Market Insights Health OTC Pharmaceuticals

Cold & Cough Remedies - Oman

Oman

In Oman, the revenue generated in the Cold & Cough Remedies market market reached US$56.19m in 2024.
It is projected that the market will experience an annual growth rate of 4.67% (CAGR 2024-2029).
When comparing this revenue on a global scale, the in the United States leads with earnings of US$11,190.00m in 2024.
In terms of per person revenues, the figure stands at US$11.92 in 2024.
The demand for cold and cough remedies in Oman has seen a significant increase due to the country's high prevalence of respiratory illnesses.

Key regions: United States, Japan, Australia, United Kingdom, China

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Analyst Opinion

The Cold & Cough Remedies market in Oman has been experiencing steady growth in recent years.

Customer preferences: In Oman, customers have shown a strong preference for over-the-counter cold and cough remedies. This is due to the convenience and accessibility of these products, as well as the fact that they can be easily purchased without a prescription. Customers also value the variety of options available in the market, allowing them to choose products that suit their specific needs.

Trends in the market: One of the key trends in the Cold & Cough Remedies market in Oman is the increasing demand for natural and herbal remedies. Customers are becoming more conscious about the ingredients in the products they use and are seeking alternatives to traditional pharmaceutical remedies. This trend is in line with the global movement towards natural and holistic healthcare solutions.Another trend in the market is the rising popularity of combination products that offer relief for multiple symptoms. Customers prefer products that provide relief for both cold and cough symptoms, as it allows them to address their ailments more efficiently. Combination products also offer convenience and cost savings for customers.

Local special circumstances: Oman has a hot and dry climate, which can contribute to the prevalence of cold and cough symptoms. The extreme temperatures and low humidity levels can weaken the immune system, making individuals more susceptible to respiratory illnesses. This creates a high demand for cold and cough remedies in the market.

Underlying macroeconomic factors: The growth of the Cold & Cough Remedies market in Oman can also be attributed to several macroeconomic factors. The increasing population and urbanization in the country have led to higher exposure to pollution and allergens, resulting in a greater need for cold and cough remedies. Additionally, rising disposable incomes and improved healthcare infrastructure have made these products more affordable and accessible to a larger segment of the population.In conclusion, the Cold & Cough Remedies market in Oman is developing due to customer preferences for over-the-counter remedies, the increasing demand for natural and combination products, the local climate, and underlying macroeconomic factors such as population growth and higher disposable incomes.

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.