Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Morocco is experiencing steady growth due to several factors. Customer preferences for over-the-counter pain relief medication, along with local special circumstances and underlying macroeconomic factors, are driving the development of the market. Customer preferences in Morocco favor convenient and accessible pain relief options. Many individuals prefer to purchase analgesics from pharmacies, where they can receive professional advice and guidance. This preference for pharmacies as a primary distribution channel for analgesics has contributed to the growth of the market. Additionally, customers in Morocco tend to prefer familiar and trusted brands when it comes to purchasing medication, which has further fueled the demand for analgesics in pharmacies. Trends in the market indicate a shift towards natural and herbal pain relief options. Moroccan consumers are increasingly seeking products that are perceived as being more natural and holistic. This trend aligns with the global movement towards wellness and self-care, as individuals are becoming more conscious of the ingredients and potential side effects of pharmaceutical products. As a result, pharmacies in Morocco are expanding their offerings to include a wider range of natural and herbal analgesics to cater to this growing demand. Local special circumstances in Morocco, such as the prevalence of traditional medicine and cultural practices, also impact the development of the analgesics market. Traditional herbal remedies have long been used in Moroccan culture to alleviate pain and discomfort. This cultural preference for natural remedies has influenced the market, as individuals may choose to explore traditional options before turning to pharmaceutical analgesics. Pharmacies in Morocco have recognized this preference and have started incorporating traditional herbal remedies into their product offerings, further driving the growth of the market. Underlying macroeconomic factors, such as population growth and increasing disposable incomes, are contributing to the development of the analgesics market in Morocco. The country's population is growing, resulting in a larger consumer base for analgesics. Additionally, rising disposable incomes have allowed individuals to spend more on healthcare and wellness products, including analgesics. As a result, the demand for analgesics in pharmacies has increased, driving the growth of the market. In conclusion, the Analgesics (Pharmacies) market in Morocco is developing due to customer preferences for convenient and accessible pain relief options, the trend towards natural and herbal remedies, local special circumstances related to traditional medicine, and underlying macroeconomic factors such as population growth and increasing disposable incomes. These factors have contributed to the steady growth of the market and are expected to continue driving its development in the future.
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)
