Key regions: Canada, United Kingdom, United States, China, Europe
The Cold & Cough Remedies (Pharmacies) market in Republic of the Congo is experiencing steady growth due to increasing customer preferences for over-the-counter remedies, as well as local special circumstances and underlying macroeconomic factors.
Customer preferences: In the Republic of the Congo, customers prefer convenient and accessible solutions for their cold and cough symptoms. As a result, over-the-counter remedies available in pharmacies are highly sought after. Customers value the ability to quickly and easily purchase these remedies without the need for a prescription or a visit to a healthcare professional.
Trends in the market: One of the key trends in the Cold & Cough Remedies (Pharmacies) market in the Republic of the Congo is the growing demand for natural and herbal remedies. Customers are increasingly turning to products that are perceived to be more natural and have fewer side effects. This trend is in line with the global market, where there is a growing interest in natural and alternative remedies. Another trend in the market is the increasing availability of a wide range of cold and cough remedies in pharmacies. Pharmacies in the Republic of the Congo are expanding their product offerings to meet the growing demand. This includes not only traditional remedies such as cough syrups and throat lozenges, but also newer products such as nasal sprays and herbal supplements.
Local special circumstances: The Republic of the Congo has a tropical climate, which can contribute to the prevalence of cold and cough symptoms. The warm and humid weather creates an environment that is conducive to the spread of respiratory infections. This may explain the higher demand for cold and cough remedies in the country.
Underlying macroeconomic factors: The Republic of the Congo has been experiencing economic growth in recent years, which has contributed to the development of the Cold & Cough Remedies (Pharmacies) market. As the economy improves, consumers have more disposable income to spend on healthcare products, including remedies for cold and cough symptoms. This increased purchasing power has fueled the growth of the market. In addition, the government of the Republic of the Congo has been investing in the healthcare sector, including the expansion of healthcare facilities and the improvement of access to healthcare services. This has created a favorable environment for the development of the Cold & Cough Remedies (Pharmacies) market, as customers have better access to pharmacies and healthcare professionals who can recommend and prescribe remedies for their cold and cough symptoms. In conclusion, the Cold & Cough Remedies (Pharmacies) market in the Republic of the Congo is growing due to customer preferences for over-the-counter remedies, the availability of a wide range of products in pharmacies, local special circumstances such as the tropical climate, and underlying macroeconomic factors including economic growth and government investment in the healthcare sector.
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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