Eye Care - Mozambique

Mozambique

Highlights

Revenue in the Eye Care market amounts to US$690.40k in 2024. The market is expected to grow annually by 5.62% (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$0.02 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Mozambique is experiencing significant development and growth.

Customer preferences: Customers in Mozambique are increasingly prioritizing their eye health and seeking out eye care services. This can be attributed to a growing awareness about the importance of regular eye exams and the impact of visual impairments on overall well-being. Additionally, there is a rising demand for eyewear products, including prescription glasses and contact lenses, as people become more fashion-conscious and seek to enhance their personal style.

Trends in the market: One of the key trends in the Eye Care market in Mozambique is the increasing availability and accessibility of eye care services. Optometrists and ophthalmologists are setting up practices in urban areas, providing comprehensive eye exams, diagnosing and treating various eye conditions, and fitting patients with appropriate eyewear. This trend is driven by the growing population and urbanization in Mozambique, as well as the recognition of the importance of eye health by healthcare professionals and policymakers. Another trend in the market is the emergence of online eyewear retailers. These platforms offer a wide range of eyewear products at competitive prices, making it convenient for customers to purchase eyeglasses, sunglasses, and contact lenses from the comfort of their homes. Online retailers also provide virtual try-on tools and home delivery services, further enhancing the customer experience. This trend is in line with the global shift towards e-commerce and digitalization, and it is expected to continue driving the growth of the Eye Care market in Mozambique.

Local special circumstances: Mozambique is a country with a high prevalence of visual impairments, including refractive errors, cataracts, and glaucoma. This is partly due to limited access to quality eye care services, especially in rural areas. However, the government and non-profit organizations are working towards improving eye health in the country through initiatives such as mobile eye clinics and awareness campaigns. These efforts are aimed at reaching underserved populations and reducing the burden of preventable blindness in Mozambique.

Underlying macroeconomic factors: The growing economy in Mozambique, coupled with increased disposable income, is contributing to the development of the Eye Care market. As people have more financial resources, they are willing to invest in their eye health and purchase eyewear products. Furthermore, the expansion of the middle class in Mozambique is driving demand for premium eyewear brands and designer frames. In conclusion, the Eye Care market in Mozambique is experiencing growth and development due to increasing customer preferences for eye health, the availability of eye care services, the emergence of online eyewear retailers, the prevalence of visual impairments, and the underlying macroeconomic factors. This presents opportunities for both local and international players in the Eye Care industry to expand their presence and cater to the evolving needs of customers in Mozambique.

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.