Eye Care - Mauritius

Mauritius

Highlights

Revenue in the Eye Care market amounts to US$508.90k 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$0.39 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Mauritius has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Mauritius are increasingly prioritizing their eye health and are seeking out products and services that can help them maintain good vision. This is driven by a growing awareness of the importance of regular eye examinations and the impact that eye conditions can have on overall health and well-being. As a result, there is a rising demand for eyeglasses, contact lenses, and other vision correction solutions in the market.

Trends in the market: One of the key trends in the Eye Care market in Mauritius is the increasing popularity of online shopping for eyewear. Customers are now able to browse and purchase a wide range of eyeglasses and contact lenses from the comfort of their own homes, which has led to a rise in online retailers specializing in eye care products. This trend is driven by the convenience and accessibility of online shopping, as well as the ability to compare prices and read customer reviews before making a purchase. Another trend in the market is the growing demand for specialized eye care services. Customers are seeking out clinics and optometrists that offer a comprehensive range of services, including advanced diagnostic tests and treatments for various eye conditions. This trend is driven by an increasing awareness of the importance of early detection and treatment of eye diseases, as well as a desire for personalized and specialized care.

Local special circumstances: Mauritius is a popular tourist destination, and this has had a significant impact on the Eye Care market. Many tourists visit the country for its natural beauty and outdoor activities, which can put strain on their eyes. As a result, there is a demand for eye care products and services that cater to the needs of tourists, such as sunglasses and eye drops for dry eyes. Additionally, the presence of tourists has also led to an increase in the number of optometrists and eye care clinics in popular tourist areas.

Underlying macroeconomic factors: The Eye Care market in Mauritius is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and a higher standard of living. This has allowed customers to allocate more funds towards eye care products and services. Additionally, the government of Mauritius has implemented policies to promote healthcare and wellness, including eye care. These policies have led to increased accessibility and affordability of eye care services for the general population. In conclusion, the Eye Care market in Mauritius is developing due to customer preferences for maintaining good eye health, the popularity of online shopping for eyewear, the demand for specialized eye care services, the impact of tourism on the market, and underlying macroeconomic factors such as economic growth and government policies.

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.