Wound Care (Pharmacies) - Mozambique

  • Mozambique
  • Revenue in the Wound Care market is projected to reach US$165.50k in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.88%, resulting in a market volume of US$172.90k 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$0.00 are generated in 2024.

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

 
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Analyst Opinion

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

Customer preferences:
Customers in Mozambique are increasingly seeking out wound care products from pharmacies. This preference can be attributed to the convenience and accessibility of pharmacies, as they are often located in urban areas and offer a wide range of healthcare products. Additionally, pharmacies in Mozambique are known for providing personalized and knowledgeable advice to customers, which is highly valued when it comes to wound care.

Trends in the market:
One major trend in the Wound Care (Pharmacies) market in Mozambique is the increasing demand for advanced wound care products. As the healthcare infrastructure in Mozambique continues to develop, there is a growing awareness among healthcare professionals and patients about the benefits of using advanced wound care products. These products, such as hydrogels and foam dressings, offer superior wound healing properties and are becoming more readily available in pharmacies. Another trend in the market is the rising prevalence of chronic diseases, such as diabetes and hypertension, which often lead to non-healing wounds. This has created a greater need for wound care products and services in Mozambique. Pharmacies are playing a crucial role in meeting this demand by providing a wide range of wound care products, including dressings, ointments, and bandages.

Local special circumstances:
Mozambique, like many other countries in Sub-Saharan Africa, faces unique challenges in healthcare delivery. Limited access to healthcare facilities, especially in rural areas, means that pharmacies often serve as the primary point of care for many individuals. This has led to an increased reliance on pharmacies for wound care products and services. Additionally, the high prevalence of infectious diseases, such as malaria and HIV/AIDS, in Mozambique has contributed to the demand for wound care products. These diseases can weaken the immune system and increase the risk of developing wounds that require specialized care. Pharmacies are well-positioned to provide the necessary products to manage and treat these wounds.

Underlying macroeconomic factors:
The growing economy of Mozambique has contributed to the development of the healthcare sector, including the Wound Care (Pharmacies) market. As the country experiences economic growth, there is an increase in disposable income, which allows individuals to spend more on healthcare products and services. This has led to a higher demand for wound care products in pharmacies. Furthermore, the government of Mozambique has made efforts to improve healthcare infrastructure and access to healthcare services. This has resulted in an expansion of the pharmacy sector, with more pharmacies opening across the country. The increased availability of pharmacies has made wound care products more accessible to the general population. In conclusion, the Wound Care (Pharmacies) market in Mozambique is growing due to customer preferences for accessible and convenient healthcare options, as well as the increasing demand for advanced wound care products. The unique local circumstances, such as limited access to healthcare facilities and the high prevalence of infectious diseases, further contribute to the reliance on pharmacies for wound care. The underlying macroeconomic factors, including the growing economy and government efforts to improve healthcare infrastructure, have also played a significant role in the development of the market.

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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