Market Insights Consumer OTC Pharmaceuticals

Eye Care - Tanzania

Tanzania

Revenue in the Eye Care market amounts to €1.10m in 2024. The market is expected to grow annually by 4.33% (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 €0.02 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 Tanzania has been experiencing significant growth in recent years. Customer preferences have shifted towards more advanced and innovative eye care products and services. This trend can be attributed to several factors, including increasing awareness about the importance of eye health, rising disposable incomes, and advancements in technology.

Customer preferences: Customers in Tanzania are increasingly prioritizing their eye health and are seeking out products and services that can help them maintain good vision. This is evidenced by the growing demand for eyeglasses, contact lenses, and other vision correction solutions. Additionally, there is a rising interest in preventive eye care, with customers seeking regular eye examinations and screenings to detect and address potential vision problems at an early stage.

Trends in the market: One of the key trends in the Eye Care market in Tanzania is the adoption of advanced technology. Customers are increasingly opting for innovative products such as digital eyewear, which offer features like blue light filtering and adjustable lens prescriptions. This trend is driven by the growing use of digital devices and the need to protect eyes from the harmful effects of prolonged screen time. Another trend in the market is the growing popularity of contact lenses. Customers are becoming more comfortable with using contact lenses as a convenient alternative to traditional eyeglasses. This trend is supported by advancements in contact lens technology, such as the development of breathable and comfortable lenses that provide clear vision.

Local special circumstances: Tanzania has a large population, with a significant portion residing in rural areas. Access to eye care services can be limited in these areas, leading to a higher prevalence of vision problems. As a result, there is a growing demand for mobile eye clinics and outreach programs that provide eye care services to underserved communities. This presents an opportunity for eye care providers to expand their reach and cater to a wider customer base.

Underlying macroeconomic factors: The economic growth in Tanzania has contributed to the development of the Eye Care market. Rising disposable incomes have allowed more people to afford eye care products and services. Additionally, the government has been actively promoting healthcare initiatives, including eye care, which has further bolstered the market. In conclusion, the Eye Care market in Tanzania is witnessing significant growth due to changing customer preferences, advancements in technology, and favorable macroeconomic factors. Customers are increasingly seeking out advanced eye care solutions, such as digital eyewear and contact lenses, while also prioritizing preventive eye care. The market is also driven by the need to address vision problems in underserved communities, leading to the emergence of mobile eye clinics and outreach programs. With the continued economic growth and government support, the Eye Care market in Tanzania is expected to thrive 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.