Market Insights Health OTC Pharmaceuticals

Eye Care - Brazil

Brazil

In Brazil, the Eye Care market market generates a revenue of €98.74m in 2024.
It is projected to experience an annual growth rate of 3.61% (CAGR 2024-2029).
When compared globally, the in the United States generates the highest revenue in this market, reaching €1,165.00m in 2024.
In terms of per person revenues, in Brazil generates €0.45 in 2024.
In Brazil, there is a growing trend towards the use of natural and herbal eye care products in the OTC Pharmaceuticals market.

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

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Analyst Opinion

The Eye Care market in Brazil has been experiencing significant growth in recent years, driven by various factors such as changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Eye Care market in Brazil have been shifting towards a greater emphasis on preventive care and overall eye health. Consumers are becoming more aware of the importance of regular eye examinations and are seeking products and services that can help maintain good vision and prevent eye-related issues. This shift in customer preferences has led to an increased demand for products such as contact lenses, eye drops, and vitamins specifically targeted at eye health.One of the key trends in the Eye Care market in Brazil is the growing popularity of online retail channels. Consumers are increasingly turning to online platforms to purchase eye care products due to the convenience and wide range of options available. Online retailers are capitalizing on this trend by offering competitive prices, fast delivery, and a seamless shopping experience. This trend is expected to continue driving the growth of the online Eye Care market in Brazil.Another trend in the market is the rising demand for cosmetic contact lenses. These lenses, which can change the color or appearance of the eyes, have gained popularity among consumers looking to enhance their appearance or achieve a certain aesthetic. The availability of a wide range of colors and designs, coupled with advancements in lens technology, has contributed to the growing demand for cosmetic contact lenses in Brazil.Local special circumstances in Brazil, such as a large aging population and a high prevalence of certain eye conditions, have also contributed to the growth of the Eye Care market. As the population ages, the incidence of age-related eye conditions such as cataracts and macular degeneration is increasing. This has created a greater demand for surgical procedures and treatments related to these conditions, driving growth in the market.Underlying macroeconomic factors, such as increasing disposable incomes and a growing middle class, have also played a role in the development of the Eye Care market in Brazil. As more consumers have the financial means to invest in their eye health, the demand for eye care products and services has increased. Additionally, improvements in healthcare infrastructure and access to healthcare services have made eye care more accessible to a larger portion of the population.Overall, the Eye Care market in Brazil is experiencing significant growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As consumers become more proactive about their eye health and have greater access to a wide range of eye care products and services, the market is expected to continue its upward trajectory 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.