Digestive & Intestinal Remedies (Pharmacies) - Mauritius

  • Mauritius
  • Revenue in the Digestives & Intestinal Remedies market is projected to reach US$3.82m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.83%, resulting in a market volume of US$4.61m 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$2.94 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 Mauritius is experiencing steady growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Mauritius are shifting towards a more health-conscious lifestyle, which includes a focus on digestive health. As people become more aware of the importance of maintaining a healthy digestive system, the demand for digestive and intestinal remedies has increased. Customers are seeking products that can alleviate common digestive issues such as indigestion, bloating, and constipation. They are also looking for natural and organic remedies that have fewer side effects. Trends in the market indicate a growing interest in probiotic supplements and herbal remedies for digestive health. Probiotics, which are live bacteria and yeasts that are beneficial for the digestive system, have gained popularity in Mauritius. These supplements help restore the natural balance of bacteria in the gut and promote overall digestive health. Similarly, herbal remedies made from plants and herbs known for their digestive properties are also in demand. Local special circumstances in Mauritius contribute to the development of the Digestive & Intestinal Remedies market. The country has a high prevalence of gastrointestinal disorders, which has led to an increased demand for remedies to alleviate these conditions. The tropical climate and local diet can also contribute to digestive issues, making the market for digestive remedies essential for many Mauritians. Underlying macroeconomic factors also play a role in the growth of the market. Mauritius has a growing middle class with increasing disposable income, allowing people to spend more on healthcare products, including digestive remedies. Additionally, the government of Mauritius has been promoting the development of the pharmaceutical sector, which has led to an increase in the availability and accessibility of digestive and intestinal remedies in pharmacies across the country. In conclusion, the Digestive & Intestinal Remedies (Pharmacies) market in Mauritius is developing due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. As people in Mauritius become more health-conscious and seek natural remedies for digestive issues, the demand for digestive and intestinal remedies is expected to continue growing. With the support of the government and an increasing middle class, the market is poised for further expansion in the coming years.

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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