Market Insights Health OTC Pharmaceuticals

Eye Care - Sweden

Sweden

In Sweden, the revenue in the Eye Care market market is estimated to be US$29.08m in 2024.
It is projected to have an annual growth rate of 2.03% (CAGR 2024-2029).
When compared globally, the in the United States generates the highest revenue with US$1,256.00m in 2024.
In terms of per person revenues, in Sweden generates US$2.73 in 2024.
In Sweden, there is a growing trend towards natural and organic eye care products in the OTC Pharmaceuticals market.

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

Market

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Analyst Opinion

The Eye Care market in Sweden is experiencing significant growth and development in recent years. Customer preferences have shifted towards a greater emphasis on preventive eye care and the use of innovative technologies. This trend is driven by the increasing awareness of the importance of eye health and the desire for better visual acuity.

Customer preferences: In Sweden, customers are increasingly prioritizing preventive eye care to maintain good vision and prevent eye diseases. This shift in preferences is influenced by the growing awareness of the impact of digital devices on eye health and the aging population. As a result, there is a higher demand for regular eye check-ups and the use of products that protect and improve eye health.

Trends in the market: One of the key trends in the Eye Care market in Sweden is the adoption of innovative technologies. Customers are seeking advanced solutions such as smart contact lenses, which can monitor eye health and provide real-time data. Additionally, there is a growing demand for digital eye strain relief products, including blue light-blocking glasses and eye drops that alleviate dryness caused by excessive screen time.Another trend in the market is the increasing popularity of natural and organic eye care products. Customers are becoming more conscious of the ingredients used in eye care products and are opting for natural alternatives. This trend is driven by the overall shift towards sustainability and a desire for products that are gentle on the eyes and the environment.

Local special circumstances: Sweden has a well-developed healthcare system and a high level of healthcare awareness among its population. This creates a favorable environment for the Eye Care market to thrive. The country also has a strong focus on research and development, which encourages the introduction of innovative eye care solutions.Furthermore, Sweden has a high penetration of digital devices and internet connectivity, leading to a higher prevalence of digital eye strain. This factor contributes to the demand for eye care products that specifically address the issues associated with prolonged screen time.

Underlying macroeconomic factors: The Eye Care market in Sweden is also influenced by macroeconomic factors such as the aging population and the overall economic growth of the country. As the population ages, there is a greater need for eye care services and products to address age-related vision problems. Additionally, the stable economic growth in Sweden has led to increased disposable income, allowing customers to spend more on eye care products and services.In conclusion, the Eye Care market in Sweden is experiencing growth and development driven by customer preferences for preventive eye care and innovative technologies. The adoption of advanced solutions and the demand for natural and organic products are notable trends in the market. The local special circumstances, including a well-developed healthcare system and a high level of healthcare awareness, create a favorable environment for the market. Furthermore, macroeconomic factors such as the aging population and economic growth contribute to the market's expansion.

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.