Market Insights Consumer OTC Pharmaceuticals

Eye Care - Ireland

Ireland

Revenue in the Eye Care market amounts to US$13.61m in 2024. The market is expected to grow annually by 2.31% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$1,256m in 2024).
In relation to total population figures, per person revenues of US$2.67 are generated in 2024.

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

Market

Region

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Currency

Analyst Opinion

The Eye Care market in Ireland is experiencing significant growth due to changing customer preferences and increasing demand for eye care products and services. Customer preferences in the Eye Care market are shifting towards a more proactive approach to 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 good eye health. This has led to an increase in demand for products such as contact lenses, eyeglasses, and eye drops. Additionally, there is a growing interest in natural and organic eye care products, as consumers become more conscious of the ingredients they put in and around their eyes.

Trends in the market reflect these changing preferences. Optometrists and ophthalmologists are seeing an increase in the number of patients seeking eye exams and consultations. This has led to a rise in the number of eye care clinics and opticians across the country.

In addition, there has been a surge in online sales of eye care products, as consumers look for convenience and competitive prices. This trend is expected to continue as more people embrace online shopping. Local special circumstances in Ireland contribute to the growth of the Eye Care market.

The country has a high prevalence of eye conditions such as myopia and age-related macular degeneration, which require regular monitoring and treatment. The aging population in Ireland is also driving demand for eye care services, as older adults are more likely to develop eye-related conditions. Furthermore, the government has implemented policies to increase access to eye care services, including the provision of free eye exams for children and older adults.

These initiatives have encouraged more people to seek regular eye care and have contributed to the growth of the market. Underlying macroeconomic factors also play a role in the development of the Eye Care market in Ireland. The country has experienced steady economic growth in recent years, leading to higher disposable incomes and increased consumer spending.

This has allowed people to allocate more of their budget to eye care products and services. Additionally, advancements in technology and medical research have led to the development of innovative eye care solutions, further driving market growth. Overall, the Eye Care market in Ireland is expanding due to changing customer preferences, increasing demand for eye care products and services, local special circumstances, and underlying macroeconomic factors.

As awareness of the importance of eye health continues to grow, the market is expected to see sustained growth 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.