Market Insights Health Pharmacies OTC Products

Eye Care (Pharmacies) - Tajikistan

Tajikistan

Revenue in the Eye Care market is projected to reach US$2.96m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.23%, resulting in a market volume of US$3.47m 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$0.29 are generated in 2024.

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

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Analyst Opinion

The Eye Care (Pharmacies) market in Tajikistan is experiencing steady growth due to increasing customer preferences for convenient and accessible eye care services.

Customer preferences: Customers in Tajikistan are increasingly seeking out eye care services at pharmacies due to the convenience and accessibility they offer. Pharmacies are often located in easily accessible areas and provide a wide range of products and services, making them a convenient choice for customers in need of eye care. Additionally, pharmacies in Tajikistan often have trained pharmacists who can provide basic eye care services and advice, further enhancing their appeal to customers.

Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Tajikistan is the growing demand for over-the-counter eye care products. Customers are increasingly purchasing products such as eye drops, contact lens solutions, and eye vitamins from pharmacies without the need for a prescription. This trend can be attributed to the increasing awareness of the importance of eye health and the availability of a wide range of eye care products in pharmacies. Another trend in the market is the rising popularity of pharmacies that offer specialized eye care services. Some pharmacies in Tajikistan have started offering services such as eye exams, contact lens fittings, and prescription eyewear. These pharmacies have trained optometrists or ophthalmologists on staff to provide comprehensive eye care services. This trend is driven by the increasing demand for professional eye care services and the convenience of accessing them at a pharmacy.

Local special circumstances: Tajikistan is a developing country with a growing population and improving healthcare infrastructure. However, there is still a lack of specialized eye care facilities, especially in rural areas. This has led to an increased reliance on pharmacies for basic eye care services and products. Pharmacies in Tajikistan have recognized this need and have expanded their eye care offerings to meet the demand.

Underlying macroeconomic factors: The Eye Care (Pharmacies) market in Tajikistan is influenced by several macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. This has allowed more people to afford eye care products and services, driving the growth of the market. Additionally, the government of Tajikistan has implemented healthcare reforms to improve access to healthcare services, including eye care. These reforms have contributed to the growth of the Eye Care (Pharmacies) market by increasing awareness and availability of eye care services.

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.