Key regions: France, Australia, India, South Korea, Germany
The Other OTC Pharmaceuticals (Pharmacies) market in Zambia has been experiencing significant growth in recent years.
Customer preferences: Zambian consumers have shown a growing preference for over-the-counter (OTC) pharmaceutical products. This can be attributed to several factors, including the convenience of purchasing medications without a prescription, the availability of a wide range of products, and the affordability of OTC drugs compared to prescription medications. Additionally, the increasing awareness of self-care and the desire for quick relief from common ailments have also contributed to the popularity of OTC pharmaceuticals in Zambia.
Trends in the market: One of the key trends in the Other OTC Pharmaceuticals (Pharmacies) market in Zambia is the rising demand for herbal and traditional medicine products. Zambians have a long-standing tradition of using herbal remedies for various health conditions, and this trend has continued to grow in recent years. The market has responded to this demand by offering a wide range of herbal and traditional medicine products, including supplements, teas, and creams. Another trend in the market is the increasing availability of OTC pharmaceuticals through online platforms. With the growing penetration of smartphones and internet access in Zambia, consumers are increasingly turning to online platforms to purchase their healthcare products. This trend has been further accelerated by the COVID-19 pandemic, which has led to a shift towards online shopping across various industries.
Local special circumstances: Zambia has a relatively underdeveloped healthcare infrastructure, with limited access to healthcare facilities in rural areas. This has led to a greater reliance on pharmacies for basic healthcare needs, including the purchase of OTC pharmaceuticals. Pharmacies often serve as the first point of contact for many Zambians seeking healthcare advice and products, making them an essential component of the healthcare system.
Underlying macroeconomic factors: Zambia has experienced steady economic growth in recent years, which has contributed to the increasing disposable income of its population. As a result, more people are able to afford healthcare products, including OTC pharmaceuticals. Additionally, the government has implemented policies to improve access to healthcare services and reduce the cost of medications, further driving the demand for OTC pharmaceuticals. In conclusion, the Other OTC Pharmaceuticals (Pharmacies) market in Zambia is growing due to the preferences of consumers for convenient and affordable healthcare products. The market is witnessing trends such as the demand for herbal and traditional medicine products and the increasing availability of OTC pharmaceuticals through online platforms. The local special circumstances, including the limited healthcare infrastructure and the role of pharmacies as the first point of contact for healthcare needs, further contribute to the growth of the market. The underlying macroeconomic factors, including economic growth and government policies, also play a significant role in driving the demand for OTC pharmaceuticals in Zambia.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
