations and vision correction services.

This has further contributed to the expansion of the Eye Care market in the country. Underlying macroeconomic factors, such as population growth, increasing disposable income, and government initiatives to promote healthcare, have also contributed to the development of the Eye Care market in Bahrain. The country's population has been steadily growing, leading to a larger customer base for eye care products and services.

Rising disposable income levels have allowed consumers to allocate a greater portion of their budget towards eye care, driving market growth. Furthermore, the government has implemented various initiatives to improve access to healthcare services, including eye care, which has further stimulated demand in the market. In conclusion, the Eye Care market in Bahrain is experiencing significant growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

The shift towards preventive care, the rise of online shopping and advanced technologies, the high prevalence of myopia, population growth, increasing disposable income, and government initiatives have all contributed to the expansion of the market.

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. 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.

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. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.