Eye Care - Kazakhstan

Kazakhstan

Highlights

Revenue in the Eye Care market amounts to US$8.19m in 2024. The market is expected to grow annually by 3.08% (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$0.41 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Kazakhstan is experiencing significant growth and development, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Eye Care market in Kazakhstan have shifted towards a greater emphasis on preventive care and a growing awareness of the importance of eye health.

Customers are increasingly seeking out products and services that can help them maintain good vision and prevent eye-related problems. This has led to an increased demand for eyeglasses, contact lenses, and other vision correction solutions. Additionally, there is a growing interest in natural and organic eye care products, as customers become more conscious of the potential risks associated with chemicals and synthetic ingredients.

Trends in the Eye Care market in Kazakhstan include the adoption of advanced technologies and the rise of online shopping. The availability of innovative eye care solutions, such as laser eye surgery and advanced diagnostic tools, has attracted customers who are looking for more effective and convenient ways to address their vision needs. Furthermore, the growing popularity of online shopping platforms has made it easier for customers to access a wide range of eye care products and services, providing them with greater convenience and choice.

Local special circumstances in Kazakhstan, such as the high prevalence of myopia and the aging population, have also contributed to the growth of the Eye Care market. Myopia, or nearsightedness, is a common vision problem in the country, affecting a significant portion of the population. This has created a strong demand for corrective eyewear, such as glasses and contact lenses, driving the growth of the market.

Additionally, the aging population in Kazakhstan has led to an increased need for eye care services, as older individuals are more prone to age-related vision problems, such as cataracts and macular degeneration. Underlying macroeconomic factors, such as increasing disposable income and healthcare expenditure, have further supported the development of the Eye Care market in Kazakhstan. As the country's economy continues to grow, more individuals have the financial means to invest in eye care products and services.

Moreover, the government's focus on improving healthcare infrastructure and access to quality healthcare has also contributed to the growth of the market, as it has made eye care services more accessible to a larger portion of the population. In conclusion, the Eye Care market in Kazakhstan is witnessing significant growth and development, driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As customer awareness of the importance of eye health continues to increase, and as technological advancements and online shopping platforms become more prevalent, the market is expected to continue its growth trajectory in the coming years.

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.