Pharmacy Usual Items - Sudan

  • Sudan
  • Revenue in the Pharmacy Usual Items market is projected to reach US$-83.46m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.36%, resulting in a market volume of US$-219.70m by 2029.
  • In global comparison, most revenue will be generated in China (US$48,050.00m in 2024).
  • In relation to total population figures, per person revenues of US$-1.69 are generated in 2024.

Key regions: Japan, France, China, Australia, Europe

 
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Analyst Opinion

The Pharmacy Usual Items market in Sudan is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences play a crucial role in shaping the Pharmacy Usual Items market in Sudan. Customers are increasingly seeking convenience and accessibility when it comes to purchasing pharmaceutical products. This has led to a rise in the demand for over-the-counter medications, vitamins, and personal care items. Additionally, customers are becoming more health-conscious and are actively seeking preventive healthcare products. As a result, there is a growing demand for products such as dietary supplements and herbal remedies. Trends in the market further contribute to the development of the Pharmacy Usual Items market in Sudan. One notable trend is the increasing popularity of online pharmacies. This allows customers to conveniently order their usual items from the comfort of their homes. Online pharmacies also provide a wider range of products, making it easier for customers to find specific items. Furthermore, the COVID-19 pandemic has accelerated the adoption of online shopping, as customers prioritize safety and social distancing measures. Local special circumstances also play a role in the growth of the Pharmacy Usual Items market in Sudan. The country has a large population, with a significant portion residing in urban areas. This urbanization trend has led to increased demand for pharmacy products, as urban dwellers have easier access to pharmacies and a wider range of products. Additionally, Sudan has a growing middle class, which has higher disposable income and is willing to spend on healthcare and wellness products. Underlying macroeconomic factors also contribute to the development of the Pharmacy Usual Items market in Sudan. The country has experienced economic growth in recent years, leading to an increase in consumer spending power. This has resulted in higher demand for pharmacy products as customers are more willing to invest in their health and well-being. Furthermore, the government has implemented policies to improve healthcare infrastructure and access to pharmaceutical products, further fueling market growth. In conclusion, the Pharmacy Usual Items market in Sudan is developing due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The demand for convenience, preventive healthcare products, and online shopping is driving market growth. Urbanization, a growing middle class, and economic growth also contribute to the positive trajectory of the market. As these factors continue to evolve, the Pharmacy Usual Items market in Sudan is expected to further expand in the coming years.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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