Wound Care (Pharmacies) - Moldova

  • Moldova
  • Revenue in the Wound Care market is projected to reach US$0.75m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.04%, resulting in a market volume of US$0.79m 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$0.23 are generated in 2024.

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

 
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Analyst Opinion

The Wound Care (Pharmacies) market in Moldova is experiencing steady growth due to increasing customer preferences for advanced wound care products and the rising incidence of chronic wounds. Customer preferences in the Wound Care (Pharmacies) market in Moldova are shifting towards advanced wound care products that promote faster healing and provide better patient comfort. Customers are increasingly seeking products such as hydrocolloid dressings, foam dressings, and alginate dressings, which offer superior absorption, moisture management, and protection against infection. This shift in customer preferences is driven by the growing awareness about the benefits of advanced wound care products, as well as the availability of a wider range of options in pharmacies. The market is also being driven by the rising incidence of chronic wounds in Moldova. Factors such as an aging population, the increasing prevalence of diabetes, and the high incidence of cardiovascular diseases are contributing to the growing number of chronic wounds. As a result, there is a higher demand for wound care products that can effectively manage and treat these wounds. In addition to customer preferences, there are several trends in the Wound Care (Pharmacies) market in Moldova that are shaping its development. One such trend is the increasing adoption of telemedicine and telehealth services, which allow healthcare professionals to remotely monitor and manage wound care. This trend is particularly relevant in rural areas where access to specialized wound care services may be limited. Another trend is the growing emphasis on wound prevention and early intervention. Healthcare providers and pharmacies are increasingly focusing on educating patients about wound care techniques and providing them with preventive measures to reduce the risk of developing chronic wounds. This proactive approach not only helps improve patient outcomes but also reduces the burden on the healthcare system. Local special circumstances in Moldova, such as the limited availability of healthcare resources and the relatively low healthcare expenditure, also influence the Wound Care (Pharmacies) market. The reliance on pharmacies as a primary source of healthcare products and services is higher in Moldova compared to other countries, which further drives the demand for wound care products in pharmacies. Underlying macroeconomic factors, such as the overall economic growth and healthcare infrastructure development in Moldova, also play a role in the development of the Wound Care (Pharmacies) market. As the economy continues to grow and the healthcare system improves, there is an increased focus on providing better healthcare services, including wound care. This, in turn, contributes to the growth of the market. Overall, the Wound Care (Pharmacies) market in Moldova is developing due to changing customer preferences, the rising incidence of chronic wounds, and the adoption of new trends and technologies. These factors, along with local special circumstances and macroeconomic factors, are driving the growth of the market and shaping its future trajectory.

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
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