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Consumer Health in Bolivia

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    Report

  • 81 Pages
  • September 2023
  • Region: Bolivia
  • Euromonitor International
  • ID: 2595576
Bolivia has managed to protect itself to a large extent from inflation by continuing to have a fixed exchange rate against the dollar. However, there has been challenges for the economy in 2023, with sharp falls in foreign currency reserves and this has increased inflationary pressure, particularly for imports, with inflation higher than 2022. As a result, consumer health is expected to register moderate current value growth, but marginal constant value growth, as rising costs hit profitability.

The analyst's Consumer Health in Bolivia report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2018-2022, allowing you to identify the sectors driving growth. Forecasts to 2027 illustrate how the market is set to change.

Product coverage:
Allergy Care, Herbal/Traditional Products, OTC, Paediatric Consumer Health, Sports Nutrition, Vitamins and Dietary Supplements, Weight Management and Wellbeing.

Data coverage:
Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Consumer Health market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

CONSUMER HEALTH IN BOLIVIA
EXECUTIVE SUMMARY
  • Consumer health in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for consumer health?
MARKET INDICATORS
  • Table 1 Consumer Expenditure on Health Goods and Medical Services: Value 2018-2023
  • Table 2 Life Expectancy at Birth 2018-2023
MARKET DATA
  • Table 3 Sales of Consumer Health by Category: Value 2018-2023
  • Table 4 Sales of Consumer Health by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Consumer Health: % Value 2019-2023
  • Table 6 LBN Brand Shares of Consumer Health: % Value 2020-2023
  • Table 7 Distribution of Consumer Health by Format: % Value 2018-2023
  • Table 8 Distribution of Consumer Health by Format and Category: % Value 2023
  • Table 9 Forecast Sales of Consumer Health by Category: Value 2023-2028
  • Table 10 Forecast Sales of Consumer Health by Category: % Value Growth 2023-2028
APPENDIX
  • OTC registration and classification
  • Vitamins and dietary supplements registration and classification
  • Self-medication/self-care and preventive medicine
  • Switches
DISCLAIMERDEFINITIONS
SOURCES
  • Summary 1 Research Sources
ANALGESICS IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Moderate growth, as normal behaviour resumes post pandemic
  • Generic analgesics increasingly popular
  • Segmentation within topical pain relievers
PROSPECTS AND OPPORTUNITIES
  • Softgel capsules gain ground over forecast period
  • Growing illegal supply of analgesics limits growth
  • Further segmentation over forecast period
CATEGORY DATA
  • Table 11 Sales of Analgesics by Category: Value 2018-2023
  • Table 12 Sales of Analgesics by Category: % Value Growth 2018-2023
  • Table 13 NBO Company Shares of Analgesics: % Value 2019-2023
  • Table 14 LBN Brand Shares of Analgesics: % Value 2020-2023
  • Table 15 Forecast Sales of Analgesics by Category: Value 2023-2028
  • Table 16 Forecast Sales of Analgesics by Category: % Value Growth 2023-2028
COUGH, COLD AND ALLERGY (HAY FEVER) REMEDIES IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Moderate current value growth, as seasonal flus return
  • Pollution and climate change lead to growth in value sales of hay fever remedies
  • Brand leader Refrianex supported by widespread promotion
PROSPECTS AND OPPORTUNITIES
  • Brands promote natural properties
  • Innovation in cold remedies as brands aim at more specific target audiences
  • Consumers increasingly price sensitive over forecast period
CATEGORY DATA
  • Table 17 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2018-2023
  • Table 18 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2018-2023
  • Table 19 NBO Company Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2019-2023
  • Table 20 LBN Brand Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2020-2023
  • Table 21 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2023-2028
  • Table 22 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2023-2028
DIGESTIVE REMEDIES IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Proton pump inhibitors impact antacid sales
  • Severe flooding affects water supplies and leads to high incidence of diarrhoea
  • Increased socialisation boost demand for digestive remedies
PROSPECTS AND OPPORTUNITIES
  • Inadequate sanitary infrastructure sustains volume sales
  • Continuing innovation drives growth
  • Growing interest in more natural laxative products
CATEGORY DATA
  • Table 23 Sales of Digestive Remedies by Category: Value 2018-2023
  • Table 24 Sales of Digestive Remedies by Category: % Value Growth 2018-2023
  • Table 25 NBO Company Shares of Digestive Remedies: % Value 2019-2023
  • Table 26 LBN Brand Shares of Digestive Remedies: % Value 2020-2023
  • Table 27 Forecast Sales of Digestive Remedies by Category: Value 2023-2028
  • Table 28 Forecast Sales of Digestive Remedies by Category: % Value Growth 2023-2028
DERMATOLOGICALS IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Doctor recommendations supporting volume sales
  • Product specialisation in fragmented competitive landscape
  • Humid weather sees surge in fungal conditions
PROSPECTS AND OPPORTUNITIES
  • Hair loss treatments remain niche
  • Medicated shampoo faces challenges from alternatives and illegal supplies
  • Vaginal antifungals migrating to Rx formats
CATEGORY DATA
  • Table 29 Sales of Dermatologicals by Category: Value 2018-2023
  • Table 30 Sales of Dermatologicals by Category: % Value Growth 2018-2023
  • Table 31 NBO Company Shares of Dermatologicals: % Value 2019-2023
  • Table 32 LBN Brand Shares of Dermatologicals: % Value 2020-2023
  • Table 33 Forecast Sales of Dermatologicals by Category: Value 2023-2028
  • Table 34 Forecast Sales of Dermatologicals by Category: % Value Growth 2023-2028
WOUND CARE IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Wound care continues to be driven by increased activity levels, post pandemic
3M continues to dominates
  • Farmacorp strengthens its private label
PROSPECTS AND OPPORTUNITIES
  • Farmacorp offers “value-added” first aid kits
  • Illegal supplies dampens volume sales of sticking plasters
  • Growth potential for wound dressings
CATEGORY DATA
  • Table 35 Sales of Wound Care by Category: Value 2018-2023
  • Table 36 Sales of Wound Care by Category: % Value Growth 2018-2023
  • Table 37 NBO Company Shares of Wound Care: % Value 2019-2023
  • Table 38 LBN Brand Shares of Wound Care: % Value 2020-2023
  • Table 39 Forecast Sales of Wound Care by Category: Value 2023-2028
  • Table 40 Forecast Sales of Wound Care by Category: % Value Growth 2023-2028
VITAMINS IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • The relevance of immune prevention continues to lose momentum
  • High inventory of vitamin C leads to aggressive price promotions
  • Vitamins not targeted at prevention of COVID-19 perform better
PROSPECTS AND OPPORTUNITIES
  • Further segmentation in multivitamins
  • Prevalence of dengue fever boost volume sales of vitamin B
  • Vitamin E crosses over from beauty to vitamins
CATEGORY DATA
  • Table 41 Sales of Vitamins by Category: Value 2018-2023
  • Table 42 Sales of Vitamins by Category: % Value Growth 2018-2023
  • Table 43 Sales of Multivitamins by Positioning: % Value 2018-2023
  • Table 44 NBO Company Shares of Vitamins: % Value 2019-2023
  • Table 45 LBN Brand Shares of Vitamins: % Value 2020-2023
  • Table 46 Forecast Sales of Vitamins by Category: Value 2023-2028
  • Table 47 Forecast Sales of Vitamins by Category: % Value Growth 2023-2028
DIETARY SUPPLEMENTS IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Inflation dampens volume demand
  • Tonics increasingly offer specific functionalities
  • Dietary supplements highlight natural properties
PROSPECTS AND OPPORTUNITIES
  • Direct sellers continue to lead
  • Beauty supplements gain value share
  • Probiotics mainly consumed through dairy products
CATEGORY DATA
  • Table 48 Sales of Dietary Supplements by Category: Value 2018-2023
  • Table 49 Sales of Dietary Supplements by Category: % Value Growth 2018-2023
  • Table 50 Sales of Dietary Supplements by Positioning: % Value 2018-2023
  • Table 51 NBO Company Shares of Dietary Supplements: % Value 2019-2023
  • Table 52 LBN Brand Shares of Dietary Supplements: % Value 2020-2023
  • Table 53 Forecast Sales of Dietary Supplements by Category: Value 2023-2028
  • Table 54 Forecast Sales of Dietary Supplements by Category: % Value Growth 2023-2028
WEIGHT MANAGEMENT AND WELLBEING IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Rising inflation dampens volume sales
  • Herbalife has new structure
  • Shift in focus from losing weight to being healthy
PROSPECTS AND OPPORTUNITIES
  • High prices continue to dampen volume sales
  • Weight loss supplements disrupted by entry of Satial
  • Ozempic could lead to sustained long term decline
CATEGORY DATA
  • Table 55 Sales of Weight Management and Wellbeing by Category: Value 2018-2023
  • Table 56 Sales of Weight Management and Wellbeing by Category: % Value Growth 2018-2023
  • Table 57 NBO Company Shares of Weight Management and Wellbeing: % Value 2019-2023
  • Table 58 LBN Brand Shares of Weight Management and Wellbeing: % Value 2020-2023
  • Table 59 Forecast Sales of Weight Management and Wellbeing by Category: Value 2023-2028
  • Table 60 Forecast Sales of Weight Management and Wellbeing by Category: % Value Growth 2023-2028
SPORTS NUTRITION IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Fall in constant value sales, as rising costs hit profitability
  • Presence of illegal supplies dampens volume sales
  • Competitors look to stand out from the crowd
PROSPECTS AND OPPORTUNITIES
  • Sales remain limited to small higher income consumer niche
  • Increasing level of segmentation
  • Direct selling dominates distribution due to offering of personalised service
CATEGORY DATA
  • Table 61 Sales of Sports Nutrition by Category: Value 2018-2023
  • Table 62 Sales of Sports Nutrition by Category: % Value Growth 2018-2023
  • Table 63 NBO Company Shares of Sports Nutrition: % Value 2019-2023
  • Table 64 LBN Brand Shares of Sports Nutrition: % Value 2020-2023
  • Table 65 Forecast Sales of Sports Nutrition by Category: Value 2023-2028
  • Table 66 Forecast Sales of Sports Nutrition by Category: % Value Growth 2023-2028
HERBAL/TRADITIONAL PRODUCTS IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Government supporting development of traditional medicine industry
  • Several herbal/traditional products perform strongly
  • Iconic traditional decongestant brand Mentisan hit by counterfeits
PROSPECTS AND OPPORTUNITIES
  • Increased segmentation over forecast period
  • Push for legalisation of medical cannabis
  • Herbal/traditional sleep aids see continued growth
CATEGORY DATA
  • Table 67 Sales of Herbal/Traditional Products: Value 2018-2023
  • Table 68 Sales of Herbal/Traditional Products: % Value Growth 2018-2023
  • Table 69 NBO Company Shares of Herbal/Traditional Products: % Value 2019-2023
  • Table 70 LBN Brand Shares of Herbal/Traditional Products: % Value 2020-2023
  • Table 71 Forecast Sales of Herbal/Traditional Products: Value 2023-2028
  • Table 72 Forecast Sales of Herbal/Traditional Products: % Value Growth 2023-2028
PAEDIATRIC CONSUMER HEALTH IN BOLIVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Fall in current value sales, as birth rate falls
  • Nappy (diaper) rash treatments most popular product
  • Double-digit volume decline for paediatric vitamins
PROSPECTS AND OPPORTUNITIES
  • Under resourced public health drives growth of OTC products
  • Increased segmentation within vitamins and dietary supplements
  • Shift towards natural products over forecast period
CATEGORY DATA
  • Table 73 Sales of Paediatric Consumer Health by Category: Value 2018-2023
  • Table 74 Sales of Paediatric Consumer Health by Category: % Value Growth 2018-2023
  • Table 75 Forecast Sales of Paediatric Consumer Health by Category: Value 2023-2028
  • Table 76 Forecast Sales of Paediatric Consumer Health by Category: % Value Growth 2023-2028