Hand Sanitizer (Pharmacies) - Sweden

  • Sweden
  • Revenue in the Hand Sanitizer market is projected to reach US$5.86m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -1.22%, resulting in a market volume of US$5.51m 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$0.55 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 Sweden 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 have played a crucial role in the growth of the Hand Sanitizer (Pharmacies) market in Sweden. With increasing awareness about personal hygiene and the importance of hand sanitization, customers are actively seeking hand sanitizers to protect themselves from germs and bacteria. The convenience of purchasing hand sanitizers from pharmacies, where they can also seek professional advice, has made it a preferred choice for many consumers. Trends in the market have also contributed to the growth of the Hand Sanitizer (Pharmacies) market in Sweden. The COVID-19 pandemic has significantly increased the demand for hand sanitizers, as people have become more cautious about their health and hygiene. This trend is expected to continue as hygiene practices have become ingrained in people's daily routines. Additionally, the introduction of innovative hand sanitizer products, such as those with moisturizing properties or natural ingredients, has also attracted customers and boosted market growth. Local special circumstances in Sweden have further fueled the growth of the Hand Sanitizer (Pharmacies) market. Sweden has a well-developed healthcare system, with a strong emphasis on preventive healthcare. This has led to a higher demand for hand sanitizers, as people in Sweden are proactive in maintaining their health and preventing the spread of diseases. The accessibility of pharmacies across the country has made it easier for customers to purchase hand sanitizers, contributing to market growth. Underlying macroeconomic factors have also played a role in the development of the Hand Sanitizer (Pharmacies) market in Sweden. The country has a stable economy, with a high standard of living and disposable income. This has enabled consumers to afford hand sanitizers and prioritize their health and hygiene. Additionally, the government's focus on public health and safety has led to increased awareness and demand for hand sanitizers, further driving market growth. In conclusion, the Hand Sanitizer (Pharmacies) market in Sweden has experienced significant growth due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The increased awareness about personal hygiene, the convenience of purchasing from pharmacies, and the impact of the COVID-19 pandemic have all contributed to the growth of this market. With a strong healthcare system and a focus on preventive healthcare, Sweden is likely to continue witnessing a steady demand for hand sanitizers in the future.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
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