Market Insights Consumer OTC Pharmaceuticals

Eye Care - Netherlands

Netherlands

Revenue in the Eye Care market amounts to US$25.61m in 2024. The market is expected to grow annually by 1.78% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$1,256m in 2024).
In relation to total population figures, per person revenues of US$1.45 are generated in 2024.

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

Market

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Currency

Analyst Opinion

The Eye Care market in Netherlands has been experiencing steady growth in recent years, driven by several factors such as changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Eye Care market in Netherlands have shifted towards a greater emphasis on preventive care and overall eye health.

Customers are becoming more aware of the importance of regular eye exams and are seeking out products and services that can help maintain good eye health. This has led to an increase in demand for products such as contact lenses, eyeglasses, and eye drops that cater to these specific needs. In addition, there has been a growing trend towards the use of digital devices such as smartphones, tablets, and computers in the Netherlands.

This has resulted in an increase in cases of digital eye strain and other related conditions. As a result, there is a higher demand for products that can alleviate these symptoms, such as blue light blocking glasses and eye drops designed to combat dryness and irritation caused by prolonged screen time. Another trend in the Eye Care market in Netherlands is the growing popularity of online shopping.

Customers are increasingly turning to online retailers to purchase eye care products due to the convenience and competitive pricing offered by these platforms. This has led to the emergence of online-only eyewear brands and the expansion of existing brick-and-mortar retailers into the online space. Local special circumstances in the Netherlands have also contributed to the development of the Eye Care market.

The country has a well-established healthcare system that provides accessible and affordable eye care services to its residents. This has resulted in a higher level of awareness and utilization of eye care services, leading to increased demand for related products and treatments. Underlying macroeconomic factors have also played a role in the growth of the Eye Care market in Netherlands.

The country has a strong economy and a high standard of living, which has allowed consumers to allocate a larger portion of their disposable income towards eye care products and services. Additionally, the aging population in the Netherlands has resulted in an increased need for vision correction and other eye care treatments, further driving market growth. Overall, the Eye Care market in Netherlands is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

As customers become more conscious of their eye health and the impact of digital devices on their vision, the demand for eye care products and services is expected to continue to rise.

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.