Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Israel

Israel

In Israel, the revenue in the Hand Sanitizer market market reaches US$10.35m in 2024.
It is projected to experience an annual growth rate of 4.14% (CAGR 2024-2029).
When comparing globally, the in the United States generates the highest revenue with US$643.50m in 2024.
Looking at the per person revenues in relation to the total population, each individual in Israel generates US$1.11 in revenue in 2024.
Israel's hand sanitizer market is experiencing a surge in demand due to the country's emphasis on hygiene and cleanliness.

Key regions: Germany, Europe, United States, Brazil, India

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Analyst Opinion

The Hand Sanitizer market in Israel has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth of the Hand Sanitizer market in Israel is the increasing awareness among consumers about the importance of hand hygiene. With the rise in public health concerns, people are becoming more conscious about preventing the spread of germs and bacteria. As a result, there is a growing demand for hand sanitizers as a convenient and effective way to maintain hand hygiene on the go.

Trends in the market: The Hand Sanitizer market in Israel has witnessed a surge in demand due to the outbreak of infectious diseases, such as COVID-19. The pandemic has created a heightened sense of urgency among consumers to protect themselves and their families from germs and viruses. This has led to a significant increase in the sales of hand sanitizers, as people are actively seeking ways to maintain proper hand hygiene.Another trend in the market is the growing popularity of natural and organic hand sanitizers. Consumers are becoming more conscious about the ingredients used in personal care products and are opting for products that are free from harsh chemicals. This has led to an increase in the demand for hand sanitizers made from natural and organic ingredients, such as essential oils and plant extracts.

Local special circumstances: Israel is a country with a high population density, especially in urban areas. This creates an environment where germs and bacteria can easily spread. As a result, there is a greater need for hand sanitizers to maintain proper hand hygiene and prevent the transmission of diseases. Additionally, Israel has a strong healthcare system and a culture of health-consciousness, which further contributes to the demand for hand sanitizers.

Underlying macroeconomic factors: The Hand Sanitizer market in Israel is also influenced by macroeconomic factors. The country has a stable economy with a high standard of living, which allows consumers to prioritize their health and wellbeing. Additionally, the government has implemented various public health campaigns to promote hand hygiene, which has further increased the demand for hand sanitizers.In conclusion, the Hand Sanitizer market in Israel is experiencing significant growth due to increasing customer awareness about hand hygiene, the outbreak of infectious diseases, and the preference for natural and organic products. The local special circumstances, such as high population density and a culture of health-consciousness, also contribute to the growth of the market. Overall, the Hand Sanitizer market in Israel is expected to continue expanding in the coming years.

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.