Market Insights Health OTC Pharmaceuticals

Eye Care - Eastern Asia

Eastern Asia

In Eastern Asia, the Eye Care market market generates a revenue of US$1.48bn in 2024.
It is projected to experience an annual growth rate of 3.17% (CAGR 2024-2029).
Among all countries, the in the United States leads the market with a revenue of US$1,256.00m in 2024.
When considering the population, the per person revenue stands at US$0.90 in 2024.
In Eastern Asia, the eye care market is booming, with innovative products and advanced technologies driving growth in countries like Japan and South Korea.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Eye Care market in Eastern Asia is experiencing significant growth and development. Customer preferences in the Eye Care market in Eastern Asia are shifting towards a greater focus on preventive eye care and overall eye health. Consumers are becoming more aware of the importance of regular eye examinations and are seeking out products and services that promote eye health. There is also a growing demand for innovative and technologically advanced eye care products, such as contact lenses with UV protection and blue light filtering glasses. Additionally, there is a trend towards natural and organic eye care products, as consumers are becoming more conscious of the ingredients they put on their skin and eyes.In terms of trends in the market, there is a growing demand for myopia control products in Eastern Asia. Myopia, or nearsightedness, is a common vision problem in the region, and there is a strong emphasis on preventing its progression in children. This has led to an increase in the availability of products such as orthokeratology lenses, which are designed to reshape the cornea and reduce myopia progression. Additionally, there is a growing interest in eye care supplements, such as vitamins and minerals that promote eye health and reduce the risk of age-related eye diseases.Local special circumstances in Eastern Asia also contribute to the development of the Eye Care market. The region has a large population and a high prevalence of eye-related issues, such as myopia and dry eye syndrome. This creates a significant market opportunity for eye care products and services. Additionally, Eastern Asia has a strong culture of valuing education and investing in the future, which extends to the importance placed on eye health and vision correction.Underlying macroeconomic factors also play a role in the development of the Eye Care market in Eastern Asia. The region has experienced rapid economic growth in recent years, leading to an increase in disposable income and a higher standard of living. As a result, consumers are willing to spend more on eye care products and services. Furthermore, advancements in technology and healthcare infrastructure have made eye care more accessible and affordable, driving the demand for eye care products and services.In conclusion, the Eye Care market in Eastern Asia is experiencing growth and development due to shifting customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers become more aware of the importance of eye health, the demand for innovative and preventive eye care products is increasing. With a large population and a high prevalence of eye-related issues, Eastern Asia presents a significant market opportunity for eye care companies.

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.