Key regions: Japan, United States, Europe, United Kingdom, Canada
The Hand Sanitizer (Pharmacies) market in Latvia has experienced significant growth in recent years. Customer preferences have shifted towards hygiene and cleanliness, driving the demand for hand sanitizers. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences in Latvia have been influenced by global trends towards personal hygiene and cleanliness. With the increasing awareness of the importance of hand hygiene in preventing the spread of germs and diseases, consumers are seeking convenient and effective ways to keep their hands clean. Hand sanitizers have emerged as a popular choice due to their ease of use and portability. Customers prefer hand sanitizers that are alcohol-based and have a high concentration of active ingredients, ensuring maximum effectiveness in killing germs. Furthermore, there is a growing demand for hand sanitizers with moisturizing properties to prevent dryness and irritation of the skin. The Hand Sanitizer (Pharmacies) market in Latvia has also been shaped by local special circumstances. The country has a well-developed healthcare system, with a significant number of pharmacies spread across the country. Pharmacies serve as a trusted source for healthcare products and advice, making them a convenient and reliable distribution channel for hand sanitizers. Consumers often prefer purchasing hand sanitizers from pharmacies as they can seek guidance from pharmacists on the most suitable product for their needs. This trust and accessibility have contributed to the growth of the Hand Sanitizer (Pharmacies) market in Latvia. Underlying macroeconomic factors have also played a role in the development of the Hand Sanitizer (Pharmacies) market in Latvia. The COVID-19 pandemic has significantly increased the demand for hand sanitizers worldwide, and Latvia is no exception. The government and health authorities have emphasized the importance of hand hygiene in preventing the spread of the virus, leading to a surge in demand for hand sanitizers. Additionally, the growing tourism industry in Latvia has contributed to the increased demand for hand sanitizers. As more tourists visit the country, the need for hand sanitizers in hotels, restaurants, and other public places has increased, further driving the market growth. In conclusion, the Hand Sanitizer (Pharmacies) market in Latvia has experienced significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The increasing focus on hygiene and cleanliness, coupled with the accessibility of pharmacies as distribution channels, has driven the demand for hand sanitizers. Furthermore, the COVID-19 pandemic and the growing tourism industry have further contributed to the market's development.
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.
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