Business for Sale Industry Economics
2005 - 2020
2020 - 2026
The Antiseptic Manufacturing industry has grown rapidly over the next five years due to increased demand from the industry’s three dominant markets: healthcare, the food sector, and household customers.
During this time, demand for antiseptics has increased in hospitals, physicians’ offices, and nursing homes as healthcare providers attend to an ageing US population with a growing need for medical treatment.
Furthermore, the COVID-19 (coronavirus) pandemic has only increased demand as it spreads rapidly.
Furthermore, rising jobs over the last five years has resulted in an increase in the number of people with employer-provided health care.
Furthermore, by expanding Medicaid access, the Patient Protection and Affordable Care Act has increased health insurance coverage throughout the country.
As a result of these advances, there has been an uptick in clinic visits and hospital providers, which has increased antiseptic revenues.
The Antiseptic Manufacturing industry creates a wide variety of drugs that are used to suppress and prevent the development of microorganisms on the skin, lowering the risk of infection.
Antiseptics are used in a number of environments and for a variety of purposes.
As a result, antiseptics manufactured by this industry are generally classified into three different groups depending on their intended use: consumer antiseptics, food handler (commercial) antiseptics, and healthcare antiseptics.
Increased demand from healthcare facilities and households is expected to sustain sales growth in the Antiseptic Manufacturing industry over the next five years, up to 2025.
Rising health-care costs in the United States would allow hospitals, private practitioners, and other medical centers to buy more industry drugs for their patients, increasing revenue for wholesalers and manufacturers who buy antiseptic products from this sector.
Furthermore, increased investment in the research and production of safer chemical agents that inhibit or delay the growth of microorganisms on the skin would boost the industry’s product offerings and encourage greater consumer awareness of antiseptics.
Ongoing regulatory battles between producers and the Food and Drug Administration (FDA) are likely to persist, but settlements in the near future may significantly boost revenue for market players whose drugs earn the most clearance.
Over the next five years, total market revenue is forecast to grow at a 2.3 percent annualized rate to $1.3 billion.
Antiseptic ampoules, pills, capsules, vials, ointments, powders, formulas, and suspensions are manufactured in this industry.