Antiseptic Market is Estimated To Witness High Growth Owing To Increasing Incidences of Healthcare-Associated Infections

Purvaja Jadhao

posted on 10 months ago — updated on 2 seconds ago

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The antiseptic market is estimated to be valued at US$ 5,888.3 million in 2030 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Antiseptic Market is Estimated To Witness High Growth Owing To Increasing Incidences of Healthcare-Associated Infections

Market Overview:
Antiseptics are antimicrobial substances that are applied to living tissue/skin to reduce the possibility of infection, sepsis, or putrefaction. They help in disinfecting cuts, wounds and skin infection and protecting them from germs. With increasing cases of hospital-acquired infections and pandemics, the need for effective antiseptics to prevent infections is growing significantly.

Market key trends:
One of the key trends driving the growth of The global antiseptic market Demand is increasing incidences of healthcare-associated infections. As per the Centers for Disease Control and Prevention (CDC), healthcare-associated infections affect over 2 million people annually in the U.S. alone and cause around 99,000 associated deaths. The risk of developing such infections is high in healthcare settings like hospitals due to high patient load, invasive procedures and increase in antibiotic-resistant ‘superbugs’. This has raised concerns regarding patient safety and increased demand for effective antiseptics from healthcare facilities to prevent the spread of infections. Their widespread adoption is expected to continue fueling the antiseptic market growth over the forecast period.

Key Takeaways

The global antiseptic market is estimated to be valued at US$ 5,867.1 million or Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Antiseptics are antimicrobial substances used on living tissue, skin, or mucous membranes to reduce the possibility of infection, sepsis, or putrefaction. They help prevent or treat infections and have applications in first aid for cuts and scrapes, preparation of the skin prior to injections or surgery, vaginal care, and wound care.

Market Dynamics:
Rising healthcare expenditure is expected to drive the global antiseptic market growth over the forecast period. According to data from the World Bank, global current health expenditure per capita increased from US$ 974.11 in 2007 to US$ 1,265.83 in 2017. Furthermore, increasing prevalence of healthcare-associated infections is also expected to fuel the market growth. As per the estimates of Centers for Disease Control and Prevention, around 1 in 31 hospital patients in the U.S. contracts at least one healthcare-associated infection. Proper use of antiseptics plays a vital role in preventing such infections. Growing awareness regarding healthcare-associated infections and their prevention is also anticipated to boost the antiseptic market growth during the forecast period.