Eye Care (Pharmacies) - Argentina

Argentina

Highlights

Revenue in the Eye Care market is projected to reach US$15.92m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.61%, resulting in a market volume of US$18.11m by 2029.
In global comparison, most revenue will be generated Japan (US$904.40m in 2024).
In relation to total population figures, per person revenues of US$0.35 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care (Pharmacies) market in Argentina has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences play a crucial role in the growth of the Eye Care (Pharmacies) market in Argentina. With an increasing awareness of eye health and the importance of regular eye check-ups, consumers are seeking convenient and accessible solutions for their eye care needs. Pharmacies provide a convenient option for customers to access eye care products and services, making them a preferred choice for many. Trends in the market have also contributed to the growth of the Eye Care (Pharmacies) market in Argentina. The rising prevalence of eye-related disorders, such as myopia and cataracts, has created a higher demand for eye care products and services. Additionally, the aging population in Argentina has led to an increased need for vision correction and eye health maintenance. These trends have driven the growth of the Eye Care (Pharmacies) market as consumers rely on pharmacies to fulfill their eye care needs. Local special circumstances have also played a role in the development of the Eye Care (Pharmacies) market in Argentina. The country's healthcare system, which includes a strong network of pharmacies, has made it easier for consumers to access eye care products and services. Pharmacies in Argentina often have trained pharmacists who can provide guidance and recommendations for eye care products, further enhancing their appeal to consumers. Underlying macroeconomic factors have also contributed to the growth of the Eye Care (Pharmacies) market in Argentina. The country's improving economic conditions have led to an increase in disposable income, enabling consumers to spend more on healthcare products and services, including eye care. Additionally, the government's focus on promoting preventive healthcare has led to increased awareness and demand for eye care services, benefiting the Eye Care (Pharmacies) market. In conclusion, the Eye Care (Pharmacies) market in Argentina is experiencing significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers become more aware of the importance of eye health, they are turning to pharmacies for convenient and accessible eye care solutions. The rising prevalence of eye-related disorders and the aging population further drive the demand for eye care products and services. The country's strong healthcare system and improving economic conditions have also contributed to 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.