Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in Turkmenistan is experiencing steady growth due to several factors.
Customer preferences: Customers in Turkmenistan have shown a growing preference for analgesics purchased from pharmacies. This can be attributed to the increasing awareness of the importance of proper healthcare and the availability of a wide range of analgesic products in pharmacies. Customers prefer to consult with pharmacists and receive professional advice before purchasing analgesics, which gives them a sense of trust and confidence in the products they are buying. Additionally, customers appreciate the convenience of being able to purchase analgesics alongside other healthcare products in one location.
Trends in the market: One of the key trends in the Analgesics (Pharmacies) market in Turkmenistan is the growing demand for over-the-counter (OTC) analgesics. OTC analgesics are medications that can be purchased without a prescription, and they are becoming increasingly popular among customers in Turkmenistan. This trend can be attributed to the convenience and accessibility of OTC analgesics, as customers can easily purchase them from pharmacies without the need for a doctor's visit. Additionally, OTC analgesics are often more affordable than prescription medications, making them a preferred choice for customers. Another trend in the market is the increasing demand for natural and herbal analgesics. Customers in Turkmenistan are becoming more health-conscious and are seeking alternative options to traditional analgesics. Natural and herbal analgesics are perceived as being safer and having fewer side effects compared to their synthetic counterparts. This trend is in line with the global shift towards natural and holistic healthcare solutions.
Local special circumstances: Turkmenistan has a unique healthcare system, where the government plays a significant role in providing healthcare services to its citizens. The government has been actively promoting the use of pharmacies as a primary source of healthcare products, including analgesics. This has led to an increase in the number of pharmacies across the country, making analgesics more accessible to the population.
Underlying macroeconomic factors: The growing Analgesics (Pharmacies) market in Turkmenistan can also be attributed to the overall economic development of the country. Turkmenistan has experienced steady economic growth in recent years, which has resulted in an increase in disposable income and improved living standards. As a result, customers have more purchasing power and are willing to spend on healthcare products, including analgesics. Additionally, the government's investments in healthcare infrastructure have contributed to the growth of the market by improving the availability and accessibility of pharmacies.
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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