Global AntisepticMarket, by Application (Pre-surgical and Injectable Care, Skin and HygieneCare, Oral Care, and Nasal Care), by Product Type (Solutions, Swabs, Wipes and Sponges, and Others), by End-user(Hospitals and Clinics, AmbulatorySurgical Centers, Nursing Homes, Homecare Settings, and Others), and by Region(North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)was valued at US$ 4,448.9 million in2019 and is expected to exhibit a CAGR of 5.1% over the forecast period (2019-2027),as highlighted in a new report published by Coherent Market Insights.
Antiseptic products are mainlyused in operation theaters before and after the surgical procedure. Antisepticsare applied on the skin to kill infectious microorganisms, in order to reducerisk of surgical site infections. The rising number of surgical procedures islikely to drive demand for antiseptic products, which, in turn, is expected todrive growth of the global antiseptic market over the forecast period. Forinstance, according to the Healthcare Cost and Utilization Project (HCUP)report, in 2014, 17.2 million hospital visits (ambulatory or inpatient)included invasive and therapeutic surgeries in US. Over half of these visits(9.9 million visits), occurred in ambulatory surgery (AS) settings and theremaining 7.2 million were inpatient surgeries.
Furthermore, increasing number ofroad accidents is expected to favor the global antiseptic market growth overthe forecast period, as antiseptics are the first line of treatment foraccident related injuries.
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For instance, according to CarAccident Statistics by the Centers for Disease Control and Prevention (CDC), inJuly 2019, around 6 million car accidents occur in the U.S every year. As perthe same source, around 3 million people get seriously injured due to caraccidents every year, and around 2 million drivers experience permanentinjuries each year in the U.S. Moreover, according to the Ministry of RoadTransport and Highways (MRTH), Government of India, in 2017, around 147,000deaths and 470,000 injuries were recorded in India due to road accidents.
Browse 35 Market Data Tables and35 Figures spread through 181 Pages and in-depth TOC on "Global AntisepticMarket, by Application (Pre-surgical and Injectable Care, Skin and HygieneCare, Oral Care, and Nasal Care), by Product Type (Solutions, Swabs, Wipes and Sponges, and Others), by End-user(Hospitals and Clinics, Ambulatory Surgical Centers, Nursing Homes, HomecareSettings, and Others), and by Region (North America, Latin America, Europe,Asia Pacific, Middle East, and Africa) - Global Forecast to 2027."
Major players such as BectonDickinson and Company are focused on receiving product approvals fromregulatory bodies to launch new products in the antiseptic market. Forinstance, in April 2019, Becton, Dickinson and Company received the U.S. Foodand Drug Administration (FDA) approval for BD ChloraPrep skin preparation withsterile solution, the only fully sterile chlorhexidine gluconate (CHG)antiseptic skin preparation, for commercial use in the U.S.
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Key Takeaways of the GlobalAntiseptic Market:
The global antiseptic marketexpected to exhibit a CAGR of 5.1% over the forecast period (2019–2027) owingto rising number of surgical procedures and increasing number of accidentrelated injuries
Among application type, thepre-surgical and injectable care segment is expected to account for a majorrevenue share by 2027, owing to increasing prevalence of surgical siteinfections in the U.S. For instance,according to the Centers for Disease Control and Prevention (CDC) report,around 157,500 cases of surgical site infections (SSI) occurred in the U.S. in2018
Major players operating in theglobal antiseptic market include 3M, STERIS Plc., Cardinal Health, Inc.,Johnson & Johnson, Metrex Research, LLC, Procter & Gamble, ReckittBenckiser Group Plc., Colgate-Palmolive Company, Kimberly-Clark Corporation,and Becton Dickinson and Company.
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