Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Northern Africa is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences play a crucial role in the growth of the Eye Care (Pharmacies) market in Northern Africa. Customers are increasingly aware of the importance of eye health and are seeking convenient and accessible solutions. Pharmacies provide a convenient option for customers to access eye care products and services without the need for a doctor's appointment. This preference for convenience and accessibility is driving the demand for eye care products in pharmacies. Trends in the market further support the growth of the Eye Care (Pharmacies) market in Northern Africa. The market is witnessing an increase in the availability and variety of eye care products in pharmacies. This includes a wide range of over-the-counter products such as eye drops, contact lens solutions, and eye vitamins. Additionally, pharmacies are offering services such as eye screenings and consultations with optometrists, further enhancing their appeal to customers. These trends reflect the growing recognition of the importance of preventive eye care and the increasing role of pharmacies in providing such services. Local special circumstances also contribute to the development of the Eye Care (Pharmacies) market in Northern Africa. In many countries in the region, there is a shortage of ophthalmologists and limited access to specialized eye care clinics. Pharmacies, on the other hand, are more widely distributed and accessible, making them an attractive option for customers seeking eye care solutions. The presence of trained pharmacists who can provide guidance and recommendations on eye care products further adds to the appeal of pharmacies. Underlying macroeconomic factors also play a role in the growth of the Eye Care (Pharmacies) market in Northern Africa. The region is experiencing economic growth, which has led to an increase in disposable income and improved living standards for many individuals. As a result, people are more willing to spend on their health and well-being, including eye care. The growing middle class in Northern Africa is driving the demand for eye care products and services, creating opportunities for pharmacies to expand their offerings. In conclusion, the Eye Care (Pharmacies) market in Northern Africa is developing due to customer preferences for convenience and accessibility, trends in the market such as the availability of a wide range of eye care products and services, local special circumstances such as the shortage of specialized eye care clinics, and underlying macroeconomic factors such as economic growth and increased disposable income. These factors collectively contribute to the positive growth and development of the Eye Care (Pharmacies) market in Northern Africa.
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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