Hand Sanitizer (Pharmacies) - Norway

Norway

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$1.24m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.49%, resulting in a market volume of US$1.54m 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$0.22 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Norway has experienced significant growth in recent years.

Customer preferences: In Norway, there is a growing awareness among consumers about the importance of hand hygiene, especially in the context of preventing the spread of infectious diseases. As a result, there has been an increased demand for hand sanitizers in pharmacies. Customers are looking for products that are effective in killing germs, convenient to use, and gentle on the skin. They also prefer hand sanitizers that are made from natural ingredients and are environmentally friendly.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Norway is the rising popularity of alcohol-free hand sanitizers. Many consumers are concerned about the drying effect of alcohol-based sanitizers on their skin, and are therefore opting for alcohol-free alternatives. This trend is also driven by the increasing number of people with sensitive skin or allergies. Another trend in the market is the growing demand for travel-sized hand sanitizers. With the rise in international travel, consumers are looking for portable and compact hand sanitizers that can be easily carried in their bags or pockets. This trend is also influenced by the convenience factor, as people want to have access to hand sanitizers at all times, especially when they are on the go.

Local special circumstances: Norway has a high standard of living and a well-developed healthcare system, which has contributed to the growth of the Hand Sanitizer (Pharmacies) market. The country has a strong emphasis on public health and hygiene, and the government has implemented various initiatives to promote hand hygiene among the population. This has created a favorable environment for the growth of the hand sanitizer market in pharmacies.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Norway is also influenced by macroeconomic factors. The country has a stable economy and a high level of disposable income, which has increased the purchasing power of consumers. This has led to an increase in the demand for personal care products, including hand sanitizers. Moreover, the COVID-19 pandemic has had a significant impact on the hand sanitizer market in Norway. The outbreak of the virus has heightened public awareness about the importance of hand hygiene, leading to a surge in demand for hand sanitizers. This trend is likely to continue in the near future, as people are expected to maintain strict hand hygiene practices even after the pandemic subsides. In conclusion, the Hand Sanitizer (Pharmacies) market in Norway has experienced significant growth due to increasing customer awareness about hand hygiene, the rising popularity of alcohol-free sanitizers, and the demand for travel-sized products. The country's high standard of living, well-developed healthcare system, and stable economy have also contributed to the growth of the market. Additionally, the COVID-19 pandemic has further boosted the demand for hand sanitizers in pharmacies.

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.