Cold & Cough Remedies - Ukraine | Statista Market Forecast

In Ukraine, the revenue in the Cold & Cough Remedies market market is projected to reach US$168.40m in 2024.
It is anticipated that the market will experience an annual growth rate of 4.97% (CAGR 2024-2029).
When compared globally, the United States generates the highest revenue, amounting to US$11.19bn in 2024.
In terms of per capita income, in Ukraine generates US$4.44 in revenue per person in 2024.
The demand for cold & cough remedies in Ukraine has significantly increased due to the harsh winter climate.

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 Ukraine has been experiencing steady growth in recent years. Customer preferences for over-the-counter remedies, along with the increasing prevalence of cold and cough symptoms, have contributed to the development of this market. Additionally, local special circumstances and underlying macroeconomic factors have played a role in shaping the trends in this market.Customer preferences in Ukraine have shifted towards over-the-counter remedies for cold and cough symptoms. This can be attributed to the convenience and accessibility of these products, as well as the increasing awareness of self-care and home remedies. Consumers are more inclined to purchase over-the-counter remedies to alleviate their symptoms, rather than seeking medical advice or prescription medication. This preference for self-treatment has driven the demand for cold and cough remedies in the country.Trends in the Cold & Cough Remedies market in Ukraine are also influenced by global and regional market trends. The increasing prevalence of cold and cough symptoms, especially during the winter months, has contributed to the growth of this market. The changing climate patterns and exposure to viral infections have resulted in a higher incidence of respiratory illnesses, leading to an increased demand for remedies to alleviate cold and cough symptoms. Furthermore, the growing urban population and changing lifestyles have also contributed to the rise in respiratory illnesses, driving the demand for cold and cough remedies.Local special circumstances in Ukraine have also affected the development of the Cold & Cough Remedies market. The country has a well-established pharmaceutical industry, with a wide range of domestic and international players offering cold and cough remedies. This competitive landscape has led to innovation and product development, as companies strive to capture a larger market share. Additionally, the affordability of cold and cough remedies in Ukraine has made them accessible to a wider population, further driving the demand for these products.Underlying macroeconomic factors, such as the overall economic growth and disposable income levels in Ukraine, have also influenced the development of the Cold & Cough Remedies market. As the economy has improved in recent years, consumers have had more disposable income to spend on healthcare products, including cold and cough remedies. This increased purchasing power has contributed to the growth of the market, as consumers are more willing to invest in their health and well-being.In conclusion, the Cold & Cough Remedies market in Ukraine is developing due to customer preferences for over-the-counter remedies, the increasing prevalence of cold and cough symptoms, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility of over-the-counter remedies, along with the growing awareness of self-care, have driven the demand for these products. Additionally, the changing climate patterns, urbanization, and affordability of cold and cough remedies have also contributed to the growth of the market. Overall, the market is expected to continue growing in the coming years as consumer demand for cold and cough remedies remains strong.

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.