Hampers growth of Harmful Microorganisms to bring profitable opportunities for the Antiseptic market

The high prevalence and incidence of hospital-acquired infections have increased the awareness on hygiene among healthcare professional, whereas rising concerns over the spread of infectious diseases in residential, commercial (or industrial), and healthcare units have led to increasing preference for private clinics and hospitals among the populace. These factors are expected to drive growth of the antiseptic market in the near future.

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The growing number of surgical procedures is expected to fuel demand for antiseptic products, which will drive global antiseptic market growth over the next few years. In 2014, 17.2 million hospital visits (ambulatory or inpatient) in the United States involved invasive and therapeutic surgeries, according to the Healthcare Cost and Utilization Project (HCUP) survey. The majority of these visits (9.9 million) took place in ambulatory surgery (AS) settings, with the remaining 7.2 million including inpatient procedures.

Besides, increasing number of road accidents is expected to support the worldwide antiseptic market development over the forecast time period, as antiseptics are the principal line of treatment for accident related wounds. For example, as per Car Accident Statistics by the Centers for Disease Control and Prevention (CDC), in July 2019, around 6 million auto collisions happen in the U.S consistently.

According to a similar source, around 3 million individuals get harmed because of auto crashes each year, and around 2 million drivers experience perpetual wounds every year in the U.S. In addition, as per the Ministry of Road Transport and Highways (MRTH), Government of India, in 2017, around 147,000 deaths and 470,000 wounds were recorded in India because of road accidents.

Major players such as Becton Dickinson and Company are concentrating on obtaining regulatory approvals before launching new antiseptic products. For example, Becton, Dickinson and Company received FDA approval for BD ChloraPrep skin preparation with sterile solution in April 2019, making it the only completely sterile chlorhexidine gluconate (CHG) antiseptic skin preparation, for commercial use in the U.S.

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Major Market Competitors: 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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