Definition:
The market Other Pharmaceuticals covers revenues for areas that are not specifically mentioned in the other markets, such as psychotropic or gastroenterology drugs and less expensive but widely used drugs, such as cold and cough remedies or analgesics.
Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).
Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.
Most recent update: Jun 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
The Other Pharmaceuticals market in Bahrain has been growing steadily in recent years, driven by a combination of factors including customer preferences, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Customers in Bahrain have shown a growing interest in alternative medicines and natural remedies, which has led to an increase in demand for Other Pharmaceuticals. This trend is in line with global consumer preferences, as more people seek out natural and holistic remedies for their health concerns.
Trends in the market: The Other Pharmaceuticals market in Bahrain is expected to continue growing in the coming years, driven by factors such as an aging population and increasing healthcare spending. In addition, the government's efforts to improve healthcare infrastructure and expand access to medical services are likely to fuel demand for pharmaceuticals of all types.
Local special circumstances: Bahrain's small size and high population density make it an ideal location for the development of a strong pharmaceutical market. The country's strategic location in the Gulf region also makes it an attractive destination for pharmaceutical companies looking to expand their operations in the Middle East.
Underlying macroeconomic factors: Bahrain's strong economic growth and stable political environment have created a favorable business climate for pharmaceutical companies operating in the country. In addition, the government's focus on diversifying the economy away from oil and gas has led to increased investment in the healthcare sector, which is expected to drive growth in the Other Pharmaceuticals market in the coming years.
Most recent update: Jun 2024
Source: Statista Market Insights
Data coverage:
Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. 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. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.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. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights