Market Insights Health OTC Pharmaceuticals

Eye Care - Northern Europe

Northern Europe

In 2024, the revenue in the Eye Care market market in Northern Europe amounts to US$86.98m.
It is projected to experience an annual growth rate of 2.06% (CAGR 2024-2029).
When compared to other countries worldwide, the in the United States generates the highest revenue in the Eye Care market market, reaching US$1,256.00m in 2024.
Taking into account the total population, the per person revenue in Northern Europe is US$2.57 in 2024.
In Northern Europe, the eye care market is dominated by a strong preference for natural and organic products.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Eye Care market in Northern Europe is experiencing steady growth due to various factors such as changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.Customer preferences in the Eye Care market in Northern Europe have shifted towards a greater focus on preventive care and overall eye health. Customers are becoming more conscious about the importance of regular eye examinations and are willing to invest in high-quality eye care products and services. Additionally, there is a growing demand for innovative and technologically advanced eyewear solutions that offer both style and functionality.Trends in the market indicate a rise in the popularity of contact lenses and personalized eyewear. Contact lenses provide convenience and flexibility for individuals with active lifestyles, while personalized eyewear allows customers to express their individuality and style. Furthermore, there is an increasing trend towards the use of blue light blocking glasses, as people spend more time in front of digital screens, which can lead to eye strain and fatigue.Local special circumstances in Northern Europe, such as the high prevalence of myopia, contribute to the growth of the Eye Care market. Myopia, or nearsightedness, is a common vision problem in the region, and this has led to a greater demand for corrective eyewear and vision correction procedures. Additionally, the aging population in Northern Europe has resulted in an increased need for vision care services and products, including prescription eyewear and cataract surgery.Underlying macroeconomic factors also play a role in the development of the Eye Care market in Northern Europe. The region has a high disposable income and a strong healthcare infrastructure, which allows for easy access to eye care services. Furthermore, the presence of well-established eyewear brands and retailers in the market contributes to the overall growth and competitiveness of the industry.In conclusion, the Eye Care market in Northern Europe is growing steadily due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customers are increasingly focused on preventive eye care and are seeking innovative eyewear solutions. The high prevalence of myopia and the aging population in the region contribute to the demand for eye care products and services. Additionally, the region's high disposable income and strong healthcare infrastructure provide favorable conditions for market growth.

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.