Key regions: Australia, United States, India, Europe, China
The Digestive & Intestinal Remedies (Pharmacies) market in EAEU is experiencing steady growth due to increasing customer preferences for natural and herbal remedies, as well as the rising prevalence of digestive and intestinal disorders in the region.
Customer preferences: Customers in the EAEU region are increasingly seeking natural and herbal remedies for digestive and intestinal issues. This shift in preference can be attributed to the growing awareness of the potential side effects of pharmaceutical drugs and a desire for more holistic and sustainable healthcare options. As a result, there is a rising demand for products that are made from natural ingredients and have fewer synthetic additives.
Trends in the market: One of the key trends in the Digestive & Intestinal Remedies market in the EAEU region is the growing popularity of probiotics. Probiotic supplements, which contain beneficial bacteria that promote a healthy gut microbiome, are being widely used to manage digestive disorders such as irritable bowel syndrome and acid reflux. The increasing awareness of the importance of gut health and its impact on overall well-being is driving the demand for probiotic products. Another trend in the market is the rising demand for over-the-counter antacids and acid reducers. With changing dietary habits and a rise in stress levels, acid reflux and heartburn have become common issues among the population. As a result, there is a growing need for products that provide quick relief from these symptoms. Antacids and acid reducers are easily accessible and affordable, making them popular choices among consumers.
Local special circumstances: The EAEU region comprises several countries with diverse cultural and dietary habits. This diversity influences the demand for digestive and intestinal remedies in each country. For example, countries with a high consumption of spicy and rich foods may have a higher demand for antacids and acid reducers, while countries with a tradition of herbal medicine may have a preference for natural remedies.
Underlying macroeconomic factors: The growing Digestive & Intestinal Remedies market in the EAEU region can be attributed to several underlying macroeconomic factors. Firstly, the region is witnessing an increase in disposable income, which allows consumers to spend more on healthcare products. Additionally, the aging population in the region is driving the demand for digestive and intestinal remedies, as older individuals are more prone to digestive disorders. Furthermore, the healthcare infrastructure and access to pharmacies in the region have improved, making these remedies more easily available to consumers. In conclusion, the Digestive & Intestinal Remedies (Pharmacies) market in the EAEU region is developing due to changing customer preferences towards natural and herbal remedies, the rising prevalence of digestive disorders, and underlying macroeconomic factors such as increasing disposable income and improved healthcare infrastructure. The market is characterized by the growing popularity of probiotics and over-the-counter antacids, catering to the diverse needs of consumers in the region.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
