Hand Sanitizer (Pharmacies) - Switzerland

Switzerland

Highlights

Revenue in the Hand Sanitizer market is projected to reach US$18.41m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.15%, resulting in a market volume of US$20.47m 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$2.08 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Hand Sanitizer (Pharmacies) market in Switzerland has been experiencing significant growth in recent years. Customer preferences for personal hygiene and health safety have driven the increased demand for hand sanitizers in the country. Moreover, the local special circumstances and underlying macroeconomic factors have also contributed to the development of the market. Customer preferences in Switzerland have shifted towards prioritizing personal hygiene and health safety. The COVID-19 pandemic has raised awareness about the importance of hand hygiene, leading to an increased demand for hand sanitizers. Consumers are now more conscious of preventing the spread of germs and viruses, and hand sanitizers have become an essential item in their daily lives. Additionally, the convenience and portability of hand sanitizers make them a popular choice for maintaining hygiene on the go. Trends in the Hand Sanitizer (Pharmacies) market in Switzerland indicate a growing preference for alcohol-based hand sanitizers. Alcohol-based sanitizers are known for their effectiveness in killing germs and viruses, providing consumers with a sense of security. This trend aligns with global market preferences, as alcohol-based sanitizers have been recommended by health authorities worldwide. Furthermore, there has been an increase in the production and availability of hand sanitizers in different formats, such as gels, sprays, and wipes, catering to the diverse needs and preferences of consumers. The local special circumstances in Switzerland, such as the country's high standard of healthcare and cleanliness, have also influenced the development of the hand sanitizer market. Swiss consumers have a strong emphasis on maintaining personal hygiene and cleanliness. This cultural aspect has contributed to the increased demand for hand sanitizers as a means to prevent the spread of germs and maintain good health. Additionally, the presence of a well-established pharmacy network in Switzerland has made hand sanitizers easily accessible to consumers. Underlying macroeconomic factors have also played a role in the growth of the Hand Sanitizer (Pharmacies) market in Switzerland. The country's stable economy and high disposable income levels have allowed consumers to prioritize health and hygiene products. Furthermore, the government's proactive approach in promoting public health and safety measures during the COVID-19 pandemic has created a favorable environment for the hand sanitizer market to thrive. In conclusion, the Hand Sanitizer (Pharmacies) market in Switzerland has experienced significant growth due to customer preferences for personal hygiene and health safety. The increasing demand for alcohol-based hand sanitizers, the emphasis on cleanliness in Swiss culture, and the country's stable economy and healthcare system have all contributed to the development of the market.

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.