Market Insights Health OTC Pharmaceuticals

Eye Care - Romania

Romania

In Romania, the Eye Care market market generates a revenue of US$20.72m in 2024.
It is projected to experience an annual growth rate of 4.11% (CAGR 2024-2029).
When compared globally, the in the United States leads in revenue generation with US$1,256.00m in 2024.
In terms of per capita revenues, each individual in Romania contributes US$1.06 in 2024.
The eye care market in Romania is witnessing a surge in demand for OTC pharmaceuticals, driven by increasing awareness about eye health and aging population.

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

Market

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Currency

Analyst Opinion

The Eye Care market in Romania has been experiencing significant growth in recent years.

Customer preferences: Customers in Romania are increasingly prioritizing their eye health and are willing to invest in high-quality eye care products and services. With the growing awareness about the importance of regular eye check-ups and the prevalence of eye-related disorders, consumers are seeking out innovative solutions to address their eye care needs. They are looking for products that offer convenience, comfort, and long-lasting results. Additionally, customers are also becoming more conscious about the environmental impact of their purchases, leading to a rise in demand for sustainable and eco-friendly eye care products.

Trends in the market: One of the key trends in the Eye Care market in Romania is the growing popularity of contact lenses. Contact lenses offer a convenient and comfortable alternative to traditional eyeglasses, and they are increasingly being embraced by consumers of all ages. The market is witnessing a shift towards the use of daily disposable lenses, as they provide better hygiene and convenience. Moreover, advancements in technology have led to the development of contact lenses that correct various vision problems, such as astigmatism and presbyopia, further driving their demand.Another trend in the market is the increasing adoption of digital eye care solutions. With the widespread use of digital devices such as smartphones, tablets, and computers, there has been a rise in the number of people experiencing digital eye strain and other vision-related issues. As a result, consumers are seeking out products and services that can alleviate these problems. The market is witnessing the emergence of innovative solutions such as blue light-blocking glasses and eye drops specifically designed to combat digital eye strain.

Local special circumstances: Romania has a large aging population, which is driving the demand for eye care products and services. As people age, their vision tends to deteriorate, leading to an increased need for prescription eyewear and eye treatments. Additionally, Romania has a high prevalence of certain eye conditions, such as cataracts and glaucoma, which further contribute to the demand for eye care services. The government has recognized the importance of addressing these issues and has implemented initiatives to improve access to eye care services, particularly for the elderly and low-income individuals.

Underlying macroeconomic factors: The improving economic conditions in Romania have played a significant role in the growth of the Eye Care market. As disposable incomes have increased, consumers have more purchasing power to invest in eye care products and services. Additionally, the growing middle class in the country has led to a higher demand for premium eye care products. Furthermore, the increasing urbanization and changing lifestyles have also contributed to the growth of the market, as urban dwellers are more likely to prioritize their eye health and have easier access to eye care facilities.

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.