The global antiseptic and disinfectant market was evaluated at US$ 6.3 billion in the year 2017. Research analysts at Transparency Market Research predict that the global antiseptic and disinfectant market will grow to reach the evaluation of US$ 10.6 billion at the end of the forecast period i.e. 2026. They also project that the global antiseptic and disinfectant market will grow at an impressive CAGR of 6% during the forecast period of 2018 to 2026. Key factors aiding this significant expansion of the global antiseptic and disinfectant market over the forecast period include increasing awareness regarding the requirement of thorough disinfection and home cleanliness, rising expenditure of healthcare, and increasing instances of hospital acquired infections and infectious diseases.
Products in the global antiseptic and disinfectant market, antiseptics and disinfectants are used to keep non-living or living things, including humans, protected from germs by eliminating various harmful micro-organisms in human bodies. Antiseptic products in the global antiseptic and disinfectant market are usually used by humans to keep themselves germ free, while disinfectant products are used to clean and disinfect non-living things such as floors, roofs, furniture, and medical apparatus and equipment to sterilize these things. They are most commonly used in healthcare industry to enhance the overall patient care by ensuring added safety of hospitalized or special care patients from external micro-organisms such as bacteria.
Rising Concerns Over Spreading of Infectious Diseases Fuel Demand in Antiseptic and Disinfectant Market
Increasing concerns over the spreading of various infectious diseases in commercial or industrial spaces as well as residential and in patient supportive hospital infrastructures and rising focus on maintaining hygiene in global population are also stimulating high growth and development in the global antiseptic and disinfectant market. Moreover, technological improvements such as rising usage of surgical rooms with automatic disinfectant sprays as well as endoscope reprocessors are also estimated to augment the future landscape of the global antiseptic and disinfectant market over the forecast period of 2018 to 2026.
Rising number of surgeries and codependent increasing requirement for disinfection of surgical instruments and operating rooms as well as rising per capita income on healthcare expenditure are expected to augment the demand in the global antiseptic and disinfectant market in coming years. Segments in the global antiseptic and disinfectant market classified by the type of product include chlorine compounds, aldehydes, hydrogen peroxide, silver, quaternary ammonium compounds, alcohols, phenolic compounds, and iodine, among others. Segments in the global antiseptic and disinfectant market by end user are commercial users, healthcare providers, and domestic users. Commercial users segment in the global antiseptic and disinfectant market is anticipate to record high growth over the forecast period owing to high efficacy of antiseptic and disinfectant products against most forms of enveloped fungi and virus as well as vegetative bacteria.
Asia Pacific to Record High growth in Antiseptic and Disinfectant Market over Forecast Period
Key regions evaluated in the market analysis on global antiseptic and disinfectant market include North America (Canada and United States), Asia Pacific (including China, Japan, New Zealand, India, Australia, and rest of the Asia Pacific), Europe (including the United Kingdom, France, Spain, Italy, Germany, and rest of the Europe), Middle East and Africa (including South Africa, Gulf Cooperation Council countries, Israel, and rest of the Middle East and Africa), and Latin America (including Brazil, Mexico, and rest of the Latin America). North America held a leading share in the global antiseptic and disinfectant market in 2017 owing to increasing adoption of surgical treatment procedures, rising geriatric population availing hospitalized care services, and increasing instances of infectious diseases in the United States. Over the forecast period, i.e. 2018 to 2026, Asia Pacific region is anticipated to witness substantial growth in the global antiseptic and disinfectant market.
Few of the major incumbent players functional within the global antiseptic and disinfectant market are 3M Company, Johnson & Johnson, Getinge Group, Becton, Whiteley Corporation, Cardinal Health, Kimberly Clark, and Dickinson and Company. Many leading players and participants in the global antiseptic and disinfectant market are focused on new product launches as well as forming collaborative partnerships and establishing strategic acquisitions to enhance their geographical presence in the global marketplace.
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