Market Insights Consumer OTC Pharmaceuticals

Eye Care - Sudan

Sudan

Revenue in the Eye Care market amounts to US$0.66m in 2024. The market is expected to grow annually by 0.60% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$1,256m in 2024).
In relation to total population figures, per person revenues of US$0.01 are generated in 2024.

Key regions: Thailand, Philippines, Indonesia, Canada, United Kingdom

Market

Region

Region comparison

Currency

Analyst Opinion

The Eye Care market in Sudan is experiencing steady growth due to increasing customer preferences for eye health and the availability of advanced eye care products and services.

Customer preferences: Customers in Sudan are becoming more aware of the importance of eye health and are seeking regular eye examinations and treatments. This growing awareness is driving the demand for eye care products such as contact lenses, eyeglasses, and eye drops. Additionally, there is a rising preference for advanced eye care services such as LASIK surgery and other corrective procedures.

Trends in the market: One of the key trends in the Eye Care market in Sudan is the increasing popularity of online eyewear shopping. Customers are now able to browse and purchase eyeglasses and contact lenses online, which provides them with convenience and a wider range of options. This trend is supported by the growing internet penetration in the country. Another trend in the market is the rising demand for cosmetic contact lenses. Sudanese customers are increasingly interested in changing their eye color or enhancing their natural eye color with cosmetic lenses. This trend is influenced by global fashion trends and the desire to experiment with different looks.

Local special circumstances: Sudan has a high prevalence of eye diseases and vision problems, which contributes to the growth of the Eye Care market. Factors such as exposure to dust, sand, and other environmental conditions, as well as limited access to healthcare facilities, contribute to the high incidence of eye problems. As a result, there is a greater need for eye care products and services in the country.

Underlying macroeconomic factors: The overall economic development in Sudan is also contributing to the growth of the Eye Care market. As the country experiences economic growth, there is an increase in disposable income, which allows customers to spend more on healthcare, including eye care. Additionally, the government is investing in improving healthcare infrastructure, which further supports the growth of the Eye Care market. In conclusion, the Eye Care market in Sudan is growing steadily due to increasing customer preferences for eye health, the availability of advanced eye care products and services, and the underlying macroeconomic factors. The market is expected to continue to expand as customers become more aware of the importance of eye health and as the country's economy develops.

Methodology

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.