Key regions: Canada, United Kingdom, United States, China, Europe
The Cold & Cough Remedies (Pharmacies) market in Malta has been experiencing significant growth in recent years.
Customer preferences: Customers in Malta have shown a strong preference for over-the-counter cold and cough remedies purchased from pharmacies. This preference can be attributed to several factors. Firstly, customers appreciate the convenience of being able to purchase these remedies without a prescription, allowing them to quickly and easily alleviate their symptoms. Additionally, customers trust the expertise of pharmacists in recommending the most suitable remedies for their specific needs.
Trends in the market: One of the key trends in the Cold & Cough Remedies (Pharmacies) market in Malta is the increasing demand for natural and herbal remedies. Customers are becoming more conscious about the ingredients in the products they consume and are seeking alternatives to traditional pharmaceutical remedies. This trend can be observed worldwide, as consumers are increasingly turning to natural and holistic approaches to healthcare. In response to this trend, pharmacies in Malta have started to stock a wider range of natural and herbal cold and cough remedies to cater to the changing preferences of their customers. Another trend in the market is the growing popularity of combination remedies. Customers are looking for products that provide relief for multiple symptoms, such as cough, congestion, and sore throat, in a single dose. This trend can be attributed to the convenience it offers, as customers can address multiple symptoms with a single medication. Pharmacies in Malta have responded to this trend by stocking a variety of combination remedies to meet the demands of their customers.
Local special circumstances: One of the unique factors influencing the Cold & Cough Remedies (Pharmacies) market in Malta is the country's high population density. With a small land area and a relatively large population, pharmacies in Malta are often located in close proximity to residential areas, making them easily accessible to customers. This accessibility contributes to the convenience and popularity of purchasing cold and cough remedies from pharmacies.
Underlying macroeconomic factors: The growth of the Cold & Cough Remedies (Pharmacies) market in Malta can also be attributed to the country's strong economy and high disposable income levels. As the economy continues to grow, consumers have more purchasing power, allowing them to spend on healthcare products and remedies. Furthermore, the government's focus on healthcare and wellness has also contributed to the growth of the market, as it encourages individuals to take proactive measures to maintain their health and well-being. In conclusion, the Cold & Cough Remedies (Pharmacies) market in Malta is experiencing growth due to customer preferences for over-the-counter remedies, the increasing demand for natural and herbal alternatives, and the popularity of combination remedies. The country's high population density and strong economy also contribute to 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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