Market Insights Health OTC Pharmaceuticals

Cold & Cough Remedies - Chad

Chad

In Chad, the revenue generated in the Cold & Cough Remedies market market in 2024 amounts to US$4.28m.
It is projected that the market will experience an annual growth rate of 6.23% (CAGR 2024-2029).
When compared globally, the in the United States leads in revenue generation with US$11,190.00m in 2024.
In terms of per person revenues, US$0.23 is generated in 2024.
Despite the high prevalence of cold and cough in Chad, the lack of access to affordable OTC remedies hinders the market growth.

Key regions: Australia, Japan, India, Brazil, Canada

Market

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Analyst Opinion

The Cold & Cough Remedies market in Chad has been experiencing steady growth over the past few years.

Customer preferences: Chadian consumers have shown a growing preference for over-the-counter cold and cough remedies, as they provide quick relief from symptoms such as congestion, sore throat, and coughing. The convenience of being able to purchase these remedies without a prescription has made them popular among consumers. Additionally, the affordability of these products compared to prescription medications has also contributed to their increasing demand.

Trends in the market: One of the key trends in the Cold & Cough Remedies market in Chad is the increasing demand for natural and herbal remedies. Chadian consumers are becoming more health-conscious and are seeking products that are perceived as safer and more natural. This trend is in line with the global shift towards natural remedies, as consumers are becoming more aware of the potential side effects of synthetic drugs. As a result, there has been a rise in the availability and popularity of herbal cold and cough remedies in the market.Another trend in the market is the growing popularity of combination products. These products offer a combination of ingredients that target multiple symptoms, providing consumers with a more comprehensive solution for their cold and cough symptoms. Combination products are convenient for consumers as they eliminate the need to purchase multiple remedies for different symptoms.

Local special circumstances: Chad has a high prevalence of respiratory infections, which contributes to the demand for cold and cough remedies. The country's climate, with its dry and dusty conditions, can exacerbate respiratory symptoms, making cold and cough remedies essential for many individuals. Additionally, the lack of access to healthcare facilities in remote areas of the country further drives the demand for over-the-counter remedies as they are easily accessible and affordable.

Underlying macroeconomic factors: The growing middle class in Chad has contributed to the increasing demand for cold and cough remedies. As disposable incomes rise, consumers are willing to spend more on healthcare products, including over-the-counter remedies. Additionally, the growing urbanization in the country has led to a shift in lifestyle and increased exposure to pollution, which can lead to respiratory issues. This, in turn, has fueled the demand for cold and cough remedies.In conclusion, the Cold & Cough Remedies market in Chad is experiencing growth due to customer preferences for over-the-counter remedies, the increasing demand for natural and herbal products, and the popularity of combination remedies. The country's high prevalence of respiratory infections and lack of access to healthcare facilities also contribute to the market's growth. The growing middle class and urbanization in Chad are underlying macroeconomic factors that are driving the demand for cold and cough remedies.

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.