Key regions: Japan, United States, Europe, United Kingdom, Canada
The Hand Sanitizer (Pharmacies) market in Americas has witnessed significant growth in recent years.
Customer preferences: Customers in the Americas have shown a strong preference for hand sanitizers purchased from pharmacies. This preference can be attributed to the trust and reliability associated with pharmacies, as well as the convenience of purchasing hand sanitizers alongside other healthcare products. Additionally, customers in the region have become increasingly conscious about personal hygiene and the importance of hand sanitization, especially in the wake of the COVID-19 pandemic. As a result, the demand for hand sanitizers in pharmacies has surged.
Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Americas is the increasing popularity of alcohol-based hand sanitizers. Alcohol-based hand sanitizers are known to be highly effective in killing germs and viruses, including the COVID-19 virus. This has led to a significant rise in the demand for alcohol-based hand sanitizers in pharmacies across the region. Customers are actively seeking out hand sanitizers with a high alcohol content, as they believe it provides better protection against germs. Another trend in the market is the growing preference for natural and organic hand sanitizers. Customers in the Americas are becoming more health-conscious and are seeking products that are free from harsh chemicals and artificial fragrances. This has resulted in an increased demand for hand sanitizers made from natural and organic ingredients. Pharmacies are catering to this demand by offering a wide range of natural and organic hand sanitizers to their customers.
Local special circumstances: The Hand Sanitizer (Pharmacies) market in Americas is influenced by various local factors. For example, in countries like the United States and Canada, where healthcare infrastructure is well-developed, pharmacies play a crucial role in providing healthcare products to the population. This has led to a higher demand for hand sanitizers in pharmacies compared to other retail channels. Additionally, the regulations and guidelines set by local health authorities also impact the market. In some countries, there are strict regulations regarding the sale and distribution of hand sanitizers, including requirements for specific ingredients and labeling. Pharmacies, being regulated healthcare providers, are well-equipped to comply with these regulations, which gives them an advantage in the market.
Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Americas is also influenced by underlying macroeconomic factors. For instance, the COVID-19 pandemic has had a significant impact on the market. The increased awareness about personal hygiene and the need for hand sanitization has led to a surge in demand for hand sanitizers. Additionally, the economic downturn caused by the pandemic has resulted in a shift in consumer spending patterns, with more focus on essential healthcare products. Furthermore, the aging population in the Americas is also driving the demand for hand sanitizers. Older adults are more susceptible to infections and illnesses, and therefore, place a higher emphasis on hand hygiene. This has contributed to the growth of the Hand Sanitizer (Pharmacies) market in the region. In conclusion, the Hand Sanitizer (Pharmacies) market in Americas is experiencing significant growth due to customer preferences for pharmacy purchases, the increasing popularity of alcohol-based and natural/organic hand sanitizers, local special circumstances such as healthcare infrastructure and regulations, and underlying macroeconomic factors including the COVID-19 pandemic and the aging population.
Data coverage:
The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. 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 relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.
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