Eye Care - France | Statista Market Forecast

Eye Care - France

France

Highlights

In France, the revenue generated in the Eye Care market market in 2024 amounts to US$116.30m.
It is projected that the market will experience an annual growth rate of 1.90% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, the United States leads in terms of revenue generation, with an estimated amount of US$1.26bn in 2024.
Taking into account the total population, the per person revenue generated in France in 2024 is US$1.79.
In France, there is a growing trend towards natural and organic eye care products in the OTC Pharmaceuticals market.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care market in France is experiencing significant growth due to changing customer preferences and trends in the market. Customer preferences in the Eye Care market in France have shifted towards a greater emphasis on preventative care and a desire for high-quality products. Consumers are becoming more aware of the importance of maintaining good eye health and are actively seeking out products that can help them achieve this. This has led to an increased demand for products such as contact lenses, eye drops, and vitamins specifically designed to support eye health. Additionally, there is a growing interest in natural and organic eye care products, as consumers are becoming more conscious of the ingredients they put on their bodies.One of the key trends in the Eye Care market in France is the rise of digital eye strain. With the increasing use of digital devices such as smartphones, tablets, and computers, more people are experiencing symptoms such as dry eyes, eye fatigue, and blurred vision. This has created a demand for products that can alleviate these symptoms, such as lubricating eye drops and blue light-blocking glasses. Additionally, there is a growing interest in innovative technologies, such as smart contact lenses that can monitor and track eye health.Another trend in the market is the increasing popularity of online shopping for eye care products. Consumers are increasingly turning to online retailers to purchase their eye care products due to the convenience and wide range of options available. Online retailers are able to offer competitive prices and a greater variety of products compared to traditional brick-and-mortar stores. This trend has been further accelerated by the COVID-19 pandemic, which has led to an increase in online shopping across all industries.In addition to changing customer preferences and trends, there are also local special circumstances that are driving the growth of the Eye Care market in France. The country has a high prevalence of myopia, especially among younger generations. This has led to an increased demand for corrective eyewear such as glasses and contact lenses. Furthermore, the French government has implemented policies to promote eye health and provide access to affordable eye care services, which has further contributed to the growth of the market.Underlying macroeconomic factors such as a growing population, increasing disposable income, and advancements in healthcare infrastructure are also driving the growth of the Eye Care market in France. As the population continues to grow and age, the demand for eye care products and services is expected to increase. Additionally, rising disposable income levels have made eye care products and services more affordable and accessible to a larger portion of the population. The advancements in healthcare infrastructure have also improved the availability and quality of eye care services in the country.Overall, the Eye Care market in France is experiencing significant growth due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers become more conscious of their eye health and the importance of preventative care, the demand for eye care products and services is expected to continue to rise.

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.