Pharmacy Usual Items - Czechia

Czechia

Highlights

Revenue in the Pharmacy Usual Items market is projected to reach US$634.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.44%, resulting in a market volume of US$867.00m 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$60.43 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Pharmacy Usual Items market in Czechia is experiencing significant growth and development due to various factors.

Customer preferences: Customers in Czechia have shown a strong preference for convenience and accessibility when it comes to purchasing pharmacy usual items. This has led to an increase in online shopping for these products, as consumers can easily compare prices and make purchases from the comfort of their homes. Additionally, customers in Czechia are becoming more health-conscious and are actively seeking out products that promote wellness and self-care. As a result, there is a growing demand for natural and organic pharmacy usual items, such as vitamins, supplements, and skincare products.

Trends in the market: One of the key trends in the Pharmacy Usual Items market in Czechia is the increasing popularity of e-commerce. Online pharmacies and health stores have seen a significant rise in sales, as consumers prefer the convenience of shopping online and having their products delivered to their doorstep. This trend is expected to continue as more consumers become comfortable with online shopping and seek out convenient ways to purchase pharmacy usual items. Another trend in the market is the focus on sustainability and eco-friendly products. Czech consumers are becoming more conscious of the environmental impact of their purchases and are actively seeking out products that are produced sustainably and packaged in eco-friendly materials. This trend is particularly evident in the skincare and personal care segment, where there is a growing demand for natural and organic products that are free from harmful chemicals and are packaged in recyclable materials.

Local special circumstances: Czechia has a well-developed healthcare system, which includes a strong network of pharmacies and healthcare professionals. This has contributed to the growth of the Pharmacy Usual Items market, as consumers have easy access to a wide range of products and can seek advice from trained professionals. Additionally, the government in Czechia has implemented policies to promote the use of generic drugs, which has led to increased affordability and availability of pharmacy usual items for consumers.

Underlying macroeconomic factors: The strong economic growth in Czechia has had a positive impact on the Pharmacy Usual Items market. As disposable incomes increase, consumers have more purchasing power and are willing to spend on healthcare and wellness products. The aging population in Czechia is also driving the demand for pharmacy usual items, as older adults are more likely to require medications, vitamins, and other healthcare products. In conclusion, the Pharmacy Usual Items market in Czechia is witnessing significant growth and development due to customer preferences for convenience and accessibility, the increasing popularity of e-commerce, the focus on sustainability and eco-friendly products, the well-developed healthcare system, and the strong macroeconomic factors such as economic growth and the aging population.

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.