Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in South America is experiencing significant growth and development. Customer preferences in the Eye Care (Pharmacies) market in South America are driven by increasing awareness about eye health and the importance of regular eye check-ups. Customers are seeking convenient and accessible solutions for their eye care needs, which has led to a rise in demand for eye care products and services in pharmacies. Trends in the market include the increasing availability of a wide range of eye care products in pharmacies, including prescription and over-the-counter medications, contact lenses, and eye care accessories. Pharmacies are also offering services such as eye exams and consultations with optometrists, making it more convenient for customers to access comprehensive eye care in one location. Local special circumstances in South America, such as a growing aging population and increasing prevalence of eye conditions like cataracts and glaucoma, are contributing to the growth of the Eye Care (Pharmacies) market. Additionally, the high cost of eye care services in specialized clinics and hospitals is driving customers to seek more affordable options in pharmacies. Underlying macroeconomic factors, such as rising disposable incomes and increasing healthcare expenditure, are also fueling the growth of the Eye Care (Pharmacies) market in South America. As people have more money to spend on healthcare, they are prioritizing their eye health and are willing to invest in products and services that can help them maintain good vision. In conclusion, the Eye Care (Pharmacies) market in South America is developing rapidly due to customer preferences for convenient and accessible eye care solutions, the availability of a wide range of eye care products and services in pharmacies, local special circumstances such as an aging population and increasing prevalence of eye conditions, and underlying macroeconomic factors such as rising disposable incomes and increasing healthcare expenditure.
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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