Digestive & Intestinal Remedies (Pharmacies) - Croatia

  • Croatia
  • Revenue in the Digestives & Intestinal Remedies market is projected to reach US$53.18m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.63%, resulting in a market volume of US$60.55m by 2029.
  • In global comparison, most revenue will be generated in China (US$3,367.00m in 2024).
  • In relation to total population figures, per person revenues of US$13.34 are generated in 2024.

Key regions: Australia, United States, India, Europe, China

 
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Analyst Opinion

The Digestive & Intestinal Remedies (Pharmacies) market in Croatia is experiencing steady growth due to a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences:
Customers in Croatia are increasingly seeking digestive and intestinal remedies to address common health issues such as indigestion, heartburn, and stomach discomfort. This growing demand is driven by a variety of factors, including changes in dietary habits, increased stress levels, and a greater awareness of the importance of digestive health. As a result, consumers are actively seeking out products that can provide relief and improve their overall well-being.

Trends in the market:
One notable trend in the Digestive & Intestinal Remedies market in Croatia is the rising popularity of natural and herbal remedies. Consumers are becoming more conscious of the ingredients in the products they use and are opting for natural alternatives that are perceived as safer and more sustainable. This trend is reflected in the increasing availability and variety of natural digestive and intestinal remedies in pharmacies across the country. Another trend is the growing preference for over-the-counter (OTC) products. Customers are increasingly self-diagnosing their digestive issues and seeking immediate relief through OTC remedies, rather than visiting a healthcare professional. This shift in consumer behavior is driving the sales of OTC digestive and intestinal remedies in pharmacies, as they offer convenience and affordability.

Local special circumstances:
Croatia's geographical location and Mediterranean climate contribute to a unique set of local special circumstances that impact the Digestive & Intestinal Remedies market. The country's rich culinary tradition, which includes heavy and fatty foods, can lead to digestive issues among the population. This creates a significant demand for remedies that can alleviate discomfort and promote healthy digestion. Additionally, Croatia is a popular tourist destination, attracting millions of visitors each year. The influx of tourists, especially during the summer season, increases the demand for digestive and intestinal remedies in pharmacies. Many tourists may experience digestive issues due to changes in diet, unfamiliar foods, or travel-related stress. Pharmacies in popular tourist areas cater to this demand by offering a wide range of products specifically targeting digestive health.

Underlying macroeconomic factors:
The steady growth of the Digestive & Intestinal Remedies market in Croatia is also influenced by underlying macroeconomic factors. The country's improving economy and rising disposable incomes have resulted in increased healthcare spending. As a result, consumers have more purchasing power to invest in their well-being, including the purchase of digestive and intestinal remedies from pharmacies. Furthermore, the government's focus on promoting a healthy lifestyle and preventive healthcare plays a role in driving the demand for digestive and intestinal remedies. Public health campaigns and initiatives encourage individuals to take proactive measures to maintain their digestive health, leading to an increased awareness and demand for related products. In conclusion, the Digestive & Intestinal Remedies (Pharmacies) market in Croatia is experiencing growth due to customer preferences for natural remedies and OTC products, local special circumstances such as dietary habits and tourism, and underlying macroeconomic factors including rising disposable incomes and government initiatives. As these factors continue to shape the market, it is expected that the demand for digestive and intestinal remedies will continue to rise in Croatia.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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