Key regions: Australia, United States, India, Europe, China
The Digestive & Intestinal Remedies (Pharmacies) market in Angola is experiencing steady growth due to changing customer preferences and increasing demand for these products. Customer preferences in the Digestive & Intestinal Remedies market in Angola are shifting towards natural and herbal remedies. Consumers are becoming more conscious about the ingredients and potential side effects of pharmaceutical products, leading them to seek alternative options. This trend is in line with the global shift towards natural and organic products, as consumers become more health-conscious and prioritize products that are perceived as safer and more sustainable. In addition to changing customer preferences, there are several trends driving the growth of the Digestive & Intestinal Remedies market in Angola. One of the key trends is the increasing prevalence of digestive disorders and gastrointestinal issues. Poor dietary habits, stress, and sedentary lifestyles are contributing to a rise in digestive problems among the population. As a result, there is a growing demand for remedies that can provide relief from symptoms such as indigestion, bloating, and constipation. Another trend in the market is the expansion of the pharmacy retail sector in Angola. Pharmacies are becoming more accessible and are expanding their product offerings to meet the growing demand for digestive and intestinal remedies. This trend is driven by an increase in disposable income, urbanization, and a growing middle class in Angola. As more people have access to healthcare services and can afford over-the-counter medications, the demand for digestive and intestinal remedies is expected to continue growing. Local special circumstances in Angola also contribute to the development of the Digestive & Intestinal Remedies market. The country has a high prevalence of infectious diseases, which can often lead to gastrointestinal issues. This creates a need for remedies that can provide relief and support digestive health. Additionally, Angola has a young population, and young adults are more likely to experience digestive problems due to lifestyle factors such as poor diet and stress. Underlying macroeconomic factors also play a role in the growth of the Digestive & Intestinal Remedies market in Angola. The country has been experiencing economic growth in recent years, which has led to an increase in disposable income and consumer spending. As more people have the financial means to purchase healthcare products, the demand for digestive and intestinal remedies is expected to rise. Overall, the Digestive & Intestinal Remedies market in Angola is developing due to changing customer preferences, increasing prevalence of digestive disorders, expansion of the pharmacy retail sector, local special circumstances, and underlying macroeconomic factors. As consumers become more health-conscious and have greater access to healthcare products, the demand for digestive and intestinal remedies is expected to continue growing in Angola.
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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