Wound Antiseptics Market

Wound Antiseptics Market Growth Upbeat with Expanding Ageing Population, and Rising Prevalence of Diabetes

Wound infection is a leading cause of delayed wound healing in chronic wounds. In general, almost all wounds are colonised by bacteria and pathogens to some extent. However, the presence of bacteria in the wound bed does not necessarily imply wound infection. Antimicrobial agents have historically been used to reduce the bacterial burden in chronic wounds. Due to the lower resistance rates associated with antiseptics, they have emerged as a popular antimicrobial wound care. Sustained demand for the most popular antiseptic agents such as iodine, polyhexanide, and silver-based agents is expected to primarily drive the growth of wound antiseptics market. Increasing wound incidence will lead to increased penetration and use of wound antiseptics among emerging-market middle-class populations. Advanced wound antiseptic products are less contaminated on the wound surface and take less time to heal. These benefits are projected to enhance the expansion of global wound antiseptics market.

Leading manufacturers actively engage in inorganic activities such as collaborations to expand R&D efforts, which are expected to boost the performance of wound antiseptics market over the forecast period. In the ageing population, not all wounds are caused by an injury. However, other chronic conditions such as diabetes, and immobility, as well as people's limited regeneration abilities in their senior years, increase the likelihood of wounds occurring. Although the elderly can cure most wounds, their healing process is delayed, and all stages of wound healing are impaired, which lengthens the overall duration of wound treatment, driving the growth of wound antiseptics market. According to the United Nations Database on World Population Ageing 2020, the global geriatric population will expand from 727 million in 2020 to 1.5 billion by 2050. As a result of the growing ageing population, the prevalence of injury due to any factor would rise, driving the expansion of wound antiseptics market.

The primary cause of the rising diabetes prevalence are the factors such as obesity, age, ethnicity, lifestyle, socioeconomic level, education, and urbanisation. Diabetes increases the chances of developing sores, and ulcers. Ulcers are open sores on your skin that do not heal properly. Uncontrolled diabetes can also impact circulation, causing blood to move more slowly, making it more difficult for the body to transfer nutrients to wounds. As a result, the injuries may heal slowly or not at all, thus driving the growth of the market. Diabetes will affect approximately 537 million persons aged 20 to 79 in 2021. The global diabetic population is estimated to reach 643 million by 2030 and 783 million by 2045. The continual increase in the number of diabetic patients will propel the use of wound antiseptics in the coming years, accelerating the growth of wound antiseptics market.

Hydrogen Peroxide Will Dominate Market due to Increase in Demand Form Healthcare Sector

The hydrogen peroxide market is expected to increase over the projected period. The hydrogen peroxide primarily releases oxygen, which causes foaming on the bruised and cut skin and finally leads to adequate clearance of dead skin while protecting the wound from infection. The rising use of hydrogen peroxide due to hospitals' stringent infection-control policies is expected to stimulate demand for hydrogen peroxide-based wound antiseptics. Rising demand for the product from the healthcare industry due to its antiseptic capabilities is expected to continue to drive wound antiseptics market expansion. The product is in high demand in the healthcare industry as an antiseptic, typically used on skin cuts and bruises to prevent infections. It is also commonly used as a mouth rinse since it can ease mouth irritation, mucous, and other oral conditions.

North America Will Acquire Major Share due to Increase in Prevalence of Chronic Wounds.

North America will lead the global market for wound antiseptic products in the forecast period and is likely to continue to do so during the forecast period. One of the primary drivers driving the market growth is the increasing number of surgeries in this region. Preoperative skin preparation is an important step that surgeons take before performing surgical procedures. As a result, the demand for wound antiseptic products is expected to expand with the increasing frequency of surgical procedures. The wound antiseptics market in the United States will dominate the North American area in the forecast period and will likely maintain its strong growth trajectory in the future. The burden of chronic wounds is quickly increasing in the United States; roughly 4.5 million people are impacted due to an ageing population and an increase in diabetes and obesity. Diabetes affects 37.3 million Americans, or almost one in every ten. Therefore, wound antiseptics are in increasing demand because of the rising occurrence of chronic wounds such as diabetic foot ulcers.

During the forecast period, the Asia Pacific wound antiseptic products market is predicted to increase. Increasing healthcare spending by the public and private sectors is one of the market's primary driving forces. Such a scenario is projected to inspire several central and local businesses to enter the industry, resulting in growth. China will own a significant share of the Asian wound antiseptics market in the forecast period, and this market is expected to rise further over the next decade. Injury is the fifth-leading cause of mortality in China, but with an ageing population that is especially vulnerable to wounds, a growing number of Chinese people seek wound care. Many more people suffer from chronic, non-healing wounds as a result of diabetes, cardiovascular disease, and obesity; in China, more than one in every seven people meets the threshold for overall obesity, and one in every three meets the criteria for abdominal obesity, thus increasing demand for wound antiseptic solutions.

Global Wound Antiseptics Market: Competitive Landscape

In December 2021, Essity, a hygiene and wellness company, purchased Hydrofera. The company provides sophisticated wound care technology and products. The transaction contributes to Essity's strategic goal of expanding through acquisitions in Medical Solutions. In May 2021, BD (Becton, Dickinson, and Company), a global medical technology leader, announced the availability of the BD SurgiphorTM Sterile Wound Irrigation System, the first and only ready-to-use aqueous povidone-iodine (PVP-I) irrigation solution that loosens and eliminates wound debris mechanically.

A few of the players in the wound antiseptics market include Smith and Nephew, Johnson & Johnson Consumer Inc., Reckitt Benckiser Group plc., Angelini Pharma Inc., 3M Company, BD, Johnson & Johnson Services, Inc., B. Braun Melsungen AG, Purdue Pharma L.P., Ecolab, Schülke & Mayr GmbH, and PSK Pharma Pvt. Ltd.

Global Wound Antiseptics Market is Segmented as Below:

By Product Type

• PHMB
• Povidone Iodine
• Hydrogen Peroxide

By Form

• Wound Antiseptic Sprays
• Wound Antiseptic Solutions
• Wound Antiseptic Foams
• Wound Antiseptic Wipes
• Wound Antiseptic Gels

By Wound Type

• Antiseptics for Acute Wounds
• Antiseptics for Chronic Wounds
• Wound Antiseptics for Burns

By End-User

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Long-term Care Centers
• Home Care Settings

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Rest of Europe
• Asia Pacific
  • Japan
  • South Korea
  • India
  • China
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

Key Elements Included In The Study: Global Wound Antiseptics Market

• Wound Antiseptics Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2019 - 2022
• Market Value at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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