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Thursday, 27 July 2023

Skin Antiseptic Products Market Size Worth $8.2 Billion By 2030

 

Skin Antiseptic Products Market Growth & Trends

The global skin antiseptic products market size is expected to reach USD 8.2 billion by 2030, registering a CAGR of 6.9%, from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising incidences of Hospital-Acquired Infections (HAIs) and increasing usage of surgical units and endoscope reprocesses are the key driving factors for the market. Infections caused by bacteria, viruses, and other microorganisms are becoming increasingly common. This has led to an increase in the use of skin antiseptic products for preventing infections and promoting wound healing. The rising number of surgeries being performed is also expected to drive the market during the forecast period.

The demand for alcohol antiseptics for pre-injection and pre-operative skin preparations is increasing significantly. In addition, alcohol antiseptics are being used as a base along with various formulations, such as iodine and chlorhexidine. Exceptional properties of alcohol-based antiseptics for surgical purposes are driving the market. Growing awareness regarding the benefits of skin antiseptic products and increasing R&D funding are creating opportunities for market entrants. Moreover, various programs and informational advertisements conducted by manufacturers and promoters in several countries have boosted awareness about the importance of using antiseptic products for the skin.

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Skin Antiseptic Products Market Report

Skin Antiseptic Products Market Report Highlights

  • Octenidine is anticipated to be the fastest-growing formulation segment during the forecast period. Octenidine is an internal substitute for chlorhexidine and iodine.
  • The injection segment led the market in 2022 owing to a rise in the incidence of spinal injuries and the usage of skin antiseptic products for pre-injection skin preparation.
  • The wipes segment is expected to witness the fastest growth during the forecast period, as wipes are easy to use and possess a lesser risk of contamination.
  • North America led the global market in 2022 and is anticipated to maintain its position throughout the forecast years, owing to a rise in the number of surgeries being performed and the presence of key companies in the region.