Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Nordics

Nordics

In the Nordics, the revenue in the Hand Sanitizer market market is projected to reach US$21.03m in 2024.
This market is expected to experience an annual growth rate of 3.29% (CAGR 2024-2029).
When compared to other countries worldwide, the in the United States generates the highest revenue, with US$643.50m in 2024.
Considering the population figures, the per person revenue in the Nordics amounts to US$0.75 in 2024.
In the Nordics, the demand for hand sanitizers has surged due to the region's strong emphasis on cleanliness and hygiene.

Key regions: Germany, Europe, United States, Brazil, India

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Analyst Opinion

The Hand Sanitizer market in Nordics has experienced significant growth in recent years, driven by changing customer preferences and increasing awareness of the importance of hand hygiene. Customer preferences in the Nordics have shifted towards products that promote cleanliness and personal hygiene. The region's population has become more health-conscious, leading to a higher demand for hand sanitizers. Additionally, the convenience of using hand sanitizers has contributed to their popularity among consumers. The Nordics have a fast-paced lifestyle, and hand sanitizers offer a quick and efficient way to clean hands on the go.Trends in the market show that hand sanitizers are not only being used for personal hygiene but also in various industries such as healthcare, hospitality, and food service. The healthcare sector, in particular, has witnessed a surge in demand for hand sanitizers due to the COVID-19 pandemic. Hospitals, clinics, and other healthcare facilities require a constant supply of hand sanitizers to maintain a clean and safe environment for both patients and healthcare professionals.Local special circumstances in the Nordics have also contributed to the growth of the hand sanitizer market. The region experiences long and harsh winters, which often result in the spread of cold and flu viruses. As a result, there is a higher demand for hand sanitizers during the winter months when the risk of getting sick is higher. Additionally, the Nordics have a well-developed healthcare system and a high level of public awareness about the importance of hand hygiene, which further drives the demand for hand sanitizers.Underlying macroeconomic factors, such as the increasing disposable income and changing consumer behavior, have played a role in the growth of the hand sanitizer market in the Nordics. As the region's economy has been relatively stable, consumers have more purchasing power to spend on personal care products, including hand sanitizers. Moreover, the COVID-19 pandemic has heightened public awareness of the importance of hand hygiene, leading to an increased demand for hand sanitizers.In conclusion, the Hand Sanitizer market in Nordics has experienced significant growth due to changing customer preferences, increasing awareness of hand hygiene, and the impact of the COVID-19 pandemic. The convenience and effectiveness of hand sanitizers, coupled with local special circumstances and underlying macroeconomic factors, have contributed to the market's development in the region.

Methodology

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. 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 particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.