Eye Care - Uganda | Statista Market Forecast

Eye Care - Uganda

Uganda

Highlights

Revenue in the Eye Care market amounts to US$915.20k in 2024. The market is expected to grow annually by 4.75% (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 Uganda is experiencing significant growth and development in recent years.

Customer preferences: Customers in Uganda are increasingly prioritizing their eye health and seeking out eye care services. This is partly due to a growing awareness of the importance of regular eye check-ups and the impact of eye conditions on overall health and well-being. As a result, there is a rising demand for quality eye care services and products, including prescription eyewear, contact lenses, and eye care treatments.

Trends in the market: One of the key trends in the Eye Care market in Uganda is the increasing availability of affordable and accessible eye care services. This is driven by the expansion of eye care clinics, optical shops, and mobile eye care units across the country. These initiatives aim to reach underserved populations in rural areas and provide them with much-needed eye care services. Another trend in the market is the growing popularity of online eyewear shopping. With the advancement of technology and the increasing penetration of the internet, more customers are opting to purchase eyewear online. This trend is driven by the convenience, wider selection, and competitive prices offered by online retailers. In response to this trend, traditional brick-and-mortar stores are also establishing their online presence to cater to the changing preferences of customers.

Local special circumstances: One of the factors contributing to the development of the Eye Care market in Uganda is the high prevalence of eye conditions and vision impairments. This is partly due to factors such as inadequate access to eye care services, poor nutrition, and limited awareness about eye health. As a result, there is a growing need for comprehensive eye care services, including diagnosis, treatment, and preventive measures.

Underlying macroeconomic factors: The development of the Eye Care market in Uganda is also influenced by macroeconomic factors such as population growth, urbanization, and increasing disposable income. As the population continues to grow, there is a larger customer base for eye care services and products. Urbanization also plays a role, as it leads to increased access to healthcare facilities and services. Additionally, the rising disposable income allows individuals to allocate more resources towards their eye health, leading to increased demand for eye care products and services. In conclusion, the Eye Care market in Uganda is experiencing significant growth and development due to increasing customer preferences for quality eye care services, the availability of affordable and accessible eye care options, the popularity of online eyewear shopping, the high prevalence of eye conditions, and underlying macroeconomic factors such as population growth, urbanization, and increasing disposable income.

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.