Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Burkina Faso

Burkina Faso

Revenue in the Hand Sanitizer market is projected to reach US$0.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.39%, resulting in a market volume of US$0.78m by 2029.
In global comparison, most revenue will be generated in China (US$385.20m in 2024).
In relation to total population figures, per person revenues of US$0.03 are generated in 2024.

Key regions: Japan, United States, Europe, United Kingdom, Canada

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Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Burkina Faso is experiencing significant growth due to several factors. Customer preferences have shifted towards a greater emphasis on personal hygiene and health, leading to an increased demand for hand sanitizers. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market. Customer preferences in Burkina Faso have been influenced by global trends highlighting the importance of hand hygiene. As people become more aware of the risks of infectious diseases, they are taking proactive measures to protect themselves and their families. Hand sanitizers, with their convenience and effectiveness, have become a popular choice for maintaining hand hygiene. This shift in customer preferences has resulted in a surge in demand for hand sanitizers in pharmacies across the country. The market for hand sanitizers in Burkina Faso is also influenced by local special circumstances. The country has a high population density, particularly in urban areas, which increases the risk of disease transmission. As a result, individuals are adopting preventive measures such as regular hand sanitization to reduce the spread of germs. Additionally, the government has implemented public health campaigns to raise awareness about the importance of hand hygiene, further driving the demand for hand sanitizers. Underlying macroeconomic factors have also played a role in the development of the Hand Sanitizer (Pharmacies) market in Burkina Faso. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. As a result, consumers have more purchasing power and are willing to invest in products that promote their health and well-being. Hand sanitizers, being affordable and easily accessible in pharmacies, have become a popular choice for consumers looking to maintain good hand hygiene. In conclusion, the Hand Sanitizer (Pharmacies) market in Burkina Faso is witnessing growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The increased emphasis on personal hygiene and health, coupled with a high population density and rising disposable income, has contributed to the surge in demand for hand sanitizers. As the market continues to develop, it is likely to attract more players and witness further innovation in product offerings.

Methodology

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.