OTC Pharmaceuticals - Netherlands

  • Netherlands
  • The revenue in the OTC Pharmaceuticals market in the Netherlands is projected to amount to €1,018.00 in 2024.
  • This market is expected to grow annually by 3.10% (CAGR 2024-2029).
  • The largest market within this industry is Cold & Cough Remedies, which is estimated to have a market volume of €216.40 in 2024.
  • When compared globally, the in the United States generates the highest revenue, reaching €37,850.00 in 2024.
  • In terms of per capita figures, in the Netherlands generates €57.58 in revenue per person in 2024.
  • Furthermore, it is projected that 28.21% of the total revenue in the OTC Pharmaceuticals market will be generated through online sales by 2024.
  • The Netherlands has seen a rise in demand for OTC pharmaceuticals as consumers increasingly seek self-care options.

Key regions: United States, China, Germany, Japan, Europe

 
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Analyst Opinion

The OTC Pharmaceuticals market in the Netherlands has been experiencing steady 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 the Netherlands have shifted towards self-care and self-medication. Consumers are increasingly seeking convenience and accessibility in their healthcare choices. They prefer to have the option of purchasing medications without a prescription, allowing them to treat minor ailments and manage their health independently. This preference for self-care has fueled the demand for over-the-counter (OTC) pharmaceuticals in the country.Trends in the market reflect the changing dynamics of the healthcare industry in the Netherlands. The aging population and the increasing prevalence of chronic diseases have led to a greater focus on preventive healthcare and the management of long-term conditions. OTC pharmaceuticals play a crucial role in this context, as they provide individuals with the means to address common health issues and maintain their well-being. As a result, the market for OTC pharmaceuticals has expanded to include a wide range of products, from pain relievers and cold remedies to vitamins and dietary supplements.Local special circumstances in the Netherlands have also contributed to the growth of the OTC Pharmaceuticals market. The country has a well-developed healthcare system that emphasizes patient empowerment and self-management. The government has implemented policies to encourage self-care and reduce the burden on primary healthcare providers. This has created a favorable environment for the sale and consumption of OTC pharmaceuticals.Underlying macroeconomic factors have further supported the development of the OTC Pharmaceuticals market in the Netherlands. The country has a strong economy and a high standard of living, which enables consumers to afford healthcare products and services. Additionally, the Netherlands has a well-established retail sector, with a wide network of pharmacies, drugstores, and supermarkets that offer OTC pharmaceuticals. This accessibility has made it easier for consumers to purchase these products and has contributed to the overall growth of the market.In conclusion, the OTC Pharmaceuticals market in the Netherlands has experienced growth due to customer preferences for self-care, trends in the healthcare industry, local special circumstances, and underlying macroeconomic factors. As consumers continue to prioritize convenience and accessibility in their healthcare choices, the demand for OTC pharmaceuticals is expected to remain strong in the country.

Methodology

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. 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 particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.

Visión general

  • Revenue
  • Analyst Opinion
  • Key Players
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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