Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in CIS is witnessing significant growth and development, driven by various factors such as increasing customer preferences for eye care products, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care (Pharmacies) market in CIS are shifting towards a greater focus on preventive eye care and a demand for high-quality products. Customers are becoming more aware of the importance of maintaining good eye health and are actively seeking products that can help prevent eye diseases and improve vision. This has led to an increased demand for products such as eye drops, contact lens solutions, and vitamins specifically formulated for eye health. Trends in the market are also playing a significant role in the development of the Eye Care (Pharmacies) market in CIS. One of the key trends is the growing popularity of online pharmacies, which offer a convenient and accessible way for customers to purchase eye care products. Online pharmacies provide a wide range of products at competitive prices, making it easier for customers to find and purchase the products they need. Additionally, the rise of e-commerce platforms has also contributed to the growth of the market, as customers can now easily compare prices and reviews before making a purchase. Local special circumstances in CIS, such as the increasing prevalence of eye diseases and aging population, are also driving the growth of the Eye Care (Pharmacies) market. The region is experiencing a rise in the number of individuals suffering from eye-related conditions, including dry eyes, cataracts, and glaucoma. As a result, there is a growing demand for eye care products and services, creating opportunities for pharmacies to expand their offerings and cater to the needs of the population. Underlying macroeconomic factors, such as increasing disposable income and improving healthcare infrastructure, are also contributing to the development of the Eye Care (Pharmacies) market in CIS. As the economy continues to grow, more individuals have the financial means to invest in their eye health and purchase eye care products. Additionally, the improving healthcare infrastructure in the region has made eye care services more accessible to the population, leading to an increased demand for related products. In conclusion, the Eye Care (Pharmacies) market in CIS is experiencing significant growth and development due to increasing customer preferences for preventive eye care, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, pharmacies in the region have the opportunity to expand their offerings and cater to 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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