Eye Care - Northern Africa

Northern Africa

Highlights

Revenue in the Eye Care market amounts to US$59.40m in 2024. The market is expected to grow annually by 5.65% (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$0.23 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Northern Africa is experiencing significant growth and development, driven by various factors such as changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care market 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 promote eye health and prevent vision problems. This shift in customer preferences is driving the demand for a wide range of eye care products, including contact lenses, eyeglasses, and eye drops. Trends in the market include the increasing popularity of online shopping for eye care products.

Consumers are increasingly turning to e-commerce platforms to purchase contact lenses, eyeglasses, and other eye care products. This trend is driven by the convenience and accessibility of online shopping, as well as the availability of a wider range of products and competitive pricing. Additionally, there is a growing trend towards the use of digital devices, such as smartphones and tablets, which has led to an increased demand for products that protect and enhance vision in the digital age.

Local special circumstances in Northern Africa, such as a growing middle class and increasing urbanization, are also contributing to the development of the Eye Care market. As disposable incomes rise and more people move to urban areas, the demand for eye care products and services is increasing. Additionally, the prevalence of certain eye conditions, such as myopia and presbyopia, is increasing in the region, further driving the demand for corrective eyewear and other eye care solutions.

Underlying macroeconomic factors, such as economic growth and government initiatives, are also playing a role in the development of the Eye Care market. Economic growth in Northern Africa has led to an increase in disposable incomes, allowing more people to afford eye care products and services. Furthermore, governments in the region are implementing initiatives to improve access to eye care, including the establishment of eye care clinics and the provision of subsidies for eye care products.

In conclusion, the Eye Care market in Northern Africa is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards preventive care, the increasing popularity of online shopping, and the growing middle class are all contributing to the growth of the market. Additionally, the prevalence of certain eye conditions and government initiatives are further driving the demand for eye care products and services in the region.

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.