Hand Sanitizer (Pharmacies) - Estonia

  • Estonia
  • Revenue in the Hand Sanitizer market is projected to reach US$0.76m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.06%, resulting in a market volume of US$1.02m 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$0.57 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 Estonia has seen significant growth in recent years, driven by changing customer preferences and global trends.

Customer preferences:
Customers in Estonia have become more conscious about personal hygiene and health, especially in the wake of the COVID-19 pandemic. This has led to an increased demand for hand sanitizers, particularly those available in pharmacies. Consumers prefer hand sanitizers that are effective, easy to use, and have a pleasant fragrance. They also look for products that are gentle on the skin and do not cause any irritation.

Trends in the market:
One of the key trends in the Hand Sanitizer (Pharmacies) market in Estonia is the growing popularity of natural and organic products. Customers are increasingly seeking hand sanitizers that are made from natural ingredients and do not contain any harsh chemicals. This trend is in line with the global shift towards more sustainable and eco-friendly products. Pharmacies in Estonia have responded to this trend by offering a wide range of natural and organic hand sanitizers to cater to the demand. Another trend in the market is the increasing availability of hand sanitizers in different formats. Apart from the traditional gel-based hand sanitizers, pharmacies in Estonia now offer hand sanitizing sprays, wipes, and foams. This allows customers to choose a format that suits their preferences and lifestyle. The availability of different formats has also made hand sanitizers more convenient to use, especially when customers are on the go.

Local special circumstances:
Estonia has a well-developed healthcare system, with a strong emphasis on preventive care. This has contributed to the growing demand for hand sanitizers in pharmacies. Pharmacies in Estonia are seen as trusted sources of healthcare products and advice, making them a preferred destination for customers looking for hand sanitizers. The presence of knowledgeable pharmacists in these establishments also helps customers make informed choices and select the right hand sanitizer for their needs.

Underlying macroeconomic factors:
The Hand Sanitizer (Pharmacies) market in Estonia has also been influenced by macroeconomic factors. The country has a stable economy and a high standard of living, which has contributed to the increased spending power of consumers. As a result, customers are more willing to invest in hand sanitizers and other personal care products that promote health and well-being. In conclusion, the Hand Sanitizer (Pharmacies) market in Estonia has experienced growth due to changing customer preferences, global trends, and local special circumstances. The demand for natural and organic hand sanitizers, as well as the availability of different formats, has driven the market forward. Additionally, the well-developed healthcare system and strong economy in Estonia have contributed to the increased demand for hand sanitizers in pharmacies.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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