Market Insights Health OTC Pharmaceuticals

Cold & Cough Remedies - Qatar

Qatar

In Qatar, the revenue in the Cold & Cough Remedies market market in 2024 amounts to US$66.71m.
It is projected to experience an annual growth rate of 6.38% (CAGR 2024-2029).
When compared globally, the in the United States generates the highest revenue in this market, amounting to US$11,190.00m in 2024.
In terms of per person revenues, in Qatar generates US$24.37 in 2024.
The demand for cold and cough remedies in Qatar has surged due to the country's hot and dry climate, making it a key market for pharmaceutical companies.

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

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Analyst Opinion

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

Customer preferences: Qatari customers have shown a growing preference for over-the-counter cold and cough remedies. This can be attributed to the convenience and accessibility of these products, as well as the increasing awareness of the benefits of self-medication. Customers in Qatar also tend to prioritize symptom relief and quick recovery, leading to a demand for effective and fast-acting remedies.

Trends in the market: One of the key trends in the Cold & Cough Remedies market in Qatar is the increasing demand for natural and herbal remedies. Customers are becoming more conscious of the potential side effects of pharmaceutical drugs and are seeking alternative options. This trend aligns with the global shift towards natural and holistic healthcare solutions. As a result, there has been a rise in the availability of natural cold and cough remedies in the market.Another trend in the market is the growing popularity of combination products. Customers in Qatar are looking for convenience and prefer products that offer multiple benefits. Combination products that provide relief from both cold and cough symptoms have gained traction in the market. These products cater to the needs of customers who want a comprehensive solution for their respiratory ailments.

Local special circumstances: The harsh climate in Qatar, characterized by hot and dry weather, can contribute to an increased prevalence of respiratory illnesses. Dust and sand particles in the air can irritate the airways and lead to coughing and congestion. This unique environmental factor has created a specific need for effective cold and cough remedies in the market.

Underlying macroeconomic factors: The growing population and increasing disposable income in Qatar have played a significant role in the development of the Cold & Cough Remedies market. As the population continues to expand, the demand for healthcare products, including cold and cough remedies, is expected to rise. Additionally, the high per capita income in Qatar allows customers to afford premium and specialized products, further driving market growth.In conclusion, the Cold & Cough Remedies market in Qatar is witnessing steady growth due to customer preferences for over-the-counter remedies, the demand for natural and herbal products, and the popularity of combination remedies. The unique environmental circumstances in Qatar, coupled with the country's growing population and disposable income, are contributing to the development of the market.

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.