Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Nordics

Nordics

Revenue in the Hand Sanitizer market is projected to reach US$11.67m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.30%, resulting in a market volume of US$12.45m 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 Nordics has been experiencing 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 have played a crucial role in driving the growth of the Hand Sanitizer (Pharmacies) market in Nordics. With the increasing awareness of the importance of hand hygiene, customers have become more conscious of their health and are seeking convenient and effective ways to stay protected. Hand sanitizers provide a quick and easy solution for maintaining hand hygiene, making them a popular choice among consumers. Trends in the market have also contributed to the growth of the Hand Sanitizer (Pharmacies) market in Nordics. The COVID-19 pandemic has significantly increased the demand for hand sanitizers, as people are now more concerned about preventing the spread of germs and viruses. This trend is expected to continue even after the pandemic, as the importance of hand hygiene has been firmly established in the minds of consumers. Local special circumstances in Nordics have further fueled the growth of the Hand Sanitizer (Pharmacies) market. The region's high standard of living and emphasis on cleanliness and hygiene have created a favorable environment for the market to thrive. Additionally, the well-developed healthcare infrastructure and widespread availability of pharmacies have made it convenient for consumers to access hand sanitizers. Underlying macroeconomic factors have also played a role in the growth of the Hand Sanitizer (Pharmacies) market in Nordics. The region's stable economy and high disposable income levels have enabled consumers to afford hand sanitizers and prioritize their health and well-being. Furthermore, government initiatives promoting public health and hygiene have further boosted the demand for hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Nordics has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing awareness of hand hygiene, the demand generated by the COVID-19 pandemic, the region's emphasis on cleanliness, and the stable economy have all contributed to the market's development. As the importance of hand hygiene continues to be a priority for consumers, the Hand Sanitizer (Pharmacies) market in Nordics is expected to witness further growth in the coming years.

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.