Key regions: Australia, United States, India, Europe, China
The Digestive & Intestinal Remedies (Pharmacies) market in Ethiopia 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 country.
Customer preferences: Ethiopian customers are increasingly seeking natural and herbal remedies for digestive and intestinal issues. This preference is driven by a growing awareness of the potential side effects of synthetic medications and a desire for more holistic approaches to healthcare. As a result, there is a rising demand for traditional herbal remedies and supplements that are believed to have digestive and intestinal benefits.
Trends in the market: One of the key trends in the Digestive & Intestinal Remedies market in Ethiopia is the growing popularity of traditional Ethiopian herbal remedies. These remedies have been used for centuries in the country and are believed to have various health benefits, including improving digestion and alleviating intestinal discomfort. As more people become interested in traditional medicine, there has been an increase in the availability and variety of herbal remedies in pharmacies. Another trend in the market is the rising prevalence of digestive and intestinal disorders in Ethiopia. Factors such as changes in diet, stress, and lifestyle habits have contributed to an increase in conditions such as irritable bowel syndrome (IBS), acid reflux, and constipation. As a result, there is a higher demand for remedies that can provide relief from these symptoms, driving the growth of the Digestive & Intestinal Remedies market.
Local special circumstances: Ethiopia has a rich tradition of herbal medicine, with many indigenous plants and herbs known for their medicinal properties. This has created a unique market for traditional remedies, with local manufacturers and suppliers catering to the demand for natural products. Additionally, the Ethiopian government has been supportive of traditional medicine, promoting its use and integration into the healthcare system. This has further contributed to the growth of the Digestive & Intestinal Remedies market in the country.
Underlying macroeconomic factors: The Ethiopian economy has been experiencing steady growth in recent years, which has led to an increase in disposable income and improved access to healthcare. As a result, more people are able to afford healthcare products, including Digestive & Intestinal Remedies. Additionally, the government has been investing in the healthcare sector, improving infrastructure and expanding healthcare services across the country. This has created a favorable environment for the growth of the Digestive & Intestinal Remedies market in Ethiopia.
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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