Digestive & Intestinal Remedies (Pharmacies) - Namibia

Revenue in the Digestives & Intestinal Remedies market is projected to reach US$1.71m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.54%, resulting in a market volume of US$1.85m 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$0.65 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.
For more information on the data displayed, use the info button next to the boxes.

Natural and synthetic agents
Digestive medicines
Remedies against gastrointestinal complaints

Prescription medicines
Homeopathic remedies
Tea

The Digestive & Intestinal Remedies (Pharmacies) market in Namibia 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: Customers in Namibia are increasingly turning to natural and herbal remedies for digestive and intestinal issues. This shift in preference is driven by a growing awareness of the potential side effects of traditional pharmaceutical products. Consumers are seeking products that are perceived as more gentle on the body and have fewer long-term effects. As a result, there is a rising demand for natural and herbal digestive and intestinal remedies in pharmacies across the country.

Trends in the market: One notable trend in the Digestive & Intestinal Remedies market in Namibia is the increasing popularity of probiotics. Probiotics are live bacteria and yeasts that are beneficial for the digestive system. They help restore the natural balance of bacteria in the gut, promoting healthy digestion. Probiotic supplements and foods are gaining traction among consumers in Namibia, who are looking for ways to improve their digestive health naturally. Another trend in the market is the growing demand for over-the-counter (OTC) digestive and intestinal remedies. OTC products are easily accessible to consumers without a prescription, making them convenient for self-medication. This trend is driven by the busy lifestyles of Namibians, who prefer quick and easy solutions for their digestive and intestinal issues.

Local special circumstances: Namibia has a diverse population, with different cultural and dietary practices. This diversity influences the types of digestive and intestinal remedies that are popular in the country. Traditional herbal remedies, such as herbal teas and tinctures, are widely used by certain ethnic groups in Namibia. These remedies are believed to have healing properties and are often passed down through generations. Pharmacies in Namibia cater to this demand by offering a range of traditional herbal remedies alongside modern pharmaceutical products.

Underlying macroeconomic factors: The rising prevalence of digestive and intestinal disorders in Namibia is a key macroeconomic factor driving the growth of the Digestive & Intestinal Remedies market. Factors such as changing dietary habits, stress, and sedentary lifestyles contribute to the increasing incidence of digestive issues in the country. As a result, there is a growing need for effective remedies to alleviate symptoms and improve overall digestive health. In conclusion, the Digestive & Intestinal Remedies market in Namibia is developing due to customer preferences for natural and herbal remedies, the increasing popularity of probiotics, and the rising prevalence of digestive and intestinal disorders. Pharmacies in Namibia are adapting to these trends by offering a wide range of products to meet the diverse needs of consumers in the country.

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.