Key regions: China, South Korea, Canada, India, France
The Analgesics (Pharmacies) market in United Arab Emirates is experiencing steady growth due to various factors such as increasing customer preferences for over-the-counter pain relief medications, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Customers in the United Arab Emirates have shown a growing preference for over-the-counter analgesics purchased from pharmacies. This can be attributed to several reasons. Firstly, the convenience of purchasing these medications from pharmacies allows customers to quickly and easily access pain relief without the need for a prescription. Secondly, the increasing awareness about self-care and the importance of managing minor ailments at home has led to a rise in the demand for over-the-counter analgesics. Lastly, the preference for analgesics from pharmacies can also be attributed to the trust customers place in the expertise and advice of pharmacists.
Trends in the market: One of the key trends in the Analgesics (Pharmacies) market in United Arab Emirates is the growing demand for natural and herbal pain relief products. Customers are becoming more conscious about the ingredients in the medications they consume and are seeking alternatives that are perceived to be safer and have fewer side effects. This trend is driven by the increasing popularity of natural and holistic approaches to healthcare. As a result, pharmacies are expanding their product offerings to include a wider range of natural and herbal analgesics to cater to this growing demand. Another trend in the market is the rising popularity of online pharmacies. With the increasing penetration of internet and smartphones in United Arab Emirates, customers are increasingly turning to online platforms to purchase their analgesics. Online pharmacies offer the convenience of home delivery and a wide range of products to choose from. This trend is expected to continue as more customers embrace the digitalization of healthcare.
Local special circumstances: The United Arab Emirates has a high expatriate population, with people from various countries residing in the country. This diversity in the population leads to a demand for analgesics that cater to different cultural preferences and medical traditions. Pharmacies in United Arab Emirates are adapting to this demand by offering a wide range of analgesics from different countries and regions, ensuring that customers can find products that they are familiar with and trust.
Underlying macroeconomic factors: The United Arab Emirates has a strong healthcare system and a high standard of living, which contributes to the growth of the Analgesics (Pharmacies) market. The country has a well-developed infrastructure and a favorable business environment, attracting multinational pharmaceutical companies to establish a presence in the country. Additionally, the government of United Arab Emirates has been actively investing in the healthcare sector, which has led to the development of modern pharmacies and an increase in the availability of analgesics. In conclusion, the Analgesics (Pharmacies) market in United Arab Emirates is developing due to increasing customer preferences for over-the-counter pain relief medications, emerging trends such as the demand for natural and herbal products and the rise of online pharmacies, local special circumstances including a diverse population, and underlying macroeconomic factors such as a strong healthcare system and government investments in the sector.
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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