Market Insights Health OTC Pharmaceuticals

Eye Care - Greece

Greece

In Greece, the revenue in the Eye Care market market is projected to reach US$19.54m in 2024.
It is estimated that the market will experience an annual growth rate of 1.84% (CAGR 2024-2029).
When compared globally, the in the United States generates the highest revenue in the Eye Care market market, with a projected amount of US$1,256.00m in 2024.
In terms of per capita figures, in Greece is expected to generate US$1.90 in revenue per person in 2024.
Greece's eye care market is witnessing a surge in demand for OTC pharmaceuticals, reflecting the growing awareness and concern for maintaining good eye health among the population.

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

Market

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Analyst Opinion

The Eye Care market in Greece has been experiencing significant growth in recent years. Customer preferences have shifted towards a greater emphasis on eye health and the demand for eye care products and services has increased. This trend can be attributed to several factors, including changing demographics, increasing awareness about eye health, and advancements in technology.

Customer preferences: In Greece, customer preferences in the Eye Care market have been shifting towards a greater focus on eye health. Consumers are becoming more aware of the importance of maintaining good eye health and are seeking products and services that can help them achieve this goal. This has led to an increased demand for products such as contact lenses, eyeglasses, and eye drops.

Trends in the market: One of the key trends in the Eye Care market in Greece is the increasing popularity of contact lenses. Contact lenses offer convenience and comfort, and they are often preferred over traditional eyeglasses. This trend can be attributed to advancements in contact lens technology, which have made them more comfortable to wear for extended periods of time.Another trend in the market is the growing demand for eyeglasses with blue light blocking lenses. With the increasing use of digital devices such as smartphones, tablets, and computers, consumers are exposed to blue light, which can cause eye strain and other vision problems. Blue light blocking lenses help to reduce the harmful effects of blue light and protect the eyes.

Local special circumstances: Greece has a high prevalence of myopia, or nearsightedness, among its population. This has contributed to the increased demand for vision correction products such as eyeglasses and contact lenses. In addition, Greece has a large aging population, which has also contributed to the growth of the Eye Care market. As people age, their vision tends to deteriorate, leading to a greater need for eye care products and services.

Underlying macroeconomic factors: The growth of the Eye Care market in Greece can also be attributed to underlying macroeconomic factors. Greece has been experiencing economic recovery in recent years, which has led to an increase in disposable income. As consumers have more money to spend, they are more likely to invest in their health and well-being, including their eye health.In conclusion, the Eye Care market in Greece is experiencing significant growth due to changing customer preferences, including a greater focus on eye health. The increasing popularity of contact lenses and eyeglasses with blue light blocking lenses are key trends in the market. Local special circumstances, such as a high prevalence of myopia and an aging population, have also contributed to the growth of the market. Finally, underlying macroeconomic factors, including economic recovery and increased disposable income, have further fueled the growth of the Eye Care market in Greece.

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.