Eye Care (Pharmacies) - Haiti

Haiti

Highlights

Revenue in the Eye Care market is projected to reach US$6.63m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.65%, resulting in a market volume of US$7.20m 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$0.56 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Eye Care (Pharmacies) market in Haiti is experiencing significant growth due to increasing customer preferences for convenient and accessible eye care services.

Customer preferences: Customers in Haiti are increasingly seeking eye care services from 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 services without having to travel long distances. Additionally, pharmacies are known for their extended operating hours, allowing customers to seek eye care services at their convenience, even outside of regular clinic hours. This flexibility is particularly appealing to customers with busy schedules or those who require immediate attention for eye-related issues.

Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Haiti is the growing demand for over-the-counter eye care products. Customers are increasingly purchasing products such as contact lenses, eye drops, and eye vitamins directly from pharmacies without the need for a prescription. This trend can be attributed to the increasing awareness about the importance of eye health and the availability of affordable and effective eye care products in pharmacies. Another trend in the market is the emergence of specialized eye care services within pharmacies. Some pharmacies in Haiti are now offering specialized eye care services such as vision screenings, eye exams, and fitting of contact lenses. This trend is driven by the growing demand for comprehensive eye care services and the desire for a one-stop solution for all eye care needs.

Local special circumstances: Haiti is a country with limited access to healthcare facilities, especially in rural areas. This has led to a significant reliance on pharmacies for basic healthcare services, including eye care. The lack of specialized eye care clinics and ophthalmologists in many parts of the country has further fueled the demand for eye care services in pharmacies.

Underlying macroeconomic factors: The Eye Care (Pharmacies) market in Haiti is also influenced by underlying macroeconomic factors. The country has been experiencing economic growth in recent years, resulting in an increase in disposable income among the population. This has led to a higher demand for healthcare services, including eye care. Additionally, the government of Haiti has been actively promoting the development of the healthcare sector, which has further contributed to the growth of the Eye Care (Pharmacies) market. In conclusion, the Eye Care (Pharmacies) market in Haiti is experiencing growth due to increasing customer preferences for convenient and accessible eye care services. The demand for over-the-counter eye care products and specialized eye care services within pharmacies is on the rise. Limited access to healthcare facilities and the underlying macroeconomic factors in Haiti are also 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.