Market Insights Health Pharmacies OTC Products

Eye Care (Pharmacies) - Slovenia

Slovenia

Revenue in the Eye Care market is projected to reach US$2.88m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.25%, resulting in a market volume of US$3.38m 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$1.36 are generated in 2024.

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

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Analyst Opinion

The Eye Care (Pharmacies) market in Slovenia is experiencing steady growth due to several factors.

Customer preferences: Customers in Slovenia have a strong preference for eye care products that are convenient and easily accessible. They value the convenience of being able to purchase eye care products from their local pharmacies, as it saves them time and effort. Additionally, customers in Slovenia tend to trust the expertise of pharmacists when it comes to eye care products, as they are seen as knowledgeable and reliable sources of information. This preference for convenience and trust in pharmacists has contributed to the growth of the Eye Care (Pharmacies) market in Slovenia.

Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Slovenia is the increasing demand for contact lenses. Contact lenses provide a convenient and comfortable alternative to traditional eyeglasses, and they are becoming increasingly popular among customers in Slovenia. This trend is driven by factors such as changing fashion trends, increased awareness about the benefits of contact lenses, and advancements in technology that have made contact lenses more comfortable and easier to use. Another trend in the market is the growing demand for eye drops and other eye care products. Eye drops are used to treat various eye conditions, such as dry eyes and allergies, and they are widely available in pharmacies in Slovenia. The increasing prevalence of eye conditions, coupled with the growing awareness about the importance of eye health, has led to a higher demand for eye drops and other eye care products.

Local special circumstances: In Slovenia, the healthcare system is well-developed and accessible to all citizens. The government provides universal healthcare coverage, which includes coverage for eye care services and products. This has made eye care products more affordable and accessible to the general population, contributing to the growth of the Eye Care (Pharmacies) market in Slovenia.

Underlying macroeconomic factors: Slovenia has a stable and growing economy, which has positively influenced the Eye Care (Pharmacies) market. As the economy continues to grow, consumers have more disposable income to spend on healthcare products, including eye care products. This has led to an increase in demand for eye care products in pharmacies. In conclusion, the Eye Care (Pharmacies) market in Slovenia is growing due to customer preferences for convenience and trust in pharmacists, as well as trends such as the increasing demand for contact lenses and eye drops. The well-developed healthcare system and stable economy in Slovenia have also contributed to the growth 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.