Wound Care (Pharmacies) - Romania

  • Romania
  • Revenue in the Wound Care market is projected to reach US$12.90m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.06%, resulting in a market volume of US$13.60m 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$0.66 are generated in 2024.

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

 
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Analyst Opinion

The Wound Care (Pharmacies) market in Romania is experiencing steady growth due to increasing customer preferences for advanced wound care products and the rising prevalence of chronic wounds. Customer preferences in the Wound Care (Pharmacies) market in Romania 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 moisture management and promote a moist wound healing environment. Additionally, there is a growing demand for wound care products that are easy to use and require minimal maintenance, such as adhesive dressings and self-adherent wraps. These customer preferences are driving the development and availability of a wide range of advanced wound care products in the Romanian market. The market is also influenced by global trends in wound care, such as the increasing adoption of wound care products for the treatment of chronic wounds. Chronic wounds, including diabetic foot ulcers, venous leg ulcers, and pressure ulcers, are becoming more prevalent in Romania due to aging population and the rising incidence of diabetes. These chronic wounds require specialized wound care products that can effectively manage wound exudate, promote healing, and prevent infection. As a result, there is a growing demand for advanced wound care products specifically designed for the treatment of chronic wounds. In addition to customer preferences, there are local special circumstances that contribute to the development of the Wound Care (Pharmacies) market in Romania. The Romanian healthcare system is undergoing reforms to improve access to healthcare services and enhance the quality of care. These reforms include the decentralization of healthcare services, the development of primary healthcare centers, and the promotion of preventive care. As a result, there is an increased focus on wound care management and the availability of wound care products in pharmacies to support the provision of care at the community level. Underlying macroeconomic factors also play a role in the development of the Wound Care (Pharmacies) market in Romania. The country's economic growth and increasing disposable income levels have contributed to higher healthcare spending, including spending on wound care products. Furthermore, the increasing prevalence of chronic diseases, such as diabetes, is driving the demand for wound care products in the country. These macroeconomic factors create a favorable environment for the growth of the Wound Care (Pharmacies) market in Romania. Overall, the Wound Care (Pharmacies) market in Romania is developing due to customer preferences for advanced wound care products, the rising prevalence of chronic wounds, local special circumstances in the healthcare system, and underlying macroeconomic factors. As the market continues to evolve, there is a growing focus on innovation and the development of new wound care products that can meet the changing needs of customers in Romania.

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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