Eye Care - Ukraine

Ukraine

Highlights

In Ukraine, the revenue in the Eye Care market market in 2024 amounts to US$23.80m.
It is projected that the market will experience an annual growth rate of 2.41% (CAGR 2024-2029).
When compared globally, the United States generates the highest revenue in this market, with US$1.26bn in 2024.
In terms of per person revenues, in Ukraine generates US$0.63 in 2024.
In Ukraine, there is a growing trend in the Eye Care market, with an increasing demand for OTC pharmaceuticals for common eye conditions.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care market in Ukraine has been experiencing significant growth in recent years. Customer preferences have shifted towards more advanced and innovative eye care products and services. This trend can be attributed to several factors, including increasing awareness about eye health, changing lifestyles, and the availability of a wider range of eye care options in the market.

Customer preferences: Customers in Ukraine have become more conscious about their eye health and are seeking products and services that offer effective solutions for their vision problems. There is a growing demand for advanced eye care technologies, such as laser eye surgery and contact lenses with advanced features. Additionally, customers are also looking for convenience and affordability when it comes to purchasing eye care products, leading to an increase in online sales of eyeglasses and contact lenses.

Trends in the market: One of the key trends in the Eye Care market in Ukraine is the increasing popularity of laser eye surgery. This procedure offers a permanent solution for vision correction and eliminates the need for wearing glasses or contact lenses. As the technology has become more advanced and affordable, an increasing number of people are opting for this procedure. Additionally, there has been a rise in the demand for contact lenses with advanced features, such as UV protection and extended wear options. These trends indicate a shift towards more convenient and long-term solutions for vision correction.

Local special circumstances: Ukraine has a high prevalence of myopia, especially among younger populations. This has led to a higher demand for vision correction products and services. Additionally, the country has a large aging population, which has contributed to the growing demand for eye care services, such as cataract surgery and treatment for age-related eye conditions. The government has also taken initiatives to improve access to eye care services in rural areas, which has further boosted the market growth.

Underlying macroeconomic factors: The Eye Care market in Ukraine is influenced by several macroeconomic factors. The country has witnessed steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has allowed more people to afford eye care products and services. Additionally, the government has implemented healthcare reforms to improve access to quality healthcare services, including eye care. These factors have contributed to the overall growth of the Eye Care market in Ukraine.In conclusion, the Eye Care market in Ukraine is experiencing growth due to changing customer preferences, including a shift towards advanced eye care technologies and convenient solutions for vision correction. The market is also influenced by local special circumstances, such as a high prevalence of myopia and an aging population. The underlying macroeconomic factors, including economic growth and government healthcare reforms, have further contributed to the market development.

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.