Market Insights Health Pharmacies OTC Products

Eye Care (Pharmacies) - Netherlands

Netherlands

Revenue in the Eye Care market is projected to reach €20.67m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.26%, resulting in a market volume of €22.01m by 2029.
In global comparison, most revenue will be generated in Japan (€838.70m in 2024).
In relation to total population figures, per person revenues of €1.17 are generated in 2024.

Key regions: Canada, Europe, India, Australia, South Korea

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Analyst Opinion

The Eye Care (Pharmacies) market in Netherlands is experiencing steady growth due to increasing customer preferences for convenient and accessible eye care products and services.

Customer preferences: Customers in Netherlands are increasingly prioritizing their eye health and seeking out products and services that can help them maintain good vision. With the rise in digital device usage and screen time, there is a growing awareness about the need for regular eye check-ups and the use of eye care products. Customers are looking for a wide range of options in eye care products such as contact lenses, glasses, and eye drops, as well as services like eye examinations and consultations with optometrists. Convenience is also a key factor for customers, with many preferring to purchase eye care products from pharmacies, which are easily accessible and offer a one-stop solution for their eye care needs.

Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Netherlands is the increasing demand for contact lenses. Contact lenses provide a convenient and comfortable alternative to traditional glasses, and many customers are opting for them for both vision correction and cosmetic purposes. The market is also witnessing a shift towards more specialized and customized eye care products, such as prescription lenses for specific eye conditions or lifestyle needs. Additionally, there is a growing trend of online purchasing of eye care products, with customers preferring the convenience of ordering from the comfort of their homes and having the products delivered to their doorstep.

Local special circumstances: The Eye Care (Pharmacies) market in Netherlands is influenced by the country's well-developed healthcare system and high standards of healthcare services. The presence of a large number of pharmacies throughout the country ensures that customers have easy access to eye care products and services. Additionally, the government's focus on promoting preventive healthcare and regular eye check-ups contributes to the growth of the market. The Netherlands also has a high percentage of elderly population, who are more likely to require eye care products and services, further driving the demand in the market.

Underlying macroeconomic factors: The overall economic stability and high disposable income levels in Netherlands contribute to the growth of the Eye Care (Pharmacies) market. Customers are willing to spend on high-quality eye care products and services, and the market is able to cater to their demands. The country's strong healthcare infrastructure and favorable reimbursement policies for eye care services also play a role in driving the market growth. Furthermore, the increasing prevalence of eye conditions and diseases, such as myopia and dry eye syndrome, creates a need for eye care products and services, further boosting 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.