Key regions: United Kingdom, South Korea, Europe, Japan, Germany
The Cold & Cough Remedies (Pharmacies) market in France is experiencing steady growth due to various factors.
Customer preferences: Customers in France are increasingly seeking over-the-counter remedies for cold and cough symptoms. This trend can be attributed to several factors. Firstly, the convenience of purchasing these remedies directly from pharmacies appeals to busy consumers who prefer not to visit a doctor for minor ailments. Additionally, the increasing awareness of self-care and the desire for immediate relief are driving customers to seek remedies that can be easily accessed without a prescription.
Trends in the market: One of the key trends in the Cold & Cough Remedies (Pharmacies) market in France is the growing demand for natural and herbal remedies. Consumers are becoming more conscious of the ingredients in the products they use and are opting for remedies that are perceived to be safer and have fewer side effects. This trend is also influenced by the rising popularity of alternative medicine and the belief in the healing properties of natural ingredients. Another trend in the market is the increasing availability and variety of cold and cough remedies. Pharmacies in France are expanding their product offerings to cater to the diverse needs and preferences of customers. This includes a wider range of formulations, such as syrups, tablets, and nasal sprays, as well as products targeting specific symptoms, such as sore throat or nasal congestion. The availability of these options allows customers to choose remedies that best suit their individual needs.
Local special circumstances: France has a strong pharmaceutical industry and a well-established healthcare system, which contributes to the growth of the Cold & Cough Remedies (Pharmacies) market. The country has a high number of pharmacies, ensuring easy access to these products for consumers. Additionally, the French government has implemented policies to promote self-medication and encourage the use of over-the-counter remedies, further driving the demand in the market.
Underlying macroeconomic factors: The growth of the Cold & Cough Remedies (Pharmacies) market in France is also influenced by macroeconomic factors. The country has a stable economy and a high standard of living, allowing consumers to afford these remedies. Additionally, the aging population in France is contributing to the growth of the market, as older individuals are more prone to cold and cough symptoms and are more likely to seek remedies to alleviate their discomfort. In conclusion, the Cold & Cough Remedies (Pharmacies) market in France is experiencing steady growth due to customer preferences for over-the-counter remedies, the availability of natural and herbal options, the expanding product offerings in pharmacies, the strong pharmaceutical industry and healthcare system in the country, and the underlying macroeconomic factors such as a stable economy and an aging population.
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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