Market Insights Health OTC Pharmaceuticals

Eye Care - Bahrain

Bahrain

In Bahrain, the revenue in the Eye Care market market reached US$0.41m in 2024.
It is projected to experience an annual growth rate of 3.20% (CAGR 2024-2029).
When compared to other countries worldwide, the in the United States generates the highest revenue with US$1,256.00m in 2024.
Looking at the per person revenues in relation to the total population, US$0.28 is generated in 2024.
Bahrain's Eye Care market is witnessing a surge in demand for OTC pharmaceuticals due to the increasing prevalence of digital eye strain among the tech-savvy population.

Key regions: Australia, Japan, Brazil, United States, Europe

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Analyst Opinion

The Eye Care market in Bahrain is experiencing significant growth and development in recent years.

Customer preferences: Customers in Bahrain have shown a growing preference for high-quality and advanced eye care products and services. This is driven by a greater awareness of the importance of maintaining good eye health and the desire to have access to the latest technologies and treatments. Customers are also seeking convenience and efficiency in their eye care experience, leading to an increased demand for online and telemedicine services.

Trends in the market: One of the key trends in the Eye Care market in Bahrain is the increasing adoption of digital technologies. This includes the use of telemedicine for remote consultations and the integration of artificial intelligence and machine learning in diagnostic tools and treatment planning. These technologies not only improve the accuracy and efficiency of eye care services but also enhance the overall patient experience.Another trend in the market is the growing popularity of corrective eye surgeries such as LASIK and PRK. This can be attributed to advancements in surgical techniques and a greater acceptance of these procedures among the population. As a result, more individuals are opting for these surgeries to correct their vision and reduce their dependence on glasses or contact lenses.

Local special circumstances: Bahrain has a relatively high prevalence of myopia, or nearsightedness, among its population. This has contributed to the increased demand for vision correction solutions such as eyeglasses, contact lenses, and refractive surgeries. Additionally, the hot and dry climate in Bahrain can lead to dry eye syndrome, prompting individuals to seek appropriate treatments and products to alleviate their symptoms.

Underlying macroeconomic factors: The Eye Care market in Bahrain is supported by several macroeconomic factors. The country has a high per capita income and a well-developed healthcare system, which enables individuals to afford and access quality eye care services. Furthermore, Bahrain has a growing population, including a significant expatriate community, which contributes to the expanding customer base for eye care providers.In conclusion, the Eye Care market in Bahrain is witnessing growth and development due to customer preferences for high-quality and advanced eye care, the adoption of digital technologies, and the increasing popularity of corrective eye surgeries. The local special circumstances, such as the prevalence of myopia and the hot climate, further drive the demand for eye care products and services. Supported by a strong macroeconomic environment, the market is expected to continue to expand in the coming years.

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.