Market Insights Health OTC Pharmaceuticals

Hand Sanitizer - Canada

Canada

In 2024, the revenue in the Hand Sanitizer market market in Canada amounts to €51.71m.
It is projected to grow annually by 3.79% (CAGR 2024-2029).
When compared globally, the in the United States generates the highest revenue in this market, reaching €596.80m in 2024.
In relation to the total population figures, per person revenues of €1.32 are generated in Canada in 2024.
The demand for hand sanitizers in Canada has surged due to increased awareness about hygiene and the ongoing COVID-19 pandemic.

Key regions: Australia, Germany, United States, China, Japan

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Hand Sanitizer market in Canada has experienced significant growth in recent years, driven by changing customer preferences and global trends. Customer preferences for hand sanitizers have shifted towards products that are convenient, effective, and safe to use. With increased awareness about the importance of hand hygiene, consumers are seeking products that offer protection against germs and bacteria. As a result, there has been a growing demand for hand sanitizers that contain ingredients such as alcohol or other antimicrobial agents. Additionally, customers are also looking for portable and travel-friendly options, such as pocket-sized hand sanitizers or wipes, to use on-the-go.Trends in the market indicate that hand sanitizers are becoming a staple in households, workplaces, and public spaces. The COVID-19 pandemic has further accelerated this trend, with individuals and businesses prioritizing hand hygiene to prevent the spread of the virus. As a result, there has been a surge in demand for hand sanitizers in Canada, leading to increased production and availability of these products in the market.Local special circumstances, such as colder weather conditions in certain regions of Canada, also contribute to the demand for hand sanitizers. During the winter months, when the risk of cold and flu is higher, individuals tend to use hand sanitizers more frequently to protect themselves from germs. This seasonal variation in demand creates opportunities for manufacturers and retailers to cater to the specific needs of Canadian consumers.Underlying macroeconomic factors, such as population growth and urbanization, play a significant role in the development of the hand sanitizer market in Canada. As the population continues to grow, the demand for hand sanitizers is expected to increase. Moreover, the urbanization trend in Canada has led to a higher concentration of people in cities, where the risk of disease transmission is higher. This, in turn, drives the demand for hand sanitizers as individuals seek to protect themselves in densely populated areas.In conclusion, the Hand Sanitizer market in Canada is experiencing significant growth due to changing customer preferences, global trends, local special circumstances, and underlying macroeconomic factors. The demand for convenient, effective, and safe hand sanitizers has increased, especially in light of the COVID-19 pandemic. With the population growth and urbanization trend in Canada, the market is expected to continue expanding in the coming years.

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.