The Pharmacy Usual Items market in Suriname is experiencing significant growth and development due to changing customer preferences, emerging trends, and local special circumstances. Customer preferences in Suriname are shifting towards a more health-conscious lifestyle, with an increasing demand for over-the-counter medications, vitamins, and supplements. This can be attributed to a growing awareness of the importance of preventive healthcare and self-medication. Customers are seeking convenient and affordable options for their healthcare needs, leading to a rise in the sales of usual items in pharmacies. Trends in the market indicate a shift towards online purchasing of pharmacy usual items. Suriname, like many other countries, has seen a rapid increase in e-commerce platforms, providing customers with the convenience of ordering their usual items from the comfort of their homes. This trend is driven by factors such as busy lifestyles, the COVID-19 pandemic, and the availability of a wide range of products online. Online pharmacies are also offering competitive prices and discounts, attracting customers to make their purchases online. Local special circumstances in Suriname, such as the limited accessibility to healthcare facilities in remote areas, contribute to the growth of the Pharmacy Usual Items market. Many people in these areas rely heavily on pharmacies as their primary source of healthcare products. As a result, pharmacies in Suriname are expanding their product offerings to cater to the diverse needs of customers, including beauty and personal care products, baby care items, and home healthcare devices. Underlying macroeconomic factors also play a role in the development of the Pharmacy Usual Items market in Suriname. The country's improving economic conditions, rising disposable incomes, and increasing urbanization are driving the demand for healthcare products. As more people move to urban areas, the demand for pharmacy usual items is expected to grow further. In conclusion, the Pharmacy Usual Items market in Suriname is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards a health-conscious lifestyle, the rise of online purchasing, limited accessibility to healthcare facilities in remote areas, and improving economic conditions are all contributing to the expansion 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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