Eye Care - Moldova

Moldova

Highlights

Revenue in the Eye Care market amounts to US$2.44m in 2024. The market is expected to grow annually by 3.85% (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$0.73 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Moldova has been experiencing steady growth in recent years, driven by several factors including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care market in Moldova have been 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 products and services that can help maintain good vision and prevent eye-related problems. This trend is in line with global market preferences, as people are becoming increasingly conscious of the impact of digital devices and aging on their eyesight. In terms of trends in the market, there has been a rise in the demand for eyeglasses and contact lenses in Moldova.

This can be attributed to factors such as an aging population, increased screen time, and changing fashion trends. The availability of a wide range of eyewear options, including designer brands, has also contributed to the growing popularity of eyeglasses and contact lenses. Local special circumstances in Moldova have also played a role in the development of the Eye Care market.

The country has a high prevalence of myopia, or nearsightedness, among its population. This has created a significant market for corrective eyewear, such as prescription glasses and contact lenses. Additionally, the government has implemented initiatives to improve access to eye care services, including the establishment of vision centers in rural areas.

These efforts have helped to increase awareness about the importance of eye health and have contributed to the growth of the Eye Care market. Underlying macroeconomic factors have also influenced the development of the Eye Care market in Moldova. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income among consumers.

This has allowed more people to afford eye care products and services, leading to higher demand in the market. Furthermore, the government has implemented policies to support the development of the healthcare sector, including eye care services. This has created a favorable business environment for companies operating in the Eye Care market.

In conclusion, the Eye Care market in Moldova is developing in response to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards preventive care, the rise in demand for eyeglasses and contact lenses, the high prevalence of myopia, and the favorable economic and policy environment have all contributed to the growth of the market. As these factors continue to drive demand, the Eye Care market in Moldova is expected to further expand 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.