Key regions: United States, South Korea, Japan, Canada, India
The Digestive & Intestinal Remedies (Pharmacies) market in South Africa is experiencing steady growth due to customer preferences for natural and herbal remedies, increasing awareness of digestive health, and the rising incidence of gastrointestinal disorders. Customer preferences in the Digestive & Intestinal Remedies market in South Africa are shifting towards natural and herbal remedies. Consumers are becoming more conscious of the potential side effects of synthetic medications and are seeking alternative options. This preference for natural remedies is driving the demand for herbal digestive supplements and probiotics, which are believed to promote gut health and improve digestion. Another factor contributing to the growth of the market is the increasing awareness of digestive health. South Africans are becoming more educated about the importance of maintaining a healthy digestive system and are actively seeking products that can alleviate digestive issues such as bloating, indigestion, and constipation. This awareness has led to a higher demand for over-the-counter digestive remedies in pharmacies. The rising incidence of gastrointestinal disorders is also driving the growth of the Digestive & Intestinal Remedies market in South Africa. Factors such as poor diet, stress, and sedentary lifestyles have contributed to an increase in digestive disorders such as irritable bowel syndrome, acid reflux, and gastritis. As a result, there is a growing need for effective remedies to manage these conditions, leading to higher sales of digestive remedies in pharmacies. In addition to customer preferences and market trends, there are also local special circumstances that influence the Digestive & Intestinal Remedies market in South Africa. The country has a diverse population with different cultural beliefs and practices related to health and wellness. Traditional herbal remedies are widely used in South Africa, and many consumers prefer these remedies over conventional medications. This preference for traditional remedies has created a niche market for herbal digestive remedies in the country. Underlying macroeconomic factors also play a role in the development of the Digestive & Intestinal Remedies market in South Africa. The country has a growing middle class with increasing disposable income, allowing consumers to spend more on healthcare products. Additionally, the government's focus on improving healthcare infrastructure and increasing access to healthcare services is driving the demand for over-the-counter remedies in pharmacies. In conclusion, the Digestive & Intestinal Remedies market in South Africa is growing due to customer preferences for natural and herbal remedies, increasing awareness of digestive health, the rising incidence of gastrointestinal disorders, local special circumstances related to traditional remedies, and underlying macroeconomic factors. As these trends continue to shape the market, it is expected to experience further growth in the coming years.
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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