Wound Care (Pharmacies) - Morocco

Revenue in the Wound Care market is projected to reach US$2.52m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.46%, resulting in a market volume of US$2.58m 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$0.07 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 Morocco has been experiencing significant growth in recent years. Customer preferences for wound care products have shifted towards more advanced and innovative solutions. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences in the Wound Care (Pharmacies) market in Morocco have evolved to prioritize products that offer better wound healing and management. Customers are increasingly seeking out advanced wound care products that promote faster healing, reduce pain, and minimize scarring. This shift in preferences can be attributed to the growing awareness among consumers about the importance of proper wound care and the availability of a wider range of products in pharmacies. Trends in the market indicate a growing demand for wound care products that incorporate advanced technologies. For instance, there has been an increased adoption of wound dressings with antimicrobial properties, which help prevent infections and promote faster healing. Additionally, the market has witnessed a rise in the use of products that facilitate moist wound healing, as this approach has been proven to enhance the healing process. Local special circumstances in Morocco have also played a role in the development of the Wound Care (Pharmacies) market. The country has a high prevalence of chronic conditions such as diabetes, which can lead to an increased risk of developing chronic wounds. This has created a need for specialized wound care products that cater to the unique needs of patients with chronic wounds. Furthermore, the growing elderly population in Morocco has also contributed to the demand for wound care products, as older individuals are more susceptible to wounds and require specialized care. Underlying macroeconomic factors have also influenced the development of the Wound Care (Pharmacies) market in Morocco. The country's improving healthcare infrastructure and rising disposable income levels have made wound care products more accessible to a larger segment of the population. Additionally, the government's focus on improving healthcare services and increasing healthcare spending has further contributed to the growth of the market. In conclusion, the Wound Care (Pharmacies) market in Morocco has been experiencing growth due to evolving customer preferences, trends towards advanced wound care products, local special circumstances, and underlying macroeconomic factors. The market is expected to continue expanding as the demand for innovative wound care solutions increases and the healthcare infrastructure in the country continues to improve.

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.