USD 31.68 billion
Report ID:
SQSG15E2057 |
Region:
Global |
Published Date: October, 2024
Pages:
165
|Tables:
117
|Figures:
77
Antiseptic And Disinfectant Market size was valued at USD 31.68 billion in 2022 and is poised to grow from USD 34.9 billion in 2023 to USD 75.69 billion by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).
An antiseptic aids in preventing or reducing microbial growth on the wound. To lower the risk of infection before or after surgery and other treatments, they are frequently employed in hospitals and other medical facilities. In medical schools, many antiseptics are utilised. Hand sanitizers, hand massages, and skin preparations are a few examples of antiseptics. For usage in homes, some of these antiseptics are sold over-the-counter (OTC).
Microorganisms can be eliminated by antiseptics and disinfectants, and some antiseptics are also referred to as skin disinfectants. Disinfectants are applied to nonliving surfaces like handrails, countertops, etc. while antiseptics are applied to the body. In the food sector, chemicals are frequently utilised to sterilise and disinfect product touch surfaces. In order to ensure that the foods produced and consumed are as free of bacteria that can cause foodborne illnesses as feasible, these chemicals are a required and mandated step. These factors are projected to further boost the growth of the Antiseptic and disinfectant market.
In addition, industrial food manufacturing is subject to fairly tight legislative guidelines to safeguard customers from inadequate sanitation and food poisoning as well as producers from liability claims and business closures. Regulations governing cleanliness are just one of many standards that firms must adhere to in the food and catering sector.
US Antiseptic And Disinfectant Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 31.68 billion
Largest Segment
Medical Device Disinfectants
Fastest Growth
Medical Device Disinfectants
Growth Rate
10.1% CAGR
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The global antiseptic and disinfectant market is segmented by Type, Product, Sales channel, End User, and region. Based on Type, the market can be segmented into Quaternary Ammonium Compounds, Chlorine Compounds, Alcohols & Aldehyde Products, Others. Based on Product, the market is segmented into Enzymatic Cleaners, Medical Device Disinfectants, Surface Disinfectants. Based on Sales Channel, the market is segmented into B2B, FMCG. Based on End User, the market is segmented into Hospitals, Clinics, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Antiseptic And Disinfectant Market Analysis by Product
In 2021, the medical device disinfectants had the largest share of 45% in global antiseptic and disinfectant market. In general, surgical units and endoscopes are reprocessed using medical device disinfectants. Some of the disinfectants used for reprocessing/disinfecting medical devices include glutaraldehyde, phenol/phenate, hydrogen peroxide, and peracetic acid. Medical equipment, including endoscopes, must be properly reprocessed because of the risk of infection spread from patient to patient by skin-to-skin contact. One of the key factors propelling the segment during the projection period may be the rising number of surgical procedures performed globally.
Over the projection period, the enzymatic cleaners segment is predicted to develop at the fastest rate. Enzymatic cleansers are frequently used to eliminate odour and are more effective on bacterial surfaces. In clinics and hospitals, it is frequently used to disinfect surgical instruments and test kits. Two significant factors influencing the sector are the quantity of surgical procedures and the quantity of illnesses contracted while hospitalised.
Antiseptic And Disinfectant Market Analysis by End User
By the end of 2028, the healthcare providers segment is expected to continue to dominate the global antiseptic and disinfectant market and possibly even increase its market share. A few value-added factors that are likely to propel the antiseptic and disinfectant market include an increase in surgeries, which is likely to increase the frequency of using medical instruments, an increase in hospital-acquired infections, and an increase in per capita income on healthcare expenditures.
The sector now holds a significant portion of the global market due to the rising number of hospitals in emerging economies. For instance, according to the CDC, around 1 out of every 31 hospital patients gets an infection that was acquired there. To stop the spread of diseases, it's essential to use the right antiseptics and disinfectants. In addition, rising healthcare costs in wealthy and developing nations may result in more hospitals, which is predicted to result in higher demand for antiseptics and disinfectants. Due to antiseptic & disinfectant efficacy against the majority of vegetative bacteria, enveloped viruses, and fungi, the other users segment of the antiseptic and disinfectant market is anticipated to grow at a significant CAGR during the forecast period.
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With a revenue share of almost 35% in 2021, North America dominated the antiseptics and disinfectants market. The region's need for disinfectants and antiseptics is expected to rise as a result of the rising number of surgeries and healthcare workers employed in North America. Because they reduce the risk of infection and contamination spreading from one patient to another, antiseptic and disinfection solutions are essential for surgical operations and scientific research. In addition, a rise in the incidence of hospital acquired infections may raise demand for disinfection therapies as doctors promote their use. These elements are therefore anticipated to fuel market expansion over the course of the forecast period.
One of the key factors propelling the market throughout the projection period is the rise in food poisoning, cholera, and typhoid fever cases. Additionally, increasing consumer awareness of the importance of keeping homes clean is probably going to benefit market expansion. The Asia Pacific antiseptic and disinfectant market is anticipated to grow quickly over the forecast period. While China's market is anticipated to grow at a substantial CAGR throughout the forecast period, Japan dominated the antiseptic and disinfection market in Asia Pacific. Major businesses are also working to reach Asia Pacific markets that are currently unexplored, broadening the market's potential. High literacy rates and the expansion of business and healthcare centres are also anticipated to support the expansion of the antiseptic and disinfectant market in the European area.
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Antiseptic And Disinfectant Market Driver
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The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, mergers, acquisitions, and new product creation. In our antiseptic and disinfectant market reports, some of the leading quality antiseptic and disinfectant manufacturers are as follows: 3M (US), Benckiser (UK), Steris Plc (US), Kimberly-Clark Corporation (US), Bio-Cide International, Inc. (US), Cardinal Health (US), BD (US), Johnson & Johnson (US), Advanced Sterilization Products (UK), American Biotech Labs (US)
Antiseptic And Disinfectant Market Top Players Company Profiles
Antiseptic And Disinfectant Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by product, medical devices segment held more than 45% of the distribution market in 2021 of the global revenue share. Increase in demand for medical devices across the globe is driving the need for antiseptics and disinfectants market. Amid the Covid-19 pandemic, the antiseptics and disinfectants market witnessed a considerable amount of growth owing to the demand for the production of hand sanitizers. Region-wise, North American market held the largest share in the antiseptics and disinfectants market owing to the presence of key market players and a well-developed healthcare industry in the region.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 31.68 billion |
Market size value in 2031 | USD 75.69 billion |
Growth Rate | 10.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Antiseptic And Disinfectant Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Antiseptic And Disinfectant Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Antiseptic And Disinfectant Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Antiseptic And Disinfectant Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQSG15E2057
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