OTC Pharmaceuticals - Mauritius

Mauritius

The OTC Pharmaceuticals market in Mauritius is projected to generate a revenue of US$60.18m in 2024.
This market is expected to experience an annual growth rate of 6.13% (CAGR 2024-2029).
Among the various markets within this market, the Other OTC Pharmaceuticals market holds the largest share, with a market volume of US$15.49m in 2024.
When compared globally, the in the United States leads in revenue generation, with a total of US$41,240.00m in 2024.
In terms of per person revenues, in Mauritius generates approximately US$46.22 in 2024.
Furthermore, online sales are estimated to contribute 1.56% of the total revenue in the OTC Pharmaceuticals market by 2024.
Mauritius is experiencing a surge in demand for natural and herbal OTC pharmaceuticals due to its focus on sustainable and eco-friendly products.

Key regions: United States, China, Germany, Japan, 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.
For more information on the data displayed, use the info button next to the boxes.

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Analyst Opinion

The OTC Pharmaceuticals market in Mauritius is experiencing steady growth and development.

Customer preferences: In Mauritius, customers have shown a growing preference for over-the-counter (OTC) pharmaceutical products. This can be attributed to several factors. Firstly, there is a rising awareness among consumers about the benefits of self-medication and the convenience of OTC products. Customers are increasingly seeking quick and accessible solutions for common ailments and minor health issues. Secondly, the affordability of OTC medications compared to prescription drugs is also a key factor driving customer preferences. OTC products are often priced lower and do not require a doctor's prescription, making them more accessible to a wider population. Finally, the availability of a wide range of OTC products in pharmacies and supermarkets has also contributed to the growing customer preference for these medications.

Trends in the market: One of the key trends in the OTC Pharmaceuticals market in Mauritius is the increasing demand for vitamins and dietary supplements. As consumers become more health-conscious, there is a growing interest in preventive healthcare and maintaining overall wellness. This has led to a surge in the consumption of vitamins, minerals, and other dietary supplements. Additionally, there is a growing trend of consumers seeking natural and herbal remedies for common health issues. This has created opportunities for herbal and traditional medicine products in the OTC market.Another trend in the market is the increasing availability of OTC medications online. With the rise of e-commerce platforms and online pharmacies, consumers now have the option to purchase OTC products conveniently from the comfort of their homes. This has expanded the reach of OTC pharmaceuticals and provided customers with more choices and competitive pricing.

Local special circumstances: Mauritius is a small island nation with a well-developed healthcare system. The country has a high literacy rate and a strong emphasis on education, which has contributed to the growing awareness and demand for OTC medications. Additionally, the government of Mauritius has implemented policies to promote the use of generic drugs, which has made OTC medications more affordable and accessible to the general population.

Underlying macroeconomic factors: The OTC Pharmaceuticals market in Mauritius is influenced by several macroeconomic factors. The country has a stable economy with a growing middle class, which has increased disposable income and purchasing power. This has led to an increase in healthcare spending, including the purchase of OTC medications. Furthermore, the government's focus on promoting tourism and attracting foreign investment has contributed to the overall economic growth of the country. This has resulted in an increase in the number of tourists and expatriates residing in Mauritius, leading to a higher demand for OTC pharmaceutical products.In conclusion, the OTC Pharmaceuticals market in Mauritius is witnessing growth and development due to customer preferences for self-medication, the availability of a wide range of OTC products, and the affordability of these medications. The market is also influenced by trends such as the increasing demand for vitamins and dietary supplements and the availability of OTC medications online. The local special circumstances of Mauritius, including a well-developed healthcare system and government policies promoting the use of generic drugs, further contribute to the growth of the market. Additionally, macroeconomic factors such as a stable economy and increasing disposable income play a significant role in driving the demand for OTC pharmaceuticals in Mauritius.

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.