Analgesics (Pharmacies) - Tunisia

  • Tunisia
  • Revenue in the Analgesics market is projected to reach US$47.98m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.68%, resulting in a market volume of US$63.25m 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$3.82 are generated in 2024.

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

 
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Analyst Opinion

The Analgesics (Pharmacies) market in Tunisia has been experiencing steady growth in recent years. Customer preferences for over-the-counter pain relief medications have contributed to this trend, along with several other factors. Customer preferences in Tunisia favor convenience and accessibility when it comes to purchasing analgesics. Many consumers prefer to buy these products from pharmacies, where they can receive expert advice from pharmacists and access a wide range of options. This preference for pharmacies is driven by the trust and confidence that customers have in the expertise of pharmacists, who can provide personalized recommendations based on individual needs. Additionally, the convenience of purchasing analgesics from pharmacies allows customers to easily access these products when they are in need of pain relief. Trends in the market also play a role in the growth of the Analgesics (Pharmacies) market in Tunisia. One notable trend is the increasing prevalence of chronic pain conditions, such as arthritis and back pain, among the population. This has led to a higher demand for analgesics as individuals seek relief from their symptoms. Additionally, there is a growing awareness of the importance of self-care and the management of minor ailments, which has further fueled the demand for analgesics in pharmacies. Local special circumstances in Tunisia have also contributed to the development of the Analgesics (Pharmacies) market. The country has a well-established healthcare system, with a large number of pharmacies spread across urban and rural areas. This widespread availability of pharmacies ensures that consumers have easy access to analgesics, regardless of their location. Furthermore, the government has implemented regulations to ensure the quality and safety of pharmaceutical products, which has instilled confidence in consumers when purchasing analgesics from pharmacies. Underlying macroeconomic factors have also played a role in the growth of the Analgesics (Pharmacies) market in Tunisia. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income among the population. As a result, consumers have more purchasing power and are able to afford analgesics from pharmacies. Additionally, the government has made efforts to improve healthcare infrastructure and increase access to healthcare services, which has further supported the growth of the Analgesics (Pharmacies) market. In conclusion, the Analgesics (Pharmacies) market in Tunisia is developing due to customer preferences for convenience and accessibility, as well as the increasing prevalence of chronic pain conditions. The widespread availability of pharmacies, along with government regulations and macroeconomic factors, have also contributed to the growth of the market.

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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