PROSPECTS AND OPPORTUNITIES
Lifestyle factors will support demand for eye care products
Demand for eye care products in the Philippines is projected to grow robustly during the forecast period, driven by the increasing amount of screen time in the daily lives of local consumes. Furthermore, it appears that the trend towards remote working, at least on a partial basis, is here to stay, due to the benefits it offers for both employees and employer.
Rising demand for eye care products amid climate challenges and health inequalities
Demand for eye care products in the Philippines increases during periods of high temperatures. Moving forward, ongoing climate instability is likely to result in more instances of extreme heat, which will exacerbate heat-related eye conditions such as dryness and irritation, further driving the need for effective eye care solutions.
Urbanisation amplifies growth of modern retail channels
As urbanisation continues in the Philippines, more consumers are accessing modern retail and e-commerce platforms where eye care products are increasingly available. Leading brands like Executive Optical and Rohto are actively enhancing the visibility and accessibility of these products, making them easier to purchase and supporting growth in both offline and online channels.
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Overview:
Understand the latest market trends and future growth opportunities for the Eye Care industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Eye Care industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Eye Care in Philippines report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Eye Care in Philippines?
- Which are the leading brands in Eye Care in Philippines?
- How are products distributed in Eye Care in Philippines?
- How has the regulatory and operating environment for Eye Care changed in Philippines?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Eye Care
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
Eye Care in the Philippines - Category analysis
KEY DATA FINDINGS
Increased screen time and marketing initiatives by major eye wear brands boost demand for eye care products
With Japanese offerings trending amongst millennials
Shift in focus towards preventative eye care
Lifestyle factors will support demand for eye care products
Rising demand for eye care products amid climate challenges and health inequalities
Urbanisation amplifies growth of modern retail channels
Consumer Health in the Philippines - Industry Overview
Consumer health in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer health?
OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches
DISCLAIMER
DEFINITIONS
The following categories and subcategories are included:
Eye Care
- Allergy Eye Care
- Standard Eye Care
Eye Care
This category includes artificial tears, eye ointments, eye washes, and eye drops used to treat eye allergies, red eyes, or dry eyes. Excludes all products related to contact lens use and care.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Eye Care research and analysis database.
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