Market Insights Health Pharmacies OTC Products

Hand Sanitizer (Pharmacies) - Luxembourg

Luxembourg

Revenue in the Hand Sanitizer market is projected to reach US$1.99m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.57%, resulting in a market volume of US$2.29m 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$3.00 are generated in 2024.

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

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Currency

Analyst Opinion

The Hand Sanitizer (Pharmacies) market in Luxembourg has been experiencing significant growth in recent years.

Customer preferences: Customers in Luxembourg have shown a strong preference for hand sanitizers that are effective against a wide range of germs and bacteria. They value products that are convenient to use and have a pleasant fragrance. Additionally, customers are increasingly looking for hand sanitizers that are gentle on the skin and do not cause dryness or irritation.

Trends in the market: One of the key trends in the Hand Sanitizer (Pharmacies) market in Luxembourg is the increasing demand for natural and organic hand sanitizers. Customers are becoming more conscious of the ingredients used in personal care products and are opting for products that are free from harsh chemicals and artificial fragrances. This trend is in line with the global shift towards natural and organic products. Another trend in the market is the growing popularity of hand sanitizers with moisturizing properties. With frequent use of hand sanitizers, customers are concerned about the drying effects on their skin. As a result, there is a rising demand for hand sanitizers that not only kill germs but also keep the skin hydrated.

Local special circumstances: Luxembourg is a small country with a high population density. This means that there is a higher risk of the spread of infectious diseases. As a result, there is a greater emphasis on personal hygiene and the use of hand sanitizers. The government and healthcare authorities in Luxembourg have also been promoting the use of hand sanitizers as a preventive measure against the transmission of diseases.

Underlying macroeconomic factors: The Hand Sanitizer (Pharmacies) market in Luxembourg is also influenced by macroeconomic factors. The country has a high standard of living and a well-developed healthcare system, which means that customers have the purchasing power to buy hand sanitizers. Additionally, the tourism industry in Luxembourg is growing, with an increasing number of visitors from around the world. This has led to a higher demand for hand sanitizers in hotels, restaurants, and other public places. In conclusion, the Hand Sanitizer (Pharmacies) market in Luxembourg is experiencing growth due to customer preferences for effective and convenient products, the trend towards natural and moisturizing hand sanitizers, the local emphasis on hygiene, and the country's high standard of living and tourism industry.

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.