Eye Care (Pharmacies) - Benelux

Benelux

Highlights

Revenue in the Eye Care market is projected to reach US$58.04m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.37%, resulting in a market volume of US$62.13m 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$1.93 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care (Pharmacies) market in Benelux is experiencing significant growth due to a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care (Pharmacies) market in Benelux are driving the growth of the industry. Consumers in Benelux are increasingly concerned about their eye health and are seeking out products and services that help them maintain good vision. This has led to a rise in demand for eye care products such as contact lenses, glasses, and eye drops. Additionally, consumers are becoming more aware of the importance of regular eye check-ups and are visiting pharmacies to access eye care services. Trends in the market are also contributing to the growth of the Eye Care (Pharmacies) market in Benelux. One major trend is the increasing prevalence of digital eye strain due to prolonged screen time. As more people spend time on digital devices, the demand for products that alleviate eye strain, such as blue light-blocking glasses, is on the rise. Another trend is the growing popularity of natural and organic eye care products. Consumers are becoming more conscious of the ingredients in the products they use and are seeking out natural alternatives. This has led to an increase in the availability of natural eye care products in pharmacies in Benelux. Local special circumstances in Benelux are also impacting the Eye Care (Pharmacies) market. The region has a high population density, with a large number of people living in urban areas. This concentration of population makes it convenient for consumers to access eye care products and services at their local pharmacies. Additionally, the healthcare system in Benelux is well-developed, with a strong emphasis on preventive care. This encourages consumers to prioritize their eye health and seek out eye care products and services at pharmacies. Underlying macroeconomic factors are also contributing to the growth of the Eye Care (Pharmacies) market in Benelux. The region has a stable economy, which has led to increased consumer spending power. As a result, consumers are more willing to invest in eye care products and services. Furthermore, the aging population in Benelux is driving the demand for eye care products and services. As people age, they are more likely to experience vision problems and require assistance in maintaining good eye health. In conclusion, the Eye Care (Pharmacies) market in Benelux is experiencing growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Consumers in Benelux are increasingly concerned about their eye health and are seeking out eye care products and services at pharmacies. Trends such as digital eye strain and the demand for natural products are also driving the growth of the market. The high population density and well-developed healthcare system in Benelux make it convenient for consumers to access eye care products and services. Finally, the stable economy and aging population in Benelux are contributing 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.