Global Wound Antiseptics Market Thrives on Growing Aging Population and Escalating Diabetes Prevalence
Global Wound Antiseptics Market Thrives on Growing Aging Population and Escalating Diabetes Prevalence
Wound infections remain a significant challenge in chronic wound management, often leading to delayed healing. While virtually all wounds harbor some level of bacteria and pathogens, not all are infected. The use of antimicrobial agents, particularly antiseptics, has gained popularity due to their effectiveness and lower resistance rates. Key antiseptic agents such as iodine, polyhexanide, and silver-based solutions are driving the growth of the wound antiseptics market. The increasing incidence of wounds, particularly among the emerging-market middle-class population, is fueling the demand for these products.
Advanced wound antiseptic products, known for reduced wound surface contamination and faster healing, are expected to further expand the global wound antiseptics market.
Collaborations and Research Advancements Boost Market Performance
Leading manufacturers are actively engaging in collaborations and research and development efforts to boost the performance of wound antiseptics. The aging population, which often experiences wounds due to various chronic conditions such as diabetes and limited regenerative abilities, is a significant factor driving market growth. According to the United Nations Database on World Population Ageing 2020, the global geriatric population is set to increase from 727 million in 2020 to 1.5 billion by 2050, amplifying the need for wound antiseptics.
Rising Diabetes Prevalence Drives Market Expansion
Diabetes, attributed to factors like obesity, age, ethnicity, lifestyle, and urbanization, increases the risk of developing sores and ulcers. Slow healing and circulation issues further compound the problem, necessitating wound antiseptics. The global diabetic population is projected to reach 643 million by 2030 and 783 million by 2045. This continual increase in the number of diabetic patients will accelerate the growth of the wound antiseptics market.
Hydrogen Peroxide Dominates Market with Healthcare Demand
Hydrogen peroxide, known for releasing oxygen and facilitating wound cleaning while protecting against infection, is expected to lead the market. Its use in healthcare, especially in hospitals for infection control, is a significant driver of demand. It is also commonly used in mouth rinses due to its soothing properties.
North America Leads Due to Chronic Wound Prevalence
North America takes the lead in the global wound antiseptics market, with increasing surgical procedures contributing to its growth. Preoperative skin preparation is a vital step in surgical procedures, driving the demand for wound antiseptics. In the United States, the burden of chronic wounds is growing, with diabetes affecting 37.3 million Americans. This trend boosts the demand for wound antiseptics, particularly for diabetic foot ulcers.
Asia Pacific Market Gains Momentum
The Asia Pacific wound antiseptics market is on an upward trajectory, primarily due to increased healthcare spending by both public and private sectors. China plays a significant role in the regions market, with a growing aging population and a rising number of people seeking wound care.
Notable Industry Developments
In December 2021, Essity acquired Hydrofera, a company specializing in advanced wound care technology and products, as part of its expansion strategy in Medical Solutions. In May 2021, BD introduced the BD SurgiphorTM Sterile Wound Irrigation System, the first ready-to-use aqueous povidone-iodine (PVP-I) irrigation solution that mechanically removes wound debris.
Key Players
Prominent 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, Schulke & Mayr GmbH, and PSK Pharma Pvt. Ltd.
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