Market Insights Consumer OTC Pharmaceuticals

Eye Care - United Arab Emirates

United Arab Emirates

Revenue in the Eye Care market amounts to €3.79m in 2024. The market is expected to grow annually by 3.45% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€1,165m in 2024).
In relation to total population figures, per person revenues of €0.39 are generated in 2024.

Key regions: Thailand, Philippines, Indonesia, Canada, United Kingdom

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Eye Care market in United Arab Emirates is experiencing significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care market are shifting towards a greater emphasis on preventative and proactive eye health.

Consumers are becoming more aware of the importance of regular eye examinations and are seeking out products and services that can help them maintain optimal eye health. This has led to an increase in demand for eyeglasses, contact lenses, and other vision correction products. Trends in the Eye Care market are also contributing to its growth in United Arab Emirates.

One notable trend is the increasing adoption of advanced technologies in eye care. This includes the use of digital imaging and diagnostic tools, as well as the integration of artificial intelligence and machine learning in the diagnosis and treatment of eye conditions. These advancements are improving the accuracy and efficiency of eye care services, leading to better outcomes for patients.

Another trend in the market is the growing popularity of cosmetic eye procedures. With the rise of social media and the influence of celebrity culture, there is a greater emphasis on appearance, including the eyes. This has led to an increase in demand for procedures such as eyelid surgery, eyelash extensions, and eyebrow shaping.

The availability of these services in United Arab Emirates has attracted both local and international customers. Local special circumstances in United Arab Emirates are also contributing to the growth of the Eye Care market. The country has a high prevalence of certain eye conditions, such as myopia and dry eye syndrome, which has created a large customer base for eye care products and services.

Additionally, the government has implemented initiatives to promote eye health and raise awareness about the importance of regular eye examinations. This has further fueled the demand for eye care services in the country. Underlying macroeconomic factors are also playing a role in the development of the Eye Care market in United Arab Emirates.

The country has a strong economy and a high disposable income, which allows consumers to spend more on eye care products and services. Additionally, the government has invested in the healthcare sector, including eye care, which has led to the expansion of facilities and the availability of advanced technologies. In conclusion, the Eye Care market in United Arab Emirates is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

The emphasis on preventative and proactive eye health, the adoption of advanced technologies, the popularity of cosmetic eye procedures, the high prevalence of certain eye conditions, and the strong economy are all contributing to the development of the market.

Methodology

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. 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 particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.