Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Oman has been experiencing steady growth in recent years.
Customer preferences: Customers in Oman have shown a growing preference for over-the-counter analgesics, such as ibuprofen and paracetamol, which can be easily purchased without a prescription. This preference can be attributed to the convenience and accessibility of these medications, as well as the increasing awareness of their effectiveness in treating common ailments such as headaches, muscle aches, and fever. Additionally, customers in Oman tend to prioritize affordability when purchasing analgesics, leading to a higher demand for generic and lower-priced options.
Trends in the market: One of the key trends in the Analgesics (Pharmacies) market in Oman is the increasing availability of a wide range of analgesic products in pharmacies. Pharmacies in Oman have expanded their product offerings to cater to the diverse needs and preferences of customers. This includes the introduction of new brands, formulations, and dosage forms, such as tablets, capsules, creams, and gels. The market has also witnessed a rise in the availability of analgesics with additional benefits, such as those that provide fast relief or have extended-release properties. Another trend in the market is the growing demand for natural and herbal analgesics. Customers in Oman are increasingly seeking alternative remedies that are perceived to be safer and have fewer side effects. This has led to an increase in the availability of herbal analgesic products in pharmacies, which often contain ingredients such as turmeric, ginger, and chamomile. These products are marketed as being gentle on the body and providing long-lasting relief.
Local special circumstances: Oman has a rapidly growing population, which has contributed to the increasing demand for analgesics. The country's healthcare system has been expanding to meet the needs of its growing population, resulting in an increase in the number of pharmacies and healthcare facilities. This has led to improved accessibility to analgesics for customers across the country.
Underlying macroeconomic factors: The growing economy of Oman has also played a role in the development of the Analgesics (Pharmacies) market. With increasing disposable incomes and a rising middle class, customers in Oman have more purchasing power and are willing to spend on healthcare products. This has led to an increase in the demand for analgesics, as customers prioritize their health and well-being. In conclusion, the Analgesics (Pharmacies) market in Oman is experiencing growth due to customer preferences for over-the-counter medications, the availability of a wide range of products, the demand for natural and herbal remedies, the country's growing population, and the improving economy. These factors are expected to continue driving the development of the market in the coming years.
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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