Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Kuwait has been experiencing significant growth in recent years.
Customer preferences: Customers in Kuwait have shown a growing preference for eye care products and services, leading to an increase in demand for eye care products in pharmacies. This can be attributed to a number of factors, including an aging population, increasing awareness about eye health, and a rise in the prevalence of eye-related disorders and conditions. Additionally, customers in Kuwait are becoming more conscious about their appearance and are increasingly seeking out cosmetic eye care products such as colored contact lenses and eyelash growth serums.
Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Kuwait is the increasing availability of a wide range of eye care products in pharmacies. Pharmacies in Kuwait have expanded their product offerings to include a variety of eye care products such as contact lenses, eye drops, and eye supplements. This trend can be attributed to the growing demand for these products and the increasing competition among pharmacies to attract customers. Additionally, pharmacies are also offering services such as eye exams and consultations with optometrists, further driving the growth of the market. Another trend in the market is the growing popularity of online pharmacies. Online pharmacies have gained traction in Kuwait due to their convenience and accessibility. Customers can now easily purchase eye care products online and have them delivered to their doorstep. This trend has led to increased competition among pharmacies, as they strive to provide a seamless online shopping experience and attract customers with competitive prices and promotions.
Local special circumstances: Kuwait has a high prevalence of eye-related disorders and conditions, which has contributed to the growth of the Eye Care (Pharmacies) market. Factors such as dry and dusty weather conditions, exposure to sunlight, and a high prevalence of diabetes have led to an increase in eye problems among the population. As a result, there is a growing need for eye care products and services, driving the growth of the market.
Underlying macroeconomic factors: The Eye Care (Pharmacies) market in Kuwait is also influenced by underlying macroeconomic factors. Kuwait has a high per capita income and a strong healthcare infrastructure, which enables customers to afford and access eye care products and services. Additionally, the government of Kuwait has been actively promoting healthcare and wellness initiatives, which has further contributed to the growth of the market. The stable political and economic environment in Kuwait has also attracted international eye care brands to enter the market, thereby increasing competition and driving market growth.
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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