Key regions: Australia, United States, India, Europe, China
The Digestive & Intestinal Remedies (Pharmacies) market in Mongolia has been experiencing steady growth in recent years.
Customer preferences: In Mongolia, there is a growing demand for digestive and intestinal remedies in pharmacies. This can be attributed to several factors. Firstly, the increasing awareness among the population about the importance of digestive health has led to a greater emphasis on preventive healthcare. As a result, more people are seeking remedies to address common digestive issues such as indigestion, bloating, and constipation. Secondly, the changing dietary habits and lifestyle choices of the Mongolian population have also contributed to the rise in digestive problems. With a shift towards a more urbanized and sedentary lifestyle, people are consuming more processed foods and leading more stressful lives, which can impact their digestive health.
Trends in the market: One of the key trends in the Digestive & Intestinal Remedies (Pharmacies) market in Mongolia is the increasing popularity of natural and herbal remedies. Many consumers are turning to traditional remedies that have been used for generations to address digestive issues. This trend is driven by a desire for more natural and holistic approaches to healthcare. Additionally, there is a growing interest in probiotics and other supplements that promote gut health. These products are seen as a way to support the body's natural digestive processes and maintain a healthy gut microbiome.
Local special circumstances: Mongolia's unique geography and climate also play a role in shaping the Digestive & Intestinal Remedies (Pharmacies) market. Mongolia is a landlocked country with a harsh climate, which can impact the availability of fresh produce and contribute to dietary imbalances. Additionally, the traditional Mongolian diet, which is rich in meat and dairy products, may not always provide the necessary fiber and nutrients for optimal digestive health. As a result, there is a need for digestive remedies to supplement the diet and address any deficiencies.
Underlying macroeconomic factors: The overall growth of the healthcare sector in Mongolia is another factor driving the development of the Digestive & Intestinal Remedies (Pharmacies) market. As the economy continues to grow and the standard of living improves, people are willing to spend more on healthcare products and services. This includes spending on digestive remedies to address common health issues. Furthermore, the increasing urbanization and modernization of Mongolia have led to a greater concentration of pharmacies in urban areas, making these remedies more accessible to the population. In conclusion, the Digestive & Intestinal Remedies (Pharmacies) market in Mongolia is experiencing growth due to changing customer preferences, including a greater emphasis on preventive healthcare and a rising demand for natural and herbal remedies. The unique local circumstances, such as the geography and traditional diet, also contribute to the market's development. Additionally, the overall growth of the healthcare sector and increasing accessibility to pharmacies in urban areas are underlying macroeconomic factors that support the market's expansion.
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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