Eye Care (Pharmacies) - Italy

  • Italy
  • Revenue in the Eye Care market is projected to reach US$117.30m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.07%, resulting in a market volume of US$122.40m by 2028.
  • In global comparison, most revenue will be generated in Japan (US$904.40m in 2024).
  • In relation to total population figures, per person revenues of US$2.00 are generated in 2024.

Key regions: United Kingdom, Australia, India, Germany, China

 
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Analyst Opinion

The Eye Care (Pharmacies) market in Italy has been experiencing steady growth in recent years. Customer preferences have shifted towards a greater emphasis on eye health and the demand for eye care products has increased. Additionally, there are several trends in the market that are contributing to its development.

Customer preferences:
Italian consumers are becoming more conscious about their eye health and are actively seeking out products that can help maintain and improve their vision. This shift in customer preferences has led to an increased demand for eye care products in pharmacies. Customers are looking for a wide range of products, including contact lenses, eye drops, and vitamins specifically formulated for eye health.

Trends in the market:
One of the main trends in the Eye Care (Pharmacies) market in Italy is the growing popularity of natural and organic eye care products. Consumers are increasingly concerned about the ingredients in the products they use and are opting for more natural alternatives. This trend is driving the development of new and innovative products that cater to this demand. Another trend in the market is the increasing use of technology in eye care. With the rise of digital devices and screens, many Italians are experiencing eye strain and other vision-related issues. As a result, there is a growing demand for products that can help alleviate these problems, such as blue light blocking glasses and eye drops specifically designed for digital device users.

Local special circumstances:
Italy has a high prevalence of age-related eye conditions, such as cataracts and macular degeneration. This has led to a greater awareness of the importance of eye health and a higher demand for products that can help prevent and manage these conditions. Additionally, the country has a large elderly population, which further contributes to the demand for eye care products.

Underlying macroeconomic factors:
The Italian economy has been recovering from a period of stagnation, which has led to increased consumer spending power. This has translated into higher spending on healthcare products, including eye care products. Additionally, the government has implemented policies to support the healthcare sector, which has further boosted the development of the Eye Care (Pharmacies) market in Italy. In conclusion, the Eye Care (Pharmacies) market in Italy is experiencing growth due to shifting customer preferences towards eye health, as well as several trends in the market. The demand for natural and organic eye care products, as well as products that address digital eye strain, is driving the development of new and innovative products. Additionally, the high prevalence of age-related eye conditions and the recovering economy are contributing to the growth of the market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. 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 relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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