Cold & Cough Remedies - Senegal | Statista Market Forecast

In Senegal, the revenue generated in the Cold & Cough Remedies market market in 2024 amounts to US$10.60m.
It is projected that the market will experience an annual growth rate of 8.94% (CAGR 2024-2029).
When compared to other countries worldwide, the United States generates the highest revenue in this market, with US$11.19bn in 2024.
In terms of per person revenues, in Senegal generates US$0.58 in 2024, based on the total population figures.
Senegal's growing middle class and increased healthcare awareness are driving the demand for cold and cough remedies in the OTC Pharmaceuticals market.

Definition:
The Cold and Cough market comprises over-the-counter natural and synthetic agents to relieve cough, expectorants and sore throat remedies, cold remedies and preparations against flu-like infections. Cough and cold medication includes medicines in the form of pills, syrups, lozenges, sprays, ointments and granulate for external and internal application. Not included are prescription medicines, preparations that are against the state law or are no explicit cold or cough drugs (e.g. painkillers). Among the top-selling medicines for cold and cough are nose sprays, Mucosolvan syrup, Grippostad C, Sinupret forte, Gelomyrtol, Dolo-Dobendan, Aspirin Complex, Bepanthen nose and eye cream, ACC Akut, Neo-Angin, Vick Vaporup, Isla Moos. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Additional Information:
The Cold and Cough market 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.
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Natural and synthetic agents
In the form of pills, syrups, creams, lozenges, sprays and granulate
Expectorants and remedies to relieve cough

Prescription medicines
Homeopathic remedies
Painkillers
Candy

The Cold & Cough Remedies market in Senegal has been experiencing significant growth in recent years.

Customer preferences: In Senegal, there is a growing demand for cold and cough remedies due to the high prevalence of respiratory illnesses in the country. Customers are increasingly seeking over-the-counter remedies to alleviate symptoms such as coughing, congestion, and sore throat. The convenience and affordability of these remedies make them a popular choice among consumers.

Trends in the market: One of the key trends in the Cold & Cough Remedies market in Senegal is the increasing adoption of natural and herbal remedies. Consumers are becoming more conscious of the potential side effects of synthetic drugs and are opting for natural alternatives. This trend is driven by a desire for healthier and more sustainable options. As a result, there has been a surge in the demand for herbal cough syrups, teas, and lozenges.Another trend in the market is the rising popularity of combination remedies. These products offer a combination of ingredients that target multiple symptoms of cold and cough, providing consumers with a convenient solution. Combination remedies often include ingredients such as antihistamines, decongestants, and pain relievers, offering a comprehensive approach to symptom relief.

Local special circumstances: Senegal has a tropical climate, which makes it susceptible to seasonal variations in respiratory illnesses. The country experiences a dry season, characterized by dusty conditions, which can exacerbate cough and cold symptoms. This unique climate creates a need for effective remedies that can alleviate symptoms and provide relief to individuals affected by respiratory illnesses.

Underlying macroeconomic factors: The economic growth in Senegal has contributed to the development of the Cold & Cough Remedies market. As the country's economy continues to grow, there is an increase in disposable income, allowing consumers to spend more on healthcare products. This has led to a higher demand for cold and cough remedies, as individuals have the financial means to purchase these products.In addition, the government's focus on improving healthcare infrastructure and accessibility has also played a role in the growth of the market. The expansion of healthcare facilities, particularly in rural areas, has made cold and cough remedies more accessible to a wider population.Overall, the Cold & Cough Remedies market in Senegal is experiencing growth due to customer preferences for convenient and affordable remedies, the adoption of natural and herbal products, and the country's unique climate. The underlying macroeconomic factors, such as economic growth and improved healthcare infrastructure, have also contributed to the development of the market. As the market continues to evolve, it is expected that new trends and opportunities will emerge to meet the changing needs of consumers in Senegal.

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 Health 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.