Hand Sanitizer (Pharmacies) - Bahrain

Bahrain

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$970.20k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.24%, resulting in a market volume of US$1.31m by 2029.
In global comparison, most revenue will be generated China (US$385.20m in 2024).
In relation to total population figures, per person revenues of US$0.65 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Bahrain has been experiencing significant growth in recent years.

Customer preferences: Customers in Bahrain have shown an increasing preference for hand sanitizers purchased from pharmacies. This can be attributed to the trust and reliability associated with pharmacies, as well as the convenience of being able to purchase hand sanitizers alongside other healthcare products. Additionally, pharmacies in Bahrain often stock a wide range of hand sanitizer brands, allowing customers to choose the product that best suits their needs.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Bahrain is the growing demand for alcohol-based hand sanitizers. Alcohol-based hand sanitizers have been proven to be more effective in killing germs and viruses compared to non-alcohol-based alternatives. This trend can be attributed to the increased awareness of the importance of hand hygiene, especially in the wake of the COVID-19 pandemic. Customers are now more conscious of the need for effective sanitization and are actively seeking out alcohol-based hand sanitizers. Another trend in the market is the rising popularity of natural and organic hand sanitizers. Customers in Bahrain are becoming more health-conscious and are seeking products that are free from harsh chemicals and artificial fragrances. As a result, pharmacies are now stocking a variety of natural and organic hand sanitizers to cater to this demand. These products often contain ingredients such as aloe vera and essential oils, which are believed to have additional moisturizing and soothing properties.

Local special circumstances: Bahrain is a small island nation with a high population density, which makes it particularly vulnerable to the spread of infectious diseases. This has led to a heightened awareness of the importance of hand hygiene among the population. Additionally, Bahrain has a well-developed healthcare system, with pharmacies playing a crucial role in providing healthcare products and services to the public. As a result, pharmacies in Bahrain have become the go-to destination for customers looking to purchase hand sanitizers.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Bahrain has also been influenced by macroeconomic factors. The country has a high GDP per capita, which has contributed to increased consumer spending on healthcare products, including hand sanitizers. Additionally, the government of Bahrain has implemented various measures to promote public health and safety, including campaigns to raise awareness about hand hygiene. These initiatives have further fueled the demand for hand sanitizers in the market. In conclusion, the Hand Sanitizer (Pharmacies) market in Bahrain is witnessing significant growth due to customer preferences for purchasing hand sanitizers from pharmacies, the increasing demand for alcohol-based and natural/organic hand sanitizers, the local special circumstances of the country, and the underlying macroeconomic factors.

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.