Digestive & Intestinal Remedies (Pharmacies) - Fiji

Revenue in the Digestives & Intestinal Remedies market is projected to reach US$435.60k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.55%, resulting in a market volume of US$518.50k by 2029.
In global comparison, most revenue will be generated China (US$3.37bn in 2024).
In relation to total population figures, per person revenues of US$0.46 are generated in 2024.

Definition:
The Digestives and Intestinal Remedies market encompasses a range of over-the-counter (OTC) natural and synthetic digestive agents and remedies designed to address gastrointestinal concerns. These products are available through pharmacies and are provided in various forms such as pills, powder, capsules, liquids, solutions, suspensions, drops, and suppositories. The market excludes prescription medications, substances contravening state regulations, or items not explicitly categorized as digestive medications (e.g., pain relievers). Notable among the best-selling products in this category are Perenterol, Iberogast, Dulcolax, and Buscopan Plus. This market exclusively covers product sales through pharmacies.

Additional information:
The Digestives and Intestinal Remedies market comprises revenues, average revenue per capita and average revenue per pharmacy. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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Natural and synthetic agents
Digestive medicines
Remedies against gastrointestinal complaints

Prescription medicines
Homeopathic remedies
Tea

The Digestive & Intestinal Remedies (Pharmacies) market in Fiji is experiencing steady growth due to increasing customer preferences for natural and herbal remedies, as well as the rising incidence of digestive health issues.

Customer preferences: In Fiji, customers are increasingly seeking out natural and herbal remedies for digestive and intestinal issues. This shift in preference can be attributed to a growing awareness of the potential side effects of traditional pharmaceutical products. Customers are also becoming more conscious of their overall health and are looking for products that are gentle on their bodies. As a result, there has been a rise in demand for products that contain natural ingredients such as ginger, aloe vera, and turmeric, which are believed to have digestive benefits.

Trends in the market: One noticeable trend in the Digestive & Intestinal Remedies market in Fiji is the increasing popularity of probiotics. Probiotics are live bacteria and yeasts that are beneficial for digestive health. They are commonly found in fermented foods such as yogurt and are also available in supplement form. The trend towards probiotics can be attributed to the growing understanding of the importance of gut health and the role of beneficial bacteria in maintaining a healthy digestive system. Another trend in the market is the rise of functional foods and beverages that are specifically formulated to support digestive health. These products often contain added fiber, prebiotics, or enzymes that aid in digestion. They are marketed as convenient and easy ways to improve digestive health, and are particularly popular among busy individuals who may not have the time to prepare specialized meals or take supplements.

Local special circumstances: Fiji is known for its rich cultural heritage and traditional practices. This includes the use of traditional herbal remedies for various ailments, including digestive issues. The local population has a long history of relying on natural remedies and has a deep-rooted belief in their efficacy. This cultural preference for natural remedies has contributed to the growth of the Digestive & Intestinal Remedies market in Fiji.

Underlying macroeconomic factors: Fiji has experienced steady economic growth in recent years, which has resulted in an increase in disposable income and improved living standards. This has led to a greater willingness among consumers to spend on healthcare products, including digestive remedies. Additionally, the government has been actively promoting healthcare and wellness initiatives, which has further fueled the demand for Digestive & Intestinal Remedies in the country. In conclusion, the Digestive & Intestinal Remedies market in Fiji is growing due to increasing customer preferences for natural and herbal remedies, as well as the rising incidence of digestive health issues. The popularity of probiotics and functional foods, coupled with the cultural preference for natural remedies, has contributed to the growth of the market. The underlying macroeconomic factors, including economic growth and government initiatives, have also played a role in driving the demand for digestive remedies in Fiji.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global online pharmacy sector was estimated at 32 billion U.S. dollars by the end of 2023. In the United States, forecasts indicate that this figure would reach approximately 5.7 billion, solidifying its position as one of the largest online pharmacy markets. However, China dominates the pharma e-commerce industry worldwide, generating nearly 8.5 billion dollars in revenue. With China at the forefront, it is no wonder digital pharmacies make up the fastest-growing segment in the Asian digital health market.