Market Insights Consumer OTC Pharmaceuticals

Eye Care - Burundi

Burundi

Revenue in the Eye Care market amounts to €188.10k in 2024. The market is expected to grow annually by 5.35% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€1,152m in 2024).
In relation to total population figures, per person revenues of €0.01 are generated in 2024.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Eye Care market in Burundi is experiencing steady growth due to increasing customer preferences for quality eye care products and services.

Customer preferences: Customers in Burundi are increasingly seeking high-quality eye care products and services to address their vision needs. With the rising prevalence of eye conditions such as myopia, hyperopia, and astigmatism, there is a growing demand for corrective eyewear such as glasses and contact lenses. Additionally, there is a strong preference for fashionable eyewear that combines functionality with style. Customers are also seeking comprehensive eye examinations and personalized solutions for their specific vision requirements.

Trends in the market: One of the key trends in the Eye Care market in Burundi is the increasing adoption of digital technology in the production and distribution of eyewear. This includes the use of advanced manufacturing techniques such as 3D printing to create customized eyewear, as well as online platforms that allow customers to conveniently order eyewear from the comfort of their homes. The availability of online eye exams and virtual consultations with optometrists is also gaining popularity, providing customers with convenient access to eye care services. Another trend in the market is the growing awareness of the importance of eye health and preventive care. Customers are becoming more proactive in taking care of their eyes and are seeking regular eye examinations to detect and address any potential issues early on. This trend is supported by the efforts of eye care professionals and organizations to educate the public about the importance of eye health and the various ways to maintain good vision.

Local special circumstances: Burundi, being a low-income country, faces certain challenges in the Eye Care market. Limited access to healthcare facilities and trained eye care professionals can hinder the availability and affordability of eye care services for the population. Additionally, the lack of awareness about eye health and the importance of regular eye examinations may result in delayed or inadequate treatment for eye conditions.

Underlying macroeconomic factors: The overall economic development and stability in Burundi play a significant role in the growth of the Eye Care market. As the country's economy continues to improve, disposable income levels are rising, enabling more individuals to afford eye care products and services. Additionally, the government's focus on improving healthcare infrastructure and services is expected to further enhance the accessibility and affordability of eye care in the country. In conclusion, the Eye Care market in Burundi is witnessing growth driven by customer preferences for high-quality eye care products and services. The adoption of digital technology, increasing awareness of eye health, and efforts to improve healthcare infrastructure are key factors contributing to the development of the market. However, challenges such as limited access to healthcare facilities and low awareness about eye health need to be addressed to ensure the availability and affordability of eye care for all segments of the population.

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.