Analgesics (Pharmacies) - Tajikistan

  • Tajikistan
  • Revenue in the Analgesics market is projected to reach US$9.66m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.84%, resulting in a market volume of US$16.90m by 2029.
  • In global comparison, most revenue will be generated in China (US$5,028.00m in 2024).
  • In relation to total population figures, per person revenues of US$0.94 are generated in 2024.

Key regions: China, South Korea, Canada, India, France

 
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Analyst Opinion

The Analgesics (Pharmacies) market in Tajikistan is experiencing significant growth due to various factors.

Customer preferences:
Customers in Tajikistan have shown a growing preference for analgesics purchased from pharmacies. This can be attributed to the trust and reliability associated with purchasing medication from licensed pharmacies. Additionally, customers prefer the convenience of being able to consult with a pharmacist and receive professional advice on the best analgesic for their specific needs.

Trends in the market:
One of the key trends in the Analgesics (Pharmacies) market in Tajikistan is the increasing demand for over-the-counter analgesics. This can be attributed to the rising awareness among the population about self-medication and the availability of a wide range of analgesics without the need for a prescription. The convenience and accessibility of over-the-counter analgesics in pharmacies have contributed to their popularity among customers. Another trend in the market is the growing demand for natural and herbal analgesics. Customers in Tajikistan are increasingly seeking alternative and natural remedies for pain relief. This trend aligns with the global shift towards natural and organic products in the healthcare industry. Pharmacies in Tajikistan have responded to this demand by expanding their range of natural and herbal analgesics to cater to the preferences of their customers.

Local special circumstances:
Tajikistan is a country with a growing population and an increasing prevalence of chronic diseases and conditions that require pain management. This has resulted in a higher demand for analgesics in the country. Additionally, the healthcare infrastructure in Tajikistan is still developing, and pharmacies play a crucial role in providing accessible healthcare services to the population. The reliance on pharmacies for medication contributes to the growth of the Analgesics (Pharmacies) market in Tajikistan.

Underlying macroeconomic factors:
The growth in the Analgesics (Pharmacies) market in Tajikistan can also be attributed to the overall economic development of the country. As the economy improves, the disposable income of the population increases, allowing them to spend more on healthcare and medication. This has led to a higher demand for analgesics in pharmacies. Furthermore, the government of Tajikistan has been implementing policies to improve the healthcare system and increase access to medication. This includes initiatives to expand the network of pharmacies and improve the availability of essential drugs. These efforts have contributed to the growth of the Analgesics (Pharmacies) market in Tajikistan. In conclusion, the Analgesics (Pharmacies) market in Tajikistan is experiencing growth due to customer preferences for purchasing medication from pharmacies, the increasing demand for over-the-counter and natural analgesics, local special circumstances such as the reliance on pharmacies for healthcare services, and underlying macroeconomic factors such as economic development and government initiatives to improve healthcare access.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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