Eye Care - Norway | Statista Market Forecast

Eye Care - Norway

Norway

Highlights

In Norway, the revenue generated in the Eye Care market market in 2024 amounts to US$17.08m.
It is projected that the market will experience an annual growth rate of 1.06% (CAGR 2024-2029).
When compared to other countries worldwide, the United States leads the market with a revenue of US$1.26bn in 2024.
In terms of per person revenues, in Norway generates an average of US$3.10 per individual in 2024.
Norway is seeing a growing trend in the Eye Care market, with an increasing demand for natural and organic products.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care market in Norway has been experiencing significant growth in recent years, driven by 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 Norway have been shifting towards more advanced and innovative products. Customers are increasingly looking for eye care solutions that provide not only vision correction but also additional benefits such as UV protection, blue light filtering, and comfort. This trend is driven by the growing awareness of the harmful effects of UV rays and blue light on eye health. As a result, there has been a rising demand for products such as sunglasses, contact lenses with UV protection, and blue light filtering glasses.One of the key trends in the Eye Care market in Norway is the increasing adoption of digital technologies. With the widespread use of smartphones, tablets, and computers, people are spending more time in front of screens, leading to an increased risk of digital eye strain. This has created a demand for products that address this issue, such as specialized lenses and coatings that reduce eye strain and improve visual comfort during digital device use. Additionally, the market has seen the introduction of innovative products like smart contact lenses that can monitor and measure various aspects of eye health.Local special circumstances in Norway, such as the high prevalence of myopia among the population, have also contributed to the growth of the Eye Care market. Myopia, or nearsightedness, is a common vision problem that requires corrective measures such as glasses or contact lenses. The high prevalence of myopia has created a large customer base for eye care products, driving the growth of the market.Underlying macroeconomic factors, such as a strong economy and high disposable income levels, have also played a role in the development of the Eye Care market in Norway. With a high standard of living and a focus on health and well-being, Norwegians are willing to invest in high-quality eye care products. This has created opportunities for both domestic and international eye care brands to expand their presence in the market and introduce new products and technologies.In conclusion, the Eye Care market in Norway is witnessing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for advanced and innovative eye care products, the adoption of digital technologies, the high prevalence of myopia, and a strong economy are all contributing to the development of the market.

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.