Market Insights Health OTC Pharmaceuticals

Digestives & Intestinal Remedies - South America

South America

In South America, the Digestives & Intestinal Remedies market market generated a revenue of US$1.44bn in 2024.
It is projected to experience an annual growth rate of 4.10% (CAGR 2024-2029).
When compared globally, in China dominates the market, generating a revenue of US$4,408.00m in 2024.
In terms of per person revenues, in South America generated US$3.48 in 2024.
In South America, there is a growing demand for natural and herbal digestive remedies due to an increasing focus on holistic health and well-being.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Digestives & Intestinal Remedies market in South America is experiencing steady growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.Customer preferences in South America are driving the growth of the Digestives & Intestinal Remedies market. Consumers in the region are becoming more health-conscious and are seeking products that can help improve digestion and alleviate intestinal issues. This growing awareness of digestive health has led to an increased demand for Digestives & Intestinal Remedies in South America.Trends in the market are also contributing to the growth of the Digestives & Intestinal Remedies market in South America. Manufacturers are introducing innovative products that cater to specific digestive needs, such as probiotics and herbal remedies. These products are gaining popularity among consumers who are looking for natural and effective solutions to their digestive problems. Additionally, there is a rising trend of online shopping in South America, which has made Digestives & Intestinal Remedies more accessible to a larger consumer base.Local special circumstances in South America are playing a role in the development of the Digestives & Intestinal Remedies market. The region has a diverse population with different dietary habits and lifestyles, which can contribute to digestive issues. Additionally, South America has a rich herbal medicine tradition, and many consumers prefer natural remedies for digestive problems. This cultural preference for natural and herbal solutions has created a niche market for Digestives & Intestinal Remedies in the region.Underlying macroeconomic factors are also influencing the growth of the Digestives & Intestinal Remedies market in South America. The region is experiencing economic growth and an expanding middle class, which has led to increased disposable income. As a result, consumers have more purchasing power and are willing to spend on products that can improve their health and well-being. This economic growth has created a favorable market environment for Digestives & Intestinal Remedies in South America.In conclusion, the Digestives & Intestinal Remedies market in South America is growing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing awareness of digestive health, introduction of innovative products, diverse dietary habits, and economic growth are all contributing to the development of the market in the region.

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.