Market Insights Health OTC Pharmaceuticals

Eye Care - Sudan

Sudan

In Sudan, the revenue generated in the Eye Care market market in 2024 amounts to US$0.66m.
It is projected to experience an annual growth rate of 0.60% (CAGR 2024-2029).
When comparing 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 revenue, in Sudan, each person generates US$0.01 in 2024.
Sudan is experiencing a growing demand for over-the-counter eye care products due to increasing awareness about the importance of maintaining good eye health.

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

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Analyst Opinion

The Eye Care market in Sudan is experiencing significant growth and development in recent years. Customer preferences are shifting towards a greater emphasis on eye health and the demand for eye care products and services is increasing. This trend can be attributed to several factors, including a growing awareness of the importance of eye health, an aging population, and an increase in disposable income.Customer preferences in the Eye Care market in Sudan are shifting towards a greater emphasis on eye health. People are becoming more aware of the potential risks and complications associated with poor eye health, such as vision loss and eye diseases. As a result, they are seeking out products and services that can help them maintain good eye health and prevent these problems. This includes a wide range of products, such as contact lenses, eyeglasses, and eye drops, as well as services like regular eye exams and consultations with eye care professionals.Another factor driving the growth of the Eye Care market in Sudan is the aging population. As people get older, their risk of developing eye problems and diseases increases. This has led to a greater demand for eye care products and services among the elderly population. Additionally, as the population ages, there is a greater need for specialized eye care services, such as cataract surgeries and treatments for age-related macular degeneration. This has created new opportunities for eye care providers and manufacturers in the market.The increase in disposable income among the population is also contributing to the growth of the Eye Care market in Sudan. As people's incomes rise, they have more money to spend on healthcare and wellness products. This includes eye care products and services, which are seen as essential for maintaining good overall health. As a result, the demand for these products and services is increasing, leading to growth in the market.In addition to these customer preferences, there are also local special circumstances that are driving the development of the Eye Care market in Sudan. One such circumstance is the lack of access to quality eye care services in rural areas. Many people in these areas do not have easy access to eye care professionals or specialized eye care facilities. This has created a demand for mobile eye clinics and outreach programs that can bring eye care services to these underserved areas.Underlying macroeconomic factors, such as economic growth and government initiatives, are also contributing to the development of the Eye Care market in Sudan. As the economy grows, people have more disposable income to spend on healthcare and wellness products, including eye care. Additionally, the government's focus on improving healthcare services and infrastructure has created opportunities for the expansion of the Eye Care market.Overall, the Eye Care market in Sudan is experiencing growth and development due to changing customer preferences, an aging population, an increase in disposable income, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, there will likely be new opportunities for eye care providers and manufacturers to meet the growing demand for eye care products and services in Sudan.

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.