Wound Care (Pharmacies) - Haiti | Statista Market Forecast

Revenue in the Wound Care market is projected to reach US$342.40k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.14%, resulting in a market volume of US$362.40k by 2029.
In global comparison, most revenue will be generated United States (US$1.04bn in 2024).
In relation to total population figures, per person revenues of US$0.03 are generated in 2024.

Definition:
The Wound Care market consists of a comprehensive array of over-the-counter (OTC) solutions available for purchase through pharmacies. These solutions are aimed at managing wounds, promoting healing, and preventing infections. The product offerings encompass adhesive bandages for minor wound coverage, first aid kits providing extensive supplies, gauze and tape for maintaining cleanliness, as well as wound healing ointments that support the recovery of damaged skin and wounds. This market exclusively covers product sales through pharmacies.

Additional information:
The Wound Care market comprises revenues, average revenue per capita and average revenue per pharmacy. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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Plasters
Adhesive Bandages
First Aid Kits
Gauze
Healing Ointment

Anti-Foot Blister Products
Wound Closure Devices, which require professional application
Prescription Wound Treatments

The Wound Care (Pharmacies) market in Haiti has been experiencing steady growth in recent years.

Customer preferences: Customers in Haiti have shown a growing preference for wound care products available at pharmacies. This can be attributed to the convenience and accessibility of pharmacies, which are often located within close proximity to residential areas. Additionally, customers in Haiti value the expertise and advice provided by pharmacists when it comes to selecting the most suitable wound care products for their needs.

Trends in the market: One of the key trends in the Wound Care (Pharmacies) market in Haiti is the increasing demand for advanced wound care products. As customers become more aware of the benefits of these products, they are willing to invest in higher-quality wound care solutions. This trend is driven by the growing prevalence of chronic wounds and the need for effective wound management. Additionally, there is a rising demand for wound care products that promote faster healing and reduce the risk of infection. Another trend in the market is the introduction of innovative wound care technologies. Companies are constantly developing new products that offer improved healing outcomes and enhanced patient comfort. These technologies include advanced dressings, negative pressure wound therapy, and bioactive wound care products. The adoption of these technologies in Haiti is driven by the desire to provide better healthcare outcomes for patients and reduce the burden on healthcare systems.

Local special circumstances: Haiti is a country with a high prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers. This is primarily due to factors such as poor healthcare infrastructure, limited access to healthcare services, and a high incidence of risk factors such as diabetes and immobility. As a result, there is a significant demand for wound care products that can effectively manage these chronic wounds and prevent complications.

Underlying macroeconomic factors: The development of the Wound Care (Pharmacies) market in Haiti is also influenced by underlying macroeconomic factors. The country has been experiencing economic growth in recent years, leading to an increase in disposable income among the population. This has resulted in higher healthcare expenditure and a greater willingness to invest in healthcare products, including wound care products. Additionally, the government of Haiti has been implementing healthcare reforms to improve access to healthcare services, which has further contributed to the growth of the wound care market. In conclusion, the Wound Care (Pharmacies) market in Haiti is growing due to customer preferences for accessible and convenient wound care products, as well as the increasing demand for advanced wound care solutions. The high prevalence of chronic wounds in the country and the underlying macroeconomic factors also contribute 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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global online pharmacy sector was estimated at 32 billion U.S. dollars by the end of 2023. In the United States, forecasts indicate that this figure would reach approximately 5.7 billion, solidifying its position as one of the largest online pharmacy markets. However, China dominates the pharma e-commerce industry worldwide, generating nearly 8.5 billion dollars in revenue. With China at the forefront, it is no wonder digital pharmacies make up the fastest-growing segment in the Asian digital health market.