Key Points
- Sale of OTC and prescription products for eye care is steadily growing.
- Growth reflects the aging of the population and advances in drug-delivery techniques.
Eye care is a healthy and vibrant OTC category, a fact borne out by results from an exclusive Drug Topics survey conducted online in January. Sales in U.S. food, drug, and mass-market outlets (excluding Wal-Mart) have grown annually
from $397 million in 2004 to $441 million in 2007.
Reinforcing these numbers, the January 2009 EyeWorld magazine noted that "OTC products for ocular allergy and dry eye are quietly but rapidly growing ... and they often are the
first line of therapy that a patient uses." The growth in both prescription and OTC eye-care sales can be attributed to an
aging population worldwide and advancements in drug-delivery techniques, according to a report released in 2008 from Global
Industry Analysts (GIA) in San Jose, Calif.
These findings are consistent with the Drug Topics survey, which asked pharmacists a series of questions about OTC eye-care products, covering areas from sales impact to counseling
to brand recommendations.
Survey results from the 260 respondents revealed that 63 percent say their pharmacies are selling more eye-care products today
than they were a year ago; 37 percent specifically report an increase in OTC eye-care products. Nearly 20 percent cite an aging population as the reason for the increase. Other frequent reasons given for the growth in
sales point to increased allergies or environmental factors, consumer advertising, and greater product selection. According
to several respondents, more prescribers are referring patients to OTC products as well.
Cost was mentioned only twice as a force driving increased OTC eye-care business, yet 8 percent of respondents' stores market
or run sales on OTC eye-care products daily; 30 percent do so weekly; and 21 percent monthly. Nearly two dozen respondents
said manufacturers could improve eye-care sales by being more price-conscious in this tough economic climate.