NEW YORK, May 18, 2021 /PRNewswire/ —
The alcohol prep pads market is expected to grow by USD 194.50 million during 2021-2025. The report also throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
Alcohol Prep Pads Market: Growing penetration of vendors in Asia to drive growth
In Asia, the general awareness about alcohol prep pads is low compared to Europe and the Americas. There is a growing awareness about the benefits of using alcohol prep pads in emerging economies like China and India and developed countries like Japan. Moreover, the need for medical disposables such as alcohol prep pads will increase due to the growth in the number of hospitals in Asia. Hence, the growing penetration of vendors in Asia, one of the vital alcohol prep pads market trends, will also drive market growth.
Is there any relief during this COVID pandemic?
As per Technavio, the growing number of fatal injuries in sports and road accidents will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
Alcohol Prep Pads Market: Growing Number of Fatal Injuries in Sports and Road Accidents
Alcohol prep pads are used as first aid for the injuries sustained in road accidents and sports. Alcohol prep pads are essential for any surgical procedure to avoid bacterial contamination. This, in turn, will lead to a rise in demand for first aid products, consequently fueling alcohol prep pads market growth. Thus, the alcohol prep pads market growth can be attributed to the growing number of fatal injuries in sports and road accidents.
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Alcohol Prep Pads Market: Segmentation Analysis
This market research report segments the alcohol prep pads market by End-user (Hospitals and clinics, ASCs, and Others) and Geography (North America, Europe, Asia, and ROW).
41% of the market’s growth will originate from North America during the forecast period. The US is the key market for alcohol prep pads market in North America. Market growth in this region will be faster than the growth of the market in Europe and ROW. The alcohol prep pads market growth in North America can be attributed to the growing prevalence of chronic diseases, such as diabetes, cancer, and arthritis.
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Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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