Key regions: United Kingdom, Canada, France, Europe, Japan
The Other OTC Pharmaceuticals (Pharmacies) market in Mauritius has been experiencing significant 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 in Mauritius have shifted towards self-medication and easy access to over-the-counter (OTC) pharmaceutical products. This can be attributed to several factors, including the increasing awareness and knowledge about health and wellness among the population. Consumers are becoming more proactive in managing their health and are seeking convenient solutions for minor ailments. The availability of a wide range of OTC products in pharmacies allows them to address their healthcare needs without the need for a prescription or a visit to a doctor. This convenience factor has played a significant role in driving the growth of the Other OTC Pharmaceuticals market in Mauritius. Trends in the market also contribute to the development of the Other OTC Pharmaceuticals market in Mauritius. One notable trend is the increasing demand for natural and herbal remedies. Consumers are becoming more conscious of the potential side effects of synthetic drugs and are seeking alternative options. This has led to a rise in the availability and popularity of natural and herbal OTC products in pharmacies. Additionally, there is a growing trend of online purchasing of OTC pharmaceuticals, which provides consumers with even greater convenience and accessibility. Local special circumstances in Mauritius have further fueled the growth of the Other OTC Pharmaceuticals market. The country has a well-established healthcare system with a high level of accessibility to pharmacies. Pharmacies in Mauritius are often located in convenient locations, such as shopping malls and residential areas, making it easy for consumers to access OTC products. Furthermore, the government has implemented regulations to ensure the quality and safety of OTC pharmaceuticals, instilling trust and confidence in consumers. Underlying macroeconomic factors also play a role in the development of the Other OTC Pharmaceuticals market in Mauritius. The country has experienced steady economic growth, resulting in an increase in disposable income among the population. This has allowed consumers to spend more on healthcare products, including OTC pharmaceuticals. Additionally, the tourism industry in Mauritius has been thriving, attracting a large number of international visitors. This influx of tourists has contributed to the demand for OTC products, as visitors often seek remedies for common ailments during their stay. In conclusion, the Other OTC Pharmaceuticals market in Mauritius is developing due to customer preferences for self-medication and easy access, trends such as the demand for natural and herbal remedies, local special circumstances including a well-established healthcare system and government regulations, and underlying macroeconomic factors such as economic growth and tourism. This growth is expected to continue as consumers prioritize convenience and healthcare management.
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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