The Pharmacy Usual Items market in CIS is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trajectory. Customer preferences play a crucial role in the development of the Pharmacy Usual Items market in CIS. Customers in this region have a strong inclination towards self-care and preventive healthcare. They are increasingly seeking over-the-counter (OTC) products that can help them manage common health issues without the need for a doctor's prescription. This preference for self-care is driving the demand for pharmacy usual items such as pain relievers, vitamins, and cold and flu remedies. Trends in the market further support the growth of the Pharmacy Usual Items market in CIS. There is a growing awareness among consumers about the importance of maintaining good health and well-being. This has led to an increased demand for products that can support a healthy lifestyle, such as dietary supplements and herbal remedies. Additionally, the aging population in the region is driving the demand for products that cater to age-related health issues, such as joint supplements and memory enhancers. Local special circumstances also contribute to the development of the Pharmacy Usual Items market in CIS. The region has a well-established healthcare infrastructure, with a large number of pharmacies and drugstores available to consumers. This accessibility to healthcare products makes it easier for consumers to purchase pharmacy usual items and contributes to the overall growth of the market. Underlying macroeconomic factors also play a role in the development of the Pharmacy Usual Items market in CIS. The region has been experiencing steady economic growth, which has led to an increase in disposable income among consumers. This rise in disposable income allows consumers to spend more on healthcare products, including pharmacy usual items. Additionally, the increasing urbanization in the region has led to a higher demand for convenience and accessibility, which further drives the growth of the market. In conclusion, the Pharmacy Usual Items market in CIS is developing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The region's inclination towards self-care, growing awareness about health and well-being, accessibility to healthcare products, and favorable economic conditions all contribute to the positive growth of the market.
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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