Increasing demand for antiseptics & disinfectants is expected to continue to drive revenue growth of the antiseptics & disinfectants market going ahead.
Antiseptics And Disinfectants Market size was USD 19.15 Billion in 2020 and is expected to register a revenue CAGR of 6.6% during the forecast period. Increasing use of antiseptics & disinfectants in hospitals and healthcare settings for topical and hard-surface applications, rising adoption of antiseptics & disinfectants among people amid COVID-19 pandemic, and growing use of antiseptics agents in dermatologic surgical procedures by healthcare providers are key factors expected to drive antiseptics & disinfectants market revenue growth over the forecast period. Antiseptics and disinfectants are being adopted for routine use to prevent hospital-acquired infections and have been of paramount importance in maintaining patient safety and lowering the rate of hospital-associated infections. Disinfectants are majorly used in home premises and farms, in water treatment, and food processing facilities; whereas, antiseptics are used in soaps, dairy sanitizers, and to treat local infections. Increasing demand for antiseptics & disinfectants is expected to continue to drive revenue growth of the antiseptics & disinfectants market going ahead.
Disinfectants and antiseptics are chemical substances that are used to kill pathogenic microorganisms from animate and inanimate objects. Antiseptics are often used to reduce growth of disease-causing microorganisms from broken skin or wounds, and are most commonly used in healthcare settings to minimize the risk of infections during surgeries and other invasive procedures. Disinfectants are used to inactivate or destroy microorganisms from inert or hard surfaces to prevent transmission of infectious pathogens from surfaces to patients, healthcare workers, and visitors. Over the recent years, constant focus on research and development activities have led to development of novel and more enhanced antiseptics and disinfectants that are effective against multidrug resistant and multidrug susceptible strains of bacteria. This trend is expected to gain traction going ahead and boost revenue growth of the global antiseptics & disinfectants market.
Rapid progress in understanding the mode of action of certain disinfectants and antiseptics have contributed to development of infection control protocols that ensure usage of antiseptics and disinfectants according to the clinical requirement. Correct use of antiseptics and disinfectants has become crucial for prevention of healthcare associated infections among patients undergoing surgical procedures, have implanted devices, is on ventilator, and or is hospitalized. These key factors are expected to further drive demand for antiseptics and disinfectants and in turn, fuel revenue growth of the global antiseptics and disinfectants market. However, increasing cases of infections caused by contaminated antiseptics & disinfectants is expected to limit product adoption and is a major factor that can restrain antiseptics & disinfectants market growth to a certain extent over the forecast period.
The global pharma & healthcare market report points out the key trends and developments taking place in this business space in the ongoing COVID-19 times. According to market experts, the pandemic has turned this industry upside down, with an unprecedented rise in demand and acute supply shortage. The report clearly depicts the current global economic landscape and the considerable situation of the healthcare industry. A substantial increase in demand for healthcare services worldwide, rising cases of the SARS-CoV-2 infection, increasing pharmaceutical research & development activities, and new drug pipelines are among the key factors that have driven the global pharma & healthcare industry growth in the recent past. Growing acceptance of telehealth and telemedicine services, rise in government initiatives for COVID-19 vaccine development, and escalating demand for advanced point-of-care diagnostics and home healthcare products have further bolstered the industry growth.
Major Companies Profiled in The Global Market Report Include:
Reckitt Benckiser Group plc. Kimberly-Clark Corporation, Cardinal Health, Johnson & Johnson, 3M, STERIS Plc, Bio-Cide International, Inc., Novartis AG, Becton, Dickinson and Company, and Nufarm Limited
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Some Key Highlights from the Report:
- Quaternary ammonium compounds segment is expected to account for largest revenue share over the forecast period owing to increasing use of antiseptics & disinfectants comprising quaternary ammonium compounds as active ingredients attributable to numerous benefits offered such as good stability, low toxicity, high surface activity, and enhanced compatibility with other cleaning agents.
- Medical devices disinfectant segment is expected to register a significantly high revenue growth rate over the forecast period attributable to rising use of disinfectants in reprocessing and sterilization of medical devices and equipment to reduce rate of hospital-acquired infections.
- Hospitals segment is expected to register a robust revenue CAGR over the forecast period attributable to rising use of disinfectants & antiseptics as main components in infection control strategies, to efficiently control microbial growth in healthcare facilities, and to disinfect medical equipment and devices.
- North America market is expected to account for largest revenue share between 2021 and 2028 owing to growing implementation of robust infection control and prevention strategies, rising incidence of healthcare-associated infections, especially in the United States, growing awareness among individuals regarding routine disinfection processes, and presence of key manufacturers and producers in countries in the region..
- In September 2021, Novo Nordisk Pharmatech A/S inked a strategic agreement with HELM de Mexico for distribution of pharmaceutical grade quaternary ammonium compounds to entire healthcare industry in Mexico.
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For the purpose of this report, Reports and Data has segmented the global antiseptics & disinfectants market based on type, product type, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Chlorine Compounds
- Quaternary Ammonium Compounds
- Enzymes
- Alcohols & Aldehyde Products
- Others
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Medical Device Disinfectants
- Enzymatic Cleaners
- Surface Disinfectants
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Clinics
- Others
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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