Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Angola

Angola

The Hand Sanitizer market market in Angola is projected to generate a revenue of US$2.81m in 2024.
With an expected annual growth rate of 4.37% (CAGR 2024-2029), the market shows promising potential.
In a global context, the in the United States leads the way with a revenue of US$643.50m in 2024.
When considering the population, per person revenues amount to US$0.07 in 2024.
Despite the rising demand for hand sanitizers globally, Angola's OTC pharmaceutical market for hand sanitizers remains underdeveloped due to limited awareness and accessibility.

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

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Analyst Opinion

The Hand Sanitizer market in Angola has experienced significant growth in recent years, driven by changing customer preferences, global trends, and local special circumstances. Customer preferences have shifted towards increased hygiene and cleanliness, leading to a higher demand for hand sanitizers. This change in behavior can be attributed to growing awareness about the importance of hand hygiene in preventing the spread of diseases, including the COVID-19 pandemic. As a result, consumers are seeking convenient and effective ways to sanitize their hands on the go, which has boosted the demand for hand sanitizers.Trends in the global market have also influenced the development of the Hand Sanitizer market in Angola. Worldwide, there has been a surge in the production and consumption of hand sanitizers due to the pandemic. This global trend has had a spill-over effect on the Angolan market, as consumers have become more aware of the importance of hand hygiene and are adopting similar practices. As a result, the demand for hand sanitizers in Angola has increased significantly.Local special circumstances in Angola have further contributed to the growth of the Hand Sanitizer market. The country has a tropical climate, which is conducive to the spread of bacteria and viruses. This has created a need for effective hand sanitizers to combat the transmission of diseases. Additionally, Angola has a large population and a growing urban middle class, which has led to increased consumer spending power and a higher demand for personal care products, including hand sanitizers.Underlying macroeconomic factors have also played a role in the development of the Hand Sanitizer market in Angola. The country has experienced steady economic growth in recent years, which has led to an expansion of the middle class and an increase in disposable income. This has allowed consumers to prioritize personal hygiene and invest in products such as hand sanitizers.In conclusion, the Hand Sanitizer market in Angola has experienced significant growth due to changing customer preferences, global trends, local special circumstances, and underlying macroeconomic factors. The increased demand for hand sanitizers can be attributed to a shift towards increased hygiene and cleanliness, influenced by global trends and the COVID-19 pandemic. Additionally, the tropical climate, growing population, and rising disposable income in Angola have further fueled the growth of the market.

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.