Eye Care (Pharmacies) - Oman

  • Oman
  • Revenue in the Eye Care market is projected to reach US$2.70m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.80%, resulting in a market volume of US$3.10m by 2029.
  • In global comparison, most revenue will be generated in Japan (US$904.40m in 2024).
  • In relation to total population figures, per person revenues of US$0.57 are generated in 2024.

Key regions: Canada, Europe, India, Australia, South Korea

 
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Analyst Opinion

The Eye Care (Pharmacies) market in Oman has been experiencing significant growth in recent years, driven by changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care (Pharmacies) market in Oman have shifted towards a greater emphasis on preventive eye care. Customers are becoming more aware of the importance of maintaining good eye health and are seeking products and services that can help them achieve this. This has led to an increased demand for products such as contact lenses, eye drops, and vitamins and supplements specifically designed to support eye health. Additionally, customers are also looking for convenient and accessible eye care solutions, leading to a rise in the popularity of online pharmacies and home delivery services. Trends in the market indicate a growing focus on innovation and technology. The Eye Care (Pharmacies) market in Oman has witnessed the introduction of advanced diagnostic and treatment options, such as digital retinal imaging and laser eye surgery. These advancements have not only improved the accuracy and efficiency of eye care services but have also contributed to the overall growth of the market. Furthermore, the market has also seen an increase in the availability of specialized eye care products, such as blue light blocking glasses and eye protection for screen time, reflecting the changing lifestyle habits of customers. Local special circumstances, such as the high prevalence of certain eye conditions and diseases, have also contributed to the development of the Eye Care (Pharmacies) market in Oman. The country has a relatively high incidence of conditions such as cataracts and glaucoma, which has created a demand for specialized treatments and medications. Additionally, the aging population in Oman has also led to an increased need for eye care services, as older individuals are more prone to developing age-related eye conditions. Underlying macroeconomic factors, such as population growth and increasing disposable incomes, have played a significant role in the growth of the Eye Care (Pharmacies) market in Oman. A growing population, coupled with rising awareness about eye health, has resulted in a larger customer base for eye care products and services. Moreover, increasing disposable incomes have allowed customers to spend more on their eye care needs, leading to higher sales and revenue for pharmacies in the country. In conclusion, the Eye Care (Pharmacies) market in Oman is developing due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The emphasis on preventive eye care, the adoption of innovative technologies, the presence of certain eye conditions, and population growth with increasing disposable incomes are all contributing to the growth and expansion of the market.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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