OTC Pharmaceuticals - Sudan

Sudan

The OTC Pharmaceuticals market in Sudan is projected to generate a revenue of US$99.19m in 2024.
With an annual growth rate of -2.45% (CAGR 2024-2029), the market is expected to expand steadily.
Among the various markets, Vitamins & Minerals dominates with a market volume of US$34.50m in 2024.
When compared globally, the in the United States leads in revenue generation, reaching US$41,240.00m in 2024.
In terms of per capita revenue, in Sudan is expected to generate US$2.01 per person in 2024.
Additionally, online sales are projected to contribute 0.72% of the total revenue in the OTC Pharmaceuticals market by 2024.
Sudan's OTC Pharmaceuticals market is experiencing a surge in demand for traditional herbal remedies as consumers seek natural alternatives.

Key regions: United States, China, Germany, Japan, Europe

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.
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Analyst Opinion

The OTC Pharmaceuticals market in Sudan is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trend.Customer preferences in Sudan are shifting towards self-medication and over-the-counter (OTC) pharmaceutical products. This is driven by several factors, including convenience, accessibility, and affordability. Consumers are increasingly seeking quick and easy solutions to common health issues, such as cold and flu symptoms, headaches, and minor aches and pains. OTC medications provide a cost-effective and convenient option for these consumers, allowing them to treat their symptoms without the need for a prescription or a visit to a healthcare professional.The market is also witnessing several trends that are driving its growth. One such trend is the increasing availability and variety of OTC pharmaceutical products in Sudan. As the market expands, both local and international pharmaceutical companies are introducing a wider range of OTC products to cater to the growing demand. This includes medications for various health conditions, such as allergies, digestive issues, and skin problems. Additionally, there is a growing trend towards natural and herbal remedies, as consumers are becoming more conscious of the potential side effects of certain medications.Local special circumstances in Sudan are also contributing to the development of the OTC Pharmaceuticals market. The country has a large population, with a significant portion residing in rural areas with limited access to healthcare facilities. OTC medications provide a convenient and accessible option for these individuals to manage their health issues without having to travel long distances or wait for a doctor's appointment. Furthermore, the ongoing economic challenges in Sudan have led to a decrease in healthcare spending, making OTC medications a more affordable option for many consumers.Underlying macroeconomic factors are also playing a role in the growth of the OTC Pharmaceuticals market in Sudan. The country has been experiencing steady economic growth in recent years, leading to an increase in disposable income among the population. This has resulted in higher consumer spending on healthcare products, including OTC medications. Additionally, the government has implemented policies to encourage the development of the pharmaceutical industry, including the promotion of local production and the reduction of import tariffs. These factors are creating a favorable environment for the growth of the OTC Pharmaceuticals market.In conclusion, the OTC Pharmaceuticals market in Sudan is experiencing significant growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The shift towards self-medication, the increasing availability of OTC products, and the convenience and affordability of these medications are driving the market's expansion. Additionally, the large population, limited access to healthcare facilities in rural areas, and economic factors are further contributing to the growth of the market. With these factors in place, the OTC Pharmaceuticals market in Sudan is expected to continue its positive 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.