Market Insights Consumer OTC Pharmaceuticals

Eye Care - Cambodia

Cambodia

Revenue in the Eye Care market amounts to US$6.73m in 2024. The market is expected to grow annually by 3.93% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$1,256m in 2024).
In relation to total population figures, per person revenues of US$0.39 are generated in 2024.

Key regions: Thailand, Philippines, Indonesia, Canada, United Kingdom

Market

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Analyst Opinion

The Eye Care market in Cambodia is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care market in Cambodia have been shifting towards a greater focus on preventive care and overall eye health.

With increasing awareness about the importance of regular eye examinations and early detection of eye diseases, consumers are seeking out products and services that cater to these needs. This has led to a rise in demand for high-quality eyewear, contact lenses, and eye care services. Trends in the market indicate a growing demand for specialized eye care products and services in Cambodia.

The market is witnessing an increase in the number of optometrists and ophthalmologists, as well as the availability of advanced diagnostic and treatment technologies. This has resulted in improved access to eye care services for the population, leading to higher demand for eyewear, contact lenses, and other related products. Local special circumstances in Cambodia, such as a rapidly growing middle class and increasing urbanization, have contributed to the development of the Eye Care market.

As disposable incomes rise and urban lifestyles become more prevalent, people are willing to spend more on their eye health. This has created a favorable environment for the growth of the Eye Care market, with both local and international brands expanding their presence in the country. Underlying macroeconomic factors, such as Cambodia's steady economic growth and favorable investment climate, have also played a role in the development of the Eye Care market.

The country's strong economic performance has led to an increase in consumer purchasing power, enabling more people to afford eye care products and services. Additionally, the government's efforts to attract foreign investment and promote business development have attracted international eye care companies to enter the Cambodian market, further driving the growth of the industry. In conclusion, the Eye Care market in Cambodia is experiencing growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

With a greater emphasis on preventive care and overall eye health, the market is witnessing a rise in demand for high-quality eyewear, contact lenses, and eye care services. The presence of specialized eye care professionals, advanced technologies, and favorable macroeconomic conditions have further fueled the growth of the market in Cambodia.

Methodology

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.