Key regions: Canada, United Kingdom, United States, China, Europe
The Cold & Cough Remedies (Pharmacies) market in Norway is experiencing steady growth due to customer preferences for over-the-counter remedies, increasing awareness of health and wellness, and a growing aging population. Customer preferences in Norway are shifting towards self-care and over-the-counter remedies for common ailments such as cold and cough. This trend is driven by the convenience and accessibility of purchasing these remedies from pharmacies without the need for a prescription. Customers prefer to treat minor illnesses at home rather than visiting a doctor, which contributes to the demand for cold and cough remedies in pharmacies. The market is also influenced by the increasing awareness of health and wellness among the Norwegian population. People are becoming more proactive in maintaining their health and are seeking preventive measures to avoid falling sick. This includes the use of cold and cough remedies to alleviate symptoms and prevent the illness from worsening. The demand for natural and herbal remedies is also on the rise, as customers are becoming more conscious of the ingredients in the products they use. The aging population in Norway is another factor driving the growth of the Cold & Cough Remedies market. As people age, their immune systems weaken, making them more susceptible to cold and cough. The elderly population seeks remedies to manage their symptoms and improve their quality of life. This demographic segment contributes significantly to the demand for cold and cough remedies in pharmacies. In addition to customer preferences, there are local special circumstances in Norway that contribute to the development of the Cold & Cough Remedies market. The country experiences long and harsh winters, which increases the likelihood of people falling sick with cold and cough. The cold climate and limited sunlight also affect the immune system, making people more vulnerable to illnesses. As a result, the demand for cold and cough remedies is higher in Norway compared to countries with milder climates. Underlying macroeconomic factors also play a role in the growth of the Cold & Cough Remedies market in Norway. The country has a strong economy with a high standard of living, allowing people to afford healthcare products and remedies. The government also provides a robust healthcare system, ensuring access to healthcare services and medications. These factors contribute to the overall demand for cold and cough remedies in pharmacies. In conclusion, the Cold & Cough Remedies (Pharmacies) market in Norway is developing due to customer preferences for over-the-counter remedies, increasing awareness of health and wellness, the growing aging population, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as people prioritize self-care and seek preventive measures to maintain their health and well-being.
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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