Key regions: Europe, United States, Canada, India, South Korea
The Analgesics (Pharmacies) market in Croatia has been experiencing steady growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences play a significant role in the growth of the Analgesics (Pharmacies) market in Croatia. Consumers in the country have shown a growing demand for over-the-counter pain relief medication. This can be attributed to several factors, including an aging population, increased awareness about self-care, and a desire for quick and convenient solutions to alleviate pain. Additionally, customers in Croatia prefer to purchase analgesics from pharmacies due to the trust and reliability associated with these establishments. Trends in the market have also contributed to the growth of the Analgesics (Pharmacies) market in Croatia. One notable trend is the increasing availability of a wide range of analgesic products in pharmacies. This includes not only traditional pain relievers such as paracetamol and ibuprofen but also newer options such as topical creams and patches. The market has also seen a rise in the popularity of natural and herbal remedies, as consumers seek alternative solutions for pain relief. Local special circumstances have further fueled the growth of the Analgesics (Pharmacies) market in Croatia. The country has a well-established healthcare system, with a strong network of pharmacies that are easily accessible to the population. This, coupled with the high level of trust in pharmacists, has made pharmacies the go-to destination for purchasing analgesics. Additionally, the Croatian government has implemented policies to promote the use of generic drugs, which has contributed to the availability and affordability of analgesics in pharmacies. Underlying macroeconomic factors have also played a role in the development of the Analgesics (Pharmacies) market in Croatia. The country has experienced stable economic growth in recent years, which has increased disposable income levels and consumer spending. This has allowed consumers to prioritize their health and well-being, leading to an increased demand for analgesics. Furthermore, the growing tourism industry in Croatia has attracted a large number of visitors, who may also contribute to the demand for analgesics during their stay. In conclusion, the Analgesics (Pharmacies) market in Croatia is developing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing demand for over-the-counter pain relief medication, the availability of a wide range of analgesic products, the trust in pharmacies, and the stable economic growth in the country have all contributed to this development.
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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