OTC Pharmaceuticals - Qatar

Qatar

Revenue in the OTC Pharmaceuticals market amounts to US$326.70m in 2024. The market is expected to grow annually by 6.04% (CAGR 2024-2029).
The market's largest segment is the segment Analgesics with a market volume of US$88.29m in 2024.
In global comparison, most revenue is generated in the United States (US$41,240m in 2024).
In relation to total population figures, per person revenues of US$119.30 are generated in 2024.
In the OTC Pharmaceuticals market, 0.5% of total revenue will be generated through online sales by 2024.

Key regions: Worldwide, India, Philippines, United States, Europe

Definition:
The Over-the-Counter Pharmaceuticals market includes non-prescription medications, treatments, and healthcare products that are available directly to consumers without a prescription from a licensed healthcare professional. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere such as supermarkets, and online retailers. Sales by hospitals are not included.

Structure:
The market is subdivided into Analgesics, Cold and Cough Remedies, Digestives and Intestinal Remedies, Skin Treatment, Vitamins and Minerals, Hand Sanitizer, Eye care, Sleep aids, Wound care, and Other OTC Pharmaceuticals. The Analgesics market covers non-prescription pain-relief medications which help to relief aches, pains and fevers. Cold & Cough market covers non-prescription remedies aimed at relieving nasal congestion, coughing, sore throat, and related cold discomforts. The Digestives and Intestinal Remedies market encompasses non-prescription products designed to alleviate symptoms related to digestive discomfort and intestinal issues. The Skin Treatment market includes non-prescription medications formulated to address various dermatological concerns such as acne, eczema and dryness. The Vitamins and Minerals market comprises non-prescription dietary supplements containing essential nutrients such as vitamins and minerals. The Hand sanitizer market covers sanitizing products which are applied on hands to effectively reduce the presence of bacteria and viruses. The Eye Care market covers non-prescription products to address common eye-related discomforts such as dryness, irritation or redness. The Sleep Aids market covers non-prescription products designed to promote relaxation, alleviate insomnia, and improve sleep quality. The Wound Care market includes non-prescription products designed to facilitate wound healing and prevent infection.

Additional information:
OTC Pharmaceuticals comprises revenues, average revenue per capita. Sales channels show online and offline revenue. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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Analyst Opinion

The OTC Pharmaceuticals market in Qatar is experiencing significant growth and development, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the OTC Pharmaceuticals market in Qatar are shifting towards self-medication and convenience.

With increasing awareness about health and wellness, consumers are seeking over-the-counter products that can help them manage common ailments and minor health issues without the need for a doctor's prescription. This preference for self-care is driving the demand for OTC Pharmaceuticals in Qatar. Trends in the market indicate a growing focus on preventive healthcare and wellness.

Consumers are increasingly looking for OTC products that can help them maintain their overall health and well-being. This includes a wide range of products such as vitamins, supplements, and herbal remedies. The market is also witnessing a rise in demand for OTC products that address specific health concerns, such as digestive health, sleep disorders, and stress management.

Local special circumstances in Qatar contribute to the development of the OTC Pharmaceuticals market. The country has a high expatriate population, which brings diverse healthcare needs and preferences. This diversity creates opportunities for international brands to enter the market and cater to the specific needs of different consumer segments.

Additionally, Qatar has a strong healthcare infrastructure and a high level of healthcare expenditure, which supports the growth of the OTC Pharmaceuticals market. Underlying macroeconomic factors also play a role in the development of the OTC Pharmaceuticals market in Qatar. The country has a strong economy and high per capita income, which enables consumers to afford OTC products.

Additionally, Qatar's growing population, urbanization, and changing lifestyle patterns contribute to the increased demand for OTC Pharmaceuticals. In conclusion, the OTC Pharmaceuticals market in Qatar is witnessing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As consumers in Qatar increasingly prioritize self-care and preventive healthcare, the demand for OTC Pharmaceuticals is expected to continue to rise.

International brands and manufacturers have the opportunity to capitalize on this growing market and cater to the diverse healthcare needs of Qatar's population.

Methodology

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. 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 particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.