The analysis of European Healthcare Expenditure on Over-The-Counter (OTC) Medicines by country for 2024 reveals a varied landscape. Bosnia and Herzegovina leads with an expenditure of 1.18% of GDP, followed by Romania at 0.68%, and Poland at 0.65%. In contrast, France, Denmark, and Liechtenstein have the lowest expenditures, with values of 0.10%, 0.09%, and 0.07%, respectively. Year-on-year variations for 2023 indicate significant shifts. Romania saw the highest increase at 8.61%, while Luxembourg and Croatia experienced decreases of 4.71% and 4.56%, respectively. The five-year compound annual growth rate (CAGR) showcases sustained growth or decline trends across most countries.
Future trends to watch for include:
- The impact of economic recovery post-pandemic on OTC medicine expenditure, particularly in countries with a higher GDP percentage allocation like Bosnia and Herzegovina and Romania.
- Possible shifts in consumer behavior towards preventive healthcare and self-medication, potentially increasing OTC medicine demand.
- Policy changes and healthcare reforms across Europe that could influence expenditure patterns, as governments may shift more health responsibilities to individuals.
- The role of digital health and e-pharmacies in making OTC medicines more accessible, possibly affecting market dynamics and expenditures.
Top countries in Healthcare Expenditure on Over-The-Counter Medicines by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bosnia and Herzegovina | 1.18 | 2023 | +1.72% | +4.21% | View data |
| 2 | 2 Romania | 0.68 | 2023 | +6.25% | +8.61% | View data |
| 3 | 3 Poland | 0.65 | 2023 | 0% | -0.3% | View data |
| 4 | 4 Latvia | 0.54 | 2023 | 0% | +1.55% | View data |
| 5 | 5 Cyprus | 0.46 | 2023 | +21.05% | +3.9% | View data |
| 6 | 6 United Kingdom | 0.39 | 2023 | 0% | 0% | View data |
| 7 | 7 Slovenia | 0.35 | 2023 | +2.94% | +3.83% | View data |
| 8 | 8 Spain | 0.32 | 2023 | +3.23% | +2.71% | View data |
| 9 | 9 Austria | 0.3 | 2023 | +3.45% | +2.13% | View data |
| 10 | 10 Czech Republic | 0.27 | 2023 | -3.57% | 0% | View data |
