Key regions: Canada, United Kingdom, United States, China, Europe
The Cold & Cough Remedies (Pharmacies) market in Mozambique is experiencing significant growth and development.
Customer preferences: Customers in Mozambique have shown a growing preference for over-the-counter cold and cough remedies available in pharmacies. This shift in preference can be attributed to the convenience and accessibility of these products. Additionally, customers are increasingly seeking remedies that provide quick relief from symptoms such as coughing, congestion, and sore throat.
Trends in the market: One of the key trends in the Cold & Cough Remedies (Pharmacies) market in Mozambique is the increasing demand for natural and herbal remedies. Customers are becoming more conscious about the ingredients used in the products they consume and are actively seeking natural alternatives. This trend is driven by the belief that natural remedies are safer and have fewer side effects compared to conventional pharmaceutical products. As a result, pharmacies are expanding their product offerings to include a wider range of natural and herbal remedies to cater to this growing demand. Another trend in the market is the rising popularity of combination cold and cough remedies. These products offer a convenient solution for customers who are experiencing multiple symptoms and prefer to purchase a single product that addresses all their needs. Combination remedies often contain a mix of ingredients such as antihistamines, decongestants, and cough suppressants, providing comprehensive relief for cold and cough symptoms.
Local special circumstances: Mozambique's healthcare infrastructure is still developing, and access to healthcare services, including doctors and clinics, can be limited in certain areas. This has led to an increased reliance on pharmacies as a primary source of healthcare advice and treatment. As a result, pharmacies in Mozambique play a crucial role in providing cold and cough remedies to the population.
Underlying macroeconomic factors: Mozambique has experienced steady economic growth in recent years, leading to an increase in disposable income among the population. This rise in income levels has contributed to the growth of the Cold & Cough Remedies (Pharmacies) market as customers are now able to afford these products. Additionally, the country's growing urbanization and changing lifestyles have also contributed to the increased demand for cold and cough remedies. In conclusion, the Cold & Cough Remedies (Pharmacies) market in Mozambique is witnessing significant growth and development. Customers in the country have shown a preference for over-the-counter remedies available in pharmacies, with a growing demand for natural and herbal products. The rising popularity of combination remedies and the reliance on pharmacies as a primary source of healthcare contribute to the market's growth. Additionally, Mozambique's steady economic growth and increasing disposable income levels have also played a role in driving the demand for cold and cough remedies.
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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