Eye Care - Benelux

Benelux

Highlights

Revenue in the Eye Care market amounts to US$63.41m in 2024. The market is expected to grow annually by 1.94% (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$2.11 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Benelux is experiencing steady growth due to changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Eye Care market in Benelux have shifted towards a greater emphasis on preventive eye care and a demand for high-quality products.

Customers are becoming more aware of the importance of maintaining good eye health and are seeking out products that can help them achieve this goal. As a result, there is a growing demand for products such as contact lenses, eye drops, and eye vitamins. Trends in the market are also contributing to the growth of the Eye Care market in Benelux.

One major trend is the increasing popularity of blue light blocking glasses. With the rise in the use of digital devices such as smartphones, tablets, and computers, customers are becoming more concerned about the potential harmful effects of blue light on their eyes. Blue light blocking glasses offer a solution by reducing the amount of blue light that reaches the eyes, thereby reducing eye strain and fatigue.

Another trend in the market is the growing interest in natural and organic eye care products. Customers are becoming more conscious of the ingredients used in their eye care products and are seeking out products that are free from harsh chemicals and preservatives. This trend is driving the demand for natural and organic eye drops, eye creams, and other eye care products.

Local special circumstances in Benelux are also contributing to the growth of the Eye Care market. The region has a high prevalence of myopia, or nearsightedness, which has led to an increased demand for corrective eyewear such as glasses and contact lenses. Additionally, the aging population in Benelux is driving the demand for products that address age-related eye conditions such as cataracts and macular degeneration.

Underlying macroeconomic factors such as a strong economy and increasing disposable income are also supporting the growth of the Eye Care market in Benelux. As consumers have more money to spend, they are willing to invest in their eye health and purchase higher-end eye care products. In conclusion, the Eye Care market in Benelux is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

As customers become more aware of the importance of maintaining good eye health, the demand for preventive eye care products is increasing. Trends such as the popularity of blue light blocking glasses and the interest in natural and organic eye care products are also driving market growth. Local special circumstances, such as a high prevalence of myopia and an aging population, further contribute to the growth of the market.

Finally, a strong economy and increasing disposable income support the overall growth of the Eye Care market in Benelux.

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.