Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in G7 countries is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances.
Customer preferences: Customers in G7 countries are increasingly prioritizing their eye health and seeking convenient and accessible solutions. They prefer to purchase eye care products from pharmacies due to the wide range of options available and the expertise of pharmacists in providing advice and recommendations. Additionally, customers appreciate the convenience of being able to purchase eye care products alongside other healthcare and personal care items in one location.
Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in G7 countries is the growing demand for natural and organic eye care products. Customers are becoming more conscious about the ingredients used in the products they use and are opting for natural alternatives. This trend is driven by a desire for safer and more sustainable options, as well as a growing awareness of the potential side effects of certain chemicals used in traditional eye care products. Another trend in the market is the increasing popularity of digital eye care solutions. With the rise of digital devices and prolonged screen time, customers are experiencing more eye strain and are seeking products that can alleviate their symptoms. This has led to a growing demand for products such as blue light-blocking glasses and eye drops specifically formulated for digital eye strain. Pharmacies are well-positioned to cater to this demand and offer a range of digital eye care solutions.
Local special circumstances: Each G7 country has its own unique set of local special circumstances that impact the Eye Care (Pharmacies) market. For example, in the United States, the aging population and the prevalence of chronic eye conditions like cataracts and glaucoma are driving the demand for eye care products. In Japan, where the population is known for its longevity, there is a high demand for innovative eye care solutions that can address age-related vision problems.
Underlying macroeconomic factors: The Eye Care (Pharmacies) market in G7 countries is also influenced by underlying macroeconomic factors. The overall economic growth in these countries has led to increased disposable income, allowing customers to spend more on eye care products. Additionally, the growing importance placed on personal well-being and self-care has contributed to the demand for eye care products. In conclusion, the Eye Care (Pharmacies) market in G7 countries is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customers are increasingly seeking convenient and accessible solutions for their eye care needs, leading to a preference for purchasing eye care products from pharmacies. The market is also witnessing trends such as the demand for natural and organic products and digital eye care solutions. Each G7 country has its own unique set of local special circumstances that impact the market, and underlying macroeconomic factors such as economic growth and the emphasis on personal well-being also contribute to the market's development.
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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