Wound Care (Pharmacies) - Zimbabwe

Revenue in the Wound Care market is projected to reach US$185.60k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.02%, resulting in a market volume of US$185.80k 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$0.01 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.
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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 Zimbabwe is experiencing steady growth due to increasing customer preferences for advanced wound care products, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in Zimbabwe are increasingly seeking advanced wound care products that offer faster healing and better infection control. They are willing to invest in high-quality wound care products to ensure effective treatment and prevent complications. This preference for advanced wound care products is driven by growing awareness about the importance of proper wound care and the availability of a wider range of products in the market.

Trends in the market: One of the key trends in the Wound Care (Pharmacies) market in Zimbabwe is the increasing adoption of advanced wound dressings. These dressings provide better moisture management, promote faster healing, and reduce the risk of infection. Customers are shifting away from traditional wound dressings towards these more advanced options. Additionally, there is a growing demand for wound care products that are easy to use and require minimal maintenance.

Local special circumstances: Zimbabwe has a high prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers. This has created a significant demand for wound care products in the country. The healthcare system in Zimbabwe is also focusing on improving wound care services, which has further contributed to the growth of the market. Moreover, the presence of a large number of pharmacies across the country makes wound care products easily accessible to the population.

Underlying macroeconomic factors: Zimbabwe is experiencing economic growth, which has led to an increase in disposable income among the population. This has resulted in higher healthcare spending, including the purchase of wound care products. The government's efforts to improve healthcare infrastructure and services have also played a role in driving the growth of the Wound Care (Pharmacies) market in Zimbabwe. Additionally, the country's aging population and the rising incidence of chronic diseases have further fueled the demand for wound care products. In conclusion, the Wound Care (Pharmacies) market in Zimbabwe is developing due to increasing customer preferences for advanced wound care products, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for high-quality wound care products, the adoption of advanced wound dressings, the prevalence of chronic wounds, and the economic growth of the country are all contributing to the growth of the market.

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.