Eye Care (Pharmacies) - Romania

  • Romania
  • Revenue in the Eye Care market is projected to reach US$19.32m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.43%, resulting in a market volume of US$22.87m 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$0.98 are generated in 2024.

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

 
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Analyst Opinion

The Eye Care (Pharmacies) market in Romania is experiencing significant growth and development. Customer preferences are shifting towards a greater emphasis on eye health, leading to increased demand for eye care products and services. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the market's expansion. Customer preferences in the Eye Care (Pharmacies) market in Romania are evolving to prioritize eye health. As the population becomes more aware of the importance of maintaining good eye health, there is a growing demand for products and services that cater to this need. Consumers are seeking out a wide range of eye care products, including contact lenses, prescription glasses, and over-the-counter eye drops. They are also increasingly turning to pharmacies for professional advice and guidance on eye health. Trends in the market reflect this customer preference for eye health. Pharmacies in Romania are expanding their eye care offerings to meet the growing demand. They are stocking a wider range of eye care products and partnering with optometrists and ophthalmologists to provide comprehensive eye care services. This trend is driven by the desire to offer customers a convenient one-stop solution for all their eye care needs. Local special circumstances in Romania are also contributing to the development of the Eye Care (Pharmacies) market. The country has a high prevalence of certain eye conditions, such as myopia and presbyopia, which require ongoing management and treatment. This creates a steady demand for eye care products and services. Additionally, the aging population in Romania is driving the need for specialized eye care for age-related conditions such as cataracts and macular degeneration. Underlying macroeconomic factors further support the growth of the Eye Care (Pharmacies) market in Romania. The country has experienced steady economic growth in recent years, leading to increased disposable income among consumers. This allows them to allocate a larger portion of their budget towards eye care, including purchasing higher quality products and seeking professional eye care services. Furthermore, the government has implemented policies to improve access to healthcare services, including eye care, which has made these services more affordable and accessible to a wider population. In conclusion, the Eye Care (Pharmacies) market in Romania is experiencing growth and development driven by shifting customer preferences towards eye health, expanding product offerings and services in pharmacies, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, there are opportunities for businesses to cater to the growing demand for eye care products and services in Romania.

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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