Eye Care - United Arab Emirates

United Arab Emirates

Highlights

In the United Arab Emirates, the revenue generated in the Eye Care market market in 2024 amounts to US$4.08m.
It is projected that this market will experience an annual growth rate of 3.25% (CAGR 2024-2029).
When compared globally, the United States generates the highest revenue in this market, with US$1.26bn in 2024.
Taking into consideration the total population figures, per person revenues of US$0.43 are generated in 2024.
The Eye Care market market in the United Arab Emirates showcases these statistics.
In the United Arab Emirates, there is a growing trend towards natural and herbal eye care products in the OTC pharmaceuticals market.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care market in United Arab Emirates is experiencing significant growth due to several factors.

Customer preferences: Customers in the United Arab Emirates have a strong preference for high-quality eye care products and services. They are willing to invest in premium brands and advanced technologies to ensure the health and well-being of their eyes. With the increasing awareness about the importance of eye health, customers are seeking out specialized eye care professionals and clinics that offer a wide range of services, including vision correction, eye exams, and treatments for various eye conditions.

Trends in the market: One of the key trends in the Eye Care market in United Arab Emirates is the growing demand for corrective eye surgery, such as LASIK. This trend can be attributed to the increasing number of individuals who want to reduce their dependence on glasses or contact lenses. The advancements in technology and the availability of experienced eye surgeons have made corrective eye surgery a popular choice among customers.Another trend in the market is the rising popularity of cosmetic eye treatments, such as eyelid surgery and eyelash extensions. Customers in the United Arab Emirates are becoming more conscious about their appearance and are seeking out procedures that enhance the beauty of their eyes. This trend is driven by the influence of social media and the desire to achieve a youthful and attractive look.

Local special circumstances: The United Arab Emirates has a large expatriate population, which contributes to the growth of the Eye Care market. Expatriates from different countries often bring their own eye care preferences and demands, leading to a diverse market. Additionally, the United Arab Emirates is known for its luxury lifestyle and the presence of high-end shopping malls and retail outlets. This creates opportunities for premium eye care brands to establish a strong presence in the market.

Underlying macroeconomic factors: The United Arab Emirates has a strong economy with high disposable income levels, which allows customers to spend more on eye care products and services. The government of the United Arab Emirates also recognizes the importance of healthcare and has implemented initiatives to improve access to quality eye care services. This supportive regulatory environment has further fueled the growth of the Eye Care market.In conclusion, the Eye Care market in United Arab Emirates is experiencing growth due to customer preferences for high-quality eye care, trends such as corrective eye surgery and cosmetic eye treatments, local special circumstances like the expatriate population and luxury lifestyle, and underlying macroeconomic factors including a strong economy and supportive government initiatives.

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.