In a recently published report by Research Nester titled “Skin Antiseptic Products Market : Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the Skin antiseptic products market in terms of market segmentation by type, by formulations, by application and by region.
Skin antiseptic products market segmented by type into swab sticks, wipes, solutions; by formulations into alcohols, chlorhexidine; by application into surgeries, injections. The skin antiseptic products market is anticipated to record a CAGR of around 7.4% over the forecast period i.e. 2019-2027.
The high prevalence and incidence rates of hospital acquired diseases, increased focus on hygiene, and rising concerns over the spread of infectious diseases in both residential and commercial/industrial spaces/healthcare units, have led to a rise in patient flow to private clinics and hospitals. Growing rate of geriatric population and the pervasiveness of diseases such as cardiovascular, diabetes, cancer, dementia, and osteoporosis is anticipated to increase the number of hospitalizations and trigger the growth of the antiseptic bathing market.
Rising Government Efforts
Government efforts to reduce the cases of Health Care Associated Infections (HAIs) and to create awareness regarding home and personal hygiene are projected to create growth opportunities for the market. Rising awareness, especially across the emerging economies, such as Asia Pacific, Middle East and Africa, and Latin America is projected to further propel the market growth in the upcoming years.
However, alternatives of antiseptics, amount, fragrance, recommendation of World Health Organization are expected to operate as a key restraint to the growth of Skin antiseptic products market over the forecast period.
North America region is panned to observe substantial growth in the skin antiseptic products market on the back of high per capita health care expenditure. Furthermore, increasing prevalence of various skin infections due to rise in germs and availability of advanced health care facilities have resulted in people spending more on health care thereby, increasing the demand for new product launches and technological advancements. Such factors are anticipated to drive the skin antiseptic products market over the forecast period.
North America market is expected to be followed by Asia Pacific market due to increase in population and rising healthcare budget and various micro germs cleaning practices of major economies like China and India. With rising investment in upgrading to latest technologies for better product development supported by the rise in medical tourism in this area, the demand for skin antiseptic products is expected to increase at a high rate.
Middle East & Africa market is expected to hold a moderate share in the skin antiseptic products market over the forecast period due to gradual increase in the usage of different antiseptic products especially in the GCC countries. Various organizations are expected to drive the market over the forecast period such as Sirmaxo Chemical Pvt. Ltd. Numerous government and private organizations are working toward developing tissue banks to address the increasing demand for tissue transplant and related procedures in the region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the Skin antiseptic products market which includes company profiling of Johnson and Johnsons 3M, EcoLab, BD, Sage Products LLC, B.Braun Melsungen AG, Johnson & Johnson, Schulke & Mayr GmbH, Reckitt Benckiser; STERIS plc; Kimberly-Clark Corporation; Bio-Cide International Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Skin antiseptic products market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.