Market Insights Health OTC Pharmaceuticals

Eye Care - Mauritius

Mauritius

In Mauritius, the revenue generated in the Eye Care market market is estimated to be US$0.51m in 2024.
This market is projected to experience an annual growth rate of 2.96% (CAGR 2024-2029).
When compared to other countries worldwide, the in the United States leads in terms of revenue generated, with a staggering US$1,256.00m in 2024.
In terms of per capita figures, in Mauritius generates US$0.39 in revenue per person in 2024.
Mauritius has seen a rise in demand for over-the-counter eye care products due to the increasing prevalence of digital eye strain among its population.

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

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Analyst Opinion

The Eye Care market in Mauritius has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Eye Care market have shifted towards a greater emphasis on preventive and holistic eye care. Customers are increasingly seeking products and services that not only address their immediate vision needs, but also promote long-term eye health. This shift is driven by a growing awareness of the importance of eye health and a desire to prevent vision problems before they occur. As a result, there has been an increased demand for products such as eye vitamins, supplements, and natural remedies that are believed to support eye health. Additionally, customers are also seeking out specialized eye care services, such as personalized vision correction solutions and tailored eye exams.Trends in the Eye Care market in Mauritius reflect global and regional developments in the industry. One notable trend is the increasing adoption of digital technology in the field of eye care. Digital solutions, such as telemedicine and online eye exams, have gained popularity as they offer convenience and accessibility to customers. This trend has been further accelerated by the COVID-19 pandemic, which has necessitated the use of remote healthcare solutions. Another trend is the growing demand for eco-friendly and sustainable eye care products. Customers are increasingly conscious of the environmental impact of their purchases and are seeking out products that are made from sustainable materials and produced using environmentally friendly practices.Local special circumstances in Mauritius have also influenced the development of the Eye Care market. The country has a high prevalence of certain eye conditions, such as cataracts and glaucoma, which has created a significant demand for specialized eye care services. Additionally, Mauritius has a growing aging population, which is driving the need for eye care services tailored to the specific needs of older adults. The government has recognized the importance of eye health and has implemented initiatives to improve access to eye care services, particularly in rural areas.Underlying macroeconomic factors, such as GDP growth and disposable income levels, have also contributed to the development of the Eye Care market in Mauritius. As the economy has grown, individuals have had more disposable income to spend on eye care products and services. Furthermore, the government's focus on healthcare and social welfare has resulted in increased investment in the healthcare sector, including eye care.In conclusion, the Eye Care market in Mauritius is developing in response to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards preventive and holistic eye care, the adoption of digital technology, the demand for eco-friendly products, and the prevalence of certain eye conditions are all contributing to the growth of the market. Additionally, government initiatives and economic factors are also playing a role in shaping the development of the Eye Care market in Mauritius.

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.