Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Burundi

Burundi

Revenue in the Hand Sanitizer market is projected to reach US$159.80k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.17%, resulting in a market volume of US$161.20k 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$0.01 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 Burundi has been experiencing significant growth in recent years. Customer preferences have shifted towards a greater emphasis on personal hygiene and health, leading to an increased demand for hand sanitizers. This trend is not unique to Burundi, but is part of a global movement towards increased cleanliness and sanitation.

Customer preferences: Customers in Burundi have become more conscious of the importance of hand hygiene in preventing the spread of diseases. As a result, there has been a growing demand for hand sanitizers in pharmacies. This shift in preferences can be attributed to several factors, including increased awareness of the importance of hand hygiene through public health campaigns and the influence of global trends.

Trends in the market: The Hand Sanitizer (Pharmacies) market in Burundi has seen a surge in demand due to the ongoing COVID-19 pandemic. The need for hand sanitizers has increased as individuals and businesses prioritize cleanliness and the prevention of disease transmission. This trend is expected to continue in the near future as the importance of hand hygiene remains a key focus.

Local special circumstances: Burundi, like many other countries, has implemented strict measures to control the spread of COVID-19. These measures include the closure of non-essential businesses and the promotion of hand hygiene. Pharmacies have been allowed to remain open as essential businesses, leading to an increased demand for hand sanitizers in these establishments. The government has also encouraged local production of hand sanitizers to meet the growing demand.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Burundi is also influenced by underlying macroeconomic factors. The country has experienced economic growth in recent years, leading to an increase in disposable income. This has allowed consumers to prioritize their health and hygiene, leading to a greater demand for hand sanitizers. Additionally, the government has implemented policies to support the local production of hand sanitizers, further driving the growth of the market. In conclusion, the Hand Sanitizer (Pharmacies) market in Burundi is experiencing significant growth due to changing customer preferences and the impact of the COVID-19 pandemic. The increased emphasis on hand hygiene and the government's support for local production have contributed to the growth of the market. As the importance of hand hygiene continues to be a priority, the demand for hand sanitizers in pharmacies is expected to remain strong in the coming years.

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.