Antiseptic Market, by application (pre-surgical and injectable care, Skin and Hygiene care, oral care and nasal care), product type (solutions, swabs, wipes and sponges and others), end user (hospitals and clinics, ambulatory surgical centers, nursing homes, homecare settings, and others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Antiseptic market size was estimated at USD 53.34 billion in 2023 and is projected to reach USD 76.06 billion in 2030 at a CAGR of 5.20% during the forecast period 2023-2030.
An antiseptic is a substance that kills harmful microorganisms or prevents their growth. They are used in hospitals and other medical facilities to reduce the risk of infection during operations and other medical procedures. Antiseptic products are used on the skin of living organisms and are also called skin disinfectants. Antiseptics have several advantages due to their antimicrobial properties. Most antiseptics are over-the-counter products that are readily available for home and hospital use. Government initiatives to reduce healthcare-associated infections (HAIs) through increased awareness of household and personal hygiene are expected to create growth opportunities for market players.
The antiseptic market is expected to grow during the forecast period due to the increasing use of pre- and post-operative antiseptic products, as antiseptic products control healthcare acquired infections (HAIs) and surgical site infections (SSIs). For example, according to a report by the National Center for Disease Control (CDC), the most common HAIs in India were urinary tract infections, surgical site infections, hospital-acquired pneumonia, hospital-acquired blood infections, and others. Moreover, according to the same source, the prevalence of hospital-associated urinary tract infections in India is approximately 35-45% per year.
The COVID-19 pandemic and the general increase in hospitalizations worldwide has increased the demand for antiseptic supplies. To meet growing global demand due to the COVID-19 epidemic, such as long-used cleaning, deodorizing and disinfection in high-traffic spaces such as office buildings, hotels, schools, nursing homes and hospitals, the WHO called on industry and governments to scale up. production of antiseptics and disinfectants. For example, according to the German Statistical Office, the demand for disinfectants increased in 2020 after the coronavirus pandemic, for example, Germany produced 80% more hygiene products in January-September 2020 than in the same period last year.
The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. The application of antiseptic solutions is an essential requirement to maintain home cleanliness. Such solutions prevent growth of harmful bacteria and viruses, reducing the chance of acquiring these diseases. Hence, increase in awareness about home cleanliness is anticipated to propel the market over the forecast period. The growing geriatric population is also prone to many infections due to weak immune systems in the aging population. These factors have led to the expansion of the market and increased demand for Antiseptic solutions.
North America to Dominate the Market