The Prescription Drugs (Pharmacies) market in Mozambique has been experiencing significant growth in recent years. Customer preferences in the Prescription Drugs (Pharmacies) market in Mozambique are largely driven by the increasing demand for affordable and accessible healthcare services. Mozambique has a high burden of disease, including HIV/AIDS, malaria, and tuberculosis, which has led to a greater need for prescription drugs to treat these conditions. Additionally, the rising middle class in Mozambique has increased disposable income, allowing more individuals to afford prescription medications. Trends in the market indicate a shift towards online pharmacies and telemedicine services. This is due to the increasing availability of internet access and smartphone usage in Mozambique. Online pharmacies provide convenience and accessibility for customers, allowing them to order prescription drugs from the comfort of their homes. Telemedicine services also play a crucial role in improving access to healthcare, especially in rural areas where there is a shortage of healthcare professionals and physical pharmacies. Local special circumstances in Mozambique impact the Prescription Drugs (Pharmacies) market. Mozambique is a low-income country with limited healthcare infrastructure and resources. This poses challenges in terms of the availability and affordability of prescription drugs. Additionally, the country has a high prevalence of counterfeit drugs, which raises concerns about the safety and efficacy of medications. Efforts have been made by the government and international organizations to combat the issue of counterfeit drugs through stricter regulations and quality control measures. Underlying macroeconomic factors contribute to the development of the Prescription Drugs (Pharmacies) market in Mozambique. Economic growth and stability have led to an increase in healthcare spending, allowing for greater investment in the pharmaceutical sector. Additionally, foreign direct investment in the healthcare industry has played a role in expanding the availability of prescription drugs and improving healthcare infrastructure. However, challenges such as inflation and currency devaluation can impact the affordability of prescription drugs for the general population. In conclusion, the Prescription Drugs (Pharmacies) market in Mozambique is developing to meet the increasing demand for affordable and accessible healthcare services. Customer preferences are shifting towards online pharmacies and telemedicine services, driven by the need for convenience and accessibility. Local special circumstances, such as limited healthcare infrastructure and the prevalence of counterfeit drugs, pose challenges to the market. Underlying macroeconomic factors, including economic growth and foreign investment, contribute to the development of the market. Overall, the Prescription Drugs (Pharmacies) market in Mozambique is expected to continue growing in the coming years as efforts are made to improve healthcare access and affordability.
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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