Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Algeria has been experiencing steady growth in recent years. Customer preferences in the Algerian market for analgesics are largely driven by the need for effective pain relief. Algerian consumers typically prefer over-the-counter analgesics that provide quick and long-lasting relief from pain. They also value products that are easy to use and have minimal side effects. In addition, affordability is an important consideration for many Algerian consumers, as they seek cost-effective options for managing their pain. One of the key trends in the Algerian analgesics market is the increasing demand for natural and herbal remedies. Algerian consumers are increasingly seeking out analgesics that are derived from natural ingredients and have fewer synthetic chemicals. This trend is driven by a growing awareness of the potential side effects of conventional analgesics and a desire for more holistic approaches to pain management. As a result, there has been a rise in the availability of natural analgesic products in Algerian pharmacies. Another trend in the market is the growing popularity of online pharmacies. Algerian consumers are increasingly turning to online platforms to purchase analgesics, as it offers convenience and a wider range of product options. Online pharmacies also provide access to information and customer reviews, allowing consumers to make more informed decisions about their purchases. This trend is expected to continue as internet penetration and smartphone usage rates increase in Algeria. Local special circumstances in the Algerian market also play a role in shaping the development of the analgesics market. The Algerian healthcare system is predominantly public, with a limited number of private pharmacies. This means that most Algerian consumers rely on public pharmacies to access analgesics. The availability and affordability of analgesics in public pharmacies are therefore important considerations for consumers. Underlying macroeconomic factors in Algeria also contribute to the development of the analgesics market. The Algerian economy has been facing challenges in recent years due to a decline in oil prices and political instability. This has led to a decrease in consumer purchasing power and a greater emphasis on affordability. As a result, consumers are more likely to opt for lower-priced analgesics and seek out cost-effective options for pain management. Overall, the Analgesics (Pharmacies) market in Algeria is developing in response to customer preferences for effective, affordable, and natural pain relief options. The rise of online pharmacies and the availability of natural analgesics reflect these preferences. Local special circumstances, such as the predominance of public pharmacies, also shape the market. The underlying macroeconomic factors in Algeria, including economic challenges and consumer purchasing power, further influence the development of the market.
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.
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