Market Insights Health OTC Pharmaceuticals

Eye Care - Brunei Darussalam

Brunei Darussalam

In Brunei Darussalam, the revenue in the Eye Care market market reached US$124.10k in 2024.
It is projected to experience an annual growth rate of 2.28% (CAGR 2024-2029).
When compared to other countries worldwide, the in the United States leads the market with a revenue of US$1,256.00m in 2024.
In terms of per capita figures, the revenue generated per person in 2024 amounts to US$0.27.
Brunei Darussalam's eye care market is experiencing a surge in demand for OTC pharmaceutical products due to increasing awareness and focus on preventive healthcare.

Key regions: Australia, Japan, Brazil, United States, Europe

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Analyst Opinion

The Eye Care market in Brunei Darussalam is developing at a steady pace, driven by changing customer preferences and trends in the market. Customer preferences in the Eye Care market in Brunei Darussalam are shifting towards a greater emphasis on preventive and proactive eye care. Customers are becoming more aware of the importance of regular eye check-ups and are seeking products and services that can help them maintain good eye health. This trend is driven by a growing aging population and increased awareness about the potential risks and consequences of eye-related diseases. In addition to preventive eye care, customers in Brunei Darussalam are also showing a preference for innovative and technologically advanced eye care products. This includes products such as contact lenses, which offer convenience and improved vision correction, as well as smart glasses and other wearable devices that can monitor and track eye health. Trends in the Eye Care market in Brunei Darussalam also reflect global and regional market developments. For example, there is a growing demand for natural and organic eye care products, as customers become more conscious about the ingredients and chemicals used in their personal care products. This trend is also driven by an increasing focus on sustainability and environmental responsibility. Local special circumstances in Brunei Darussalam, such as the country's high disposable income and strong healthcare infrastructure, contribute to the development of the Eye Care market. With a relatively affluent population, customers in Brunei Darussalam have the means to invest in high-quality eye care products and services. The country's well-developed healthcare system also ensures that customers have access to a wide range of eye care options, including specialized clinics and hospitals. Underlying macroeconomic factors, such as the country's stable economic growth and favorable business environment, further support the development of the Eye Care market in Brunei Darussalam. The government's focus on healthcare and wellness initiatives also plays a role in driving the growth of the market. Overall, the Eye Care market in Brunei Darussalam is experiencing positive growth, driven by changing customer preferences, global and regional market trends, local special circumstances, and underlying macroeconomic factors. As customers become more aware of the importance of eye health and seek innovative and technologically advanced products, the market is expected to continue to develop 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.