Eye Care - Fiji | Statista Market Forecast

Eye Care - Fiji

Fiji

Highlights

In Fiji, the revenue generated in the Eye Care market market is estimated to be US$595.30k in 2024.
It is projected that the market will experience an annual growth rate of 3.08% (CAGR 2024-2029).
When compared to other countries worldwide, the United States leads the pack with a revenue of US$1.26bn in 2024.
Taking into consideration the total population, the per person revenue in Fiji's Eye Care market market is approximately US$0.63 in 2024.
Fiji is experiencing a growing demand for over-the-counter eye care products due to its high prevalence of eye-related issues.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care market in Fiji has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in Fiji have shifted towards a greater emphasis on eye health and wellness. With increased awareness about the importance of regular eye check-ups and the impact of digital screens on eye health, consumers are seeking out products and services that cater to their specific eye care needs. This has led to a rise in demand for prescription eyewear, contact lenses, and eye care supplements.Trends in the Eye Care market in Fiji reflect global patterns, with an increasing focus on digital eye strain and blue light protection. As more people spend extended periods of time in front of screens, there is a growing demand for eyewear that filters out harmful blue light and reduces eye fatigue. This trend has led to the development of specialized eyewear and lenses that offer enhanced protection and visual comfort.Local special circumstances in Fiji, such as a high prevalence of outdoor activities and exposure to sunlight, have also contributed to the growth of the Eye Care market. Customers in Fiji are more likely to engage in outdoor sports and recreational activities, which increases the need for sunglasses and protective eyewear. Additionally, the tropical climate and strong sunlight in Fiji necessitate the use of UV protection in eyewear, further driving demand for sunglasses and other sun-protection products.Underlying macroeconomic factors have also played a role in the development of the Eye Care market in Fiji. The country's growing middle class and increasing disposable income levels have allowed more consumers to afford eye care products and services. Additionally, improvements in healthcare infrastructure and access to eye care professionals have made it easier for individuals to seek professional eye care services, further driving market growth.In conclusion, the Eye Care market in Fiji has experienced significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers become more aware of the importance of eye health and wellness, the demand for eye care products and services is expected to continue to grow 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.