Key regions: Australia, United States, India, Europe, China
The Digestive & Intestinal Remedies (Pharmacies) market in Puerto Rico has been experiencing steady growth in recent years.
Customer preferences: Customers in Puerto Rico have shown a growing preference for digestive and intestinal remedies that are natural and organic. This trend is in line with the global shift towards healthier lifestyles and a focus on natural remedies. Consumers are increasingly seeking products that are free from artificial ingredients and chemicals, and that promote overall digestive health.
Trends in the market: One of the key trends in the Digestive & Intestinal Remedies market in Puerto Rico is the increasing demand for probiotics. Probiotics are live bacteria and yeasts that are beneficial for digestive health. They are known to improve digestion, boost the immune system, and promote overall gut health. The growing awareness of the importance of gut health among consumers has led to a surge in demand for probiotics products. Another trend in the market is the rising popularity of digestive enzymes. Digestive enzymes are substances that help break down food and facilitate digestion. They are particularly beneficial for individuals with digestive disorders such as lactose intolerance or irritable bowel syndrome. The increasing prevalence of such conditions has fueled the demand for digestive enzyme supplements.
Local special circumstances: Puerto Rico has a unique demographic makeup and cultural background that influences the Digestive & Intestinal Remedies market. The island has a high prevalence of certain digestive disorders such as gastritis and gastroesophageal reflux disease (GERD). This has created a significant demand for remedies that can alleviate the symptoms associated with these conditions. Furthermore, Puerto Rico has a large population of older adults, who are more likely to experience digestive issues and require remedies to manage their symptoms. The aging population in Puerto Rico has contributed to the growth of the Digestive & Intestinal Remedies market, as older adults are more likely to seek out these products.
Underlying macroeconomic factors: The growth of the Digestive & Intestinal Remedies market in Puerto Rico can also be attributed to several underlying macroeconomic factors. The island has a well-developed healthcare system, with a high number of pharmacies that stock a wide range of digestive and intestinal remedies. Additionally, Puerto Rico has a relatively high per capita income compared to other countries in the region, allowing consumers to afford these products. Overall, the Digestive & Intestinal Remedies market in Puerto Rico is driven by customer preferences for natural and organic products, as well as the increasing awareness of the importance of gut health. The unique demographic makeup of the island, with a high prevalence of digestive disorders and an aging population, further contributes to the growth of the market. The well-developed healthcare system and relatively high per capita income in Puerto Rico also play a role in driving the demand for these products.
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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