Skin Antiseptic Market Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2030

Posted by sneha j on July 22nd, 2022

Skin antiseptic impedes the growth of microorganisms on the skin. These are more regularly used to lessen the risk of infection during surgery and other procedures, hand washing, and skin treatment, to decrease the risk of infections in burns, wounds, and minor cuts, in hospitals & other medical settings. Numerous skin antiseptic products with different active ingredients are being used; some of them are approved, and some are under strict examination due to safety concerns. To keep people and non-living things free of germs, the infection control method is a crucial part.

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COVID-19 Impact analysis

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome corona virus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the skin antiseptic market.

Top Impacting Factors

• Rise in predominance of Hospital Acquired Infections (HAIs), increased utilization of endoscope reprocesses and surgical units, rise in consciousness of disinfection and cleanliness measures, and increase in usage of formulation for pre-operative skin preparation and pre-injection, are factors that drive the growth of the skin antiseptic market
• In addition, initiatives taken by government and manufacturers in R&D activities, rise in healthcare expenditure; collaborations & partnerships between key players to facilitate development; are some factors, which boost the market growth for skin antiseptic.
• However, lack of awareness about sanitation and precaution in less developed regions, contamination of non-sterile skin antiseptic products are projected to lead to undesirable effects on the skin.
• In addition, side effects such as redness, swelling, and rashes caused due to some active ingredients in the skin antiseptic products, and unavailability of approved drugs may hinder the skin antiseptic market growth.

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