In this MRFR market note, the global chlorhexidine gluconate (CHG) wipes market is discussed at length. Market Research Future (MRFR) forecasts a CAGR of 4.40% for the global CHG wipes market from 2018 to 2023. The market growth is linked to the increasing number of surgical procedures & surgical site infections and rising geriatric population.
The World Health Organization (WHO) stated that millions of patients are affected by healthcare-associated infections worldwide each year, leading to significant mortality and financial losses. According to the European Centre for Disease Prevention and Control, approximately 30% of the patients in ICUs are affected by at least one episode of healthcare-associated infection. This huge population affected with healthcare-acquired infections is increasing the demand for CHG Wipes and contributing to boost the CHG wipes market. The global CHG wipes market is expected to grow significantly during the forecast period. Currently, the market is dominated by many market players. The growing competition among existing and new market players to develop better CHG products is expected to fuel market growth. Also, key companies are being involved in the launch of new products to brace their position in the market. For instance, in October 2018, 3M announced the launch of SoluPrep Film-Forming Sterile Surgical Solution, a 2% chlorhexidine gluconate and 70% isopropyl alcohol surgical skin prep that are used to help clinicians in the fight against surgical site infections.
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CHG bath wipes will remain the largest product type in the global CHG wipes market
The CHG bath wipes segment accounted for a market value of USD 9590.53 thousand in 2017. CHG bath wipes are products that are used by patients for their daily bath to prevent healthcare-associated infections. High incidences of surgical site infections are expected to drive the growth of the market.
2% chlorhexidine gluconate wipes will dominate the concentration segment in the global CHG wipes market
The 2% chlorhexidine-impregnated wipes segment accounted for the larger market share of 77.24% in 2017. 2% wipes are more popular in the market as they have a higher concentration of CHG and give a better aseptic condition.
Surgical site infection will dominate the application segment in the global CHG wipes market
The surgical site infection sub-segment is expected to register the higher CAGR of 4.49% during the forecast period. The increasing prevalence of surgical site infections along with the growing demand for potential antiseptic solutions is expected to drive the market growth.
The hospitals and retail pharmacies segment would dominate the distribution channel segment in the global CHG wipes market
The hospitals and retail pharmacies segment accounted for a value of USD 6,407.63 thousand in 2017. A significant number of advanced treatment procedures in hospitals are anticipated to boost the market growth of hospitals and retail pharmacies in developing regions during the assessment period.
Asia-Pacific CHG wipes market to exhibit the highest CAGR
Asia-Pacific is the fastest growing market with a CAGR of 4.95% for the CHG wipes. Australia held a share of 10.7% in the Asia-Pacific CHG wipes market in 2017. Developing regions such as China, India, and South Korea have evolved as cost-effective manufacturing platforms for the CHG wipes market. Due to the availability of raw materials at affordable cost, low labor charges, and low transportation cost compared to developed nations, developing regions act as the best opportunity for the CHG wipes market.
Becton, Dickinson and Company (US), 3M (US), Cardinal Health (US), GAMA Healthcare Ltd (UK), Carenow Medical Pvt. Ltd. (India), PDI Limited (US), Lernapharm Inc. (Canada), Pal International (UK), and others are some of the key companies operating in the market.
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