by Market Overview:
Antiseptics are antimicrobial substances that are applied to living tissue/skin to reduce the possibility of infection, sepsis, or putrefaction. They help prevent infection in cuts, scrapes, and burns. Antiseptics can be used as antiseptic solutions, antiseptic liquids, or antiseptic cleansers and come in various forms like sprays, scrubs, and swabs. They help in preventing and treating wounds in an effective and timely manner.
Market key trends:
One of the key trends in the antiseptic market is the growing demand for advanced wound care products. Wound care requires proper management to prevent infection and support healing. With rising incidence of chronic wounds such as diabetic foot ulcers and pressure ulcers, demand for advanced wound care products such as antiseptics, wound cleansers, and dressing is increasing. Antiseptics are extensively used in advanced wound dressings to provide protection against infection. Furthermore, increasing adoption of single-use antiseptic products is another important trend witnessed in the market. Single-use antiseptic swabs and wipes offer benefits such as easier application and lower risk of contamination compared to bulk bottles and are thus highly preferred.
Segment Analysis
The global antiseptic market Demand is segmented by product type, end use, and geography. By product type, the market is bifurcated into antibiotics and non-antibiotic. The non-antibiotic segment held the largest market share in 2018 and is expected to remain dominant over the forecast period. Non-antibiotic antiseptics include alcohols, quaternary ammonium compounds, chlorhexidine, hydrogen peroxide, iodophors, and others. These products are preferred by consumers as they are effective and do not require a prescription.
Key Takeaways
The global antiseptic market is expected to witness high growth, exhibiting CAGR of 5.1% over the forecast period, due to increasing demand for antiseptics from hospitals and healthcare facilities to curb hospital-acquired infections.
By region, North America dominated the global antiseptic market in 2018 and is expected to remain dominant over the forecast period. This is attributed to rising prevalence of chronic and infectious diseases coupled with growing concerns regarding hygiene and infection control in hospitals and healthcare centers in the region.
Asia Pacific is expected to witness the fastest growth over the forecast period owing to increasing healthcare spending, large population prone to infections, and rising awareness regarding hygiene and infection control measures among consumers in emerging economies such as China and India.
Key players operating in the antiseptic market are 3M, STERIS Plc., Cardinal Health, Inc., Johnson & Johnson, Metrex Research, LLC, Procter & Gamble, Reckitt Benckiser Group Plc. Colgate-Palmolive Company, Kimberly-Clark Corporation, and Becton Dickinson and Company. These players are focusing on developing innovative and more effective antiseptic products to cater to the increasing demand and consolidate their position in the global market.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
