Market Insights Health Pharmacies OTC Products

Wound Care (Pharmacies) - Jordan

Jordan

Revenue in the Wound Care market is projected to reach US$0.89m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.67%, resulting in a market volume of US$0.92m by 2029.
In global comparison, most revenue will be generated in the United States (US$1,042.00m in 2024).
In relation to total population figures, per person revenues of US$0.08 are generated in 2024.

Key regions: China, South Korea, Japan, Canada, India

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Analyst Opinion

The Wound Care (Pharmacies) market in Jordan is experiencing significant growth and development due to several key factors. Customer preferences in the Wound Care (Pharmacies) market in Jordan are shifting towards more advanced and specialized products. Customers are increasingly seeking out wound care products that offer faster healing times, improved pain management, and reduced scarring. This shift in preferences is driven by the growing awareness and demand for high-quality wound care products that can effectively address a wide range of wound types and sizes. Trends in the market indicate a strong demand for wound care products that incorporate innovative technologies. Advanced wound dressings, such as hydrocolloids, foams, and films, are gaining popularity among customers in Jordan. These products provide superior moisture management, promote faster healing, and offer improved patient comfort. Additionally, there is a growing trend towards the use of antimicrobial dressings, which help prevent infection and promote wound healing. Local special circumstances in Jordan also contribute to the development of the Wound Care (Pharmacies) market. The country has a high prevalence of chronic diseases, such as diabetes, which increases the risk of developing chronic wounds. As a result, there is a growing need for specialized wound care products that can effectively treat and manage these conditions. Furthermore, the Jordanian healthcare system is focused on providing accessible and affordable healthcare services to its population, which includes the availability of wound care products in pharmacies. This accessibility and affordability contribute to the increasing demand for wound care products in the country. Underlying macroeconomic factors also play a role in the development of the Wound Care (Pharmacies) market in Jordan. The country's stable economy and growing middle class have led to an increase in healthcare spending. This has resulted in greater affordability and accessibility to wound care products, driving market growth. Additionally, the government's focus on healthcare infrastructure development and initiatives to improve healthcare services have further contributed to the growth of the Wound Care (Pharmacies) market in Jordan. In conclusion, the Wound Care (Pharmacies) market in Jordan is experiencing growth and development due to shifting customer preferences towards advanced and specialized products, the demand for innovative technologies, local special circumstances such as the prevalence of chronic diseases, and underlying macroeconomic factors such as a stable economy and increased healthcare spending.

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.