REPORT HIGHLIGHT
Antiseptic and disinfectant market size was valued at USD 30,801.4 Million in 2022, expanding at a CAGR of 11.3% from 2023 to 2030.
Antiseptics and disinfectants are used in households and healthcare on a large scale. Additionally, its main function is to sanitize the surface so that infection doesn't spread from one person to another. Consumers rising demand for good quality products has increased the market demand for antiseptics and disinfectants. Furthermore, in the hotel industry, antiseptics and disinfectants are utilized where the importance of sanitation is very essential as it plays a major role in attracting potential consumers.
Antiseptic and Disinfectant Market- Market Dynamics:
- Rising prevalence of infectious diseases and HAI cases
- The faulty food habits and unhealthy lifestyle practices resulted in the poor immunity of the people, which in turn, increased the number of cases suffering from infectious diseases. Additionally, increasing cases of people belonging to the pediatric age group and the geriatric population have emerged as potential consumers for this market. Thus, the huge number of people who are getting infected by infectious diseases has risen to a furthermore number of patients which is projected to boost the market demand. However, a lack of skilled professionals in the medical sector is likely to restrain the growth of antiseptics and disinfectants over the forecast period. Moreover, poor prevention and sanitation have increased the spread of HAI cases; this is projected to fuel the industry growth. To spread awareness regarding the risk factors tremendous effort has been made which gives rise to HAI cases. Furthermore, recycling and processing medical devices and equipment are very important to prevent the spread of infection among medical practitioners and patients. The rising awareness related to personal hygiene and home care emerged as a positive opportunity for the antiseptic and disinfectant market.
Antiseptic and Disinfectant Market- Key Insights:
- As per the analysis shared by our research analyst, the global antiseptics and disinfectants market is estimated to grow annually at a CAGR of around 11.3% over the forecast period (2023-2030)
- The antiseptics and disinfectants industry is projected to grow at a significant rate due to the growing awareness of HAI cases and awareness related to personal hygiene
- Based on type segmentation, quaternary ammonium compound was predicted to show maximum market share during the forecast period.
- Based on sales channel, B2B was the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Antiseptic and Disinfectant Market- Segmentation Analysis:
- The global antiseptic and disinfectant market is segmented on the basis of type, product, sales channel, end use, and region.
- The market is divided into four categories based on type: alcohols & aldehyde products, enzymes, quaternary ammonium compounds, chlorine compounds, and others. The quaternary ammonium compounds segment is expected to dominate the market over the forecast period. The segment is used as a surface disinfectant in laboratories and hospitals. Moreover, in hospitals and clinics, these compounds help in controlling the spread of healthcare-associated infections. Additionally, these compounds are also used for disinfecting medical equipment that comes into direct contact with skin. The increasing incidence of hospital-acquired infections globally is likely to positively impact segment growth.
- The market is divided into three categories based on product: medical device disinfectants, surface disinfectants, and enzymatic cleaners. The medical device disinfectants segment is likely to possess the market share over the forecast period. The medical device disinfectants segment is commonly utilized for reprocessing endoscopes and surgical units. The disinfectants used for reprocessing/disinfection of medical devices such as hydrogen peroxide, glutaraldehyde, peracetic acid, and phenol/phenate. The rising number of surgical procedures worldwide is expected to be one of the major reasons for driving the segment demand.
- The market is divided into two categories based on sales channels: FMCG and B2B. The B2B segment is likely to hold the largest market share. These segments have higher order values and longer sales cycles. Moreover, under the B2B sales channel, enzymatic cleaners, surface disinfectants, and medical device disinfectants are the main antiseptics & disinfectants market. Major end users of the B2B sales channel include clinics, suppliers, hospitals, and healthcare providers.
- The market is divided into two categories based on end use: clinics, hospitals, and others. The hospital segment is attributed to dominating the market over the forecast period. The major reason for segment growth is the rising incidence of hospital-acquired infections globally. In developed and developing countries increasing healthcare expenditure might increase the number of hospitals which in turn, boost the demand for antiseptics & disinfectants.
Antiseptic and Disinfectant Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Antiseptic and Disinfectant Market- Competitive Landscape:
The large number of people who belong to the geriatric population has emerged as the potential market that experienced infectious diseases. Moreover, the government introduced various rules and regulations regarding the introduction of antiseptic and disinfectant products into the market. It becomes very essential on the part of the government to ensure that the products that are introduced into the market perform suitably and prevent the spread of diseases. Furthermore, market players are involved in adopting numerous strategies such as partnerships, mergers & acquisitions, and launching new products to strengthen their foothold in the antiseptics & disinfectants market. For instance, in June 2021, Bactiguard and Schulke signed an exclusive agreement for wound care solutions to German hospitals. Additionally, Schulke is one of the leading global distributors and manufacturers of infection prevention and hygiene solutions.
Recent Developments:
For instance, in January 2021, STERIS plc acquired Cantel Medical Corporation through a U.S. subsidiary. Additionally, Cantel is a global provider of services primarily for dental Customers and endoscopies and infection prevention products.
Key features of the study:
- This proposed research study on antiseptic and disinfectant market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
- The report provides the client the latest up-to-date and trending insights about the antiseptic and disinfectant market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for antiseptic and disinfectant market.
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the antiseptic and disinfectant market.
- Impact of COVID-19 on antiseptic and disinfectant market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on antiseptic and disinfectant market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the antiseptic and disinfectant market, we have also included competitive landscape and key innovator analysis for the antiseptic and disinfectant market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants who will help users to understand their financial information and strategic initiatives of players operating in the antiseptic and disinfectant market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global antiseptic and disinfectant market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ANTISEPTIC AND DISINFECTANT MARKET KEY PLAYERS
- Getinge Group
- 3M
- Reckitt Benckiser
- Novartis AG
- Steris Plc
- Kimberly-Clark Corporation
- Bio-Cide International, Inc.
- Becton
- Cardinal Health
- ABC Compounding
- BD
- Johnson & Johnson
- Nufarm Limited
GLOBALANTISEPTIC AND DISINFECTANT MARKET, BY TYPE
- Alcohols & Aldehyde Products
- Enzyme
- Quaternary Ammonium Compounds
- Chlorine Compounds
- Others
GLOBAL ANTISEPTIC AND DISINFECTANT MARKET, BY PRODUCT
- Medical Device Disinfectants
- Surface Disinfectants
- Enzymatic Cleaners
GLOBAL ANTISEPTIC AND DISINFECTANT MARKET, BY SALES CHANNEL
GLOBAL ANTISEPTIC AND DISINFECTANT MARKET, BY END USE
GLOBAL ANTISEPTIC AND DISINFECTANT MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA