An antiseptic is a chemical agent that destroys or inhibits microorganisms on living tissue such as oral cavities, skin, and open wound. A few antiseptics are capable of destroying microorganisms and are termed as bactericidal (hydrogen peroxide, mercurochrome). Only a few of these are capable of preventing or inhibiting the growth of microorganisms and are termed as bacteriostatic (alcohol, phenol). Primary application areas of antibiotics include hospitals, clinics, laboratories, and households. Examples of antiseptic liquid include alcohol, phenol, quaternary ammonium compound, brilliant green, hydrogen peroxide, iodine solution, polyhexanide, and sodium bicarbonate. Hand sanitizers are liquid antiseptics widely used to keep hands clean and avoid illnesses such as flu. Using hand sanitizers before eating and before working on a patient or an open wound can significantly reduce the chances of contamination for the patient. First aid antiseptics help relieve pain and prevent infection in cases of minor cuts, scrapes, and burns. Common active ingredients in antiseptic products are benzethonium chloride, benzalkonium chloride, lidocaine hydrochloride, benzocaine, and ethyl alcohol.
The global antiseptic first aid liquids market is growing rapidly driven by increase in number of surgeries performed for various diseases and disorders. Growth of the market in terms of revenue is attributed to outbreak of infectious diseases such as swine flu. Such incidences have increased public awareness about the potential dangers of such infections. Rise in public awareness also boosts market growth primarily in the developed countries. Furthermore, rise in the number of hospitals, health care centers, and advanced health care facilities are likely to propel the global antiseptic first aid liquids market. Also, an increase in awareness and knowledge regarding precautions to be taken to prevent from flu, bacterial and other viral infections have driven the growth of this market. However, saturated market and stringent regulations in the developed economies are likely to restrain the antiseptic first aid liquids market.
Various chemical compounds are used as antiseptic first aid liquids. Hence, these are categorized based on chemical composition. The global antiseptics first aid liquids market can be segmented based on chemical compound and end-user. In terms of chemical compound, the market can be categorized into alcohols and aldehydes, amides and biguanides, quaternary ammonium compounds, phenol and its derivatives, iodine compounds, and others. The alcohol and aldehyde derived segment is projected to account for the largest market share, followed by the amide and biguanide segment. Examples of antiseptic first aid active ingredients are camphorated phenol, benzethonium chloride, iodine, chloroxylenol, and povidone-iodine. In terms of end-user, the market can be segmented into hospitals and household.
Geographically, the global antiseptic first aid liquids market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America and Europe dominate the global market due to increased awareness among people. Asia Pacific and MEA hold the third and fourth positions in the global antiseptic first aid liquids market due to lack of awareness in some remote areas in the developing and underdeveloped nations.
Key players in the global antiseptic first aid liquids market include Ayuroma International Pte. Limited, Schulke & Mayr UK Ltd., Pascal International, Inc., Zhermack SpA, Dynarex Corporation, Dexcel Pharma GmbH, Reckitt Benckiser, Huckert International, and Sirmaxo Chemicals Private Limited.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.