Key regions: United States, South Korea, Japan, Canada, India
The Digestive & Intestinal Remedies (Pharmacies) market in Slovenia has been experiencing steady growth in recent years, driven by various factors such as changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Digestive & Intestinal Remedies (Pharmacies) market in Slovenia have shifted towards more natural and organic products. Consumers are becoming increasingly conscious of their health and are seeking products that are perceived to be safer and more effective. This has led to a growing demand for natural remedies and herbal supplements in the market. Additionally, there is a rising awareness about the importance of gut health and its impact on overall well-being, which has further fueled the demand for digestive and intestinal remedies. Trends in the market indicate a shift towards online purchasing of digestive and intestinal remedies. With the increasing penetration of internet and smartphones, consumers are now more inclined to shop online for their healthcare needs. This trend has been further accelerated by the COVID-19 pandemic, which has restricted physical access to pharmacies and increased the reliance on e-commerce platforms. As a result, online pharmacies and health stores have witnessed significant growth in sales of digestive and intestinal remedies. Local special circumstances in Slovenia have also contributed to the development of the Digestive & Intestinal Remedies (Pharmacies) market. Slovenia has a well-established healthcare system that provides easy access to pharmacies and healthcare professionals. This accessibility has encouraged consumers to seek professional advice and purchase remedies from pharmacies. Additionally, the presence of a large number of pharmacies in the country ensures a wide availability of digestive and intestinal remedies to meet the demand of the population. Underlying macroeconomic factors have played a role in the growth of the Digestive & Intestinal Remedies (Pharmacies) market in Slovenia. The country has experienced stable economic growth in recent years, which has increased disposable income and consumer spending power. This has enabled consumers to allocate more of their budget towards healthcare and wellness products, including digestive and intestinal remedies. Furthermore, the aging population in Slovenia has also contributed to the market growth, as older individuals tend to have a higher incidence of digestive and intestinal issues and therefore require more remedies. In conclusion, the Digestive & Intestinal Remedies (Pharmacies) market in Slovenia is developing due to changing customer preferences towards natural and organic products, the trend of online purchasing, local special circumstances including easy access to pharmacies, and underlying macroeconomic factors such as stable economic growth and an aging population. These factors have created a favorable environment for the growth of the market in Slovenia.
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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