Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Chad is experiencing significant growth and development.
Customer preferences: Customers in Chad are increasingly seeking out eye care products and services at pharmacies due to the convenience and accessibility they offer. Pharmacies are often located in close proximity to residential areas, making it easier for customers to access eye care products and services. Additionally, pharmacies in Chad typically have well-trained staff who can provide guidance and recommendations on eye care products, which is appealing to customers who may not have access to specialized eye care professionals.
Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Chad is the increasing demand for over-the-counter eye care products. Customers are increasingly looking for products such as contact lens solution, eye drops, and eye vitamins to address common eye health issues. This trend can be attributed to a growing awareness of the importance of eye health and the desire for self-care among consumers. Pharmacies in Chad are responding to this trend by expanding their range of eye care products and ensuring they are well-stocked to meet customer demand. Another trend in the market is the rising popularity of prescription eyewear at pharmacies. Customers in Chad are increasingly turning to pharmacies to purchase prescription eyeglasses and contact lenses. This trend can be attributed to the convenience and affordability offered by pharmacies, compared to traditional optical stores. Pharmacies in Chad are capitalizing on this trend by partnering with eye care professionals to offer eye exams and prescription services in-store.
Local special circumstances: Chad is a landlocked country with limited access to specialized eye care services. This has led to a reliance on pharmacies for basic eye care needs. The lack of specialized eye care facilities in the country has created an opportunity for pharmacies to fill this gap and cater to the growing demand for eye care products and services. Additionally, the high prevalence of certain eye conditions, such as dry eyes and allergies, in Chad has further driven the demand for eye care products at pharmacies.
Underlying macroeconomic factors: The growing Eye Care (Pharmacies) market in Chad can be attributed to several underlying macroeconomic factors. Firstly, the country's population is experiencing steady growth, which in turn increases the potential customer base for eye care products and services. Secondly, Chad has been experiencing economic growth in recent years, leading to an increase in disposable income among consumers. This has allowed more individuals to afford eye care products and services, further driving the growth of the market. Lastly, the government of Chad has been taking steps to improve healthcare infrastructure and access to healthcare services, including eye care. This has contributed to an overall increase in awareness and demand for eye care products and services in the country.
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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