Chlorhexidine Gluconate (CHG) Wipes Market Segmentation by Application (Lens Cleansers, Surgical Site Infection, Catheter-Associated Urinary Tract Infections, Central Line-Associated Bloodstream infection, and Others); by Product Type (Alcohol Based Wipes and Bath Wipes); and by Distribution Channel (Online, and Offline)-Global Demand Analysis & Opportunity Outlook 2031
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Product Code:
RP-ID-10085145 -
Published Date:
27 Oct 2022 -
Region:
Global
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Category:
Chemicals -
Publisher:
Pub-ID-54
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Chlorhexidine Gluconate (CHG) Wipes Market Highlights Over 2022- 2031
The global chlorhexidine gluconate (CHG) wipes market is estimated to grow at a ~4% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 42.0 billion in 2021. The growth of the market can be attributed to the rise in the number of surgical procedures and an increase in the aged population. Moreover, surgical site infection rates range is found from 2.5 percent to 41.9 percent worldwide. In addition, there has been a surge in surgical site infections and post-operative infections that is anticipated to drive the growth of the global chlorhexidine gluconate (CHG) wipes market.
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The global chlorhexidine gluconate (CHG) wipes market is segmented by distribution channel into offline and online. Out of which, the offline segment is anticipated to hold the largest share over the forecast period in the global chlorhexidine gluconate (CHG) wipes market. This can be attributed to the surge in infections after surgery in hospitals. Moreover, there has been a rise in the number of patients in hospitals and clinics that prefer to buy offline owing to their convenience.
Global Chlorhexidine Gluconate (CHG) Wipes Market Regional Synopsis
Regionally, the global chlorhexidine gluconate (CHG) wipes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. On the strength of increase in the investment on healthcare, and rise in the surgical procedures. The market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of an increase in the population and a rise in aged population having higher chances of chronic illness. As per the World Bank, the percentage of the population aged 65 and above has increased from 3 percent in 1960 to 7 % in 2020. Moreover, there has been a surge in healthcare investment that is expected to increase the growth of the chlorhexidine gluconate (CHG) wipes market in the Asia Pacific region.
Market Segmentation
Our in-depth analysis of the global chlorhexidine gluconate (CHG) wipes market includes the following segments:
By Application
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Lens Cleansers
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Surgical Site Infection
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Catheter-Associated Urinary Tract Infections
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Central Line-Associated Bloodstream infection
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Others
By Product Type
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Alcohol Based Wipes
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Bath Wipes
By Distribution Channel
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Online
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Offline
Growth Drivers and Challenges Impacting the Growth of the Global Chlorhexidine Gluconate (CHG) Wipes Market
Growth Drivers
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Rise in the number of surgical procedures
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Increase in the aged population
Challenges
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Harmful effects of CHG wipes
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Lack of knowledge related to CHG wipes among the population
Key Companies Dominating the Global Chlorhexidine Gluconate (CHG) Wipes Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global chlorhexidine gluconate (CHG) wipes market that are included in our report are Reynard Health Supplies, The Clorox Company., Ecolab, Becton, Dickinson and Company, GAMA Healthcare Ltd., 3M, Sage Products LLC, Convatec Inc., Cardinal Health., PDI, Inc., and others.
Latest Developments in the Global Chlorhexidine Gluconate (CHG) Wipes Market:
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17 May 2017: GAMA Healthcare Ltd, acquired the Clinell division of their Australian distributor, AMCLA Pty Ltd, in Victoria. This substantial investment demonstrates GAMA's ongoing dedication to infection prevention by providing outstanding education, training, and clinical support to healthcare professionals worldwide.
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14 May 2021: Ecolab announced the new disinfectant wipe 1 and spray has been approved for the use in healthcare settings.
Key Reasons to Buy Our Report
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The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.
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We provide customized reports as per the client's requirements helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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FREQUENTLY ASKED QUESTIONS
Rise in the number of surgical procedures and an increase in the aged population are the major factors driving the growth of the chlorhexidine gluconate (CHG) wipes market.
The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022-2031.
Harmful effects of CHG wipes and lack of knowledge related to CHG among the population are estimated to hamper the market growth.
Asia Pacific region will provide more business opportunities for growth of chlorhexidine gluconate (CHG) wipes market in future.
The major players in the market are Reynard Health Supplies, The Clorox Company., Ecolab, Becton, Dickinson and Company, GAMA Healthcare Ltd., 3M, Sage Products LLC, Convatec Inc., Cardinal Health., PDI, Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by distribution channel, product type, application, and by region.
The offline segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.
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- Reynard Health Supplies
- The Clorox Company.
- Ecolab
- Becton Dickinson and Company
- GAMA Healthcare Ltd.
- 3M
- Sage Products LLC
- Convatec Inc.
- Cardinal Health PDI Inc.