Key regions: Australia, Germany, United States, China, Japan
The Hand Sanitizer market in Bhutan has been experiencing significant growth in recent years. Customer preferences have shifted towards a greater emphasis on personal hygiene and cleanliness, leading to an increased demand for hand sanitizers. This trend is in line with the global market, where the importance of hand hygiene has been highlighted due to the COVID-19 pandemic.
Customer preferences: Customer preferences in Bhutan have been influenced by the global emphasis on hand hygiene. People are now more aware of the importance of keeping their hands clean and sanitized to prevent the spread of germs and diseases. As a result, there has been a surge in demand for hand sanitizers in the country. Consumers are looking for products that are effective in killing germs, convenient to use, and gentle on the skin. They also prefer hand sanitizers that are easily accessible and affordable.
Trends in the market: The market for hand sanitizers in Bhutan has witnessed a significant increase in both production and consumption. Local manufacturers have ramped up their production to meet the growing demand. This has led to a wide variety of hand sanitizer brands and products available in the market. Additionally, there has been a shift towards the use of natural and organic ingredients in hand sanitizers, as consumers are becoming more conscious of the potential harmful effects of chemicals.
Local special circumstances: Bhutan is a landlocked country with a small population, which has allowed for a more controlled spread of infectious diseases. However, the government has taken proactive measures to prevent the spread of COVID-19, including promoting hand hygiene and the use of hand sanitizers. This has further fueled the demand for hand sanitizers in the country. Additionally, Bhutan has a strong focus on sustainability and environmental conservation. As a result, there is a growing interest in eco-friendly and biodegradable hand sanitizers in the market.
Underlying macroeconomic factors: The growth of the hand sanitizer market in Bhutan can be attributed to several underlying macroeconomic factors. Firstly, the country has experienced steady economic growth in recent years, which has increased disposable incomes and purchasing power. This has allowed consumers to afford hand sanitizers and other personal hygiene products. Secondly, the government's focus on healthcare and hygiene has led to increased awareness and education about the importance of hand hygiene, further driving the demand for hand sanitizers. Finally, the tourism industry in Bhutan has also contributed to the growth of the hand sanitizer market, as tourists are increasingly conscious of their health and hygiene while traveling.In conclusion, the Hand Sanitizer market in Bhutan has experienced significant growth due to changing customer preferences, increased awareness about hand hygiene, and favorable macroeconomic factors. The market is expected to continue growing as people prioritize cleanliness and personal hygiene in the wake of the COVID-19 pandemic.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
