OTC Pharmaceuticals - Morocco | Statista Market Forecast

The OTC Pharmaceuticals market in Morocco is projected to generate a revenue of US$501.10m in 2024.
It is expected to experience an annual growth rate of 3.81% (CAGR 2024-2029).
Among the various markets in the market, the Analgesics market holds the largest market share with a volume of US$117.80m in 2024.
In terms of global comparison, the United States leads in revenue generation, reaching US$41.24bn in 2024.
When considering the population figures, the per person revenue in Morocco is estimated to be US$13.11 in 2024.
Furthermore, online sales are predicted to contribute 5.46% of the total revenue in the OTC Pharmaceuticals market by 2024.
The demand for OTC Pharmaceuticals in Morocco is on the rise due to increasing awareness about self-medication and the availability of a wide range of products.

Definition:
The Over-the-Counter Pharmaceuticals market includes non-prescription medications, treatments, and healthcare products that are available directly to consumers without a prescription from a licensed healthcare professional. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere such as supermarkets, and online retailers. Sales by hospitals are not included.

Structure:
The market is subdivided into Analgesics, Cold and Cough Remedies, Digestives and Intestinal Remedies, Skin Treatment, Vitamins and Minerals, Hand Sanitizer, Eye care, Sleep aids, Wound care, and Other OTC Pharmaceuticals. The Analgesics market covers non-prescription pain-relief medications which help to relief aches, pains and fevers. Cold & Cough market covers non-prescription remedies aimed at relieving nasal congestion, coughing, sore throat, and related cold discomforts. The Digestives and Intestinal Remedies market encompasses non-prescription products designed to alleviate symptoms related to digestive discomfort and intestinal issues. The Skin Treatment market includes non-prescription medications formulated to address various dermatological concerns such as acne, eczema and dryness. The Vitamins and Minerals market comprises non-prescription dietary supplements containing essential nutrients such as vitamins and minerals. The Hand sanitizer market covers sanitizing products which are applied on hands to effectively reduce the presence of bacteria and viruses. The Eye Care market covers non-prescription products to address common eye-related discomforts such as dryness, irritation or redness. The Sleep Aids market covers non-prescription products designed to promote relaxation, alleviate insomnia, and improve sleep quality. The Wound Care market includes non-prescription products designed to facilitate wound healing and prevent infection.

Additional information:
OTC Pharmaceuticals 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
Analgesics (e.g. Asprin, Paracetamol)
Cough & Cold remedies (e.g. Vicks VapoRub)
Vitamins and Minerals
Skin treatment products

Prescription medicines
Homeopathic remedies

The OTC Pharmaceuticals market in Morocco is experiencing steady growth and development due to various factors.

Customer preferences: Customers in Morocco are increasingly turning to over-the-counter (OTC) pharmaceuticals for their healthcare needs. This can be attributed to several factors, including the convenience and accessibility of OTC products. With the growing awareness of self-care and the desire to take control of one's health, consumers are seeking OTC medications to treat common ailments and minor health issues. Additionally, the affordability of OTC pharmaceuticals compared to prescription drugs is also a key factor driving customer preferences in Morocco.

Trends in the market: One of the prominent trends in the OTC Pharmaceuticals market in Morocco is the increasing demand for natural and herbal remedies. Consumers are becoming more conscious about the ingredients in the products they use and are opting for natural alternatives to traditional pharmaceuticals. This trend is driven by the perception that natural remedies are safer and have fewer side effects. As a result, there is a growing market for herbal supplements, vitamins, and other natural OTC products in Morocco.Another trend in the market is the rising popularity of online pharmacies and e-commerce platforms. With the increasing internet penetration and smartphone usage in Morocco, consumers are embracing the convenience of online shopping for their healthcare needs. Online pharmacies offer a wide range of OTC products, allowing customers to compare prices, read reviews, and make informed decisions. This trend is expected to continue as more consumers become comfortable with online purchasing and seek convenience in their healthcare shopping experience.

Local special circumstances: Morocco has a well-established healthcare system, with a mix of public and private healthcare providers. However, access to healthcare services can be challenging, especially in rural areas. This has led to an increased reliance on OTC pharmaceuticals as a first line of treatment for minor health issues. The availability of OTC products in local pharmacies and retail outlets has made it easier for consumers to access healthcare solutions without the need for a doctor's prescription.

Underlying macroeconomic factors: Morocco has been experiencing sustained economic growth in recent years, which has contributed to the development of the OTC Pharmaceuticals market. As disposable incomes increase, consumers have more purchasing power to spend on healthcare products, including OTC pharmaceuticals. Additionally, the government's focus on improving healthcare infrastructure and promoting self-care has also played a role in driving the growth of the OTC Pharmaceuticals market in Morocco.In conclusion, the OTC Pharmaceuticals market in Morocco is growing and evolving, driven by customer preferences for convenience, affordability, and natural remedies. The increasing popularity of online pharmacies and the accessibility of OTC products in local retail outlets are key trends in the market. Furthermore, the local special circumstances, such as limited access to healthcare services in rural areas, have contributed to the reliance on OTC pharmaceuticals. The underlying macroeconomic factors, including economic growth and government initiatives, have also played a significant role in shaping 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.