Wound Care (Pharmacies) - Kazakhstan

  • Kazakhstan
  • Revenue in the Wound Care market is projected to reach US$1.88m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.11%, resulting in a market volume of US$1.87m 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$0.09 are generated in 2024.

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

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Wound Care (Pharmacies) market in Kazakhstan is experiencing significant growth due to several key factors.

Customer preferences:
Customers in Kazakhstan are increasingly seeking out wound care products from pharmacies. This shift in preference can be attributed to the convenience and accessibility of pharmacies, as well as the growing awareness of the importance of proper wound care. Additionally, customers are becoming more discerning in their choice of wound care products, opting for those that offer superior quality and effectiveness.

Trends in the market:
One of the main trends in the Wound Care (Pharmacies) market in Kazakhstan is the increasing demand for advanced wound care products. This can be attributed to the rising prevalence of chronic wounds, such as diabetic foot ulcers, as well as the aging population in the country. Advanced wound care products, such as dressings and bandages that promote faster healing and prevent infection, are gaining popularity among both healthcare professionals and patients. Another trend in the market is the growing adoption of telemedicine and online pharmacies. This trend has been accelerated by the COVID-19 pandemic, as people are seeking alternative ways to access healthcare services and purchase wound care products. Online pharmacies provide a convenient and safe option for customers to purchase their wound care products, especially for those who are unable or unwilling to visit physical pharmacies.

Local special circumstances:
Kazakhstan has a rapidly developing healthcare infrastructure, which includes an increasing number of pharmacies across the country. This expansion of the pharmacy network has made wound care products more accessible to customers, particularly in rural areas where access to healthcare facilities may be limited. Furthermore, the government of Kazakhstan has been actively promoting the use of generic drugs, which has led to a wider variety of affordable wound care products being available in pharmacies.

Underlying macroeconomic factors:
The growing middle class in Kazakhstan has contributed to the increased demand for wound care products. As disposable incomes rise, consumers are more willing to spend on healthcare products, including wound care. Additionally, the government's focus on healthcare and improving access to quality healthcare services has also played a role in the development of the Wound Care (Pharmacies) market in Kazakhstan. In conclusion, the Wound Care (Pharmacies) market in Kazakhstan is experiencing growth due to customer preferences for pharmacy-based products, the increasing demand for advanced wound care, the adoption of telemedicine and online pharmacies, the expansion of the pharmacy network, and underlying macroeconomic factors such as the growing middle class and government initiatives. These factors are driving the development of the market and are expected to continue to shape its growth 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
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)