Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Angola is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances.
Customer preferences: Customers in Angola are increasingly prioritizing eye health and are seeking convenient and accessible solutions. They are looking for a wide range of eye care products and services, including prescription glasses, contact lenses, and over-the-counter eye drops. Customers also value personalized assistance and expert advice when choosing eye care products.
Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Angola is the increasing demand for prescription glasses. As the population ages, the prevalence of vision problems such as presbyopia and myopia is rising. This has led to a growing need for corrective eyewear, driving the sales of prescription glasses in pharmacies. Additionally, the popularity of contact lenses is growing among younger consumers who prefer a more convenient and aesthetic alternative to glasses. Another trend in the market is the rising awareness of the importance of eye health. Customers are becoming more proactive in taking care of their eyes and are seeking preventive measures to maintain good vision. This has led to an increased demand for eye care products such as eye drops, vitamins, and supplements that promote eye health.
Local special circumstances: Angola has a relatively low number of specialized eye care clinics and hospitals, making pharmacies a convenient and accessible option for customers seeking eye care products and services. Many pharmacies in Angola have expanded their offerings to include a dedicated eye care section, providing customers with a one-stop solution for their eye health needs.
Underlying macroeconomic factors: The growth of the Eye Care (Pharmacies) market in Angola can be attributed to several macroeconomic factors. Angola has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has allowed more people to afford eye care products and services, driving the demand in the market. Furthermore, the government of Angola has implemented healthcare reforms aimed at improving access to healthcare services, including eye care. These reforms have resulted in increased investment in the healthcare sector, including the expansion of pharmacy services and the availability of a wider range of eye care products. In conclusion, the Eye Care (Pharmacies) market in Angola is growing due to changing customer preferences, emerging trends, and local special circumstances. Customers are seeking convenient and accessible solutions for their eye health needs, leading to increased demand for prescription glasses, contact lenses, and eye care products. The rising awareness of the importance of eye health and the government's healthcare reforms have further fueled the growth of the market.
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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