Eye Care - Finland

Finland

Highlights

Revenue in the Eye Care market amounts to US$14.57m in 2024. The market is expected to grow annually by 2.14% (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$2.63 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Finland is experiencing significant growth and development, driven by several factors such as changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Eye Care market in Finland are shifting 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 products and services that can help them maintain good vision. This shift in preferences is driven by a growing aging population and increasing awareness of the impact of digital devices on eye health. Additionally, there is a rising demand for innovative and technologically advanced eye care products, such as contact lenses and eyeglasses with blue light filters.

Trends in the Eye Care market in Finland reflect global trends, but with some unique characteristics specific to the country. One of the key trends is the increasing adoption of online retail channels for purchasing eye care products. Finnish consumers are increasingly comfortable with online shopping and are attracted to the convenience and wide product selection offered by online retailers.

This trend is further fueled by the COVID-19 pandemic, which has accelerated the shift towards e-commerce across various industries. Another trend in the Eye Care market in Finland is the growing popularity of natural and organic eye care products. Finnish consumers are becoming more conscious of the ingredients used in eye care products and are seeking products that are free from harmful chemicals and additives.

This trend is in line with the overall consumer preference for natural and sustainable products in Finland. Local special circumstances in Finland also contribute to the development of the Eye Care market. Finland has a well-established healthcare system that provides accessible and high-quality eye care services to its population.

This, combined with a high level of healthcare awareness and education, creates a favorable environment for the growth of the Eye Care market. Additionally, Finland has a high per capita income and a strong social welfare system, which allows consumers to afford and prioritize their eye health. Underlying macroeconomic factors, such as a stable economy and a favorable business environment, also contribute to the growth of the Eye Care market in Finland.

The country has a strong healthcare infrastructure and a supportive regulatory framework that encourages innovation and investment in the eye care sector. Furthermore, Finland's membership in the European Union provides access to a larger market and facilitates trade and collaboration with other EU member states. In conclusion, the Eye Care market in Finland is witnessing significant growth and development driven by changing customer preferences, emerging trends, and local special circumstances.

The shift towards preventive care and the adoption of online retail channels are key trends in the market. Finland's well-established healthcare system, high healthcare awareness, and favorable macroeconomic factors further contribute 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.