Antiseptics are chemical agents that are applied to living tissue/skin to reduce the possibility of infection, sepsis, or putrefaction. Antiseptics help prevent the growth and spreading of disease-causing microorganisms such as bacteria, viruses, and fungi. Products such as handwashes, wound cleaning solutions, surgical scrubs, skin preps, and instrument disinfectants are widely used antiseptics. Rising incidences of hospital-acquired infections such as surgical-site infections, catheter-related bloodstream infections, and ventilator-associated pneumonia have boosted the demand for antiseptics. Also, the increasing awareness about hygiene and personal wellness is fueling the adoption of antiseptic products among consumers for skin disinfection before and after medical procedures.
The global antiseptic market is estimated to be valued at US$ 32.21 Bn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the major drivers for the antiseptic market is the rising healthcare awareness. With consumers becoming more conscious about hygiene and well-being, the demand for antiseptic products is increasing significantly. Proper hand hygiene and surface disinfection have become integral practices across various end-users including hospitals, diagnostic labs, and households. Furthermore, growing geriatric population who are more susceptible to infections is also propelling the antiseptic market growth. The increasing prevalence of chronic and lifestyle diseases is further accentuating the need for antiseptic products to avoid complications of infections post-surgeries or medical procedures. Additionally, favorable governmental initiatives to curb hospital-acquired infections will continue boosting market expansion over the forecast period.
Segment Analysis
The antiseptic market is dominated by the skin antiseptics segment which holds around 45% share of the overall market. Skin antiseptics are extensively used before and after minor surgeries to prevent infections on wounds and cuts. With rising awareness about hygiene and increasing demand for disinfectants from households and commercial spaces like hospitals, the skin antiseptics segment is expected to remain the dominant segment during the forecast period.
PEST Analysis
Political: Government regulations regarding the use of antiseptics play a key role in the market growth. Recent changes in regulations related to ingredient content can impact certain product launches.
Economic: The antiseptic market is affected by economic growth and healthcare spending. Recovering global economy is improving the purchasing power of consumers and healthcare expenditure.
Social: Changing lifestyles and rising health consciousness among consumers is driving the demand for antiseptics. High risk of infections and importance given to hygiene will support market growth.
Technological: Advancements in formulation technologies help manufacturers develop antiseptics that are more effective and cause lesser skin irritation. Novel delivery methods like sprays and wipes are gaining traction.
Key Takeaways
The Global Antiseptic Market Size is expected to witness high growth over the forecast period due to increasing incidences ofHospital Acquired Infections (HAIs)and prevalence of chronic diseasesrequiring surgical procedures. The global antiseptic market is estimated to be valued at US$ 32.21 Bn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030.
Regional analysis – North America dominates the antiseptic market currently due to stringent regulations and recommendations by healthcare agencies regarding infection control. Asia Pacific is expected to witness fastest growth owing to rising medical tourism, improving access to healthcare and increasing incidence of infectious diseases.
Key players – Key players operating in the antiseptic market are Henkel AG & Co. KGaA, Chemtronics, Electrolube, Dow Corning Corporation, 3M Company, Dymax Corporation, KYZEN Corporation, Master Bond Inc., Techspray, Chase Corporation, ACC Silicones Ltd., LORD Corporation, Shin-Etsu Chemical Co., Ltd., Avery Dennison Corporation, MG Chemicals.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile