Digestives & Intestinal Remedies - Austria

Austria

Highlights

In Austria, the Digestives & Intestinal Remedies market market generates a revenue of US$118.20m in 2024.
It is projected to experience an annual growth rate of 1.65% (CAGR 2024-2029).
When compared globally, China leads the market with a revenue of US$4.41bn in 2024.
In terms of per capita figures, each person in Austria generates a revenue of US$13.17 in 2024.
The demand for digestive and intestinal remedies in Austria is driven by a strong interest in natural and herbal products.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Digestives & Intestinal Remedies market in Austria has been experiencing significant growth in recent years.

Customer preferences: Austrian consumers have shown a growing interest in digestive health and intestinal remedies. This can be attributed to several factors, including an increasing awareness of the importance of gut health and a desire for natural and holistic remedies. Consumers are seeking products that can help alleviate digestive issues such as bloating, indigestion, and constipation. They are also looking for products that are easy to use and provide quick relief.

Trends in the market: One of the key trends in the Digestives & Intestinal Remedies market in Austria is the rising demand for natural and herbal remedies. Consumers are becoming more conscious of the ingredients in the products they use and are opting for natural alternatives to traditional over-the-counter medications. This trend is driven by a desire for safer and more sustainable options. As a result, there has been a surge in the availability of herbal remedies and natural supplements in the market.Another trend in the market is the increasing popularity of probiotics. Probiotics are live bacteria and yeasts that are beneficial for digestive health. They help restore the natural balance of bacteria in the gut and promote healthy digestion. Austrian consumers are increasingly aware of the benefits of probiotics and are incorporating them into their daily routine. This has led to a growing demand for probiotic supplements and foods.

Local special circumstances: Austria has a well-developed healthcare system and a high level of health consciousness among its population. This has created a favorable environment for the growth of the Digestives & Intestinal Remedies market. The country has a strong tradition of herbal medicine, and consumers have a high level of trust in natural remedies. This has contributed to the popularity of herbal and natural products in the market.

Underlying macroeconomic factors: The growing Digestives & Intestinal Remedies market in Austria can also be attributed to underlying macroeconomic factors. The country has a stable economy and a high standard of living, which allows consumers to prioritize their health and well-being. Additionally, the aging population in Austria has led to an increased demand for products that address age-related digestive issues. As the population continues to age, the market for Digestives & Intestinal Remedies is expected to further expand.In conclusion, the Digestives & Intestinal Remedies market in Austria is experiencing growth due to customer preferences for natural and herbal remedies, the increasing popularity of probiotics, the country's strong tradition of herbal medicine, and underlying macroeconomic factors such as a stable economy and an aging population.

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.