Hand Sanitizer (Pharmacies) - Czechia

Czechia

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$6.32m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.87%, resulting in a market volume of US$8.41m 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$0.60 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Czechia has witnessed significant growth in recent years, driven by changing customer preferences and increasing awareness of hygiene practices.

Customer preferences: Customers in Czechia have become more conscious about their health and hygiene, leading to a growing demand for hand sanitizers. The COVID-19 pandemic has further accelerated this trend, with individuals prioritizing the use of hand sanitizers to protect themselves from potential infections. Additionally, the convenience and portability of hand sanitizers make them a popular choice among consumers.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Czechia is the increasing demand for natural and organic hand sanitizers. Consumers are becoming more mindful of the ingredients used in personal care products and are seeking products that are free from harmful chemicals. This has led to the emergence of a wide range of natural and organic hand sanitizers in the market, catering to the preferences of health-conscious consumers. Another trend observed in the market is the rising popularity of scented hand sanitizers. Manufacturers are introducing a variety of fragrances to make hand sanitizers more appealing to consumers. This trend is particularly driven by the younger demographic, who are more likely to prioritize sensory experiences in their purchasing decisions.

Local special circumstances: Czechia has a well-developed healthcare system, which includes a network of pharmacies spread across the country. Pharmacies play a crucial role in the distribution of hand sanitizers, making them easily accessible to consumers. This widespread availability of hand sanitizers in pharmacies has contributed to the growth of the market.

Underlying macroeconomic factors: The growing demand for hand sanitizers in Czechia can also be attributed to the country's strong economic performance. With a stable economy and increasing disposable income, consumers have the purchasing power to invest in personal care products such as hand sanitizers. Additionally, the government's focus on promoting public health and hygiene has further bolstered the demand for hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Czechia is witnessing growth due to changing customer preferences, increasing awareness of hygiene practices, and the availability of a wide range of products in pharmacies. The trends of natural and organic hand sanitizers and scented hand sanitizers are gaining traction among consumers. The strong economic performance of Czechia and the government's emphasis on public health are also contributing to the growth of the market.

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.