Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Tanzania has been experiencing steady growth in recent years.
Customer preferences: Tanzanian consumers have shown a growing preference for analgesics purchased from pharmacies rather than other retail channels. This is due to the perception that pharmacies offer a wider range of products and higher quality medications. Additionally, consumers trust the expertise of pharmacists in recommending the most appropriate analgesics for their specific needs. This preference for pharmacies has led to an increase in sales of analgesics in these establishments.
Trends in the market: One of the key trends in the Tanzanian analgesics market is the increasing demand for over-the-counter (OTC) analgesics. This can be attributed to several factors. Firstly, the rising awareness of self-medication and the convenience it offers has prompted consumers to seek OTC analgesics for common ailments such as headaches and muscle pain. Secondly, the affordability of OTC analgesics compared to prescription medications has made them more accessible to a wider consumer base. As a result, pharmacies have been expanding their OTC analgesic offerings to cater to this growing demand. Another trend in the market is the growing popularity of natural and herbal analgesics. Tanzanian consumers are becoming more health-conscious and are seeking alternative remedies for pain relief. This trend aligns with the global shift towards natural and organic products. Pharmacies are responding to this demand by stocking a variety of natural and herbal analgesics, including products made from local plants and herbs.
Local special circumstances: Tanzania has a diverse population with different cultural and traditional practices. This diversity influences the demand for analgesics in the market. For example, certain communities in Tanzania have traditional remedies for pain relief that they prefer over conventional analgesics. Pharmacies in Tanzania have recognized this and have started to incorporate traditional remedies into their product offerings to cater to the specific needs of these communities.
Underlying macroeconomic factors: The Tanzanian economy has been experiencing steady growth in recent years, which has contributed to the growth of the analgesics market. As the economy improves, consumers have more disposable income to spend on healthcare products, including analgesics. This increased purchasing power has driven the demand for analgesics in pharmacies. In conclusion, the Analgesics (Pharmacies) market in Tanzania is developing due to the growing preference for pharmacy purchases, the increasing demand for OTC analgesics, the popularity of natural and herbal remedies, local cultural practices, and the underlying macroeconomic factors.
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)
