Chlorhexidine Gluconate Solution Market Major Development Factors, SWOT Analysis, and Growth Drivers

The global chlorhexidine gluconate solution market is expected to display higher growth rate in the upcoming period. Rapid surge in the market is credited to the growing prevalence of chronic diseases, and rising number of surgical procedures performed each years across the globe. Growing geriatric population and declining cost of medicines are expected to drive the growth of the market over the forecast period. Globally, chlorhexidine gluconate solution market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of chlorhexidine gluconate solutions.

CHG (Chlorhexidine Gluconate), is known for its antimicrobial properties, and is increasingly used as the most effective agent available for surgical scrubbing, hand washing, patient pre-op prepping and skin wound cleansing. However, fluctuations in raw materials prices and limited availability are expected to limit market growth to a certain extent. Moreover, stringent government regulations regarding excessive use of chemicals is estimated to hamper the market growth further.

Chlorhexidine gluconate solution comes under topical antibiotic category that are used for several external applications. Chlorhexidine gluconate solution contains NLT (not less than) 19.0% and NMT (not more than) 21.0% of chlorhexidine gluconate. Chlorhexidine gluconate with four percent solution is largely used as a skin cleanser. Chlorhexidine gluconate solution is takes action against gram-positive and gram-negative organisms. Chlorhexidine gluconate solution also resists facultative anaerobes, aerobes, and yeast.

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The chlorhexidine gluconate solution market is broadly categorized into four major segments based on the application type such as skin preparation, surgical preparation, pharmaceutical product and cosmetics additive. Skin preparation segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of chlorhexidine gluconate solution in skin preparation segment is attributed to the increasing product penetration and easy availability.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in medicine & pharmaceutical sector, surge in number of research & development activities and existence of well-established healthcare infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the chlorhexidine gluconate solution industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising disposable income, increasing healthcare expenditure by local governments, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the chlorhexidine gluconate solution market are Maxil Technology Solutions, Inc., Dharma Research, Inc., Becton, Dickinson & Co., Xttrium Laboratories, Inc., Sage Products LLC, Mölnlycke Health Care Co., Medichem S.A., The 3M Co., Ecolab, Inc., Bajaj Medical, Inc., STERIS Corp., and Clorox Healthcare.

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