Key regions: United States, Germany, Australia, India, United Kingdom
The Sleep Aids (Pharmacies) market in Jordan is experiencing steady growth due to several factors.
Customer preferences: Customers in Jordan are increasingly seeking sleep aids to help them improve their sleep quality and address sleep-related issues. This can be attributed to the growing awareness about the importance of sleep for overall health and well-being. Additionally, the stressful and fast-paced lifestyles of people in Jordan have led to an increase in sleep disorders, such as insomnia, which has further fueled the demand for sleep aids.
Trends in the market: One of the key trends in the Sleep Aids (Pharmacies) market in Jordan is the rising popularity of natural and herbal sleep aids. Customers are becoming more conscious about the potential side effects of synthetic sleep aids and are opting for natural alternatives. This trend is in line with the global shift towards natural and organic products in various industries. As a result, pharmacies in Jordan are expanding their product offerings to include a wider range of natural sleep aids. Another trend in the market is the increasing availability of sleep aids in different forms, such as tablets, capsules, and herbal teas. This allows customers to choose the format that best suits their preferences and needs. Pharmacies are also offering a variety of brands and formulations to cater to the diverse customer requirements.
Local special circumstances: Jordan has a relatively high prevalence of sleep disorders compared to other countries in the region. This can be attributed to various factors, including high levels of stress, irregular work schedules, and lifestyle habits. As a result, there is a strong demand for sleep aids in the country. Furthermore, the government of Jordan has implemented initiatives to raise awareness about sleep disorders and promote healthy sleep habits. This has contributed to an increased recognition of sleep issues among the population and a subsequent rise in the demand for sleep aids.
Underlying macroeconomic factors: The growing economy of Jordan has played a significant role in the development of the Sleep Aids (Pharmacies) market. As the country's economy continues to grow, consumers have more disposable income to spend on healthcare products, including sleep aids. This has led to an increase in the purchasing power of customers and a higher demand for sleep aids. In conclusion, the Sleep Aids (Pharmacies) market in Jordan is witnessing growth due to customer preferences for natural sleep aids, the availability of sleep aids in different forms, the high prevalence of sleep disorders in the country, and the growing economy. As the market continues to develop, it is important for pharmacies to stay updated with the latest trends and cater to the evolving needs of customers.
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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