Eye Care - Oman

  • Oman
  • In 2024, the revenue in the Eye Care market market in Oman amounts to US$3.11m.
  • It is projected that the market will experience an annual growth rate of 2.85% (CAGR 2024-2029).
  • When compared to other countries around Worldwide, the in the United States generates the highest revenue in the Eye Care market market, with a total of US$1,256.00m in 2024.
  • In terms of per person revenues, in Oman generates US$0.66 in 2024.
  • The Eye Care market in Oman is experiencing a surge in demand for OTC pharmaceutical products due to an increasing awareness of eye health among the population.

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

 
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Analyst Opinion

The Eye Care market in Oman has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Eye Care market in Oman have shifted towards a greater emphasis on preventive care and overall eye health. Consumers are becoming more aware of the importance of regular eye examinations and are seeking products and services that can help them maintain good vision. This has led to an increased demand for eyeglasses, contact lenses, and other vision correction solutions. Additionally, there is a growing interest in natural and holistic approaches to eye care, such as herbal remedies and alternative therapies.Trends in the Eye Care market in Oman are also contributing to its development. One notable trend is the rise of online retailing and e-commerce platforms, which have made it easier for consumers to access a wide range of eye care products and services. This has increased competition in the market and has led to more affordable prices for consumers. Furthermore, technological advancements in the field of eye care, such as the development of advanced diagnostic tools and surgical techniques, have improved the quality of care and treatment options available to patients.Local special circumstances in Oman are playing a role in shaping the Eye Care market. The country has a high prevalence of certain eye conditions, such as myopia and dry eye syndrome, which has created a strong demand for vision correction products and treatments. Additionally, the government has implemented various initiatives to promote eye health and raise awareness about the importance of regular eye examinations. This has further fueled the growth of the Eye Care market in Oman.Underlying macroeconomic factors also contribute to the development of the Eye Care market in Oman. The country has a growing population and a rising middle class, which has increased the purchasing power of consumers and their ability to afford eye care products and services. Furthermore, Oman's strong economic growth and stable political environment have attracted investments in the healthcare sector, including eye care facilities and clinics.In conclusion, the Eye Care market in Oman is developing due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As consumers become more aware of the importance of eye health and have greater access to a wide range of eye care products and services, the market is expected to continue its growth trajectory 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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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