Analgesics (Pharmacies) - Tanzania

Revenue in the Analgesics market is projected to reach US$70.65m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.93%, resulting in a market volume of US$113.40m by 2029.
In global comparison, most revenue will be generated China (US$5.03bn in 2024).
In relation to total population figures, per person revenues of US$1.02 are generated in 2024.

Definition:
The Analgesics market encompasses non-prescription natural and synthetic non-opioid analgesics sold through pharmacies. These include well-known products such as Paracetamol, Ibuprofen, Aspirin, Diclofenac, and various pain-relieving preparations. The market's scope varies with national legislation concerning opioid analgesics, with legal opioids being incorporated based on respective state regulations. In countries like Germany, Austria, and Switzerland, opioid analgesics are included if they comply with narcotics law limitations and do not necessitate a prescription. The analgesics are presented in forms like pills, capsules, gels, and ointments. However, the market excludes prescription medications (e.g., morphine), anesthetics, and homeopathic remedies. Notable top-selling painkillers encompass Voltaren, Aspirin, Thomapyrin, Ibuprofen, Dolormin, Paracetamol, and ASS. This market exclusively covers product sales through pharmacies.

Additional information:
The Analgesics market comprises revenues, average revenue per capita and average revenue per pharmacy. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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Over-the-counter analgesics (e.g. Aspirin and Paracetamol)
Natural and synthetic agents
In the form of pills, capsules, gels and ointments

Prescription medicines
Homeopathic remedies
Anesthetics

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global online pharmacy sector was estimated at 32 billion U.S. dollars by the end of 2023. In the United States, forecasts indicate that this figure would reach approximately 5.7 billion, solidifying its position as one of the largest online pharmacy markets. However, China dominates the pharma e-commerce industry worldwide, generating nearly 8.5 billion dollars in revenue. With China at the forefront, it is no wonder digital pharmacies make up the fastest-growing segment in the Asian digital health market.