Key regions: China, South Korea, Japan, Canada, India
The Wound Care (Pharmacies) market in Angola has been experiencing significant growth in recent years.
Customer preferences: Customers in Angola have shown a growing preference for wound care products available in pharmacies. This can be attributed to several factors, including the convenience of purchasing these products in a familiar and accessible setting. Additionally, customers in Angola value the expertise and advice provided by pharmacists when it comes to wound care, as they are seen as trusted healthcare professionals.
Trends in the market: One of the key trends in the Wound Care (Pharmacies) market in Angola is the increasing demand for advanced wound care products. This can be attributed to the rising awareness among customers about the benefits of using these products for effective wound healing. Advanced wound care products, such as hydrocolloids, foams, and alginates, offer superior wound healing properties compared to traditional wound care products. As a result, customers in Angola are willing to pay a premium for these products. Another trend in the market is the growing popularity of wound care dressings. Dressings play a crucial role in wound management by providing a protective barrier and promoting healing. Customers in Angola are increasingly opting for dressings that are easy to use and offer superior absorption and moisture management capabilities. This trend is driving the demand for innovative wound care dressings in the market.
Local special circumstances: Angola has a high prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers. This can be attributed to factors such as a lack of access to proper healthcare facilities and poor management of underlying health conditions. As a result, there is a significant need for effective wound care products in the country. Pharmacies play a crucial role in meeting this demand by providing customers with a wide range of wound care products.
Underlying macroeconomic factors: The Wound Care (Pharmacies) market in Angola is also influenced by several macroeconomic factors. The country has been experiencing economic growth in recent years, which has led to an increase in disposable income among the population. This has resulted in higher healthcare spending, including spending on wound care products. Additionally, the government has been investing in improving healthcare infrastructure, which has further contributed to the growth of the market. In conclusion, the Wound Care (Pharmacies) market in Angola is witnessing significant growth due to customer preferences for pharmacy-based purchases, the increasing demand for advanced wound care products, and the high prevalence of chronic wounds in the country. These trends are further supported by underlying macroeconomic factors such as economic growth and government investments in healthcare infrastructure.
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.
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