Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Georgia is experiencing significant growth and development.
Customer preferences: Customers in Georgia have shown a growing preference for analgesics purchased from pharmacies. This preference can be attributed to the increasing awareness about the importance of pain management and the availability of a wide range of analgesic products in pharmacies. Customers trust pharmacies to provide them with reliable and effective pain relief solutions, and they appreciate the convenience of being able to consult with a pharmacist for advice on the most suitable analgesic for their needs.
Trends in the market: One of the key trends in the Analgesics (Pharmacies) market in Georgia is the rising demand for over-the-counter (OTC) analgesics. OTC analgesics are medications that can be purchased without a prescription, and they are becoming increasingly popular among customers in Georgia. This trend can be attributed to several factors, including the convenience and accessibility of OTC analgesics, as well as the growing awareness about the safety and efficacy of these products. Customers in Georgia are also seeking out analgesics that offer multiple benefits, such as those that provide both pain relief and anti-inflammatory effects. Another trend in the market is the increasing demand for natural and herbal analgesics. Customers in Georgia are becoming more conscious of the potential side effects of conventional analgesics, and they are seeking out alternative options that are perceived to be safer and more natural. This trend is driven by the growing popularity of natural and holistic healthcare approaches, as well as the increasing availability of natural analgesic products in pharmacies.
Local special circumstances: Georgia has a rapidly aging population, which is contributing to the growth of the Analgesics (Pharmacies) market. As people age, they are more likely to experience chronic pain, and they require analgesics to manage their symptoms. The aging population in Georgia is also more health-conscious and proactive about pain management, which is driving the demand for analgesics in pharmacies.
Underlying macroeconomic factors: The growing economy of Georgia is also fueling the development of the Analgesics (Pharmacies) market. As people's disposable incomes increase, they are more willing to spend on healthcare products, including analgesics. Additionally, the government of Georgia has been investing in the healthcare sector, which has led to improvements in the availability and accessibility of healthcare services, including pharmacies. These factors are contributing to the overall growth and development of the Analgesics (Pharmacies) market in Georgia.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
