Analgesics (Pharmacies) - Bahrain

Revenue in the Analgesics market is projected to reach US$35.76m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.51%, resulting in a market volume of US$46.76m by 2029.
In global comparison, most revenue will be generated China (US$5.03bn in 2024).
In relation to total population figures, per person revenues of US$23.86 are generated in 2024.

Definition:
The Analgesics market encompasses non-prescription natural and synthetic non-opioid analgesics sold through pharmacies. These include well-known products such as Paracetamol, Ibuprofen, Aspirin, Diclofenac, and various pain-relieving preparations. The market's scope varies with national legislation concerning opioid analgesics, with legal opioids being incorporated based on respective state regulations. In countries like Germany, Austria, and Switzerland, opioid analgesics are included if they comply with narcotics law limitations and do not necessitate a prescription. The analgesics are presented in forms like pills, capsules, gels, and ointments. However, the market excludes prescription medications (e.g., morphine), anesthetics, and homeopathic remedies. Notable top-selling painkillers encompass Voltaren, Aspirin, Thomapyrin, Ibuprofen, Dolormin, Paracetamol, and ASS. This market exclusively covers product sales through pharmacies.

Additional information:
The Analgesics market comprises revenues, average revenue per capita and average revenue per pharmacy. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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Over-the-counter analgesics (e.g. Aspirin and Paracetamol)
Natural and synthetic agents
In the form of pills, capsules, gels and ointments

Prescription medicines
Homeopathic remedies
Anesthetics

The Analgesics (Pharmacies) market in Bahrain is experiencing steady growth due to customer preferences for over-the-counter pain relief medications, increasing awareness about self-medication, and the presence of local special circumstances.

Customer preferences: Customers in Bahrain prefer to purchase analgesics from pharmacies due to the convenience and availability of a wide range of products. Pharmacies offer a variety of over-the-counter pain relief medications, including tablets, creams, and sprays, allowing customers to choose the most suitable option for their needs. Additionally, the availability of trained pharmacists in pharmacies provides customers with the opportunity to seek professional advice and guidance on the appropriate use of analgesics.

Trends in the market: One of the key trends in the Analgesics (Pharmacies) market in Bahrain is the increasing demand for natural and herbal pain relief products. Customers are becoming more conscious about the potential side effects of synthetic analgesics and are seeking alternatives that are perceived to be safer and more sustainable. This trend is driven by a growing interest in holistic health and wellness, as well as the influence of social media and online platforms promoting natural remedies. Another trend in the market is the rising popularity of combination analgesics, which offer a combination of different active ingredients to provide targeted relief for specific types of pain. Customers are increasingly seeking products that offer multiple benefits, such as pain relief, anti-inflammatory properties, and fever reduction. Combination analgesics cater to these preferences and provide convenience by addressing multiple symptoms with a single product.

Local special circumstances: Bahrain has a high prevalence of chronic conditions such as arthritis and migraines, which contribute to the demand for analgesics. These conditions require long-term pain management, and customers often rely on pharmacies to provide them with the necessary medications. The aging population in Bahrain also contributes to the demand for analgesics, as older individuals are more likely to experience chronic pain and rely on pain relief medications.

Underlying macroeconomic factors: The growing economy of Bahrain, coupled with increased disposable income, has led to higher healthcare spending, including the purchase of analgesics. As the standard of living improves, more individuals are able to afford healthcare products and services, including over-the-counter pain relief medications. The government's focus on improving healthcare infrastructure and services also contributes to the growth of the Analgesics (Pharmacies) market in Bahrain. In conclusion, the Analgesics (Pharmacies) market in Bahrain is developing due to customer preferences for convenience and a wide range of products, the increasing demand for natural and combination analgesics, the prevalence of chronic conditions, and the growing economy and healthcare spending in the country.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global online pharmacy sector was estimated at 32 billion U.S. dollars by the end of 2023. In the United States, forecasts indicate that this figure would reach approximately 5.7 billion, solidifying its position as one of the largest online pharmacy markets. However, China dominates the pharma e-commerce industry worldwide, generating nearly 8.5 billion dollars in revenue. With China at the forefront, it is no wonder digital pharmacies make up the fastest-growing segment in the Asian digital health market.