Key regions: Europe, Australia, Brazil, China, United States
The Eye Care market in Myanmar is experiencing significant growth and development.
Customer preferences: In Myanmar, there is a growing awareness and concern for eye health among the population. People are increasingly seeking eye care services and products to address vision problems and maintain good eye health. This is driven by various factors such as the aging population, increased exposure to digital screens, and the desire for better quality of life. Customers in Myanmar are also becoming more conscious about the importance of regular eye check-ups and are willing to invest in eyewear and contact lenses to correct their vision.
Trends in the market: One of the key trends in the Eye Care market in Myanmar is the increasing demand for eyewear products. As people become more fashion-conscious, eyewear is not only seen as a functional item but also as a fashion accessory. This has led to a rise in the popularity of designer eyewear brands and a wider range of stylish frames being available in the market. Additionally, there is a growing trend towards the use of contact lenses, especially among the younger generation who prefer the convenience and aesthetic appeal of contact lenses over traditional eyeglasses.
Local special circumstances: Myanmar has a relatively low penetration rate of eye care services compared to other countries in the region. This is partly due to the lack of access to quality eye care facilities, especially in rural areas. However, the government and various non-profit organizations are working towards improving the accessibility and affordability of eye care services in the country. This includes initiatives such as mobile eye clinics and awareness campaigns to educate the population about the importance of eye health.
Underlying macroeconomic factors: The economic development and increasing disposable income in Myanmar are contributing to the growth of the Eye Care market. As people's purchasing power increases, they are more willing to spend on eye care products and services. Additionally, the rapid urbanization and modernization of Myanmar's cities have led to lifestyle changes, including increased screen time and exposure to environmental factors that can affect eye health. These factors are driving the demand for eye care solutions in the market.In conclusion, the Eye Care market in Myanmar is witnessing significant growth and development, driven by increasing customer awareness and preferences for eye health. The market is experiencing trends such as the demand for fashionable eyewear and the popularity of contact lenses. However, there are still challenges in terms of accessibility and affordability of eye care services, especially in rural areas. Nonetheless, with the government's initiatives and the country's economic development, the Eye Care market in Myanmar is expected to continue its positive trajectory.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
