Pharmacies - Chad

Chad

The Pharmacies market in Chad is expected to experience significant growth in the coming years.
According to projections, the revenue is projected to reach US$115.20m in 2024, with an annual growth rate (CAGR 2024-2029) of 3.47%.
This growth is expected to result in a market volume of US$136.60m by 2029.
When compared to other countries globally, it is worth noting that United States is expected to generate the highest revenue in the Pharmacies market, with an estimated revenue of US$387.30bn in 2024.
Taking into account the total population figures, it is interesting to observe that in Chad, per person revenues are estimated to be US$6.11 in 2024.
This indicates the economic significance of the Pharmacies market in relation to the population size of the country.
Chad's pharmacy market is experiencing a surge in demand for essential medicines due to the country's limited access to healthcare facilities.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Pharmacies market in Chad is experiencing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the current state of the industry. Customer preferences in Chad have shifted towards a greater demand for pharmaceutical products and services. With an increasing population and rising healthcare awareness, individuals are seeking access to quality healthcare and medications. This has led to a higher demand for pharmacies that can provide a wide range of medicines and healthcare products. Customers are also looking for convenience and accessibility, leading to the emergence of pharmacies in multiple locations across the country. Trends in the market indicate a growing number of pharmacies in Chad. The expansion of the healthcare sector and government initiatives to improve healthcare services have contributed to the establishment of more pharmacies. This trend is further supported by the increasing number of licensed pharmacists and the availability of a diverse range of medicines. Additionally, the rise of e-commerce platforms has enabled customers to purchase medications online, further driving the growth of the pharmacies market. Local special circumstances in Chad also play a role in the development of the pharmacies market. The country faces various health challenges, including a high prevalence of infectious diseases and limited access to healthcare facilities in rural areas. Pharmacies often serve as the primary point of contact for individuals seeking medical advice and treatment. The presence of pharmacies in remote locations helps bridge the healthcare gap and ensures that essential medications are accessible to a wider population. Underlying macroeconomic factors contribute to the growth of the pharmacies market in Chad. The country's improving economic stability and increasing disposable income have allowed individuals to allocate a larger portion of their budget towards healthcare expenses. This has resulted in higher demand for pharmaceutical products and services. Additionally, government investments in healthcare infrastructure and policies that promote the availability of affordable medications have further stimulated the growth of the pharmacies market. In conclusion, the Pharmacies market in Chad is developing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing demand for pharmaceutical products and services, the establishment of more pharmacies, the need for accessible healthcare in remote areas, and the country's improving economic stability all contribute to the growth and development of the pharmacies market in Chad.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. 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 relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.