Eye Care - Central Asia

Central Asia

Highlights

Revenue in the Eye Care market amounts to US$27.74m in 2024. The market is expected to grow annually by 5.50% (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$0.35 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Central Asia is witnessing significant growth and development, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care market in Central Asia are shifting towards a greater emphasis on preventive care and overall eye health.

Customers are becoming more aware of the importance of regular eye check-ups and are seeking out products and services that can help them maintain good eye health. This shift in preferences is driving the demand for a wide range of eye care products, including glasses, contact lenses, and eye drops. Trends in the market are also contributing to the growth of the Eye Care market in Central Asia.

One major trend is the increasing popularity of online shopping for eye care products. Customers are increasingly turning to online platforms to purchase eyewear and other eye care products, as it offers convenience and a wider range of options. This trend is particularly prevalent among younger customers who are more tech-savvy and comfortable with online shopping.

Another trend in the market is the growing demand for innovative and technologically advanced eye care products. Customers are looking for products that offer improved comfort, durability, and vision correction. This has led to the development of new technologies in the eye care industry, such as advanced lens materials and coatings, as well as smart glasses that can monitor and track eye health.

Local special circumstances also play a role in the development of the Eye Care market in Central Asia. The region has a growing middle class with increasing disposable income, which has led to higher spending on healthcare and personal care products. Additionally, the prevalence of eye-related conditions and diseases, such as myopia and cataracts, is relatively high in Central Asia.

This creates a large customer base for eye care products and services. Underlying macroeconomic factors, such as economic growth and urbanization, are also driving the development of the Eye Care market in Central Asia. As economies in the region continue to grow, more people are able to afford eye care products and services.

Urbanization is also contributing to the growth of the market, as urban areas tend to have higher levels of awareness and access to eye care facilities. In conclusion, the Eye Care market in Central Asia is experiencing growth and development due to shifting customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The increasing emphasis on preventive care and overall eye health, the popularity of online shopping, the demand for innovative products, the growing middle class, and the prevalence of eye-related conditions are all contributing to the growth 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.