Market Insights Health OTC Pharmaceuticals

Eye Care - Netherlands

Netherlands

In the Netherlands, the revenue in the Eye Care market market is projected to reach US$25.61m in 2024.
It is anticipated that the market will experience an annual growth rate of 1.78% (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 figures, in the Netherlands generates US$1.45 in revenue per person in 2024.
The Netherlands is experiencing a growing trend in the Eye Care market, with a focus on natural and organic products.

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

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Analyst Opinion

The Eye Care market in Netherlands has been experiencing steady growth in recent years, driven by various factors such as changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Eye Care market in Netherlands have shifted towards a greater emphasis on preventive care and overall eye health. Customers are increasingly seeking products and services that help them maintain good vision and prevent eye-related issues. This has led to a rise in demand for products such as contact lenses, eye drops, and vitamins specifically formulated for eye health. Additionally, there is a growing interest in natural and organic eye care products, as customers become more conscious of the ingredients used in the products they use.One of the key trends in the Eye Care market in Netherlands is the increasing adoption of digital technology in eye care products and services. This includes the use of digital devices for vision testing and monitoring, as well as the development of smart contact lenses that can track various eye health metrics. The integration of technology into eye care has not only improved the accuracy and convenience of eye exams, but also opened up new opportunities for personalized and targeted treatments.Another trend in the market is the growing popularity of online retail channels for purchasing eye care products. Customers are increasingly turning to online platforms to purchase contact lenses, eye drops, and other eye care products, due to the convenience and competitive pricing offered by online retailers. This trend has also been accelerated by the COVID-19 pandemic, as customers have sought to limit their in-person interactions and opt for contactless shopping experiences.In addition to customer preferences and emerging trends, there are also local special circumstances that have influenced the development of the Eye Care market in Netherlands. The country has a well-established healthcare system that emphasizes preventive care and early intervention, which has contributed to the growing awareness and importance of eye care among the population. Furthermore, the Netherlands has a high prevalence of myopia, which has driven the demand for corrective eyewear such as glasses and contact lenses.Underlying macroeconomic factors have also played a role in shaping the Eye Care market in Netherlands. The country has a strong economy and a high standard of living, which has enabled consumers to prioritize their eye health and invest in quality eye care products and services. Additionally, the aging population in Netherlands has contributed to the growth of the market, as older individuals are more likely to require eye care treatments and products.Overall, the Eye Care market in Netherlands is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The focus on preventive care, adoption of digital technology, and the rise of online retail channels are all contributing to the development of the market. With a strong healthcare system and a high standard of living, Netherlands is well-positioned to continue experiencing growth in the Eye Care market.

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.