Cold & Cough Remedies - Tanzania | Statista Market Forecast

In Tanzania, the revenue generated in the Cold & Cough Remedies market market in 2024 amounts to US$35.52m.
It is projected that the market will experience an annual growth rate of 10.40% (CAGR 2024-2029).
When compared globally, the United States generates the highest revenue in this market, reaching US$11.19bn in 2024.
In terms of per capita figures, each person in Tanzania generates revenues of US$0.51 in 2024.
Despite the growing demand for Cold & Cough Remedies in the OTC Pharmaceuticals market, Tanzania's limited access to healthcare facilities hampers the growth potential in the country.

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.
For more information on the data displayed, use the info button next to the boxes.

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 Tanzania is experiencing steady growth due to a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.Customer preferences in Tanzania are driving the demand for Cold & Cough Remedies. With increasing awareness about health and wellness, consumers are becoming more proactive in managing their health. They are seeking over-the-counter remedies to alleviate symptoms of cold and cough, rather than visiting a healthcare professional. This shift in consumer behavior is contributing to the growth of the Cold & Cough Remedies market in Tanzania.Trends in the market also play a significant role in the development of the Cold & Cough Remedies market in Tanzania. There is a growing demand for natural and herbal remedies, as consumers are becoming more conscious about the ingredients they put into their bodies. This trend is in line with the global market, where consumers are increasingly opting for natural and organic products. Manufacturers are responding to this trend by introducing products that are made from natural ingredients and do not have any harmful side effects. This is driving the growth of the Cold & Cough Remedies market in Tanzania.Local special circumstances in Tanzania are also contributing to the development of the Cold & Cough Remedies market. The country experiences a high prevalence of respiratory illnesses, including cold and cough. This can be attributed to various factors such as poor air quality, exposure to dust and pollution, and a lack of proper healthcare facilities in certain areas. As a result, there is a higher demand for cold and cough remedies in Tanzania compared to other countries in the region. This local demand is driving the growth of the Cold & Cough Remedies market in Tanzania.Underlying macroeconomic factors are also influencing the development of the Cold & Cough Remedies market in Tanzania. The country has been experiencing steady economic growth, resulting in an increase in disposable income among the population. As people have more money to spend, they are willing to invest in their health and well-being. This includes purchasing over-the-counter remedies for cold and cough. Additionally, the government has been investing in healthcare infrastructure and promoting access to healthcare services, which is further driving the demand for cold and cough remedies.In conclusion, the Cold & Cough Remedies market in Tanzania is growing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers become more health-conscious and seek natural remedies, the market is responding with a wide range of products. The high prevalence of respiratory illnesses in Tanzania and the country's economic growth are also contributing to the growth of the market.

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.