Eye Care - Uzbekistan

  • Uzbekistan
  • Revenue in the Eye Care market amounts to US$9.32m in 2024. The market is expected to grow annually by 7.85% (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$0.26 are generated in 2024.

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

 
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Analyst Opinion

The Eye Care market in Uzbekistan is experiencing significant growth and development.

Customer preferences:
Customers in Uzbekistan are increasingly prioritizing their eye health and seeking out products and services that cater to their specific needs. This includes a growing demand for prescription eyewear, contact lenses, and eye care supplements. Additionally, there is a rising interest in fashionable and trendy eyewear options, as customers look for products that not only improve their vision but also enhance their overall appearance.

Trends in the market:
One of the key trends in the Eye Care market in Uzbekistan is the increasing adoption of digital devices and the subsequent rise in cases of digital eye strain. As more people spend extended periods of time in front of screens, there is a growing need for specialized eyewear that can alleviate the symptoms of digital eye strain. This has led to the introduction of blue light blocking lenses and computer glasses in the market, which have gained popularity among customers. Another trend in the market is the growing awareness and acceptance of refractive surgeries, such as LASIK, as a long-term solution for vision correction. As advancements in technology have made these procedures safer and more effective, more customers are opting for surgical interventions to permanently improve their vision. This trend is driving the growth of the eye surgery segment in the market.

Local special circumstances:
Uzbekistan has a large population with a high prevalence of vision problems, including myopia, hyperopia, and astigmatism. This, combined with the increasing awareness and affordability of eye care products and services, has created a favorable environment for the growth of the Eye Care market. Additionally, the government of Uzbekistan has been actively promoting the importance of eye health and providing support for the development of the eye care sector.

Underlying macroeconomic factors:
The overall economic growth and increasing disposable income in Uzbekistan are contributing to the development of the Eye Care market. As people have more purchasing power, they are able to afford higher-quality eye care products and services. Furthermore, the government's focus on healthcare and the improvement of healthcare infrastructure has created opportunities for the expansion of the Eye Care market. In conclusion, the Eye Care market in Uzbekistan is witnessing significant growth and development, driven by customer preferences for specialized eyewear, increasing cases of digital eye strain, and the growing acceptance of refractive surgeries. The local special circumstances, such as a high prevalence of vision problems and government support, are further fueling the market's expansion. The underlying macroeconomic factors, including economic growth and increasing disposable income, are also contributing to the market's growth.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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