Global Antiseptic and Disinfectant Market is Estimated to Value Over USD 90.02 Billion by 2026 End

  • 21 Oct 2019

Global Antiseptic and Disinfectant Market is estimated to value over USD 90.02 billion by 2026 end and register a CAGR of over 6.5% during the forecast period 2019 to 2026.

The global market is registered to grow as a result of infections obtained through the hospital settings, adopting greater standards of hygiene and cleanliness, as well as the use of surgical units and endoscope reprocesses. The heightened use of surgical units and gastrointestinal endoscopes (GI) because of a greater volume of surgeries that are being performed on a global scale are features which will boost the antiseptic and disinfectant market growth. GI endoscopy counts as a crucial element in the detection and subsequent treatment of the disorders present in the gastrointestinal tract. Adequate handling of the GI endoscopy application is crucial because it aids in the prevention of the transmission of infection through endoscopes as well as lapses in the reprocessing.

Furthermore, endoscopes require reprocessing to be carried out in the correct fashion in accordance with the infection control regulations to minimize the risk factor, particularly when there is a contraction of patient acquired microorganisms and environmental detriments. As a result, such cases where there is correct handling and application of antiseptic and disinfectants solutions becomes paramount, in order to curb the potential transmission of infections. To add to this, the exponential rise of endoscopy is anticipated to broaden the risk of contracting such infections. Such examples are documented in the publishing by the British Society of Gastroenterology and BMJ Publishing Group Ltd that highlighted how the market has witnessed a rise for conditions such as symptomatic afflictions and bowel cancer screening, due to which, there is an aggregate demand for centers in the U.K. in recent years.

Among the prominent players heavily engaged in the antiseptic and disinfectant market is Cardinal Health and their antiseptic products range from hydrogen peroxide, isopropyl alcohol and even Chlorhexidine Gluconate. Their products are devoid of paraben, dye, 1,4 dioxane, phthalates and Q-15 and they are not made using rubber latex. An example of their products would be low lint towels which have multiple advantageous primarily because they are absorbent, free of latex, free of lint and they are cost efficient. The towels are created for the purpose of clean-ups.

The region of North America has captured much of the antiseptic and disinfectant market share which can be attributed to the rising geriatric population and their need for constant medical attention, the prevalence of surgical treatments available in clinical settings and the patterns of diseases within the population in the U.S. in addition, a tendency to clean surgical instruments using disinfectants has been observed in the healthcare units in the U.S., which is anticipated to drive the growth of the healthcare providers segment during the forecast time span. The antiseptic and disinfectant market in the Asia Pacific is also expected to grow and the markets present in Japan and China are registered to attain a considerable CAGR, thus expanding the global antiseptic and disinfectant market size.

 

Major players who are dominating the market includes Cardinal Health, Kimberly-Clark Corporation, Johnson & Johnson, 3M, Reckitt Benckiser, Bio-Cide International Inc., STERIS plc,  Novartis AG. Some of the features for their revitalized economic growth includes going forward with acquisitions and mergers and accepting partnerships to cement their standing in the market.

 

Global Antiseptic and Disinfectant Market Segmentation:

By Product

  • Quaternary Ammonium Compounds
  • Chlorine Compounds
  • Alcohols
  • Aldehydes
  • Phenolic Compounds
  • Hydrogen Peroxide
  • Iodine
  • Silver
  • Others

By End-user

  • Healthcare Providers
  • Commercial Users
  • Domestic Users

By Region

  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

FutureWise Key Takeaways:

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

 

Objectives of the Study:

  • To provide with an exhaustive analysis on the global antiseptic and disinfectant market by product, by end user and by region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

 

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