Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Oman

Oman

The Hand Sanitizer market market in Oman is projected to generate a revenue of US$3.72m Omani Rials in 2024.
It is anticipated to witness a yearly growth rate of 4.29% (CAGR 2024-2029).
When compared globally, the in the United States leads in revenue generation, with an estimated amount of US$643.50m Omani Rials in 2024.
In terms of per capita income, individuals in Oman are expected to generate US$0.79 Omani Rials in revenue in 2024.
In Oman, the demand for hand sanitizers has witnessed a significant surge due to the increasing awareness of hygiene and the ongoing COVID-19 pandemic.

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

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Analyst Opinion

The Hand Sanitizer market in Oman has been experiencing significant growth in recent years, driven by increasing awareness of personal hygiene and the need for effective hand sanitization.

Customer preferences: Customers in Oman have shown a strong preference for hand sanitizers that are convenient to use and have a pleasant fragrance. They also prioritize products that are gentle on the skin and do not cause any irritation. Additionally, customers are increasingly seeking hand sanitizers with natural ingredients and those that are environmentally friendly.

Trends in the market: One of the key trends in the Hand Sanitizer market in Oman is the growing demand for portable and travel-sized hand sanitizers. With an increasing number of people traveling for work and leisure, the need for on-the-go hand sanitization has become more important. This trend is further fueled by the COVID-19 pandemic, which has heightened the importance of maintaining good hand hygiene at all times.Another trend in the market is the rising popularity of alcohol-free hand sanitizers. While alcohol-based hand sanitizers have traditionally been the preferred choice for their effectiveness against germs, many customers are now opting for alcohol-free alternatives due to concerns about skin dryness and irritation. This trend is particularly prevalent among individuals with sensitive skin or those who use hand sanitizers frequently throughout the day.

Local special circumstances: Oman is known for its hot and arid climate, which can often lead to dry and cracked skin. This has created a unique demand for hand sanitizers that not only effectively kill germs but also moisturize and protect the skin. Manufacturers have responded to this demand by introducing hand sanitizers with added moisturizing agents and skin-nourishing ingredients, catering to the specific needs of customers in Oman.

Underlying macroeconomic factors: The Hand Sanitizer market in Oman has also been influenced by macroeconomic factors such as population growth, urbanization, and an increasing focus on healthcare and hygiene. The country has experienced a steady increase in population, leading to a larger consumer base for hand sanitizers. Furthermore, the rapid urbanization and modernization of Oman have resulted in a greater emphasis on personal hygiene, driving the demand for hand sanitizers.The COVID-19 pandemic has also played a significant role in driving the growth of the Hand Sanitizer market in Oman. The outbreak has heightened public awareness of the importance of hand hygiene and has led to increased demand for hand sanitizers across various sectors, including healthcare, hospitality, and retail. This surge in demand is expected to continue even after the pandemic, as people have become more conscious of the need to maintain good hand hygiene to prevent the spread of diseases. In conclusion, the Hand Sanitizer market in Oman is witnessing significant growth due to increasing awareness of personal hygiene and the need for effective hand sanitization. Customer preferences for convenience, fragrance, and skin-friendly products are shaping the market, with trends such as the demand for portable and alcohol-free hand sanitizers gaining traction. The local special circumstances of Oman's climate and the underlying macroeconomic factors of population growth, urbanization, and the impact of the COVID-19 pandemic are driving the market's development.

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.