Antiseptic Market Size Overview | US$ 6,614.6 Million ROI by Top 10 Players By 2027, Owing To increasing Number of Surgical Procedures
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According to Global Antiseptics Market Report, by Application (Pre-surgical and Injectable Care, Skin and Hygiene Care, 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, Homecare Settings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), published by Coherent Market Insights, the global antiseptics market was valued at US$ 4,448.9 million in 2018 and is expected to exhibit a CAGR of 5.1% over the forecast period (2019-2027).
Antiseptics are antimicrobial substances that are applied to living tissue/skin to reduce the possibility of infection, sepsis, or putrefaction during or after a surgical procedure.
Increasing number of surgical procedures is expected to propel growth of the global antiseptics market over the forecast period. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia.
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Moreover, increasing number of road accidents is also expected to aid in growth of the global antiseptic market. For instance, according to the Centers for Disease Control and Prevention (CDC), in July 2019, around 6 million car accidents occur annually in the U.S. Moreover, around 3 million people get seriously injured due to car accidents every year and around 2 million drivers experience permanent injuries each year in the U.S.
Among applications, the pre-surgical and injectable care segment is expected to account for a major revenue share by 2027, owing to increasing prevalence of surgical site infections in the U.S. For instance, according to the Centers for Disease Control and Prevention (CDC), around 157,500 cases of surgical site infections (SSI) were occurred in the U.S. in 2018.
The market in Asia Pacific is driven by increasing number of road accidents. For instance, according to the Ministry of Road Transport and Highways (MRTH), Government of India, in 2017, around 147,000 deaths and 470,000 injuries were recorded in India due to road accidents.
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Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in April 2019, Becton, Dickinson and Company received the U.S. Food and Drug Administration (FDA) approval for BD ChloraPrep skin preparation with sterile solution, the only fully sterile chlorhexidine gluconate (CHG) antiseptic skin preparation, for commercial use in the U.S.
Key Takeaways:
- The global antiseptic market expected to exhibit a CAGR of 5.1% over the forecast period (2019–2027)
- Increasing number of road accidents to augment growth of the global antiseptic market
- Major players operating in the global antiseptic market include 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.
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