Market Insights Health Pharmacies OTC Products

Wound Care (Pharmacies) - Suriname

Suriname

Revenue in the Wound Care market is projected to reach US$58.45k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.16%, resulting in a market volume of US$57.99k 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$0.09 are generated in 2024.

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

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Analyst Opinion

The Wound Care (Pharmacies) market in Suriname has been experiencing steady growth in recent years. Customer preferences in the Wound Care (Pharmacies) market in Suriname are driven by the increasing prevalence of chronic wounds and the growing aging population. As the population ages, the demand for wound care products and services is expected to rise. Customers in Suriname prefer products that are effective in promoting wound healing and minimizing the risk of infection. They also value products that are convenient to use and provide long-lasting relief. Trends in the Wound Care (Pharmacies) market in Suriname include the adoption of advanced wound care technologies and the introduction of innovative products. Advanced wound care technologies, such as negative pressure wound therapy and bioactive dressings, are gaining popularity in Suriname as they offer faster healing and improved patient outcomes. In addition, there is a growing trend towards the use of natural and organic wound care products, as customers become more conscious about the potential side effects of synthetic ingredients. Local special circumstances in Suriname, such as limited healthcare infrastructure and access to healthcare services in remote areas, have contributed to the growth of the Wound Care (Pharmacies) market. Pharmacies play a crucial role in providing access to wound care products and services to customers in Suriname, especially in rural areas where healthcare facilities are scarce. Pharmacies also offer personalized advice and support to customers, helping them choose the most appropriate wound care products for their needs. Underlying macroeconomic factors, such as the increasing healthcare expenditure and the growing awareness about wound care management, have also contributed to the development of the Wound Care (Pharmacies) market in Suriname. The government of Suriname has been investing in healthcare infrastructure and promoting healthcare services in order to improve the overall health outcomes of the population. This has led to an increased demand for wound care products and services, driving the growth of the market. In conclusion, the Wound Care (Pharmacies) market in Suriname is developing due to customer preferences for effective and convenient wound care products, the adoption of advanced wound care technologies, local special circumstances such as limited healthcare infrastructure, and underlying macroeconomic factors such as increasing healthcare expenditure. As the market continues to grow, there will be opportunities for companies to innovate and meet the evolving needs of customers in Suriname.

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.