Key regions: Australia, United States, India, Europe, China
The Digestive & Intestinal Remedies (Pharmacies) market in Bosnia and Herzegovina has been experiencing significant growth in recent years.
Customer preferences: Customers in Bosnia and Herzegovina have shown a growing preference for Digestive & Intestinal Remedies purchased from pharmacies. This is due to the perception that these remedies are of higher quality and more effective than those available over-the-counter. Additionally, customers value the convenience of being able to consult with a pharmacist and receive personalized advice before purchasing these products.
Trends in the market: One of the key trends in the Digestive & Intestinal Remedies market in Bosnia and Herzegovina is the increasing demand for natural and herbal remedies. Customers are becoming more health-conscious and are seeking out products that are perceived to be more natural and have fewer side effects. This has led to a rise in the popularity of herbal Digestive & Intestinal Remedies that are made from plant-based ingredients. Another trend in the market is the growing popularity of probiotics. Probiotics are live bacteria and yeasts that are beneficial for digestive health. They are believed to improve the balance of bacteria in the gut and help alleviate digestive issues. Customers in Bosnia and Herzegovina are increasingly aware of the benefits of probiotics and are incorporating them into their daily routines.
Local special circumstances: Bosnia and Herzegovina has a relatively high prevalence of digestive disorders among its population. This can be attributed to factors such as a diet high in processed foods, stress, and a sedentary lifestyle. As a result, there is a higher demand for Digestive & Intestinal Remedies in the country compared to some other regions.
Underlying macroeconomic factors: The growing middle class in Bosnia and Herzegovina has contributed to the increasing demand for Digestive & Intestinal Remedies. As disposable incomes rise, more individuals are able to afford these products and are willing to spend on their health and well-being. Additionally, the aging population in the country is another factor driving the growth of the market. Older adults are more likely to experience digestive issues and are therefore more likely to purchase Digestive & Intestinal Remedies. In conclusion, the Digestive & Intestinal Remedies (Pharmacies) market in Bosnia and Herzegovina is experiencing growth due to customer preferences for higher quality products, the increasing popularity of natural and herbal remedies, and the rising demand for probiotics. The local special circumstances, such as a higher prevalence of digestive disorders, further contribute to the growth of the market. The underlying macroeconomic factors, such as the growing middle class and aging population, also play a role in driving 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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