Key regions: Australia, United States, India, Europe, China
The Digestive & Intestinal Remedies (Pharmacies) market in Gabon is experiencing significant growth due to changing customer preferences and emerging trends in the market.
Customer preferences: Customers in Gabon are increasingly seeking out digestive and intestinal remedies from pharmacies due to the convenience and accessibility they offer. Pharmacies provide a one-stop solution for customers looking for over-the-counter remedies for common digestive issues such as indigestion, bloating, and diarrhea. Additionally, customers trust the expertise of pharmacists who can provide personalized advice on the most suitable remedies for their specific needs.
Trends in the market: One of the key trends in the Digestive & Intestinal Remedies market in Gabon is the growing demand for natural and herbal remedies. Customers are becoming more conscious of the potential side effects of synthetic medications and are seeking out natural alternatives. This trend is driven by a desire for holistic and sustainable healthcare solutions. As a result, pharmacies in Gabon are expanding their offerings to include a wider range of natural and herbal remedies for digestive and intestinal issues. Another trend in the market is the increasing popularity of probiotics. Probiotics are live bacteria and yeasts that are beneficial for digestive health. They help restore the natural balance of bacteria in the gut and can alleviate common digestive issues. Customers in Gabon are becoming more aware of the benefits of probiotics and are actively seeking out products that contain these beneficial bacteria. Pharmacies are responding to this trend by stocking a variety of probiotic supplements and promoting their benefits to customers.
Local special circumstances: Gabon has a growing middle class population with increasing disposable income. This has led to higher healthcare expenditures, including spending on digestive and intestinal remedies. As customers become more health-conscious, they are willing to invest in products that can improve their digestive health and overall well-being. Pharmacies in Gabon are capitalizing on this trend by expanding their product offerings and providing a wide range of options for customers to choose from.
Underlying macroeconomic factors: The Gabonese economy has been growing steadily in recent years, which has contributed to the growth of the Digestive & Intestinal Remedies market. Economic stability and increasing GDP per capita have resulted in higher consumer spending power, allowing customers to afford healthcare products and services. Additionally, the government of Gabon has been investing in the healthcare sector, which has improved access to healthcare services and increased awareness about the importance of digestive health. These macroeconomic factors have created a favorable environment for the growth of the Digestive & Intestinal Remedies market in Gabon.
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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