Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Egypt

Egypt

Revenue in the Hand Sanitizer market is projected to reach US$20.46m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.56%, resulting in a market volume of US$25.57m 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$0.18 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 Egypt has experienced significant growth in recent years.

Customer preferences: In Egypt, customers have shown a growing 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 along with other healthcare products.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Egypt is the increasing demand for alcohol-based hand sanitizers. This trend can be attributed to the effectiveness of alcohol-based sanitizers in killing germs and viruses, including the recent COVID-19 pandemic. Customers are becoming more aware of the importance of hand hygiene and are seeking products that provide maximum protection. Another trend in the market is the introduction of new and innovative hand sanitizer products. Manufacturers are constantly developing new formulations and packaging designs to cater to the changing customer preferences. This includes the introduction of hand sanitizers with moisturizing properties, different fragrances, and portable packaging options.

Local special circumstances: Egypt has a large population and a high population density, which increases the risk of infectious diseases spreading. The government and healthcare authorities in Egypt have been actively promoting hand hygiene practices to prevent the spread of diseases. This has further contributed to the growing demand for hand sanitizers in the country, particularly through pharmacies.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Egypt has also been influenced by macroeconomic factors. The country has experienced economic growth in recent years, which has led to an increase in disposable income among consumers. This has enabled more individuals to afford hand sanitizers and other healthcare products. Additionally, the government's focus on healthcare infrastructure development and improving access to healthcare services has also contributed to the growth of the market. In conclusion, the Hand Sanitizer (Pharmacies) market in Egypt has seen significant growth due to customer preferences for pharmacy-purchased products, the increasing demand for alcohol-based sanitizers, the introduction of new and innovative products, local special circumstances such as high population density, and underlying macroeconomic factors such as economic growth and government initiatives.

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.