As per our research report, between 2022 to 2027, the worldwide antiseptics and disinfectants market is expected to rise at a 6.77% CAGR. In 2022, the market is expected to be worth USD 7.58 billion, growing to USD 10.52 billion by 2027.
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The global COVID-19 epidemic has aided the global antiseptics and disinfectants market, growing faster over the forecast period. Frequently sanitizing is an effective technique to stop the disease from spreading. COVID-19 is causing a surge in market demand as the number of infected grows. Sanitizing isolation wards and other areas where disinfectants are used is extremely important. Germs will be less infectious if you wash your hands often with antiseptic liquids. Manufacturers are working hard to meet market demand.
The rise in the global incidence of life-threatening infectious diseases like COVID-19 is undeniably a significant growth driver for the antiseptics and disinfectants market.
The global antiseptics and disinfectants market is further projected to be driven by the increased popularity of handwashing to destroy germs regularly. The demand for these products is being boosted by continued research towards creating new high-tech things. As the number of hospitals and clinics expands, COVID-19 distribution positively impacts market growth. According to the Centres for Disease Control and Prevention, one out of every 25 people acquires a healthcare-associated infection each year (CDC).
Because of the rising number of hospital visits, disinfection demand has surged. In England, for instance, the number of trips to the accident and emergency department (A&E) has steadily climbed over time. According to the National Health Service’s 2020 report, attendance increased from 59,396 in 2013 to 70,230 in 2019. As a result, demand for surface disinfectants has surged, resulting in market expansion.
Due to a lack of cleanliness and prevention, the worldwide antiseptics and disinfectants market is expected to grow.
The market participants are expected to profit from government efforts to minimize HAI cases and improve home and personal hygiene awareness. Fortive Corporation made a binding offer to purchase Johnson & Johnson’s Advanced Sterilization Products (ASP), a part of Ethicon, Inc., in June 2018, and it will help the company expand its sterilizing product portfolio and its international client base. As the number of hospitals and advanced healthcare facilities worldwide grows, as does the popularity of health clubs and fitness centers, antiseptics and disinfectants are expected to grow.
Medical equipment and endoscopes must be refurbished because they come into intimate touch with the skin and body. To lower the incidence of HAIs, hospitals must adopt measures for maintaining adequate hygiene and sanitation. This tendency is expected to boost the market for antiseptics and disinfectants throughout the forecast period. Furthermore, the young generation’s strong interest in preventing flu, bacterial, and viral illnesses will increase the demand for antiseptics and disinfectants.
Hospital-acquired infections are widespread not only in developing countries but also in industrialized countries. According to the CDC’s National Healthcare Safety Network (NHSN), Surgical Site Infection Surveillance from 2018, surgical site infections are expected to account for 11% of all deaths in intensive care units. As a result, antiseptics and disinfectants are in high demand in hospitals and clinics. As a result of these factors, the market is expected to grow.
On the other hand, to a lesser extent, market growth is hampered by a lack of complete understanding of utilizing these items and volatility in the availability of various chemical agents. Market demand is also hampered by government officials’ strict rules and regulations for certifying new products for public safety. Furthermore, when used regularly, some disinfectants pose a high danger, which reduces the market’s demand. In addition, fluctuations in the manufacturing companies’ production rates are slowly stifling market demand. Finally, there is a scarcity of competent personnel in rural locations who can keep surgical instruments sanitary.
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KEY MARKET INSIGHTS:
The Alcohol and Aldehydes segment accounted for the most significant proportion of the global antiseptics and disinfectants market in 2021. COVID-19’s effect is causing this portion to explode. A crucial cause for this industry is the rising demand for sterilizing isolation wards and other places. Following the alcohol and aldehydes divisions, the phenols and derivatives section has the largest market share. This segment’s growth pace is being leveled by an increasing prevalence of maintaining sanitary conditions in homes, offices, and other places. In the upcoming years, the biguanides and amides category is predicted to increase rapidly. During this time, quaternary ammonium compounds and others are expected to expand slowly.
Geographically, the North American region is expected to lead the market due to a massive presence of key industry participants and a well-developed healthcare system. Hospitals had a total of 880.5 million outpatient visits in 2017 and 879.6 million outpatient visits in 2018, according to a 2020 study by the American Hospital Association. As a result, the need for antiseptics and disinfectants in hospitals has skyrocketed. According to a 2018 estimate, over 98,000 people die each year due to hospital-acquired infections while being treated for other illnesses. Furthermore, HCAIs are the most common side effects of hospital care in the United States. As a result of these concerns, antiseptics and disinfectants are in great demand in the United States.
Compared to other geographies, the Asia Pacific region has the most significant population, and people’s concerns about their safety are fuelling this region’s rapid growth. India is the market leader in APAC for antiseptics and disinfectants. Raising awareness through campaigns and digital media is a lucrative strategy to meet market needs. The rising geriatric population is another factor influencing the market’s growth rate in this country. China, after India, is the global leader, accounting for a substantial percentage of the market. The market’s expansion is being fuelled by the rising need to strengthen healthcare infrastructure. The market in this country is growing at a faster rate due to rising healthcare costs. In Japan, the market for antiseptics and disinfectants is ripe for growth. One of the variables expected to boost market demand is increasing disposable income in metropolitan regions. In addition, the increase in the rates of numerous health issues is driving this market’s growth pace.
The expansion in the number of research and development institutes in Australia is a crucial element driving up demand for antiseptics and disinfectants. In addition, the rising prevalence of adequate sanitizing in hospitals due to the proliferation of COVID-19 is driving up market demand.
Between 2022 and 2027, South Korea’s demand for antiseptics and disinfectants is predicted to grow fastest. The growing number of healthcare centers has a significant impact on market demand. The need for antiseptics and disinfectants is leveling out as people become more aware of their use. Apart from the aforementioned, the COVID-19 epidemic is expected to impact Thailand, Russia, and Asian nations substantially.
The most excellent antiseptics and disinfectants manufacturers are 3M Company, Abc Compounding, Advanced Sterilization Products, American Biotech Labs, Angelini Pharma Inc., Becton, Dickinson, and Company, Bio-Cide International Inc., Cardinal Health, Nufarm Limited, and Carefusion Corp.
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SEGMENTS ANALYZED UNDER THIS REPORT:
By Type:
- Alcohol and Aldehyde
- Phenols and Derivatives
- Biguanides and Amides
- Quaternary Ammonium Compounds
- Iodine Compounds
- Others
By End-User:
- Domestic User
- Institutional User
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Browse Related Reports:
- North America Antiseptics and Disinfectants Market
- Europe Antiseptics and Disinfectants Market
- APAC Antiseptics and Disinfectants Market
- Latin America Antiseptics and Disinfectants Market
- MEA Antiseptics and Disinfectants Market
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