Key regions: Canada, United Kingdom, United States, China, Europe
The Cold & Cough Remedies (Pharmacies) market in Jordan is experiencing steady growth due to several factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the development of this market. Customer preferences play a significant role in the growth of the Cold & Cough Remedies (Pharmacies) market in Jordan. Consumers are increasingly seeking over-the-counter remedies for common cold and cough symptoms. This preference for self-medication is driven by factors such as convenience, affordability, and the desire to avoid visiting doctors for minor ailments. As a result, the demand for cold and cough remedies in pharmacies has been steadily increasing. Trends in the market also contribute to the growth of the Cold & Cough Remedies (Pharmacies) market in Jordan. There is a growing awareness among consumers about the importance of maintaining good health and taking preventive measures to avoid illnesses. This has led to an increased demand for cold and cough remedies, as people are more proactive in managing their health. Additionally, the market is witnessing a shift towards natural and herbal remedies, as consumers are becoming more conscious about the ingredients in the products they use. Local special circumstances in Jordan further contribute to the development of the Cold & Cough Remedies (Pharmacies) market. The country has a high prevalence of respiratory diseases, such as asthma and allergies, which increases the demand for cold and cough remedies. The dry and dusty climate in certain regions of Jordan also exacerbates respiratory symptoms, leading to a higher need for these remedies. Moreover, the country has a well-established healthcare system with a strong network of pharmacies, making it convenient for consumers to access cold and cough remedies. Underlying macroeconomic factors also play a role in the growth of the Cold & Cough Remedies (Pharmacies) market in Jordan. The country has been experiencing steady economic growth, which has led to an increase in disposable income among the population. This, in turn, has contributed to higher consumer spending on healthcare products, including cold and cough remedies. Additionally, the government of Jordan has been investing in healthcare infrastructure and promoting the use of generic medicines, which has made these remedies more affordable and accessible to the general population. In conclusion, the Cold & Cough Remedies (Pharmacies) market in Jordan is developing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing demand for over-the-counter remedies, growing awareness about preventive healthcare, local respiratory conditions, and a favorable economic environment all contribute to the growth of this market.
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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