Skin Antiseptic Market Forecast and CAGR
According to the latest research by Fact.MR, the skin antiseptic market is set to witness rapid growth during the forecast period (2021-2031). Demand for skin antiseptic witnessed rapid recovery in the short term, with an optimistic growth outlook in the long run. High demand for skin antiseptic expects to offer lucrative opportunities in near future, however, sales of skin antiseptic to treat the prevalence of infection will drive the market growth.
What are the factors likely to drive the Skin Antiseptic Demand?
Due to the potential for contamination with pathogenic organisms and the increased likelihood of selecting potential and effective treatment for resistant organisms has surged demand for skin antiseptics that expects to drive the skin antiseptic market growth in coming years.
Sales of solution-based skin antiseptics are expected to offer lucrative opportunities for the European skin antiseptic market. The growing prevalence of Surgical Site Infections (SSIs) and Healthcare-associated infections (HAIs) and the easy availability of various antiseptic solutions accounted for the highest revenue-generating category. Growing R&D and focus on efficacy improvement and growing applications of antiseptic solutions are expected to propel the segment further in the pre-operation and pre-injection procedures.
In addition based on the surgeries applications, the adoption of skin antiseptics is growing in the healthcare sector. Especially to reduce the risk of infection.
Chlorhexidine gluconate ingredient is Likely to Influence the Skin Antiseptic Sales
Chlorhexidine gluconate have been the dominating the global skin antiseptic market. According to a study published in Massachusetts Medical Society, concluded that chlorhexidine–alcohol has superior clinical efficacy and is more effective than povidine iodine-containing solutions in reducing the bacterial concentration in the operative field for vaginal hysterectomy.
US and Canada Skin Antiseptic Market Outlook
US is one of the largest markets for skin antiseptic globally. The US skin antiseptic market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031.
Demand for skin antiseptic in US and Canada will be led by negatively affecting the market growth by the increase with the rate of surgeries being performed. Pre-operative skin assessment is the initial step planned by the surgeon before the surgeries. Injection by application segment expects to project a steady growth in coming years. According to Consumer Healthcare Products estimation in US the OTC sales would reached between 36 and 37 billion U.S. dollars by 2020.
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Europe Demand Outlook for Skin Antiseptic
Many countries in EU have severely been impacted by the COVID-19 crisis, which has led to a drop in economic activities. However, as is the case in US and Canada, pharmaceutical spending in EU continues to drive skin antiseptic demand.
In Europe, uncertainties in the wake of Brexit persist, especially concerning potential supply-chain disruptions, depending on how well the second phase of exit negotiations turns out. The UK pharmaceutical sector receives about 70% of imports from Europe. According to OECD data, around four out of every five euros are spent on retail pharmaceuticals goes on prescription medicines, while the rest on OTC medicines. The share of OTC medicines is particularly high in European countries such as Poland, accounting for half of the pharmaceutical spending, and stands for around 30% or more in Spain (36%), Cyprus (30%) and Latvia (31%) in 2018.
Who are the Key Manufacturers and Suppliers of Skin Antiseptic?
Some of the leading manufacturers and suppliers of skin antiseptic market include
- 3M Company
- Johnson & Johnson Services, Inc.
- Reckitt Benckiser
- B. Braun Melsungen AG
- Purdue Pharma L.P.
- Schülke & Mayr GmbH
- PSK Pharma Pvt. Ltd.
- Sirmaxo Chemicals Pvt. Ltd.
- Avrio Health L.P.,
Growth strategies adopted by the leading pharmaceutical companies have influenced the market. The growing contribution by the key players as well as the governments to educate and spread awareness of antiseptic skin products are likely to boost the growth of the antiseptic skin industry substantially.
An Adaptive Approach to Modern-day Research Needs
Skin Antiseptic Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Interested to Procure The Data
By Ingredient Type
- Isopropyl alcohol 70%
- Ethyl alcohol 70%
- Chlorhexidine and other diguanide
- Chlorhexidine acetate
- Chlorhexidine gluconate
- Quaternary ammonium compound
- Benzalkonium chloride
- Methylbenzethonium chloride
- Benzethonium chloride
- Cetalkonium chloride
- Cetylpyridinium chloride
- Halogenated phenol derivative
- Antibacterial dye
- Proflavine hemisulphate
- Brilliant green
- Gentian violet
- Crystal violet
- Peroxide and permanganate
- Potassium permanganate solution
- Hydrogen peroxide solution
- Benzoyl peroxide
- Quinolone derivative
- Hydroxyquinoline sulphate
- Potassium hydroxyquinoline sulphate
- Dequalinium chloride
- Burow's solution (aqueous solution of aluminium acetate)
- Bleach baths
- Swab Sticks
By Distribution Channel
- Supermarket/ Hypermarket
- Drug Stores
- Retail Pharmacies
- North America
- Latin America
- Rest of Latin America
- Rest of Latin America
- East Asia
- South Korea
- South Asia
- Rest of South Asia
- New Zealand
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of Middle East
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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