Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Moldova

Moldova

Revenue in the Hand Sanitizer market is projected to reach US$0.88m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.69%, resulting in a market volume of US$0.85m 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$0.27 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 Moldova has witnessed significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Moldova have shifted towards a greater emphasis on personal hygiene and health. The COVID-19 pandemic has heightened awareness about the importance of hand hygiene, leading to an increased demand for hand sanitizers. Customers are now more inclined to purchase hand sanitizers from pharmacies, as they perceive these establishments to offer reliable and high-quality products. Trends in the Hand Sanitizer (Pharmacies) market in Moldova reflect global patterns. There has been a surge in the production and availability of hand sanitizers in pharmacies. Pharmacies have expanded their product offerings to include a wide range of hand sanitizers with different formulations and fragrances. Additionally, pharmacies have implemented measures to ensure the availability of hand sanitizers at all times, such as bulk purchasing and online ordering options. Local special circumstances in Moldova have also contributed to the growth of the Hand Sanitizer (Pharmacies) market. The country has a well-established network of pharmacies, making it convenient for customers to access hand sanitizers. Furthermore, the government has implemented strict regulations and guidelines for the production and sale of hand sanitizers, ensuring their quality and safety. These factors have instilled confidence in customers and encouraged them to purchase hand sanitizers from pharmacies. Underlying macroeconomic factors have played a role in the development of the Hand Sanitizer (Pharmacies) market in Moldova. The country has experienced economic growth in recent years, leading to an increase in disposable income. As a result, customers have more purchasing power and are willing to spend on products that promote health and hygiene. Additionally, the government has implemented public health campaigns to educate the population about the importance of hand hygiene, further driving the demand for hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Moldova has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increased emphasis on personal hygiene, the availability of a wide range of hand sanitizers in pharmacies, the convenience of accessing pharmacies, and the economic growth in the country have all contributed to this development.

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.