OTC Pharmaceuticals - Chad | Statista Market Forecast

Revenue in the OTC Pharmaceuticals market amounts to US$42.65m in 2024. The market is expected to grow annually by 8.14% (CAGR 2024-2029).
The market's largest segment is the segment Vitamins & Minerals with a market volume of US$15.43m 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$2.26 are generated in 2024.
In the OTC Pharmaceuticals market, 1.1% 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 Chad is experiencing significant growth and development.

Customer preferences: In Chad, there is a growing demand for over-the-counter (OTC) pharmaceutical products. Customers in the country are increasingly seeking access to affordable and readily available medications without the need for a prescription. This preference for OTC products is driven by several factors, including convenience, cost-effectiveness, and a desire for self-care.

Trends in the market: One of the key trends in the OTC Pharmaceuticals market in Chad is the increasing availability and variety of OTC products. Pharmaceutical companies are expanding their product portfolios to cater to the specific needs and preferences of customers in Chad. This includes a wide range of OTC medications for common ailments such as cold and flu, pain relief, digestive issues, and allergies. Another trend in the market is the growing popularity of herbal and natural remedies. Chad has a rich tradition of using traditional medicine, and many customers are turning to herbal remedies for various health conditions. As a result, pharmaceutical companies are introducing herbal and natural OTC products to meet this demand.

Local special circumstances: Chad is a landlocked country with limited access to healthcare facilities, especially in rural areas. This has led to a reliance on OTC medications for self-care and treatment of minor ailments. The availability of OTC products allows individuals to manage their health without having to travel long distances or wait for medical consultations. Furthermore, the high cost of prescription medications and the limited availability of healthcare professionals contribute to the preference for OTC products. Many individuals in Chad do not have health insurance or access to government-funded healthcare, making OTC medications a more affordable option.

Underlying macroeconomic factors: The development of the OTC Pharmaceuticals market in Chad is also influenced by underlying macroeconomic factors. The country has been experiencing steady economic growth in recent years, which has led to an increase in disposable income. As a result, individuals have more purchasing power and are able to afford OTC medications. Additionally, the government of Chad has implemented policies to promote the development of the healthcare sector, including the availability of OTC medications. This includes initiatives to improve the regulatory framework for OTC products and promote public awareness of the benefits of self-care. In conclusion, the OTC Pharmaceuticals market in Chad is growing and developing due to customer preferences for convenience and affordability, the availability of a wide range of OTC products, the popularity of herbal remedies, limited access to healthcare facilities, high cost of prescription medications, and underlying macroeconomic factors such as economic growth and government initiatives.

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.