Market Insights Health OTC Pharmaceuticals

Eye Care - Mozambique

Mozambique

In Mozambique, the revenue in the Eye Care market market is estimated to reach US$0.69m in 2024.
It is projected to experience an annual growth rate of 5.69% (CAGR 2024-2029).
When compared globally, the in the United States generates the highest revenue in this market, amounting to US$1,256.00m in 2024.
In terms of per capita revenue, each person in Mozambique generates US$0.02 in 2024.
The demand for affordable and accessible eye care products in Mozambique is steadily increasing, driven by a growing awareness of the importance of good eye health.

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

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Analyst Opinion

The Eye Care market in Mozambique is experiencing significant development and growth. Customer preferences are shifting towards a greater emphasis on eye health and the demand for eye care products and services is increasing. This trend is driven by several factors, including an aging population, increased awareness about the importance of eye health, and improvements in healthcare infrastructure.

Customer preferences: Customers in Mozambique are increasingly prioritizing their eye health. This is reflected in their preferences for high-quality eye care products and services. There is a growing demand for prescription glasses, contact lenses, and eye care accessories. Customers are also seeking out comprehensive eye exams and specialized treatments for various eye conditions. Additionally, there is a rising interest in preventative measures such as regular check-ups and the use of protective eyewear.

Trends in the market: One of the key trends in the Eye Care market in Mozambique is the increasing availability and accessibility of eye care services. Healthcare providers are expanding their services to reach more customers, particularly in rural areas. Mobile eye clinics and outreach programs are being implemented to ensure that individuals in remote locations have access to eye care. This trend is supported by advancements in technology, such as telemedicine, which allows for remote consultations and diagnosis.Another trend in the market is the growing popularity of online platforms for purchasing eye care products. Customers are increasingly turning to e-commerce platforms to buy prescription glasses, contact lenses, and other eye care accessories. This trend is driven by the convenience and affordability of online shopping, as well as the wider range of products available compared to traditional brick-and-mortar stores.

Local special circumstances: Mozambique has a relatively high prevalence of eye conditions and vision impairments. This is partly due to factors such as limited access to healthcare services, lack of awareness about eye health, and a shortage of trained eye care professionals. As a result, there is a pressing need to improve the availability and quality of eye care services in the country. Local organizations and international partners are working together to address these challenges and provide essential eye care services to the population.

Underlying macroeconomic factors: The Eye Care market in Mozambique is influenced by several macroeconomic factors. The country's economic growth and increasing disposable income have contributed to the rising demand for eye care products and services. As the economy continues to develop, more individuals are able to afford eye care treatments and invest in their eye health. Additionally, government initiatives and policies aimed at improving healthcare infrastructure and access to eye care services have further stimulated market growth.In conclusion, the Eye Care market in Mozambique is experiencing significant development and growth. Customer preferences are shifting towards a greater emphasis on eye health, leading to increased demand for eye care products and services. The market is characterized by trends such as the increasing availability and accessibility of eye care services and the growing popularity of online platforms for purchasing eye care products. Local special circumstances, such as the high prevalence of eye conditions and vision impairments, highlight the need for improved eye care services in the country. The market is also influenced by underlying macroeconomic factors, including economic growth and government initiatives to enhance healthcare infrastructure.

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.