Key regions: Japan, United States, Europe, United Kingdom, Canada
The Hand Sanitizer (Pharmacies) market in Hungary has experienced significant growth in recent years. Customer preferences have shifted towards more convenient and portable hygiene solutions, leading to an increased demand for hand sanitizers. Additionally, the COVID-19 pandemic has further accelerated the adoption of hand sanitizers as a preventive measure against the spread of the virus.
Customer preferences: In Hungary, customers have shown a growing preference for hand sanitizers due to their convenience and effectiveness in maintaining good hand hygiene. Hand sanitizers are easy to carry and can be used without water, making them a popular choice for individuals on the go. Moreover, hand sanitizers are perceived as a quick and efficient way to kill germs and prevent the spread of diseases. As a result, there has been a shift in consumer behavior towards the regular use of hand sanitizers as a preventive measure.
Trends in the market: The Hand Sanitizer (Pharmacies) market in Hungary has witnessed a surge in demand in recent years, driven by increasing awareness about the importance of hand hygiene. The COVID-19 pandemic has further intensified this trend, with individuals and organizations prioritizing hygiene practices to reduce the risk of infection. As a result, the market has experienced a significant increase in sales volume and revenue.
Local special circumstances: Hungary has a well-established healthcare system, with a strong presence of pharmacies across the country. Pharmacies play a crucial role in distributing hand sanitizers to the general public, making them easily accessible to consumers. The government has also taken steps to ensure the availability of hand sanitizers by implementing regulations and guidelines for their production and distribution. This has facilitated the growth of the Hand Sanitizer (Pharmacies) market in Hungary.
Underlying macroeconomic factors: The growth of the Hand Sanitizer (Pharmacies) market in Hungary can be attributed to several underlying macroeconomic factors. Firstly, the increasing disposable income of the population has enabled consumers to prioritize their health and hygiene needs. Secondly, the rising awareness about the importance of hand hygiene, coupled with the COVID-19 pandemic, has created a sense of urgency among consumers to adopt preventive measures. Lastly, the government's initiatives to promote hand hygiene and ensure the availability of hand sanitizers have further fueled the growth of the market. In conclusion, the Hand Sanitizer (Pharmacies) market in Hungary has experienced significant growth due to changing customer preferences, increased awareness about hand hygiene, and the impact of the COVID-19 pandemic. The convenience and effectiveness of hand sanitizers, coupled with the well-established pharmacy network and government support, have contributed to the market's expansion. With the continued emphasis on hygiene practices, the Hand Sanitizer (Pharmacies) market in Hungary is expected to witness sustained growth in the coming years.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
