Market Insights Health OTC Pharmaceuticals

Eye Care - Northern Africa

Northern Africa

In 2024, the Eye Care market market in Northern Africa generates a revenue of US$59.40m.
It is projected to experience an annual growth rate of 5.65% (CAGR 2024-2029).
When comparing this market to other regions worldwide, the in the United States takes the lead with a revenue of US$1,256.00m in 2024.
On a per capita basis, the revenue generated in Northern Africa amounts to US$0.23 per person in 2024.
In Northern Africa, there is a growing trend of increased demand for over-the-counter eye care products, reflecting a rise in awareness and self-care practices among consumers.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Eye Care market in Northern Africa is experiencing significant growth and development in recent years. Customer preferences in the Eye Care market in Northern Africa are shifting towards a greater emphasis on preventive and corrective measures. Customers are becoming more aware of the importance of regular eye check-ups and are seeking out products and services that can help maintain their eye health. Additionally, there is a growing demand for eyewear products that offer both style and functionality, as customers are increasingly looking for fashionable options that also provide protection from harmful UV rays.Trends in the market indicate a rise in the adoption of innovative technologies and treatments. Advanced diagnostic tools and techniques are being introduced to enhance the accuracy and efficiency of eye examinations. This includes the use of digital imaging and artificial intelligence to detect and diagnose eye conditions. Furthermore, there is a growing interest in laser eye surgery and other vision correction procedures, as customers seek long-term solutions to their vision problems.Local special circumstances in Northern Africa play a role in the development of the Eye Care market. The region has a relatively young population, with a significant portion of the population under the age of 30. This demographic trend contributes to the increasing demand for eye care services and products, as younger individuals are more likely to engage in activities that can strain their eyes, such as excessive screen time. Additionally, the prevalence of certain eye conditions, such as myopia, is higher in Northern Africa compared to other regions, further driving the demand for eye care solutions.Underlying macroeconomic factors also contribute to the growth of the Eye Care market in Northern Africa. Economic development and rising disposable incomes have led to an increase in healthcare expenditure, including eye care. As individuals become more financially capable, they are willing to invest in their eye health and seek out high-quality products and services. Additionally, the expansion of healthcare infrastructure and the presence of international eye care providers have made eye care more accessible to a larger population, further driving market growth.In conclusion, the Eye Care market in Northern Africa is developing due to changing customer preferences, adoption of innovative technologies, local special circumstances, and underlying macroeconomic factors. As the region continues to prioritize eye health and invest in healthcare infrastructure, the market is expected to experience further growth in the coming years.

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.