Hand Sanitizer (Pharmacies) - Lesotho

Lesotho

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$85.25k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.55%, resulting in a market volume of US$96.69k by 2029.
In global comparison, most revenue will be generated China (US$385.20m in 2024).
In relation to total population figures, per person revenues of US$0.04 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Lesotho has seen significant growth in recent years. Customer preferences have shifted towards increased hygiene and cleanliness, leading to a higher demand for hand sanitizers. This trend is not unique to Lesotho, as it is a global phenomenon driven by the COVID-19 pandemic.

Customer preferences: Customers in Lesotho, like in many other countries, have become more conscious of the importance of hand hygiene. As a result, there has been a surge in demand for hand sanitizers. This can be attributed to the increased awareness of the role hand sanitizers play in preventing the spread of germs and viruses. Customers are now more likely to purchase hand sanitizers from pharmacies, as they perceive these establishments to have a wider selection and higher quality products compared to other retail outlets.

Trends in the market: The Hand Sanitizer (Pharmacies) market in Lesotho has experienced a steady increase in sales volume and revenue. This can be attributed to the growing demand for hand sanitizers and the convenience of purchasing them from pharmacies. Pharmacies have capitalized on this trend by expanding their hand sanitizer offerings and ensuring a consistent supply to meet customer demand. Additionally, some pharmacies have introduced their own private label hand sanitizers, providing customers with affordable options.

Local special circumstances: Lesotho, being a landlocked country, relies heavily on imports for its consumer goods. This includes hand sanitizers. The availability and pricing of hand sanitizers in the local market are influenced by global supply chain disruptions and fluctuations in exchange rates. These factors can impact the affordability and accessibility of hand sanitizers for customers in Lesotho.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Lesotho is influenced by several macroeconomic factors. The country's GDP growth and disposable income levels play a significant role in determining consumer spending patterns. As the economy grows and disposable incomes increase, customers are more likely to spend on hygiene products such as hand sanitizers. Additionally, government regulations and policies related to health and safety standards can also impact the market. For example, the government may impose restrictions on the sale and distribution of hand sanitizers to ensure quality and safety for consumers. In conclusion, the Hand Sanitizer (Pharmacies) market in Lesotho has experienced growth due to increased customer preferences for hand hygiene and cleanliness. This trend is not unique to Lesotho and is driven by the global COVID-19 pandemic. Pharmacies have responded to this demand by expanding their hand sanitizer offerings and ensuring a consistent supply. However, the market is also influenced by local special circumstances such as import dependency and macroeconomic factors like GDP growth and government regulations.

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.