Pharmacies - Croatia

  • Croatia
  • The Pharmacies market in Croatia is projected to reach a revenue of US$1.22bn by 2024.
  • It is expected to show an annual growth rate of 4.41% (CAGR 2024-2028), resulting in a market volume of US$1.45bn by 2028.
  • In comparison to other countries, United States is expected to generate the highest revenue, with US$387.30bn in 2024.
  • When considering the total population, per person revenues of US$307.10 are anticipated in Croatia in 2024.
  • Croatia's pharmacy market is experiencing a rise in demand for natural and alternative medicines.

Key regions: United States, China, Germany, Japan, Europe

 
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Analyst Opinion

The Pharmacies market in Croatia has been experiencing steady growth in recent years, driven by several key factors. Customer preferences have played a significant role in shaping the market, with a growing demand for convenient and accessible healthcare services. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market. Customer preferences in the Pharmacies market in Croatia have been influenced by the need for convenience and accessibility. With an increasingly busy lifestyle, consumers are seeking healthcare services that are easily accessible and provide quick solutions. Pharmacies offer a range of over-the-counter medications, health products, and prescription drugs, making them a convenient one-stop-shop for consumers. The convenience of being able to purchase medications and receive advice from trained professionals in a single location has made pharmacies a preferred choice for many consumers in Croatia. Trends in the Pharmacies market in Croatia have also been shaped by global and regional market developments. The increasing focus on preventive healthcare and self-care has led to a greater demand for non-prescription medications and health products. Consumers are taking a more proactive approach to their health and are seeking products that can help them maintain their well-being. Pharmacies have responded to this trend by expanding their product offerings to include a wide range of vitamins, supplements, and natural health products. Local special circumstances have also played a role in the development of the Pharmacies market in Croatia. The country has a well-established healthcare system that provides universal access to healthcare services. Pharmacies are an integral part of this system, serving as a primary point of contact for patients seeking medication and healthcare advice. The close collaboration between pharmacies and healthcare professionals has helped to ensure the safe and effective use of medications. Underlying macroeconomic factors have also contributed to the growth of the Pharmacies market in Croatia. The country has experienced stable economic growth in recent years, which has resulted in an increase in disposable income for many consumers. This has allowed individuals to spend more on healthcare products and services, including medications. Additionally, the aging population in Croatia has created a higher demand for healthcare services, including medications, which has further fueled the growth of the Pharmacies market. In conclusion, the Pharmacies market in Croatia has been developing steadily due to customer preferences for convenient and accessible healthcare services, global and regional market trends, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as consumers prioritize their health and seek out products and services that can help them maintain their well-being.

Methodology

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.

Overview

  • Revenue
  • Users
  • Volume
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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