OTC Pharmaceuticals - Mozambique | Statista Market Forecast

Revenue in the OTC Pharmaceuticals market amounts to US$56.87m in 2024. The market is expected to grow annually by 6.18% (CAGR 2024-2029).
The market's largest segment is the segment Other OTC Pharmaceuticals with a market volume of US$25.31m 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$1.63 are generated in 2024.
In the OTC Pharmaceuticals market, 0.9% 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 Mozambique is experiencing steady growth due to several factors. Customer preferences for over-the-counter medications have shifted towards convenience and affordability, leading to increased demand for these products. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the OTC Pharmaceuticals market in Mozambique.

Customer preferences: Customers in Mozambique have shown a preference for over-the-counter medications due to their convenience and accessibility. Unlike prescription drugs, OTC medications can be purchased without a doctor's prescription, allowing individuals to self-treat common ailments and minor health issues. This convenience factor has led to a growing demand for OTC pharmaceuticals in Mozambique. Furthermore, affordability is a key consideration for customers in Mozambique. OTC medications are generally less expensive than prescription drugs, making them more accessible to a wider range of consumers. This affordability factor has further contributed to the popularity of OTC pharmaceuticals in the country.

Trends in the market: One notable trend in the OTC Pharmaceuticals market in Mozambique is the increasing availability of these products in retail pharmacies and supermarkets. As the market continues to grow, more pharmacies and supermarkets are expanding their OTC medication offerings to meet consumer demand. This trend reflects the rising popularity of OTC pharmaceuticals and the recognition of their importance in the healthcare landscape. Another trend in the market is the introduction of innovative OTC products. Manufacturers are constantly developing new formulations and delivery methods to address specific health concerns. This trend reflects the evolving needs and preferences of customers in Mozambique, who are seeking effective and convenient solutions for their health issues.

Local special circumstances: Mozambique has a relatively high burden of communicable diseases, such as malaria and HIV/AIDS. This has created a demand for OTC medications that can help manage symptoms and prevent the spread of these diseases. The availability of OTC antimalarial drugs and HIV self-testing kits has been particularly important in addressing these health challenges. Additionally, the lack of access to healthcare facilities in remote areas of Mozambique has also contributed to the development of the OTC Pharmaceuticals market. In these areas, OTC medications are often the only available option for individuals seeking treatment for common ailments. As a result, the demand for OTC pharmaceuticals has increased in these underserved regions.

Underlying macroeconomic factors: Mozambique has experienced steady economic growth in recent years, which has positively impacted the OTC Pharmaceuticals market. As disposable incomes rise, individuals have more purchasing power to spend on healthcare products, including OTC medications. This economic growth has created a favorable environment for the development and expansion of the OTC Pharmaceuticals market in Mozambique. Furthermore, the government of Mozambique has implemented policies to promote the use of generic medications, including OTC products. This has led to increased competition among manufacturers, resulting in lower prices for consumers. The availability of affordable generic OTC medications has further fueled the growth of the market. In conclusion, the OTC Pharmaceuticals market in Mozambique is developing due to customer preferences for convenience and affordability, as well as local special circumstances and underlying macroeconomic factors. The increasing availability of OTC medications in retail pharmacies and supermarkets, along with the introduction of innovative products, reflects the evolving needs of customers in Mozambique. The burden of communicable diseases and lack of access to healthcare facilities in remote areas have also contributed to the growth of the market. Overall, the steady economic growth and government policies promoting generic medications have created a favorable environment for the development of the OTC Pharmaceuticals market in Mozambique.

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.