Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Americas is witnessing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the growth of this market. Customer preferences play a crucial role in shaping the Eye Care (Pharmacies) market in Americas. Customers are increasingly becoming conscious of their eye health and are seeking convenient and accessible solutions. The ease of purchasing eye care products from pharmacies, coupled with the availability of a wide range of products, makes pharmacies an attractive choice for customers. Additionally, customers prefer pharmacies due to the professional advice and guidance provided by pharmacists, ensuring that they select the most suitable eye care products for their needs. Trends in the market also contribute to the development of the Eye Care (Pharmacies) market in Americas. One notable trend is the increasing demand for natural and organic eye care products. Customers are becoming more aware of the potential side effects of synthetic ingredients and are opting for products that are perceived to be safer and more environmentally friendly. Pharmacies are responding to this trend by expanding their range of natural and organic eye care products, thereby attracting a larger customer base. Another trend in the market is the rising popularity of online pharmacies. With the convenience of online shopping and the ability to compare prices and read customer reviews, more customers are turning to online pharmacies for their eye care needs. This trend has prompted traditional brick-and-mortar pharmacies to enhance their online presence and offer competitive pricing and delivery options to retain their customer base. Local special circumstances also play a role in the development of the Eye Care (Pharmacies) market in Americas. In countries with an aging population, such as the United States and Canada, there is a growing demand for eye care products and services. As the population ages, the incidence of eye-related conditions, such as cataracts and age-related macular degeneration, increases. Pharmacies are well-positioned to cater to this demand by offering a range of products and services, including prescription eyewear and over-the-counter treatments. Underlying macroeconomic factors also contribute to the growth of the Eye Care (Pharmacies) market in Americas. The increasing disposable income of consumers in the region allows them to spend more on eye care products and services. Additionally, the growing prevalence of digital devices and prolonged screen time has led to an increase in eye strain and related conditions, driving the demand for eye care products. The healthcare infrastructure and accessibility to pharmacies in the region also play a role in the growth of the market, as customers can easily access eye care products and services. Overall, the Eye Care (Pharmacies) market in Americas is developing due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The convenience, range of products, and professional guidance offered by pharmacies make them a preferred choice for customers seeking eye care solutions. As the market continues to evolve, pharmacies will need to adapt to changing customer preferences and market trends to remain competitive and meet the growing demand for eye care products and services.
Data coverage:
The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. 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 relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.
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