Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Mozambique has been experiencing significant growth in recent years. This can be attributed to several factors, including changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Customers in Mozambique are increasingly prioritizing their eye health and seeking out convenient and accessible solutions. As a result, there has been a growing demand for eye care products and services in pharmacies. Customers are looking for a wide range of options, including prescription glasses, contact lenses, and over-the-counter eye drops. They also value personalized advice and recommendations from trained pharmacists who can help them choose the right products for their specific needs.
Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Mozambique is the increasing availability of affordable and high-quality eye care products. This has been driven by advancements in manufacturing technology and increased competition among suppliers. As a result, customers now have access to a wider range of options at different price points, making eye care more accessible to a larger segment of the population. Another trend in the market is the rising popularity of online pharmacies. Customers are increasingly turning to online platforms to purchase eye care products, as it offers convenience and a wider selection of products. Online pharmacies also often provide detailed product information and customer reviews, helping customers make informed decisions. This trend is expected to continue as more people in Mozambique gain access to the internet and become comfortable with online shopping.
Local special circumstances: Mozambique is a country with a high prevalence of eye health issues, including refractive errors, cataracts, and glaucoma. This has created a significant demand for eye care products and services. However, access to specialized eye care providers is limited in many parts of the country, especially in rural areas. Pharmacies play a crucial role in bridging this gap by providing basic eye care services and products to customers who may not have access to eye care specialists.
Underlying macroeconomic factors: The Eye Care (Pharmacies) market in Mozambique is also influenced by underlying macroeconomic factors. The country has been experiencing steady economic growth, which has led to an increase in disposable income among the population. This has resulted in a higher demand for healthcare products and services, including eye care. Additionally, the government has been investing in the healthcare sector, including eye care services, which has further contributed to the growth of the market. In conclusion, the Eye Care (Pharmacies) market in Mozambique is developing due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customers are seeking convenient and accessible eye care solutions, leading to a growing demand for eye care products and services in pharmacies. The market is also witnessing trends such as the availability of affordable and high-quality eye care products and the rise of online pharmacies. Furthermore, the high prevalence of eye health issues in Mozambique and limited access to specialized eye care providers contribute to the importance of pharmacies in providing basic eye care services. The growth of the market is also supported by Mozambique's steady economic growth and government investments in the healthcare sector.
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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