Key regions: United Kingdom, Canada, France, Europe, Japan
The Other OTC Pharmaceuticals (Pharmacies) market in Qatar has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Other OTC Pharmaceuticals (Pharmacies) market in Qatar have been shifting towards convenience and accessibility. Customers are increasingly seeking products that they can easily purchase without a prescription, allowing them to self-diagnose and self-medicate minor ailments. This preference for over-the-counter medications is fueled by the desire for quick relief and the convenience of not having to visit a doctor for every minor health issue. In addition to customer preferences, several trends have emerged in the Other OTC Pharmaceuticals (Pharmacies) market in Qatar. One of the key trends is the increasing availability and variety of OTC products in pharmacies. Pharmacies are expanding their product offerings to cater to the growing demand for over-the-counter medications. This includes a wide range of products such as pain relievers, cough and cold medicines, gastrointestinal remedies, and skincare products. Another trend in the market is the growing popularity of natural and herbal remedies. Customers are becoming more conscious of their health and are seeking alternative treatments that are perceived to be more natural and have fewer side effects. This has led to an increase in the availability of herbal and homeopathic remedies in pharmacies, as well as the introduction of new brands and products in this category. Local special circumstances also play a role in the development of the Other OTC Pharmaceuticals (Pharmacies) market in Qatar. The country has a high expatriate population, with people from various countries and cultures residing in Qatar. This diversity in the population has led to a demand for OTC products that cater to different cultural preferences and health practices. Pharmacies are adapting to this demand by offering a wide range of international brands and products to cater to the needs of the diverse population. Underlying macroeconomic factors have also contributed to the growth of the Other OTC Pharmaceuticals (Pharmacies) market in Qatar. The country has a strong economy and high disposable income levels, which allows consumers to spend on healthcare and wellness products. Additionally, the government's focus on healthcare and wellness initiatives has further boosted the market, with increased investment in healthcare infrastructure and awareness campaigns promoting self-care and preventive healthcare. In conclusion, the Other OTC Pharmaceuticals (Pharmacies) market in Qatar is developing due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards convenience and accessibility, the increasing availability of OTC products, the popularity of natural and herbal remedies, the demand for international brands, and the country's strong economy and healthcare initiatives are all contributing to the growth of the market.
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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