Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Jordan has been experiencing steady growth in recent years.
Customer preferences: Customers in Jordan have shown a growing preference for analgesics purchased from pharmacies rather than other retail channels. This could be attributed to the trust and confidence that customers place in pharmacies, which are seen as reliable sources of healthcare products. Additionally, the convenience of purchasing analgesics from pharmacies, which are often located within close proximity to residential areas, has also contributed to the shift in customer preferences.
Trends in the market: One of the key trends in the Analgesics (Pharmacies) market in Jordan is the increasing demand for over-the-counter (OTC) analgesics. This trend can be attributed to several factors. Firstly, there is a growing awareness among consumers about self-medication and the availability of OTC analgesics for common ailments such as headaches and muscle pain. Secondly, the rising healthcare costs and the limited availability of healthcare professionals have also contributed to the increased reliance on OTC analgesics. Another trend in the market is the growing popularity of natural and herbal analgesics. This can be attributed to the increasing consumer preference for natural and organic products across various industries, including healthcare. Customers in Jordan are increasingly seeking analgesics that are derived from natural ingredients and have minimal side effects. This trend is in line with the global shift towards more sustainable and eco-friendly products.
Local special circumstances: One of the unique aspects of the Analgesics (Pharmacies) market in Jordan is the cultural and religious considerations that influence customer preferences. Jordan is a predominantly Muslim country, and Islamic teachings prohibit the consumption of certain substances, such as alcohol. As a result, customers in Jordan prefer analgesics that are alcohol-free. This has led to the availability of a wide range of alcohol-free analgesics in the market to cater to this specific customer preference.
Underlying macroeconomic factors: The growth of the Analgesics (Pharmacies) market in Jordan can also be attributed to the country's stable economic conditions. Jordan has witnessed steady economic growth in recent years, which has resulted in increased disposable income among consumers. This has, in turn, led to higher healthcare expenditure, including the purchase of analgesics. Additionally, the government's focus on improving healthcare infrastructure and access to healthcare services has also contributed to the growth of the market. In conclusion, the Analgesics (Pharmacies) market in Jordan is developing due to the shifting customer preferences towards purchasing analgesics from pharmacies, the increasing demand for OTC analgesics, the growing popularity of natural and herbal analgesics, the cultural and religious considerations that influence customer preferences, and the stable macroeconomic conditions 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.
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