Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Guinea

Guinea

Revenue in the Hand Sanitizer market is projected to reach US$1.29m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.50%, resulting in a market volume of US$1.94m 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$0.09 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 Guinea has witnessed significant growth in recent years. Customer preferences have shifted towards 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 have played a crucial role in driving the growth of the Hand Sanitizer (Pharmacies) market in Guinea. With the increasing awareness of the importance of hand hygiene in preventing the spread of diseases, consumers have become more conscious about their personal hygiene. As a result, the demand for hand sanitizers has surged, as they provide a convenient and effective way to disinfect hands when soap and water are not readily available. Furthermore, the COVID-19 pandemic has further amplified the importance of hand sanitizers, leading to a significant increase in their usage. In addition to customer preferences, local special circumstances have also contributed to the development of the Hand Sanitizer (Pharmacies) market in Guinea. The country has experienced various disease outbreaks in the past, including Ebola and cholera. These outbreaks have created a heightened awareness of the importance of hand hygiene among the population. As a result, there has been a growing demand for hand sanitizers, especially in healthcare facilities, schools, and public places. Underlying macroeconomic factors have also played a role in shaping the Hand Sanitizer (Pharmacies) market in Guinea. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. As a result, consumers are more willing to spend on personal hygiene products, including hand sanitizers. Additionally, the government has also taken initiatives to promote hand hygiene and public health, which has further boosted the demand for hand sanitizers. Overall, the Hand Sanitizer (Pharmacies) market in Guinea has witnessed significant growth due to customer preferences, local special circumstances, and underlying macroeconomic factors. As the importance of hand hygiene continues to be emphasized, the market is expected to further expand in the coming years. However, it is important for companies operating in this market to stay ahead of the competition by offering innovative and high-quality hand sanitizers that meet the evolving needs of the consumers.

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.