The global skin antiseptic products market size was valued at USD 218.7 million in 2020 and is anticipated to expand at a CAGR of 6.8% during the forecast period, 2021-2028. The growth of the market is attributed to the rising product demand to meet the increasing occurrences of hospital acquired infections that happen because of lack in precaution and sanitation along with the increasing usage of endoscope reprocesses and surgical units.
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Antiseptics are specific chemical agents used in the application of skin and other external parts of the body in order to reduce the bacterial count and thereby reducing the risk of infections which can be contagious. Every skin antiseptic has their own specific chemical formulae researched by the scientists of their biological firms. Most of these skin antiseptics are unique to one another depending on the region, customer base, and environment (country laws)..
Market Trends, Drivers, Restraints, and Opportunities
- Increase in spending and investing by the companies towards skin antiseptic products is the primary reason for the projection of boosting the market growth during the forecast period, 2021-2028.
- Rapid growth of the biopharmaceutical companies and thereby that industry can become a major factor in the boosting of the global skin antiseptic products market during the forecast period.
- High prices for the development of skin antiseptic products and high cost of services from the company’s perspective is anticipated to hinder the global skin antiseptic products market growth.
Global Skin Antiseptic Products Market Segment Insights
Alcohol segment is projected to represent a large market share
Based on formulations, the global skin antiseptic products market is divided into alcohols, chlorhexidine, iodine, octenidine, and others. The alcohol segment is expected to constitute the major share of the market in 2019. The major reason attributing to this market growth is the rising use of alcohol formulations for pre-operative and pre-injection skin operations. There is also an increased demand for alcohol as it easily available, the chemical formulae are simple, and can be used for other formulation combinations including chlorhexidine and iodine.
Solutions segment is estimated to register a huge market share
On the basis of types, the global skin antiseptic products market is divided into solutions, swab sticks, and wipes. The solutions segment is expected to constitute the major share of the market in 2019 owing to the increasing occurrences of SSIs & hospital acquired infections and the ease of availability for solutions. There is also an increase in awareness and growing new applications for antiseptic solutions, be it in pre-injection or pre-operation skin preparation.
Injection segment is anticipated to register a huge market share
Based on the applications, the global skin antiseptic products market is bifurcated into surgeries and injections. The surgeries and injections are further divided into spinal, joints, and others. The injection segment is expected to constitute the major share of the market in 2019 and is anticipated to grow with a significant CAGR during the forecast period, 2021-2028.
Compititive Landscape
Major players competing in the global skin antiseptic products market are 3M; EcoLab; BD; Sage Products LLC; B.Braun Melsungen AG; Johnson & Johnson; and Schulke & Mayer GmbH. These market players are involved in several business strategies such as mergers, acquisitions partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. Schulke & Mayer GmbH initiated a distribution agreement in February 2019 with DKSH, which is one of the leading market service providers in China. As per this agreement, DKSH will be distributing Schulke & Mayer GmbH products throughout China.
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In this report, According to the report, the global antiseptic and disinfectant market accounted for USD 5.55 billion in 2015 and is expected to reach USD 8.10 by 2021, growing at a CAGR of around 6.7% between 2016 and 2021.Disinfectants are chemical substances that are used to kill the pathogenic microorganism in or on the surface of objects.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-antiseptic-products-market-research-report-2020/request-sample On the basis of type, the global market for antiseptics and disinfectants is bifurcated into six types: alcohols and aldehydes, phenols and derivatives, bigunaides and amides, quaternary ammonium compounds, iodine compounds and others.
Alcohols and aldehydes had the largest share of the market, worth USD 1.5 billion in 2011 at a CAGR of 7.9%.
This growth is mainly attributed due to the presence of a large number of hospitals coupled with an increase in the number of medical professionals across the globe.
Asia Pacific is expected to be the fastest regional segment for the natural antiseptics market within the forecast period due to the wide spread of Ayurveda in this region.
The growing number of medical sector coupled along with literacy rate mainly in China, India, Indonesia, and Thailand is driving the antiseptic and disinfectant market in this region.
Antiseptic and Disinfectant Products market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Antiseptic and Disinfectant Products market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Antiseptic and Disinfectant Products market is segmented into:DisinfectantsAntisepticDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60213/global-japan-antiseptic-disinfectant-s-2026-762Segment by Application, the Antiseptic and Disinfectant Products market is segmented into:HealthcareCommercialDomesticRegional and Country-level Analysis:The Antiseptic and Disinfectant Products market is analysed and market size information is provided by regions (countries).The key regions covered in the Antiseptic and Disinfectant Products market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Antiseptic and Disinfectant Products Market Share Analysis:Antiseptic and Disinfectant Products market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
