The global antiseptics and disinfectants market were valued at US$ 9.4 Billion in 2019 and is projected to reach US$ 17.8 Billion by 2027 expanding at a CAGR of 8.2% during the forecast period, 2020-2027. Antiseptics and disinfectants products are primarily used for eliminating viruses, bacteria, fungi, and other disease-causing germs on the human body and non-living objects. According to the National Healthcare Safety Network (NHSN) Surgical Site Infection Surveillance in 2018, 11% of all deaths in intensive care units were reported to be associated with surgical site infections. This, in turn, has increased the demand for antiseptics and disinfectants in hospitals and clinics.
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Market Dynamics
Prevalence of hospital-acquired infections, rising consumer health awareness & healthcare expenditure, technological improvements in manufacturing of antiseptics & disinfectants are considered as the primarily drivers the market for higher sales. However, stringent regulations related to the usage of antiseptics & disinfectants and negative perception about the use of chemical disinfectants are the major barriers for market growth. Though respective country government campaigns & awareness programs regarding home and personal hygiene are projected to create growth opportunities for market players.
Based on applications, the global antiseptics and disinfectants market is classified into enzymatic cleaners, medical device disinfectants, surface disinfectants, and others. The medical device disinfectants segment is projected to constitute almost half of the of the market in 2027, as antiseptics & disinfectants help to maintain hygiene while using medical devices.
RegionalOutlook
In terms of regions, the market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America antiseptics and disinfectant market holds the highest value share in 2019 which was accounted for more than one third of the global market. The demand for antiseptics and disinfectants is expected to be highest in Asia Pacific due to high consumer base along with the growing health & hygiene practices and intense market competition in the region which ultimately benefits the consumers. The Asia Pacific market is expected to expand at over 11.0% CAGR during the forecast.
Competitive Landscape
Key players in the market include Bio-Cide International, Inc., SC Johnson Professional, P&G, Reckitt Benckiser Group plc, The Clorox Company, 3M and others. These companies are considered as key manufacturers of antiseptics and disinfectants based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
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April 29, 2019: Global Antiseptics and Disinfectants Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe.
Antiseptics and disinfectants are different kinds of germicides.A chemical agent that is used to slow or inhibit the microbial growth and help avoid infections on the body surface like skin is called an antiseptic.
On the other hand, there are also factors that may hamper the growth of the market such as stringent government guidelines regarding use of antiseptics and manufacturing of antiseptics.
Antiseptics and Disinfectants Market is classified on the basis of product type as alcohols and aldehydes, phenols and derivatives, bigunaides and amides, quaternary ammonium compounds, iodine compounds, and others.
Antiseptics and Disinfectants Market is classified on the basis of distribution channel as online stores, medical stores, specialty stores, super markets and others.
Antiseptics and Disinfectants Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East and Africa.
A rising demand to disinfect hospitals to restrict the spread of germs and infections are driving the demand for the market.Market Size – USD 17.97 Billion in 2019, Market Growth - CAGR of 6.6%, Market Trends – Increasing incidence of COVID-19.New York, December 09, 2020 - The global Antiseptics and Disinfectants Market is forecasted to reach USD 30.17 Billion by 2027, according to a new report by Reports and Data.
The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.The key companies profiled in the market are: 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 LimitedFurther key findings from the report suggestChlorine compounds are used to disinfect surface areas, medical equipment, and bleaching materials.
The physical environment plays a very important role in the transmission of disease, and advanced technologies are used in healthcare facilities to reduce surface disinfection.
Ultraviolet surface disinfection is being regarded as one of the novel technologies with ample potential.Hospitals held a large share in the forecast period.
The risk of acquiring HAIs is high, and facilities have to maintain a clean, hygienic environment for the patient to recover.
