Market Insights Consumer OTC Pharmaceuticals

Eye Care - United Kingdom

United Kingdom

Revenue in the Eye Care market amounts to €147.90m in 2024. The market is expected to grow annually by 3.46% (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 €2.18 are generated in 2024.

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

Mercado

Región

Comparación de regiones

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Analyst Opinion

The Eye Care market in United Kingdom is experiencing significant growth and development.

Customer preferences: Customers in the United Kingdom are increasingly prioritizing their eye health, leading to a growing demand for eye care products and services. With the rise in digital consumption and screen time, there is a greater awareness of the need to protect and maintain good eye health. As a result, consumers are seeking out products such as contact lenses, eyeglasses, and eye drops to address their specific eye care needs. Additionally, there is a growing interest in natural and organic eye care products, as consumers become more conscious of the ingredients used in their personal care products.

Trends in the market: One of the key trends in the Eye Care market in the United Kingdom is the increasing popularity of online purchasing. Consumers are turning to e-commerce platforms to conveniently purchase eye care products, as well as to access a wider range of options and competitive prices. This trend is driven by the convenience and ease of online shopping, as well as the availability of customer reviews and recommendations. Another trend in the market is the growing demand for specialized eye care services. As consumers become more aware of the importance of regular eye check-ups, there is an increasing demand for optometrists and ophthalmologists. This is particularly true for the aging population, as age-related eye conditions become more prevalent. Additionally, there is a rising interest in advanced eye care treatments, such as laser eye surgery, as consumers seek long-term solutions for their vision correction needs.

Local special circumstances: The National Health Service (NHS) plays a significant role in the Eye Care market in the United Kingdom. The NHS provides free eye tests for certain groups, such as children, the elderly, and individuals with specific medical conditions. This accessibility to free eye tests encourages regular check-ups and early detection of eye conditions. However, the NHS also faces challenges in meeting the increasing demand for eye care services, leading to longer waiting times and potential delays in treatment.

Underlying macroeconomic factors: The Eye Care market in the United Kingdom is influenced by various macroeconomic factors. The overall economic stability and disposable income levels impact consumers' ability to afford eye care products and services. Additionally, technological advancements and innovations in the eye care industry drive market growth and development. For example, the introduction of new contact lens materials and designs, as well as advancements in laser eye surgery techniques, contribute to the expansion of the market. Furthermore, changing demographics, such as an aging population, also have an impact on the demand for eye care services and products. In conclusion, the Eye Care market in the United Kingdom is experiencing growth and development due to increasing customer preferences for eye health, the rise of online purchasing, the demand for specialized eye care services, the influence of the NHS, and underlying macroeconomic factors. As consumers continue to prioritize their eye health, the market is expected to expand further in the coming years.

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.