OTC Pharmaceuticals - Jordan | Statista Market Forecast

Revenue in the OTC Pharmaceuticals market amounts to US$236.00m in 2024. The market is expected to grow annually by 6.98% (CAGR 2024-2029).
The market's largest segment is the segment Vitamins & Minerals with a market volume of US$104.30m 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$20.73 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 Jordan has been experiencing steady growth in recent years. Customer preferences have played a significant role in shaping this market, as consumers increasingly seek convenience and accessibility when it comes to healthcare products.

Customer preferences: In Jordan, customers have shown a strong preference for over-the-counter (OTC) pharmaceuticals due to their ease of access and affordability. OTC drugs do not require a prescription and can be purchased directly from pharmacies or other retail outlets. This convenience factor has made OTC pharmaceuticals a popular choice among consumers, especially for common ailments such as headaches, colds, and allergies.

Trends in the market: One of the key trends in the OTC Pharmaceuticals market in Jordan is the increasing demand for natural and herbal remedies. Consumers are becoming more health-conscious and are seeking alternative options to traditional pharmaceuticals. This trend is driven by a desire for products that are perceived as more natural and have fewer side effects. As a result, there has been a rise in the availability of herbal supplements and natural remedies in the market. Another trend in the market is the growing popularity of online pharmacies. With the increasing use of smartphones and internet access, consumers are turning to online platforms to purchase their healthcare products. Online pharmacies offer convenience, competitive prices, and a wide range of products, making them an attractive option for consumers.

Local special circumstances: One of the local special circumstances in the OTC Pharmaceuticals market in Jordan is the presence of a strong traditional medicine culture. Traditional medicine has a long history in Jordan, and many consumers still rely on herbal remedies and traditional healing practices. This has influenced the demand for natural and herbal OTC pharmaceuticals in the market. Another special circumstance is the presence of a large expatriate population in Jordan. Expatriates often have different healthcare needs and preferences compared to the local population. This diversity in the population creates opportunities for niche products and specialized healthcare services to cater to the specific needs of expatriates.

Underlying macroeconomic factors: The OTC Pharmaceuticals market in Jordan is influenced by several macroeconomic factors. The country has a stable economy with a growing middle class, which has led to increased disposable income and higher healthcare spending. This has contributed to the growth of the OTC Pharmaceuticals market as consumers have more purchasing power to spend on healthcare products. Additionally, the government of Jordan has implemented healthcare reforms to improve access to healthcare services, including OTC pharmaceuticals. These reforms have focused on expanding the availability of healthcare services in rural areas and promoting the use of generic drugs, which are often more affordable than branded products. In conclusion, the OTC Pharmaceuticals market in Jordan is developing due to customer preferences for convenience and accessibility, as well as the growing demand for natural and herbal remedies. The presence of a strong traditional medicine culture and a large expatriate population further contribute to the market's growth. Underlying macroeconomic factors, such as a stable economy and healthcare reforms, also play a role in shaping the market.

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.