Eye Care - Switzerland

Switzerland

Highlights

Revenue in the Eye Care market amounts to US$41.81m in 2024. The market is expected to grow annually by 2.44% (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$4.72 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Eye Care market in Switzerland is experiencing steady growth due to several factors.

Customer preferences: Swiss consumers place a high value on their eye health and are willing to invest in quality eye care products and services. They prioritize products that offer advanced technology, such as contact lenses with UV protection or eyeglasses with blue light filters. Additionally, Swiss consumers prefer products that are environmentally friendly and sustainable, which has led to an increase in demand for eco-friendly eyewear materials.

Trends in the market: One of the key trends in the Eye Care market in Switzerland is the growing popularity of online eyewear retailers. Swiss consumers are increasingly turning to online platforms to purchase eyeglasses, contact lenses, and other eye care products. This trend is driven by the convenience of online shopping, competitive pricing, and the ability to browse a wide range of products from the comfort of their homes. Online retailers also offer virtual try-on tools, which allow consumers to see how different frames will look on their faces before making a purchase. Another trend in the market is the rising demand for specialized eye care services. Swiss consumers are seeking out optometrists and ophthalmologists who can provide personalized eye care solutions. This includes services such as comprehensive eye exams, specialized treatments for conditions like dry eye syndrome or glaucoma, and personalized advice on vision correction options. As a result, eye care professionals are expanding their services to meet these growing demands.

Local special circumstances: Switzerland has a well-developed healthcare system, which includes comprehensive coverage for eye care services. This means that Swiss consumers have easy access to eye care professionals and can receive necessary treatments without significant financial burden. Additionally, the Swiss government has implemented strict regulations on the manufacturing and distribution of eye care products, ensuring that consumers have access to safe and high-quality products.

Underlying macroeconomic factors: Switzerland has a high standard of living and a strong economy, which enables consumers to afford premium eye care products and services. The country also has a large aging population, which contributes to the increasing demand for eye care. As people age, they are more likely to develop age-related eye conditions, such as cataracts or macular degeneration, and require regular eye care services. In conclusion, the Eye Care market in Switzerland is driven by customer preferences for advanced technology, eco-friendly products, and convenient online shopping. The market is also influenced by trends such as the rise of online eyewear retailers and the demand for specialized eye care services. The local special circumstances, including comprehensive healthcare coverage and strict regulations, further contribute to the growth of the market. Finally, the underlying macroeconomic factors, such as a high standard of living and an aging population, support the increasing demand for eye care products and services in Switzerland.

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.