Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Western Africa is experiencing significant growth and development.
Customer preferences: Customers in Western Africa have shown a growing interest in eye care products and services. This can be attributed to several factors, including an increasing awareness of the importance of eye health and the availability of a wide range of eye care products in pharmacies. Customers are also becoming more willing to spend on eye care, as they prioritize their overall health and well-being.
Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Western Africa is the rising demand for prescription eyewear. As more people in the region are diagnosed with vision problems, there is a growing need for prescription glasses and contact lenses. This trend is driven by factors such as changing lifestyles, increased screen time, and an aging population. Pharmacies are capitalizing on this trend by expanding their range of prescription eyewear and providing professional eye examinations. Another trend in the market is the increasing popularity of natural and organic eye care products. Customers in Western Africa are becoming more conscious about the ingredients used in the products they use, including those for eye care. This has led to a surge in demand for natural and organic eye drops, eye creams, and other eye care products. Pharmacies are responding to this trend by stocking a wider range of natural and organic products and promoting their benefits to customers.
Local special circumstances: Western Africa has a diverse population with varying eye care needs. Some countries in the region have a high prevalence of eye diseases such as cataracts and glaucoma, which require specialized treatments. Pharmacies in these areas are working closely with eye care specialists and hospitals to ensure that customers have access to the necessary medications and treatments. Additionally, cultural factors such as the use of traditional remedies for eye care also influence customer preferences in certain regions.
Underlying macroeconomic factors: The Eye Care (Pharmacies) market in Western Africa is benefiting from favorable macroeconomic factors. The region has been experiencing steady economic growth, which has resulted in an expanding middle class with higher disposable incomes. This has increased the purchasing power of consumers, allowing them to afford eye care products and services. Furthermore, the growing urbanization in the region has led to an increase in the number of pharmacies, providing greater accessibility to eye care products for customers. In conclusion, the Eye Care (Pharmacies) market in Western Africa is witnessing growth and development due to changing customer preferences, including the increasing demand for prescription eyewear and natural/organic eye care products. Local special circumstances, such as the prevalence of certain eye diseases and cultural factors, also play a role in shaping the market. Favorable macroeconomic factors, such as economic growth and urbanization, further contribute to the market's growth.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
