Hand Sanitizer (Pharmacies) - Iran

  • Iran
  • Revenue in the Hand Sanitizer market is projected to reach US$37.28m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.71%, resulting in a market volume of US$51.58m 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$0.42 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 Iran has been experiencing significant growth in recent years. Customer preferences in the Hand Sanitizer (Pharmacies) market in Iran have shifted towards products that are effective in killing germs and bacteria. Consumers are becoming more aware of the importance of hand hygiene and are actively seeking out hand sanitizers that provide maximum protection. Additionally, there has been a growing demand for hand sanitizers that are gentle on the skin and do not cause any irritation or dryness. Trends in the Hand Sanitizer (Pharmacies) market in Iran indicate a shift towards natural and organic products. Consumers are increasingly opting for hand sanitizers that are made from natural ingredients and do not contain any harmful chemicals. This trend is driven by a growing awareness of the potential health risks associated with synthetic ingredients and a desire for more sustainable and environmentally-friendly products. Another trend in the Hand Sanitizer (Pharmacies) market in Iran is the increasing popularity of pocket-sized hand sanitizers. These compact and portable products are convenient for on-the-go use and have become a staple in many people's daily routines. The demand for pocket-sized hand sanitizers has been further fueled by the COVID-19 pandemic, as people are more conscious of the need for frequent hand sanitization when outside their homes. Local special circumstances in Iran have also contributed to the growth of the Hand Sanitizer (Pharmacies) market. The country has a large population with a high population density, which increases the risk of the spread of infectious diseases. This has led to a greater emphasis on hand hygiene and a higher demand for hand sanitizers. Underlying macroeconomic factors have also played a role in the development of the Hand Sanitizer (Pharmacies) market in Iran. The country has experienced economic growth in recent years, which has led to an increase in disposable income and consumer spending. As a result, more people are able to afford hand sanitizers and are willing to invest in products that promote their health and well-being. In conclusion, the Hand Sanitizer (Pharmacies) market in Iran is growing due to changing customer preferences, including a focus on effectiveness and natural ingredients, as well as the demand for portable products. Local special circumstances, such as a large population and high population density, have also contributed to the market's development. Additionally, underlying macroeconomic factors, such as economic growth and increased disposable income, have played a role in driving the market forward.

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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