OTC Pharmaceuticals - Bahrain | Statista Market Forecast

Revenue in the OTC Pharmaceuticals market amounts to US$126.50m in 2024. The market is expected to grow annually by 4.87% (CAGR 2024-2029).
The market's largest segment is the segment Other OTC Pharmaceuticals with a market volume of US$41.84m in 2024.
In global comparison, most revenue is generated United States (US$41bn in 2024).
In relation to total population figures, per person revenues of US$84.41 are generated in 2024.
In the OTC Pharmaceuticals market, 6.8% of total revenue will be generated through online sales by 2024.

Definition:
The Over-the-Counter Pharmaceuticals market includes non-prescription medications, treatments, and healthcare products that are available directly to consumers without a prescription from a licensed healthcare professional. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere such as supermarkets, and online retailers. Sales by hospitals are not included.

Structure:
The market is subdivided into Analgesics, Cold and Cough Remedies, Digestives and Intestinal Remedies, Skin Treatment, Vitamins and Minerals, Hand Sanitizer, Eye care, Sleep aids, Wound care, and Other OTC Pharmaceuticals. The Analgesics market covers non-prescription pain-relief medications which help to relief aches, pains and fevers. Cold & Cough market covers non-prescription remedies aimed at relieving nasal congestion, coughing, sore throat, and related cold discomforts. The Digestives and Intestinal Remedies market encompasses non-prescription products designed to alleviate symptoms related to digestive discomfort and intestinal issues. The Skin Treatment market includes non-prescription medications formulated to address various dermatological concerns such as acne, eczema and dryness. The Vitamins and Minerals market comprises non-prescription dietary supplements containing essential nutrients such as vitamins and minerals. The Hand sanitizer market covers sanitizing products which are applied on hands to effectively reduce the presence of bacteria and viruses. The Eye Care market covers non-prescription products to address common eye-related discomforts such as dryness, irritation or redness. The Sleep Aids market covers non-prescription products designed to promote relaxation, alleviate insomnia, and improve sleep quality. The Wound Care market includes non-prescription products designed to facilitate wound healing and prevent infection.

Additional information:
OTC Pharmaceuticals comprises revenues, average revenue per capita. Sales channels show online and offline revenue. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
For more information on the data displayed, use the info button next to the boxes.

Natural and synthetic agents
Analgesics (e.g. Asprin, Paracetamol)
Cough & Cold remedies (e.g. Vicks VapoRub)
Vitamins and Minerals
Skin treatment products

Prescription medicines
Homeopathic remedies

The OTC Pharmaceuticals market in Bahrain has been experiencing steady growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.

Customer preferences in Bahrain have played a significant role in the growth of the OTC Pharmaceuticals market. Consumers in Bahrain have shown a preference for self-medication and convenience when it comes to managing their health. This has led to an increased demand for over-the-counter medications, as they provide an accessible and affordable option for treating common ailments.

Additionally, the rising awareness of preventive healthcare has also contributed to the growth of the OTC Pharmaceuticals market in Bahrain, as consumers seek out products that can help them maintain their overall well-being. Trends in the market have also influenced the growth of the OTC Pharmaceuticals market in Bahrain. One significant trend is the increasing popularity of natural and herbal remedies.

Consumers are becoming more conscious of the potential side effects of synthetic medications and are turning to natural alternatives. This has led to a rise in the availability and demand for herbal and natural OTC medications in Bahrain. Another trend is the growing online presence of OTC pharmaceutical retailers.

E-commerce platforms and online pharmacies have made it easier for consumers to access a wide range of OTC medications, contributing to the growth of the market. Local special circumstances in Bahrain have also played a role in the development of the OTC Pharmaceuticals market. The country has a well-developed healthcare system, with a high level of access to healthcare services and facilities.

This has created a favorable environment for the growth of the OTC Pharmaceuticals market, as consumers have the necessary infrastructure and resources to seek out and purchase these products. Additionally, the government of Bahrain has implemented regulations and policies that support the growth of the OTC Pharmaceuticals market, ensuring the safety and quality of these products. Underlying macroeconomic factors have also contributed to the growth of the OTC Pharmaceuticals market in Bahrain.

The country has a strong economy and a high level of disposable income, allowing consumers to afford OTC medications. Additionally, the government has implemented healthcare policies that prioritize preventive care and self-management of health, further driving the demand for OTC medications. Overall, the OTC Pharmaceuticals market in Bahrain is experiencing growth due to customer preferences for self-medication and convenience, trends in the market such as the popularity of natural remedies and the rise of online retailers, local special circumstances such as a well-developed healthcare system and supportive government policies, and underlying macroeconomic factors such as a strong economy and high disposable income.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The global pharmaceutical industry has experienced significant growth during the past two decades, with revenues totaling around 1.6 trillion U.S. dollars in 2023. With growth like that, the industry's size is now comparable to the gross domestic products (GDPs) of countries like Spain, Mexico, or Australia.