Market Insights Consumer OTC Pharmaceuticals

Sleep Aids - Qatar

Qatar

Revenue in the Sleep Aids market amounts to US$2.21m in 2024. The market is expected to grow annually by 4.62% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$2,103m in 2024).
In relation to total population figures, per person revenues of US$0.81 are generated in 2024.

Key regions: Philippines, Indonesia, United Kingdom, Canada, Thailand

Market

Region

Region comparison

Currency

Analyst Opinion

The Sleep Aids market in Qatar has been experiencing significant growth in recent years.

Customer preferences: Customers in Qatar are increasingly seeking sleep aids to address their sleep-related issues. This can be attributed to several factors, including the fast-paced lifestyle, high stress levels, and the prevalence of technology that can disrupt sleep patterns. Additionally, the growing awareness about the importance of good sleep for overall health and well-being has also contributed to the increased demand for sleep aids.

Trends in the market: One of the key trends in the Sleep Aids market in Qatar is the rising popularity of natural and herbal sleep aids. Customers are becoming more conscious about the potential side effects of synthetic sleep aids and are opting for natural alternatives. This trend is in line with the global market, where there is a growing demand for natural and organic products across various industries. Another trend in the market is the increasing availability of sleep aids in different forms. Customers now have a wide range of options to choose from, including herbal teas, supplements, aromatherapy products, and wearable devices. This diversification of product offerings is driven by the growing demand for personalized sleep solutions and the desire for convenience.

Local special circumstances: Qatar is a country with a high expatriate population, which has contributed to the growth of the Sleep Aids market. Expatriates often face challenges in adjusting to a new environment and dealing with jet lag, which can disrupt their sleep patterns. As a result, they are more likely to seek sleep aids to help them sleep better.

Underlying macroeconomic factors: The Sleep Aids market in Qatar is also influenced by macroeconomic factors. The country has a high per capita income and a strong healthcare system, which allows customers to afford and access sleep aids. Additionally, Qatar has a growing population, which provides a large customer base for sleep aid manufacturers and retailers. In conclusion, the Sleep Aids market in Qatar is growing due to customer preferences for sleep aids, the rising popularity of natural and herbal products, the increasing availability of sleep aids in different forms, the presence of a high expatriate population, and the underlying macroeconomic factors. As customers continue to prioritize their sleep and well-being, the market is expected to further expand in the coming years.

Methodology

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.