Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Ireland

Ireland

Revenue in the Hand Sanitizer market is projected to reach US$1.72m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.36%, resulting in a market volume of US$2.04m by 2028.
In global comparison, most revenue will be generated in China (US$385.20m in 2024).
In relation to total population figures, per person revenues of US$0.34 are generated in 2024.

Key regions: Japan, Germany, Europe, Australia, France

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Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Ireland has experienced significant growth in recent years.

Customer preferences: Customers in Ireland have shown a growing preference for hand sanitizers purchased from pharmacies. This can be attributed to the trust and reliability associated with pharmacy products. Additionally, customers appreciate the convenience of being able to purchase hand sanitizers alongside other healthcare products in one location.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Ireland is the increasing demand for natural and organic hand sanitizers. Consumers are becoming more conscious of the ingredients used in personal care products and are opting for products that are free from harsh chemicals. This trend is in line with the global shift towards more sustainable and eco-friendly products. Another trend in the market is the rise of hand sanitizers with added moisturizing properties. With frequent use of hand sanitizers, customers are looking for products that not only kill germs but also prevent dryness and irritation. Hand sanitizers that offer moisturizing benefits have gained popularity among consumers in Ireland.

Local special circumstances: Ireland has a high population density, especially in urban areas. This has contributed to the increased awareness and importance of hygiene practices, including the use of hand sanitizers. The COVID-19 pandemic has further emphasized the need for good hygiene habits, leading to a surge in demand for hand sanitizers in the country.

Underlying macroeconomic factors: The growing economy in Ireland has led to an increase in disposable income among consumers. This has allowed them to prioritize their health and well-being, leading to a greater willingness to invest in personal care products such as hand sanitizers. Additionally, the government's focus on healthcare and hygiene has also played a role in driving the demand for hand sanitizers. In conclusion, the Hand Sanitizer (Pharmacies) market in Ireland has experienced growth due to customer preferences for pharmacy products, the increasing demand for natural and organic hand sanitizers, and the rise of moisturizing hand sanitizers. The high population density and the emphasis on hygiene practices have also contributed to the market's development. The growing economy and government initiatives in healthcare and hygiene have further supported the growth 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.