Market Insights Health OTC Pharmaceuticals

Digestives & Intestinal Remedies - Egypt

Egypt

In Egypt, the revenue generated in the Digestives & Intestinal Remedies market market in 2024 amounts to US$173.30m.
Looking ahead, the market is projected to experience an annual growth rate of 10.31% (CAGR 2024-2029).
When compared globally, it is noteworthy that in China generates the highest revenue in this market, reaching US$4,408.00m in 2024.
In terms of per capita figures, in Egypt generates revenues of US$1.51 per person in 2024.
Despite the rich history of herbal remedies in Egypt, the Digestives & Intestinal Remedies market is witnessing a surge in demand for modern pharmaceutical solutions.

Key regions: Canada, United States, Australia, Brazil, Japan

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Analyst Opinion

The Digestives & Intestinal Remedies market in Egypt has been experiencing steady growth in recent years. Customer preferences in the Digestives & Intestinal Remedies market in Egypt are largely influenced by the global trend of increasing awareness and interest in digestive health. Consumers are becoming more conscious of the importance of maintaining a healthy digestive system and are seeking products that can help alleviate digestive issues and improve overall gut health. This has led to a growing demand for digestive remedies such as probiotics, fiber supplements, and digestive enzymes.Trends in the Digestives & Intestinal Remedies market in Egypt reflect the global shift towards natural and herbal remedies. Consumers are increasingly turning to natural alternatives for digestive health, such as herbal teas and traditional remedies. This trend is driven by a desire for more holistic and sustainable approaches to healthcare, as well as a growing distrust of synthetic and chemical-based products. As a result, there has been a rise in the availability and popularity of natural and herbal digestive remedies in the Egyptian market.Local special circumstances in Egypt also play a role in shaping the Digestives & Intestinal Remedies market. The country has a rich history of traditional medicine and herbal remedies, which has influenced consumer preferences and the availability of products. Traditional Egyptian herbs and spices, such as mint and chamomile, are commonly used for digestive health and are often incorporated into local digestive remedies. This cultural heritage has contributed to the popularity of natural and herbal digestive remedies in Egypt.Underlying macroeconomic factors have also contributed to the growth of the Digestives & Intestinal Remedies market in Egypt. The country's growing middle class and increasing disposable income have resulted in a higher demand for healthcare products, including digestive remedies. Additionally, the government's focus on improving healthcare infrastructure and increasing access to healthcare services has created a favorable environment for the growth of the market.In conclusion, the Digestives & Intestinal Remedies market in Egypt is developing in response to global trends towards natural and herbal remedies, as well as local preferences for traditional and holistic approaches to healthcare. The country's cultural heritage, growing middle class, and government initiatives have also contributed to the growth of the market. As consumers continue to prioritize digestive health, the market is expected to continue its upward trajectory in the coming years.

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.