Market Insights Consumer OTC Pharmaceuticals

Eye Care - Iran

Iran

Revenue in the Eye Care market amounts to €16.47 in 2024. The market is expected to grow annually by 2.34% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€1,165 in 2024).
In relation to total population figures, per person revenues of €0.18 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 Iran is experiencing significant growth and development due to several factors.

Customer preferences: Customers in Iran are increasingly prioritizing their eye health and seeking out eye care products and services. This can be attributed to a growing awareness of the importance of maintaining good eye health and the increasing prevalence of eye-related conditions and diseases. As a result, there is a higher demand for products such as contact lenses, eyeglasses, and eye drops, as well as services like eye exams and surgeries.

Trends in the market: One of the key trends in the Eye Care market in Iran is the adoption of advanced technologies and treatments. With advancements in medical technology, there are now more options available for treating various eye conditions and diseases. This includes the use of laser technology for vision correction surgeries, the development of innovative contact lens materials, and the introduction of new eye drops and medications. These advancements are driving the growth of the market as customers seek out the latest and most effective solutions for their eye health needs. Another trend in the market is the increasing availability and accessibility of eye care products and services. There has been a significant expansion of eye care clinics and optical stores across the country, making it easier for customers to access the products and services they need. Additionally, there has been a rise in online platforms and e-commerce websites that offer a wide range of eye care products, providing customers with more convenience and choice.

Local special circumstances: Iran has a relatively young population, with a large proportion of the population under the age of 30. This demographic trend is contributing to the growth of the Eye Care market as younger people are more likely to prioritize their eye health and seek out eye care products and services. Additionally, the increasing urbanization and modernization of the country have led to lifestyle changes that can impact eye health, such as increased screen time and exposure to environmental factors.

Underlying macroeconomic factors: The Eye Care market in Iran is also influenced by macroeconomic factors such as the overall economic growth of the country and the disposable income of consumers. As the economy continues to grow, consumers have more purchasing power and are willing to spend on eye care products and services. Additionally, government initiatives and policies aimed at improving healthcare and promoting eye health are also contributing to the growth of the market. In conclusion, the Eye Care market in Iran is experiencing growth and development due to increasing customer preferences for eye care products and services, adoption of advanced technologies and treatments, increasing availability and accessibility of eye care products and services, local demographic trends, and underlying macroeconomic factors. This presents opportunities for companies operating in the Eye Care market to capitalize on the growing demand and cater to the evolving needs of customers in Iran.

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.