Key regions: Canada, United Kingdom, United States, China, Europe
The Cold & Cough Remedies (Pharmacies) market in Chad has been experiencing steady growth in recent years.
Customer preferences: Chadian consumers have shown a growing preference for over-the-counter cold and cough remedies purchased from pharmacies. This preference can be attributed to several factors. Firstly, the convenience of purchasing these remedies from pharmacies is highly valued by consumers, as it saves them time and effort compared to visiting a doctor for a prescription. Additionally, the availability of a wide range of cold and cough remedies in pharmacies allows consumers to choose the product that best suits their needs. Lastly, the affordability of these remedies compared to prescription medications also plays a role in the customer preference for purchasing from pharmacies.
Trends in the market: One of the key trends in the Cold & Cough Remedies (Pharmacies) market in Chad is the increasing demand for natural and herbal remedies. This trend is driven by a growing awareness among consumers about the potential side effects of synthetic medications. As a result, there has been a rise in the availability and popularity of natural remedies such as herbal teas, essential oils, and homeopathic remedies in pharmacies. Another trend in the market is the growing demand for combination products that offer relief for multiple symptoms. Consumers are increasingly seeking cold and cough remedies that can address a range of symptoms, such as congestion, sore throat, and cough, in a single product. This trend is driven by the desire for convenience and cost-effectiveness, as consumers prefer to purchase one product that can provide relief for multiple symptoms rather than buying multiple individual remedies.
Local special circumstances: Chad is a landlocked country with limited access to healthcare facilities, particularly in rural areas. As a result, pharmacies play a crucial role in providing healthcare services to the population. Pharmacies not only dispense medications but also serve as a source of information and advice for consumers seeking relief from cold and cough symptoms. This unique role of pharmacies in Chad contributes to the growth of the Cold & Cough Remedies market.
Underlying macroeconomic factors: The growth of the Cold & Cough Remedies (Pharmacies) market in Chad can be attributed to several underlying macroeconomic factors. Firstly, the increasing population and urbanization in the country have led to a larger consumer base for cold and cough remedies. As more people move to urban areas, the demand for over-the-counter remedies is expected to continue growing. Secondly, the rising disposable income of Chadian consumers has also contributed to the growth of the market. As consumers have more disposable income, they are more likely to spend on healthcare products, including cold and cough remedies. Additionally, the government's efforts to improve healthcare infrastructure and access to healthcare services have also played a role in driving the demand for cold and cough remedies in pharmacies. In conclusion, the Cold & Cough Remedies (Pharmacies) market in Chad is experiencing steady growth due to customer preferences for convenience, availability, and affordability. The market is also influenced by trends such as the demand for natural and combination remedies. Special circumstances, such as limited access to healthcare facilities and the unique role of pharmacies, contribute to the growth of the market. Underlying macroeconomic factors, including population growth, rising disposable income, and government initiatives, also play a significant role in driving the market's development.
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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