Hand Sanitizer (Pharmacies) - Iraq

  • Iraq
  • Revenue in the Hand Sanitizer market is projected to reach US$5.99m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.95%, resulting in a market volume of US$8.78m 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$0.13 are generated in 2024.

Key regions: Japan, United States, Europe, United Kingdom, Canada

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Iraq has been experiencing significant growth in recent years.

Customer preferences:
Customers in Iraq have shown a growing preference for hand sanitizers due to the increased awareness about personal hygiene and the importance of hand sanitization in preventing the spread of diseases. The COVID-19 pandemic has further accelerated this trend, with people becoming more conscious about maintaining cleanliness and preventing the transmission of viruses and bacteria.

Trends in the market:
One of the key trends in the Hand Sanitizer (Pharmacies) market in Iraq is the increasing demand for alcohol-based hand sanitizers. Alcohol-based hand sanitizers are considered to be more effective in killing germs and viruses compared to non-alcohol-based sanitizers. This trend can be attributed to the recommendations by health authorities and the perception among consumers that alcohol-based sanitizers provide better protection against infectious diseases. Another trend in the market is the rising popularity of portable and travel-sized hand sanitizers. These smaller-sized sanitizers are convenient to carry and can be easily used on-the-go. With people becoming more cautious about maintaining hygiene outside their homes, the demand for portable hand sanitizers has witnessed a significant increase.

Local special circumstances:
Iraq, being a country with a hot climate, experiences a high prevalence of infectious diseases. The hot weather creates an environment conducive to the growth and spread of bacteria and viruses. As a result, there is a greater need for hand sanitizers to maintain personal hygiene and prevent the spread of diseases. Furthermore, Iraq has a large young population, which is more likely to be aware of and prioritize personal hygiene practices. This demographic factor contributes to the growing demand for hand sanitizers in the country.

Underlying macroeconomic factors:
The Hand Sanitizer (Pharmacies) market in Iraq is also influenced by macroeconomic factors. The country has been witnessing economic growth in recent years, which has led to an increase in disposable income among the population. As a result, consumers have more purchasing power to invest in personal hygiene products such as hand sanitizers. Additionally, the government of Iraq has been taking initiatives to promote public health and hygiene. This includes campaigns and awareness programs to educate the population about the importance of hand sanitization. Such initiatives contribute to the growing demand for hand sanitizers in the country. In conclusion, the Hand Sanitizer (Pharmacies) market in Iraq is witnessing significant growth due to the increasing awareness about personal hygiene, the preference for alcohol-based sanitizers, the rising popularity of portable sanitizers, the local special circumstances of a hot climate and a young population, and the 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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)