Eye Care - Eastern Africa

Eastern Africa

Highlights

In Eastern Africa, the revenue generated in the Eye Care market market in 2024 amounted to US$8.94m in the local currency.
The market is projected to experience an annual growth rate of 4.56% (CAGR 2024-2029).
When compared globally, the United States leads the way with the highest revenue generated in the Eye Care market market, reaching US$1.26bn in 2024.
In terms of per capita income, the revenue generated per person in Eastern Africa in 2024 amounted to US$0.02 in the local currency.
Eastern Africa's eye care market is witnessing a surge in demand for over-the-counter pharmaceutical products to address common vision problems.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care market in Eastern Africa is experiencing significant growth and development due to several factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the positive trajectory of the Eye Care market in this region.Customer preferences in Eastern Africa are shifting towards a greater emphasis on eye health and vision care. As awareness about the importance of regular eye check-ups and the early detection of eye diseases increases, consumers are seeking out eye care products and services. This growing demand is driving the expansion of the Eye Care market in Eastern Africa.Trends in the market also play a crucial role in the development of the Eye Care market in this region. Technological advancements in the field of eye care have led to the introduction of innovative products and services. For example, the availability of advanced diagnostic tools and treatments has improved the accuracy and effectiveness of eye care services. Additionally, the rising popularity of online retail platforms has made eye care products more accessible to consumers, further fueling market growth.Local special circumstances in Eastern Africa contribute to the development of the Eye Care market. The region has a high prevalence of eye diseases, such as cataracts and glaucoma, which require regular monitoring and treatment. The lack of access to quality eye care services in certain areas creates opportunities for market expansion. Eye care providers are working to bridge this gap by establishing clinics and mobile eye care units in underserved communities.Underlying macroeconomic factors also influence the growth of the Eye Care market in Eastern Africa. The region's population is rapidly growing, leading to an increased demand for eye care services. Additionally, rising disposable incomes and improvements in healthcare infrastructure have made eye care more affordable and accessible to a larger segment of the population. These factors contribute to the overall positive outlook for the Eye Care market in this region.In conclusion, the Eye Care market in Eastern Africa is experiencing growth and development due to changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. As consumers prioritize eye health and vision care, the demand for eye care products and services continues to rise. Technological advancements, increased accessibility, and the prevalence of eye diseases in the region further drive market growth. With a growing population and improving healthcare infrastructure, the Eye Care market in Eastern Africa is expected to continue its upward trajectory in the coming years.

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.