Antiseptic and Disinfectant Products market size was estimated at USD million in 2020 and is forecast to reach USD Million by 2027.
Antiseptics are substances which hinders the growth of microorganism inside the human body and also the microbes present on the surface of tissues. Antiseptics are widely used in hospital set-ups during surgeries and for other clinical purposes. The number of antiseptics are being used for different ailments and body conditions. These include skin preparations, hand washes, and hand rubs, and so on. Both disinfectant and antiseptics comprise of chemical compounds often called as biocides. Disinfectants are widely used for the decontamination of non-living or inert surfaces. The current situation of the COVID-19 pandemic has drastically risen the demand for such products globally. The estimated growth of the antiseptic and disinfectant market has also been affected positively. Looking at the recent scenario, many industries have suffered from a significant decline in the present market world. On the contrary several industries have gained an escalated rise in the market due to the virus outbreak, one of these is the antiseptic and disinfectant products market.
The antiseptic and disinfectant market is widely used all over the world for decontamination purposes for body and non-living surfaces respectively. The global market valuation of antiseptic and disinfectant product market size is USD 16.75 billion in 2018 and is expected to expand at CAGR of 6.7% over the forecast period. Rise in awareness regarding the significance of hygienic practices and sanitization, high prevalence of Hospital Acquired Infections and its need in hospital and clinical set-ups has spare headed the antiseptic and disinfectant product market to rise in the forthcoming period.
The recent outbreak of deadly virus COVID-19 has created havoc all over the world and this has resulted in complete lockdown in many countries and its cities. Looking at the recent scenario, many industries have suffered from a significant decline in the present market world. On the contrary, several industries have gained an escalated rise in the market due to the virus outbreak, one of these is the antiseptic and disinfectant product market. Thus, this market of disinfectant products has a rapidly flourishing market in forthcoming days and in the present time.
Restraints and Opportunity
Strict rules and regulations and the Saturation of the market in developed countries are some factors that could drain the antiseptic and disinfectant product market.
However, the opportunity is far greater than restraints for such a product market at a global level. The comprehensive opportunity of hospital disinfectant products is due to the increasing demand for medical and surgical equipment, rise in a number of hospitals, frequent occurring of hospital-acquired infectious diseases, rise in the patient number and most important factor for building high opportunity for antiseptic and disinfectant product market is the recent outbreak of coronavirus world-wide. The COVID-19 has downgraded the market of many industries but has definitely created a clear route for the successful establishment of sanitizing and antiseptic products market all over the world.
Government initiatives to increase the production of antiseptics and disinfectant has significantly contributed to elevating the market.
Quaternary ammonium compounds segment under the type outlook has expected to gain the highest revenue share over the forecast period. It is one of the strong oxidizing agent and very effective disinfectant. It is usually used for the decontamination of medical equipment and hard inert surfaces. It deactivates most of the pathogenic microbes by altering the cell permeability resulting in the destruction of the microbe.
Medical device disinfectants are widely used for the prevention of microbial growth arks efficiently over bacterial surfaces. This has estimated to gain a high market growth rate in the forecast period.
North America has spare headed the market followed by Europe. The regional demand is expected to drive due to the increase in the number of surgeries and microbial infections. The rise in number of healthcare workers and increment in hospital-acquired infections.
Asia Pacific region is expected to attain the fastest CAGR during the forecast period because of increased cases of hospital-acquired infections and cases of other diseases, such as food poisoning, typhoid and cholera, fever in the region. Additionally, major players are also making the constant effort to enter into areas of Asia-Pacific which are untapped. These factors are anticipated to rise well for the regional market in the near future.
Leading companies of antiseptic and disinfectant product market includes 3M; Reckitt Benckiser; STERIS plc; Kimberly-Clark Corporation; Bio-Cide International Inc.; Cardinal Health; Novartis AG; BD; and Johnson & Johnson. Key companies are involved in adopting strategies such as collaborators and acquisitions and by entering into partnerships to strengthen their roots for a successful position in the market.
Type Outlook (Revenue, USD Million, 2019 - 2027)
Product Type Outlook (Revenue, USD Million, 2019 - 2027)
End-use Outlook (Revenue, USD Million, 2019 - 2027)
Middle East and Africa
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