Eye Care - Oman | Statista Market Forecast

Eye Care - Oman

Oman

Highlights

Revenue in the Eye Care market amounts to US$3.11m in 2024. The market is expected to grow annually by 2.83% (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$0.66 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Oman is experiencing steady growth and development, 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 Oman are shifting towards a greater emphasis on preventive care and overall eye health.

Consumers are becoming more aware of the importance of regular eye check-ups and are seeking out products and services that can help maintain and improve their vision. This trend is driven by a growing aging population and increased awareness of the impact of digital screens on eye health. Trends in the market are also contributing to the growth of the Eye Care market in Oman.

One notable trend is the increasing popularity of contact lenses. Contact lenses offer convenience and flexibility compared to traditional eyeglasses, and consumers are increasingly opting for this option. Additionally, there is a growing demand for specialized eye care products such as blue light blocking glasses, which help protect the eyes from the harmful effects of prolonged exposure to digital screens.

Local special circumstances in Oman are also playing a role in the development of the Eye Care market. Oman has a high prevalence of certain eye conditions such as cataracts and myopia, which has created a significant demand for eye care services and products. The government has recognized the importance of addressing these eye health issues and has implemented initiatives to improve access to eye care services and raise awareness about eye health.

Underlying macroeconomic factors are also contributing to the growth of the Eye Care market in Oman. The country's growing population, increasing disposable income, and improving healthcare infrastructure are creating a favorable environment for the development of the eye care industry. Additionally, Oman's strategic location and stable political environment make it an attractive market for international eye care companies looking to expand their presence in the Middle East.

In conclusion, the Eye Care market in Oman is experiencing growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers become more aware of the importance of eye health, the demand for eye care products and services is expected to continue to rise. The government's initiatives to improve access to eye care services and raise awareness about eye health are also contributing to the growth of the market.

With a growing population, increasing disposable income, and improving healthcare infrastructure, Oman presents a promising market for the eye care industry.

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.