Pharmacy Usual Items - Bahrain

Bahrain

Highlights

Revenue in the Pharmacy Usual Items market is projected to reach US$29.18m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.69%, resulting in a market volume of US$34.98m by 2029.
In global comparison, most revenue will be generated China (US$48.05bn in 2024).
In relation to total population figures, per person revenues of US$19.47 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Pharmacy Usual Items market in Bahrain is experiencing steady growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Bahrain are driving the growth of the Pharmacy Usual Items market. Customers in Bahrain are increasingly seeking convenience and accessibility when it comes to purchasing healthcare products. They prefer to have easy access to a wide range of pharmacy items, including over-the-counter medications, personal care products, and vitamins. Customers also value competitive pricing and high-quality products. As a result, pharmacies in Bahrain are expanding their offerings to meet these preferences and attract more customers. Trends in the market are also contributing to the growth of the Pharmacy Usual Items market in Bahrain. One notable trend is the increasing popularity of online pharmacies. Customers in Bahrain are increasingly turning to online platforms to purchase their usual pharmacy items. Online pharmacies offer the convenience of shopping from home and the ability to compare prices and read product reviews. This trend is driving the growth of the online pharmacy sector in Bahrain. Another trend in the market is the growing demand for natural and organic pharmacy items. Customers in Bahrain are becoming more health-conscious and are seeking products that are free from artificial ingredients and chemicals. This trend is driving the growth of natural and organic pharmacy items, such as herbal supplements and natural skincare products. Pharmacies in Bahrain are responding to this trend by expanding their offerings of natural and organic products. Local special circumstances in Bahrain are also contributing to the growth of the Pharmacy Usual Items market. Bahrain has a growing population, with an increasing number of expatriates and tourists. This population growth is driving the demand for pharmacy items, as more people require access to healthcare products. Additionally, Bahrain has a strong healthcare system, which includes a high number of hospitals and clinics. This infrastructure supports the growth of the Pharmacy Usual Items market, as pharmacies play a crucial role in providing healthcare products to patients. Underlying macroeconomic factors are also driving the growth of the Pharmacy Usual Items market in Bahrain. The country has a stable economy, with a high GDP per capita and a strong healthcare sector. The government of Bahrain has also implemented policies to support the growth of the healthcare industry, including the development of healthcare infrastructure and the promotion of medical tourism. These factors create a favorable environment for the growth of the Pharmacy Usual Items market in Bahrain. In conclusion, the Pharmacy Usual Items market in Bahrain is experiencing steady growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customers in Bahrain prefer convenience and accessibility when it comes to purchasing healthcare products, which is driving the expansion of the Pharmacy Usual Items market. Trends such as the popularity of online pharmacies and the demand for natural and organic products are also contributing to the market's growth. Local special circumstances, including a growing population and a strong healthcare system, are further supporting the growth of the market. Finally, underlying macroeconomic factors, such as a stable economy and government support for the healthcare industry, are creating a favorable environment for the growth of the Pharmacy Usual Items market in Bahrain.

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.