Antiseptic wipes market size crossed $3.7 billion in 2019 | Market Forecast 2025 |Arizton
The antiseptic wipes market by revenue is expected to grow at a CAGR of over 18% during the period 2019–2025. The following factors are likely to contribute to the growth of the antiseptic wipes market during the forecast period:
• Growing Awareness for Antiseptic Products
• Increasing Healthcare Expenditure
• Consumer Interest in Consumer Eco-friendly Products
• Increasing Prevalence of Diseases
Key Highlights Offered in Arizton's Global Antiseptic Wipes Market Report:
• Antiseptic wipes would realize an absolute growth of 175% - a leap of over $6.5 billion revenue between 2019 and 2025.
• High demand from hospitals owing to the rising number of hospitals acquired infections will push the growth of the healthcare segment which is likely to contribute over $2.7 billion incremental revenue between 2019 and 2025.
• Registering a high growth CAGR of over 18% between 2019-2025, the global market for alcohol-based antiseptic wipes accounted for majority share in 2019.
• Synthetic antiseptic wipes are the expected to record the highest sale with the market value of $6.58 billion in 2025. However, natural antiseptic wipes are witnessing rising demand with growing awareness about eco-friendly products.
• The outbreak of pandemic COVID-19 has deeply impacted the distribution network for global market for antiseptic wipes and there has been rising growth in online channel. However, the retail shops continue to dominate the market with about 93% share of distribution network in 2019.
The Report Offers Following Insights:
• Market Size & Forecast by Revenue | 2019−2025
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by fabric, formulation, application, end-user, and geography
• Competitive Landscape – Profile of 6 key vendors and 22 other vendors
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