Wound Care (Pharmacies) - Lesotho

Revenue in the Wound Care market is projected to reach US$32.15k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.41%, resulting in a market volume of US$32.81k 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$0.01 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.
For more information on the data displayed, use the info button next to the boxes.

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 Lesotho has been experiencing steady growth in recent years.

Customer preferences: Customers in Lesotho have shown a preference for wound care products that are affordable, effective, and easily accessible. They value products that provide quick relief and promote faster healing. Customers also look for wound care products that are gentle on the skin and do not cause any adverse reactions. Additionally, customers in Lesotho prefer wound care products that are easy to use and require minimal maintenance.

Trends in the market: One of the key trends in the Wound Care (Pharmacies) market in Lesotho is the increasing demand for advanced wound care products. As customers become more aware of the benefits of advanced wound care products, they are willing to invest in these products to ensure better healing outcomes. This trend is driven by the growing prevalence of chronic wounds, such as diabetic foot ulcers, which require specialized wound care products for effective treatment. Another trend in the market is the rising popularity of natural and organic wound care products. Customers in Lesotho are increasingly seeking natural alternatives to traditional wound care products, as they are perceived to be safer and gentler on the skin. This trend is in line with the global shift towards natural and organic products in the healthcare industry.

Local special circumstances: One of the unique aspects of the Wound Care (Pharmacies) market in Lesotho is the high prevalence of HIV/AIDS. Lesotho has one of the highest HIV/AIDS prevalence rates in the world, which has led to an increased demand for wound care products. People living with HIV/AIDS are more susceptible to infections and slower wound healing, making wound care products essential for their overall health and well-being.

Underlying macroeconomic factors: The growth of the Wound Care (Pharmacies) market in Lesotho can be attributed to several underlying macroeconomic factors. The increasing population, coupled with rising disposable incomes, has led to a higher demand for healthcare products, including wound care products. The government's efforts to improve healthcare infrastructure and services have also contributed to the growth of the market. Additionally, the growing awareness about the importance of wound care and the availability of a wide range of products in pharmacies have further fueled the market growth. In conclusion, the Wound Care (Pharmacies) market in Lesotho is developing due to customer preferences for affordable and effective wound care products, the increasing demand for advanced and natural products, the high prevalence of HIV/AIDS, and underlying macroeconomic factors such as population growth and rising disposable incomes. This market is expected to continue growing as the healthcare industry in Lesotho evolves and customers become more conscious about their wound care needs.

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.