Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Finland is experiencing steady growth due to several factors.
Customer preferences: Customers in Finland are increasingly seeking out analgesics from pharmacies for their pain relief needs. This is driven by a growing awareness of the effectiveness and safety of these products, as well as a preference for professional advice and guidance from pharmacists. Additionally, customers in Finland value convenience and accessibility, and pharmacies provide a convenient one-stop solution for purchasing analgesics along with other healthcare products.
Trends in the market: One of the key trends in the Analgesics (Pharmacies) market in Finland is the increasing demand for over-the-counter (OTC) analgesics. Customers are opting for OTC products due to their ease of access and lower cost compared to prescription-based analgesics. OTC analgesics are widely available in pharmacies without the need for a doctor's prescription, making them a convenient choice for customers seeking immediate pain relief. Another trend in the market is the growing popularity of natural and herbal analgesics. Customers in Finland are becoming more health-conscious and are seeking out alternative options to traditional analgesics. Natural and herbal analgesics are perceived as safer and have fewer side effects compared to their synthetic counterparts. Pharmacies are catering to this demand by expanding their range of natural and herbal analgesics to meet customer preferences.
Local special circumstances: Finland has a well-developed healthcare system, which includes a strong network of pharmacies. The Finnish government has implemented policies to ensure that pharmacies are easily accessible to the population, even in remote areas. This accessibility, combined with the expertise of pharmacists, has contributed to the growth of the Analgesics (Pharmacies) market in Finland. Customers trust the advice and recommendations provided by pharmacists, which further drives the demand for analgesics from pharmacies.
Underlying macroeconomic factors: Finland has a stable economy with a high standard of living. This allows customers to prioritize their health and well-being, including pain relief. Additionally, the aging population in Finland is contributing to the growth of the Analgesics (Pharmacies) market. As individuals age, they are more likely to experience chronic pain and seek analgesics for relief. The increasing life expectancy in Finland further supports the demand for analgesics from pharmacies. In conclusion, the Analgesics (Pharmacies) market in Finland is growing due to customer preferences for professional advice, convenience, and accessibility. The increasing demand for OTC and natural analgesics, combined with the well-developed healthcare system and stable economy, are driving the growth 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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