Market Insights Health OTC Pharmaceuticals

Eye Care - United States

United States

In 2024, the revenue in the Eye Care market market in the United States amounted to €1.15bn.
It is projected that the market will experience an annual growth rate of 2.00% (CAGR 2024-2029).
Compared to other countries worldwide, the in the United States generates the highest revenue in the Eye Care market market, reaching €1.15bn in 2024.
When considering the population size, the per person revenue generated the in the United States in 2024 is €3.37.
This indicates the financial significance of the Eye Care market market in relation to the total population.
The United States is experiencing a growing trend in the Eye Care OTC Pharmaceuticals market, with an increasing demand for innovative products and a focus on preventive eye health.

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

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Analyst Opinion

The Eye Care market in United States is experiencing significant growth due to various factors.

Customer preferences: Customers in the United States are increasingly prioritizing their eye health and seeking solutions to improve their vision. This is driven by a growing awareness about the importance of regular eye check-ups and the impact of digital devices on eye health. Additionally, the aging population in the United States is also contributing to the increased demand for eye care products and services.

Trends in the market: One of the key trends in the Eye Care market in United States is the rising popularity of contact lenses. Contact lenses provide a convenient and comfortable alternative to traditional eyeglasses, and many consumers are opting for them for aesthetic reasons as well. Furthermore, technological advancements in contact lens materials and designs have made them more comfortable and suitable for a wider range of people.Another trend in the market is the increasing demand for corrective eye surgeries, such as LASIK. These procedures offer a permanent solution for vision correction and are gaining popularity among individuals who want to reduce their dependence on glasses or contact lenses. The advancements in technology and improved success rates of these procedures have made them more accessible and appealing to a larger consumer base.

Local special circumstances: The United States has a well-developed healthcare system, which includes comprehensive eye care services. This enables consumers to easily access eye care professionals and receive timely treatment for their vision-related issues. Additionally, the presence of a large number of eye care clinics, optical stores, and online retailers in the country provides consumers with a wide range of options to choose from.

Underlying macroeconomic factors: The strong economy in the United States is playing a significant role in the growth of the Eye Care market. With a stable job market and increasing disposable incomes, consumers have more purchasing power to invest in their eye health. Furthermore, the United States has a high rate of health insurance coverage, which makes eye care services more affordable and accessible to a larger population.In conclusion, the Eye Care market in United States is witnessing growth due to the increasing customer preferences for eye health, rising popularity of contact lenses and corrective eye surgeries, the presence of a well-developed healthcare system, and the strong macroeconomic factors in the country.

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.