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Wound Antiseptics Market

Market Study on Wound Antiseptics: Sprays to Account for Over One-fourth Market Share

Wound Antiseptics Market Segmented By PHMB, Povidone Iodine, Hydrogen Peroxide Type in Sprays, Solutions, Foams, Wipes, Gel Form for Antiseptics for Acute Wounds, Antiseptics for Chronic Wounds, Wound Antiseptics for Burns

Wound Antiseptics Market Outlook (2022-2032)

Revenue from the global wound antiseptics market reached US$ 544.7 Mn in 2021. With the market projected to expand at a steady 3.5% CAGR, industry valuation is set to reach US$ 794.4 Mn by the end of 2032.

Sales of wound antiseptic products accounted for nearly 30.7% of the global wound cleansers market in 2021.

Attribute Key Insights

Wound Antiseptics Market Size (2021)

US$ 544.7 Mn

Projected Market Value (2032)

US$ 794.4 Mn

Global Market Growth Rate (2022-2032)

3.5% CAGR

Top 5 Countries by Share

53.4%

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Sales Analysis of Wound Antiseptics from 2017 to 2021 Vs Market Outlook for 2022 to 2032

The treatment of wounds, mainly chronic wounds, is a big challenge for physicians. It is projected that chronic wounds are a problem in more than 1.5% of the population across the globe. In wound management, complete local treatment is very essential, which includes the use of wound antiseptics.

Growing incidence of wounds will lead to increased penetration and adoption of wound antiseptics among the middle-class population in emerging countries. To boost their revenue growth, leading manufacturers of wound antiseptics are focusing on geographical expansion in emerging economies such as India and China.

  • For instance, a major player in these regions, Reckitt Benckiser Group plc. applied the strategy of increasing its penetration of Dettol products by collaborating with various distributors and online sales channels, thus allowing it to retain its high position in the market and upsurge the sales of wound antiseptics.

Increase in the geriatric population worldwide and subsequent rising incidence of diabetes and obesity are directly linked to the rising occurrence of chronic wounds. Traditional methods of wound care and wound cleansing require an extended healing period as well as more regular changes to the dressing, and thus cause trauma in some patients.

Advanced wound antiseptic products come with less contamination to the wound surface and require less time for healing. These advantages of wound antiseptics are expected to supplement market growth going forward.

Leading manufacturers are actively engaging in inorganic activities such as collaborations to increase research and development activities, which are anticipated to boost demand growth of wound antiseptics over the forecast period.

  • For instance, in November 2021, ConvaTec extended the wound care agreement for 3 years with Vizient Inc. to provide high-quality advanced wound care products and services in the U.S.

The global wound antiseptics market expanded at 3.1% CAGR over the past 5 years, and is expected to expand even faster over the next ten years at a CAGR of 3.5% and offer an absolute $ opportunity of US$ 21 Mn.

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How Should Wound Antiseptic Manufacturers Strategize Going Forward?

“Shift to Advanced Wound Care Treatment Options”

The incorporation of consistent procedures for wound management in medical institutions results in shorter hospital stays and decreases the rate of chronic wound infections.

Thus, extended approval of treatment protocols among medical professionals as well as the patient pool with chronic wounds has given escalation to the shift in wound care treatment from traditional wound management methods to advanced wound care treatments that are supported by clinical as well as economic data.

“Focus on Developing Market – Latin America & Asia Pacific”

Compared to developed markets, Latin America and Asia Pacific are unexploited markets for wound antiseptics and have enormous growth potential. Due to this, several key players are focusing on strengthening their market presence in these regions.

Furthermore, huge patient pool and growing elder population in developing regions offer significant growth opportunities for manufacturers of wound antiseptics.

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Why are Sales of Wound Antiseptics Being Adversely Affected?

“High Cost of Advanced Wound Antiseptics and Increasing Product Recalls”

The treatment cost for chronic wounds is high if the per-unit cost is considered for advanced wound antiseptics. Physicians and patients want to opt for cost-effective advanced wound management products.

Although there are many bio-engineered dressings available, physicians and patients, especially in developing regions, tend to opt for traditional and basic wound care products due to their low costs. Apart from this, growing number of product recalls owing to component inconsistency, product failure, and packaging problems may hinder the growth of the wound antiseptics market to some extent.

“Lack of Awareness about Wound Care Management in Developing Regions”

Chronic wounds such as diabetic foot ulcers, leg ulcers and pressure ulcers can become severe due to late diagnosis, which can also lead to amputations. Incidence of delayed diagnosis is significantly more in developing countries such as Brazil, India, and China as compared to developed countries.

This is due to lack of awareness among people regarding hard-to-heal wounds, limited access to well-developed healthcare facilities, and lack of established guidelines and action plans by government organizations.

For example, a report published in the journal of foot and ankle surgery states that, in the Asia Pacific region, specifically in India, most patients are delayed by more than one month up to one year in the diagnosis of foot ulcers, including diabetic and neuropathic ulcers.

Thus, delayed diagnosis of advanced and chronic wounds limits the adoption of wound antiseptic products in emerging countries.

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Country-wise Insights

Why is the U.S. a Huge Market for Wound Antiseptics?

The U.S. wound antiseptics market dominated the North American region with a market share of 86.7% in 2021, and is expected to continue its high-growth trajectory going forward.

The burden of chronic wounds is growing rapidly in the U.S.; approximately 4.5 million people are affected in the U.S. due to increasing ageing population and a sharp rise in diabetes and obesity. With rising prevalence of chronic wounds such as diabetic foot ulcers, there is high demand growth of wound antiseptics.

Due to the availability of reimbursements by Medicaid and Medicare Services, demand for wound antiseptic solutions has witnessed a surge, popularized by the pay-for-scale model.

Will the U.K. Be a Lucrative Market for Wound Antiseptic Providers in Europe?

The U.K. dominated the Europe wound antiseptics market with a share of 21% in the year 2021.

Leading wound antiseptic product manufacturers in the U.K. are focusing on the development of innovative wound management products by increasing their ability to maintain moisture balance and prolonged oxygen permeability and antimicrobial activity, which will be responsible for the robust growth of the market in the country over the next ten years.

How Will Market Players Benefit from the Emerging China Wound Antiseptics Market?

China held 50.3% share in East Asia wound antiseptics market in 2021, which is projected to increase further over the decade.

Injury is the fifth-leading cause of death in China, though an increasingly growing elderly population, mainly susceptible to wounds, means a growing proportion of Chinese people going for wound management.

Many more suffer from chronic, non-healing wounds owing to difficulties from diabetes, cardiovascular disease, and obesity, which are expected to increase intensely, and thus, demand for wound antiseptic solutions will increase over the coming years.

Category-wise Insights

Which Wound Antiseptic Product is Driving High Market Growth?

By product type, the hydrogen peroxide segment is set to expand at a CAGR of 1.8% through the forecast period.

Increasing adoption of hydrogen peroxide on account of stringent infection-control policies implemented by hospitals is anticipated to drive demand for hydrogen peroxide-based wound antiseptics.

Furthermore, surging demand for hydrogen peroxide as a strong wound antiseptic to sterilize surgical wounds is expected to enable high growth in developed countries.

Which Type of Wound Care Accounts for Significant Market Share?

Acute wounds accounted for a revenue share of 50.8% in 2021, with the segment projected to hold on to this high market share through 2032.

Key factors that are expected to increase demand for acute wound care are increase in the geriatric population, rising prevalence of diabetes, surge in investments in wound care research, growing R&D activities in acute wound care products, and increasing wound care awareness programs.

Competitive Landscape

Key manufacturers of wound antiseptics are mainly focusing on advancing wound management treatment by improving drug discovery, disease diagnostics, and the delivery of advanced wound care products, to gain market traction.

For example-

  • In May 2021, BD launched the industry's first ready-to-use iodine-based surgical irrigation system (BD Surgiphor).

Moreover, leading manufacturers such as B. Braun, ConvaTec Group, Coloplast and 3M Company are constantly launching new wound antiseptic products and are also involved in collaborations to enhance the manufacturing process of wound cleansers.

Wound Antiseptics Industry Report Scope

Attribute Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Australia and New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Product Type
  • Form
  • Wound Type
  • End User
  • Region

Key Companies Profiled

  • 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
  • PSK Pharma Pvt. Ltd.

Pricing

Available upon Request

Key Segments Covered in Wound Antiseptics Industry Research

Wound Antiseptics Market by Product Type:

  • PHMB
  • Povidone Iodine
  • Hydrogen Peroxide

Wound Antiseptics Market by Form:

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

Wound Antiseptics Market by Wound Type:

  • Antiseptics for Acute Wounds
    • Surgical Wounds
    • Traumatic Wounds
  • Antiseptics for Chronic Wounds
    • Vascular Ulcers
    • Diabetic Ulcers
    • Pressure Ulcers
    • Surgical Ulcers
    • Traumatic Ulcers
  • Wound Antiseptics for Burns

Wound Antiseptics Market by End User:

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

 Wound Antiseptics Market by Region:

  • North America Wound Antiseptics Market
  • Latin America Wound Antiseptics Market
  • Europe Wound Antiseptics Market
  • East Asia Wound Antiseptics Market
  • South Asia Wound Antiseptics Market
  • Oceania Wound Antiseptics Market
  • The Middle East and Africa (MEA) Wound Antiseptics Market

- Companies Covered in This Report -

  • Smith and Nephew
  • Johnson & Johnson Consumer Inc.
  • Reckitt Benckiser Group plc.
  • Angelini Pharma Inc.
  • 3M Company
  • Becton Dickenson & Company
  • Johnson & Johnson Services, Inc.
  • B. Braun Melsungen AG
  • Purdue Pharma L.P.
  • Ecolab
  • Schülke & Mayr GmbH
  • PSK Pharma Pvt. Ltd.

- Frequently Asked Questions -

The global wound antiseptics market is worth US$ 565.1 Mn and is set to expand 1.4X over the next ten years.

Consumption of wound antiseptics is expected to reach US$ 794.4 Mn by the end of 2032.

From 2017 to 2021, wound antiseptics market growth was recorded at 3.1% CAGR.

Increase in advanced wound care product adoption and acceptance of innovative treatment protocols by healthcare professionals are key trends in this marketplace.

The U.S., India, China, U.K., and Germany drive highest demand for wound antiseptic products.

The U.S. accounted for 86.7% of the North American market share in 2021.

Demand for wound antiseptics in Europe is expected to register a CAGR of 3.3% over the next ten years.

The U.S., India, and China are major suppliers of wound antiseptic products.

The China wound antiseptics market held a share of 50.3% in East Asia in 2021, while Japan held 41.4% market share.

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