Eye Care - Iran

  • Iran
  • In Iran, the revenue generated in the Eye Care market market in 2024 amounts to US$17.76m.
  • It is projected that the market will experience an annual growth rate of 2.13% (CAGR 2024-2029).
  • When compared globally, the in the United States generates the highest revenue in the market, with US$1,256.00m in 2024.
  • In terms of per person revenues, in Iran, each individual contributes US$0.20 in revenue in 2024.
  • Iran's Eye Care market is experiencing a surge in demand for OTC Pharmaceuticals, driven by increasing awareness about eye health.

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

 
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Analyst Opinion

The Eye Care market in Iran has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences:
Customers in Iran are increasingly prioritizing their eye health and are willing to invest in high-quality eye care products and services. This is partly due to a growing awareness of the importance of regular eye examinations and the prevention of eye diseases. Additionally, the desire for improved vision and the increasing prevalence of digital devices are driving the demand for corrective eyewear such as glasses and contact lenses.

Trends in the market:
One of the key trends in the Eye Care market in Iran is the rising popularity of laser eye surgery. This procedure, which corrects refractive errors and reduces the need for glasses or contact lenses, is becoming more accessible and affordable for a wider range of customers. Advancements in technology and the increasing number of skilled eye surgeons are contributing to the growth of this trend.Another trend in the market is the increasing demand for fashionable eyewear. Customers are not only looking for functional eyewear but also for stylish designs that reflect their personal style and fashion preferences. This trend is driving the growth of the eyewear industry, with a wide range of brands and designs available in the market.

Local special circumstances:
Iran has a relatively young population, with a large proportion of the population under the age of 30. This demographic trend is contributing to the growth of the Eye Care market, as younger individuals are more likely to seek vision correction and are more willing to invest in eye care products and services.Furthermore, Iran has a high prevalence of certain eye conditions, such as cataracts and glaucoma. This creates a significant demand for eye care services, including surgeries and treatments, which further drives the growth of the market.

Underlying macroeconomic factors:
The Eye Care market in Iran is also influenced by underlying macroeconomic factors. The country's economic growth and increasing disposable income levels have allowed more individuals to afford eye care products and services. Additionally, the government's focus on healthcare infrastructure development and the expansion of healthcare coverage have made eye care more accessible to a larger segment of the population.In conclusion, the Eye Care market in Iran is experiencing growth due to changing customer preferences, emerging trends such as laser eye surgery and fashionable eyewear, local special circumstances including a young population and high prevalence of eye conditions, and underlying macroeconomic factors such as economic growth and increased healthcare accessibility.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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