Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Kazakhstan is experiencing steady growth, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Customers in Kazakhstan have shown a growing preference for analgesics purchased from pharmacies. This can be attributed to several factors, including the convenience of purchasing medication from a trusted source, the availability of a wide range of analgesic products in pharmacies, and the assurance of quality and safety provided by licensed pharmacies. Additionally, customers in Kazakhstan value the advice and recommendations provided by pharmacists when it comes to selecting the right analgesic for their needs.
Trends in the market: One of the key trends in the Analgesics (Pharmacies) market in Kazakhstan is the increasing demand for over-the-counter (OTC) analgesics. This trend can be attributed to the rising awareness among consumers about self-medication and the availability of a variety of OTC analgesics in pharmacies. Moreover, the growing prevalence of chronic pain conditions and the aging population in Kazakhstan are also contributing to the increased demand for analgesics. Another trend in the market is the growing popularity of natural and herbal analgesics. Consumers in Kazakhstan are increasingly seeking alternative and natural remedies for pain relief, which has led to a rise in the demand for analgesics derived from natural ingredients. This trend is driven by the perception that natural analgesics are safer and have fewer side effects compared to synthetic analgesics.
Local special circumstances: Kazakhstan has a well-established healthcare system, with a large number of pharmacies spread across the country. This extensive network of pharmacies ensures easy access to analgesics for the population, contributing to the growth of the market. Additionally, the government of Kazakhstan has implemented regulations and quality control measures to ensure the safety and efficacy of pharmaceutical products, including analgesics. This has further enhanced consumer confidence in purchasing analgesics from pharmacies.
Underlying macroeconomic factors: The growing economy of Kazakhstan is a key factor driving the development of the Analgesics (Pharmacies) market. As the disposable income of the population increases, consumers are willing to spend more on healthcare products, including analgesics. Moreover, the government's focus on improving healthcare infrastructure and increasing access to healthcare services has also contributed to the growth of the market. These factors, combined with a favorable regulatory environment, have created a conducive market for the expansion of the Analgesics (Pharmacies) market in Kazakhstan. In conclusion, the Analgesics (Pharmacies) market in Kazakhstan is witnessing growth due to customer preferences for purchasing analgesics from pharmacies, the increasing demand for OTC analgesics, the popularity of natural and herbal analgesics, the extensive network of pharmacies, and the growing economy of Kazakhstan. These factors, along with the government's efforts to improve healthcare infrastructure, are driving the development 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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