OTC Pharmaceuticals - Cambodia | Statista Market Forecast

Revenue in the OTC Pharmaceuticals market amounts to US$148.80m in 2024. The market is expected to grow annually by 8.57% (CAGR 2024-2029).
The market's largest segment is the segment Vitamins & Minerals with a market volume of US$47.34m 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$8.69 are generated in 2024.
In the OTC Pharmaceuticals market, 1.6% 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 Cambodia is experiencing significant growth and development. Customer preferences in the OTC Pharmaceuticals market in Cambodia are driven by several factors.

Firstly, there is a growing demand for accessible and affordable healthcare products. Many Cambodian consumers prefer to self-medicate and seek over-the-counter remedies for common ailments and minor health issues. Additionally, there is a cultural preference for traditional and herbal medicines, which are often available without a prescription.

This preference for self-care and traditional remedies is reflected in the customer choices in the OTC Pharmaceuticals market. Trends in the market include the increasing availability and variety of OTC products in Cambodia. As the healthcare infrastructure improves and more pharmacies and retail outlets open, consumers have greater access to a wider range of OTC medications.

This has led to increased competition among pharmaceutical companies, resulting in innovative product offerings and improved quality of OTC medications. Furthermore, the rise of e-commerce platforms has made it easier for consumers to purchase OTC medications online, further expanding the market. Local special circumstances in Cambodia contribute to the development of the OTC Pharmaceuticals market.

The country's healthcare system is still evolving, with limited access to healthcare facilities in rural areas. As a result, many Cambodians rely on OTC medications for self-care and minor health issues. Additionally, the affordability of OTC medications compared to prescription drugs makes them a more attractive option for many consumers.

Underlying macroeconomic factors also play a role in the development of the OTC Pharmaceuticals market in Cambodia. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and improved living standards. As a result, consumers are more willing and able to spend on healthcare products, including OTC medications.

Furthermore, the government's efforts to improve healthcare infrastructure and increase access to affordable healthcare have also contributed to the growth of the OTC Pharmaceuticals market. Overall, the OTC Pharmaceuticals market in Cambodia is developing due to customer preferences for accessible and affordable healthcare products, the increasing availability and variety of OTC medications, local special circumstances that favor self-care and traditional remedies, and underlying macroeconomic factors such as economic growth and government initiatives to improve healthcare access.

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 pharmaceutical industry is responsible for the research, development, production, and distribution of medications. The market has experienced significant growth during the past two decades, and pharma revenues worldwide totaled 1.48 trillion U.S. dollars in 2022.