Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Laos is experiencing steady growth due to increasing customer preferences for eye care products, emerging market trends, and local special circumstances. Customer preferences in Laos are shifting towards a greater focus on eye health and the demand for eye care products is on the rise. This can be attributed to several factors such as the aging population, increased awareness about the importance of eye health, and changing lifestyles. As people age, the risk of developing eye-related conditions such as cataracts and glaucoma increases, leading to a greater need for eye care products. Additionally, the growing use of digital devices and prolonged screen time has also contributed to an increased demand for products that alleviate eye strain and protect against blue light. Trends in the market indicate a growing interest in natural and organic eye care products. Consumers are becoming more conscious of the ingredients used in their products and are seeking out options that are free from harmful chemicals. This trend is in line with the global shift towards natural and sustainable products, reflecting a growing awareness of the potential health risks associated with certain synthetic ingredients. As a result, there is a growing market for natural eye drops, herbal remedies, and organic eye care products in Laos. Local special circumstances also play a role in the development of the Eye Care (Pharmacies) market in Laos. The country's healthcare infrastructure is still developing, and access to specialized eye care services may be limited in certain areas. As a result, pharmacies play a crucial role in providing essential eye care products to the population. Pharmacies are often the first point of contact for individuals seeking eye care solutions, and they serve as a convenient and accessible source for a range of eye care products. Underlying macroeconomic factors also contribute to the growth of the Eye Care (Pharmacies) market in Laos. The country's economy has been steadily growing in recent years, resulting in an increase in disposable income and improved living standards. As a result, consumers have more purchasing power and are willing to spend on products that enhance their overall well-being, including eye care products. This growing middle class, coupled with an expanding urban population, creates a favorable market environment for the Eye Care (Pharmacies) industry. In conclusion, the Eye Care (Pharmacies) market in Laos is developing due to changing customer preferences, emerging market trends, local special circumstances, and underlying macroeconomic factors. As the population becomes more aware of the importance of eye health and the demand for natural and organic products increases, the market is expected to continue growing in the coming years. Pharmacies will play a crucial role in meeting the growing demand for eye care products and providing accessible solutions to the population.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
