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Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, China, Germany, Japan, Europe
The Pharmaceuticals market in Zimbabwe has been experiencing significant growth over the past few years.
Customer preferences: Customers in Zimbabwe place a high value on affordable and accessible healthcare. As a result, there has been a growing demand for generic drugs in the country. Additionally, customers are increasingly looking for products that are locally produced and sourced.
Trends in the market: One of the main trends in the Zimbabwean Pharmaceuticals market is the increasing investment in research and development. This has led to the introduction of new and innovative drugs that are more effective in treating various diseases. Another trend is the growing focus on preventative healthcare, with more people taking a proactive approach to their health and wellbeing.
Local special circumstances: The Zimbabwean Pharmaceuticals market is heavily regulated, with strict policies in place to ensure the safety and efficacy of drugs. This has led to a more competitive market, with companies having to invest in research and development to meet the regulatory requirements. Additionally, the country has a large population of people living with HIV/AIDS, which has created a significant demand for antiretroviral drugs.
Underlying macroeconomic factors: The Zimbabwean economy has been experiencing significant challenges over the past few years, with high levels of inflation and a shortage of foreign currency. This has led to a rise in the cost of healthcare, making it more difficult for people to access the drugs they need. However, the government has been taking steps to address these issues, such as increasing funding for healthcare and introducing policies to promote local production of pharmaceuticals.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)