Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Uruguay has seen significant growth in recent years, driven by changing customer preferences and trends in the market.
Customer preferences: Customers in Uruguay are becoming increasingly aware of the importance of eye care and are seeking out products and services that can help them maintain good eye health. There is a growing demand for a wide range of eye care products, including contact lenses, prescription glasses, and over-the-counter eye drops. Customers are also looking for convenient and accessible options for purchasing these products, which has led to a rise in the number of eye care products available in pharmacies across the country.
Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Uruguay is the increasing popularity of contact lenses. Contact lenses offer a convenient and comfortable alternative to traditional glasses, and many customers are opting for this option. This trend is driven by factors such as improved technology, a wider range of options, and a growing acceptance of contact lenses as a viable vision correction option. Another trend in the market is the rising demand for prescription glasses. As the population ages, the prevalence of vision problems such as presbyopia and myopia is increasing. This has led to a greater need for prescription glasses, and pharmacies are responding to this demand by offering a wide range of frames and lenses to cater to different needs and preferences.
Local special circumstances: Uruguay has a well-developed healthcare system, which includes a strong network of pharmacies that play a vital role in providing access to essential healthcare products and services. Pharmacies in Uruguay are highly regulated and are required to meet certain standards in terms of the products they offer and the services they provide. This ensures that customers can trust the quality and safety of the eye care products they purchase from pharmacies.
Underlying macroeconomic factors: Uruguay has experienced steady economic growth in recent years, which has contributed to the increasing purchasing power of consumers. As a result, more people are able to afford eye care products and services, leading to a higher demand in the market. Additionally, the government has implemented policies to promote access to healthcare, including eye care services, which has further boosted the market. In conclusion, the Eye Care (Pharmacies) market in Uruguay is growing due to changing customer preferences, including the increasing popularity of contact lenses and the rising demand for prescription glasses. The market is also supported by a well-developed healthcare system and favorable macroeconomic factors. As the importance of eye care continues to be recognized, the market is expected to continue its growth trajectory in the coming years.
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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