Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Egypt has been experiencing steady growth in recent years.
Customer preferences: Egyptian consumers have shown a growing preference for analgesics purchased from pharmacies rather than other retail channels. This can be attributed to the perception of pharmacies as trusted sources of medication and the availability of knowledgeable pharmacists who can provide advice on the best analgesics for specific ailments. Furthermore, the convenience of purchasing analgesics alongside other healthcare products at pharmacies has also contributed to this preference.
Trends in the market: One of the key trends in the Analgesics (Pharmacies) market in Egypt is the increasing demand for over-the-counter (OTC) analgesics. This can be attributed to several factors. Firstly, the rising awareness of self-care and the desire for immediate relief from pain have led consumers to seek out OTC analgesics. Secondly, the affordability and accessibility of OTC analgesics make them an attractive option for many consumers. Finally, the growing number of pharmacies across Egypt has made it easier for consumers to access OTC analgesics. Another trend in the market is the growing popularity of natural and herbal analgesics. Egyptian consumers are increasingly seeking out alternative remedies for pain relief, and natural and herbal analgesics are seen as a safer and more sustainable option compared to conventional analgesics. This trend is driven by a desire for products that are perceived to have fewer side effects and a preference for traditional remedies.
Local special circumstances: One of the unique factors influencing the Analgesics (Pharmacies) market in Egypt is the cultural and religious practices of the population. Egypt has a predominantly Muslim population, and Islamic teachings discourage the consumption of alcohol. As a result, analgesics that contain alcohol, such as some liquid pain relievers, may be less popular among consumers. This has led to a preference for alternative forms of analgesics, such as tablets or capsules, that do not contain alcohol.
Underlying macroeconomic factors: The growing Analgesics (Pharmacies) market in Egypt can also be attributed to underlying macroeconomic factors. Egypt has been experiencing economic growth in recent years, which has led to an increase in disposable income among consumers. This has allowed consumers to spend more on healthcare products, including analgesics. Additionally, the government's focus on improving healthcare infrastructure and increasing access to healthcare services has also contributed to the growth of the Analgesics (Pharmacies) market in Egypt. In conclusion, the Analgesics (Pharmacies) market in Egypt is developing due to customer preferences for pharmacy purchases, the increasing demand for OTC analgesics, the popularity of natural and herbal remedies, local cultural and religious practices, and underlying macroeconomic factors such as economic growth and improved healthcare infrastructure.
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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