Eye Care (Pharmacies) - Czechia

Czechia

Highlights

Revenue in the Eye Care market is projected to reach US$15.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.36%, resulting in a market volume of US$17.87m 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$1.51 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care (Pharmacies) market in Czechia is experiencing steady growth due to changing customer preferences and increasing awareness about eye health. Customer preferences in the Eye Care (Pharmacies) market in Czechia are shifting towards a greater focus on preventive care and overall eye health. Customers are becoming more proactive in taking care of their eyes and are seeking products that can help them maintain good vision and prevent eye-related problems. This shift in preferences is driven by a growing awareness about the importance of eye health and the impact of digital devices on vision. As a result, customers are increasingly looking for products such as eye drops, contact lens solutions, and vitamins specifically designed to support eye health. Trends in the Eye Care (Pharmacies) market in Czechia include the rising popularity of natural and organic eye care products. Customers are becoming more conscious about the ingredients used in eye care products and are opting for natural and organic alternatives. This trend is driven by a desire for safer and more sustainable options, as well as a growing preference for products that align with a healthy and environmentally friendly lifestyle. As a result, pharmacies in Czechia are expanding their range of natural and organic eye care products to cater to this demand. Another trend in the Eye Care (Pharmacies) market in Czechia is the increasing availability of online shopping options. Customers are increasingly turning to online platforms to purchase eye care products due to the convenience and wide range of options available. Online pharmacies and e-commerce platforms are capitalizing on this trend by offering a seamless shopping experience and providing detailed product information to help customers make informed decisions. This shift towards online shopping is driving pharmacies in Czechia to invest in their online presence and optimize their digital platforms to meet customer expectations. Local special circumstances in the Eye Care (Pharmacies) market in Czechia include the presence of a well-established healthcare system and a high level of healthcare awareness among the population. Czechia has a strong healthcare infrastructure, with a network of pharmacies that are easily accessible to the public. This accessibility, coupled with a high level of healthcare awareness, creates a favorable environment for the growth of the Eye Care (Pharmacies) market. Furthermore, the government in Czechia has implemented policies to promote preventive care and healthy lifestyle choices, which further support the growth of the Eye Care (Pharmacies) market. Underlying macroeconomic factors that contribute to the growth of the Eye Care (Pharmacies) market in Czechia include a stable economy and increasing disposable income. Czechia has experienced steady economic growth in recent years, which has led to an increase in disposable income. As a result, customers have more purchasing power and are willing to invest in their eye health. Additionally, the aging population in Czechia is driving the demand for eye care products, as older individuals are more prone to eye-related problems and require specialized care. In conclusion, the Eye Care (Pharmacies) market in Czechia is developing due to changing customer preferences, increasing awareness about eye health, and the presence of a well-established healthcare system. The market is characterized by a shift towards preventive care, the rising popularity of natural and organic products, and the increasing availability of online shopping options. These trends are supported by local special circumstances, such as a strong healthcare infrastructure and a high level of healthcare awareness. Additionally, underlying macroeconomic factors, such as a stable economy and increasing disposable income, contribute 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.