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Global Skin Antiseptic Products Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value
Skin Antiseptic Products Global Market Report 2024
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According to The Business Research Company's, The skin antiseptic products market size has grown strongly in recent years. It will grow from $5.22 billion in 2023 to $5.71 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to rising surgical procedures, healthcare-associated infections (HAIS), the growing aging population, the rising prevalence of chronic diseases, and healthcare infrastructure development.
The skin antiseptic products market size is expected to see strong growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to the rising incidence of infectious diseases, expanding healthcare services, rising personal hygiene awareness, growing demand for home healthcare, and regulatory support. Major trends in the forecast period include the development in smart antiseptic dispensers, the adoption of sustainable formulations, advancement in nano-technology, the growing trend towards wearable antiseptic devices, and the development in antimicrobial resistance solutions.
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Market Drivers and Trends:
The rising number of surgeries is expected to propel the growth of the skin antiseptic products market going forward. Surgery is a medical process that involves the manual manipulation, removal, or repair of tissues or organs using incisions or other techniques. It is often performed to diagnose, treat, or enhance a patient's health. The development of laparoscopic and robotic surgery has made surgeries less invasive, reducing recovery times and encouraging more people to opt for surgical treatment. Skin antiseptic products simplify and enhance preoperative surgery by controlling infection risks, adhering to hygiene protocols, and ensuring patient safety during medical procedures. For instance, in March 2023, according to the British Association of Aesthetic Plastic Surgeons, a UK-based surgical organization, 31,057 cosmetic surgeries took place in 2022 in the UK, marking a notable 102% increase from the previous year. Therefore, the rising number of surgeries drives the skin antiseptic product market.
Major companies operating in the skin antiseptic products market are developing patient preoperative skin preparation solutions to enhance infection control measures and improve patient outcomes during surgical procedures. Patient preoperative skin preparations are antiseptic products that clean and disinfect the skin before surgery by killing or inhibiting the growth of bacteria, viruses, and fungi. For instance, in April 2023, 3M Health Care Company, a US-based manufacturer and distributor of healthcare solutions and products, launched the 3M SoluPrep S Sterile Antiseptic Solution. This antiseptic solution combines chlorhexidine gluconate (2% w/v) and isopropyl alcohol (70% v/v) for presurgical skin preparation. It delivers fast-acting, broad-spectrum antimicrobial activity with demonstrated persistence for at least 96 hours post-prep. The solution features a Brite Green tint for improved visibility on various skin tones, ensuring comprehensive coverage. It also boasts an efficient applicator that provides greater coverage with minimal drip and includes an ingredient to enhance incise-drape adherence.
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Major Key Players of the Market:
Cardinal Health Inc., Johnson And Johnson Services Inc., Kimberly-Clark Corporation, Becton Dickinson And Company, Stryker Corporation, EcoLab Inc., Medline Industries LP., B.Braun Melsungen AG, 3M Health Care Ltd., Cintas Corporation, Smith And Nephew Plc, Coloplast A/S, Convatec Group plc, Mölnlycke Health Care AB, Gojo Industries Inc., Schülke And Mayr GmbH, Purell, Dukal LLC, PDI International, Cleanwell, Medique, GOXNOR
Skin Antiseptic Products Market 2024 Key Insights:
• The skin antiseptic products market size is expected to see strong growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
• Increasing Surgical Procedures Drive Growth In The Skin Antiseptic Products Market
• Advanced Skin Antiseptic Solutions Enhancing Infection Control
• North America was the largest region in the skin antiseptic products market in 2023
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