|Market Size in 2020||Market Forecast in 2028||CAGR (in %)||Base Year|
|USD 7.5 Billion||USD 13.3 Billion||7.3%||2022|
Antiseptics and Disinfectants Market
The global antiseptics and disinfectants market size was around USD 7.5 billion in 2020 and is expected to reach USD 13.3 billion by 2028, growing at a CAGR of around 7.3%.
Antiseptics and disinfectants are the chemical products which is killing or inhibiting the growth of microbes. An antiseptic is applied live tissue such as skin, while disinfectants are applied to nonliving surfaces, such as countertops and handrails.
Increasing cases of Healthcare-associated infections (HAIs) owing to the lack of sanitation and precaution is a major factor augmenting the market growth over the forecast period. According to the CDC report in 2018, around 1.7 million cases of HAIs and around 99,000 associated deaths are reported each year in American hospitals. As per the report by European Centre for Disease Prevention and Control (ECDC) in 2018, prevalence of HAIs in European countries was around 7.1%. It also reported that around 4,131,000 patients suffer from HAIs in Europe each year.
The Antiseptics and Disinfectants products also used to eliminate bacteria and microbes before they can enter patient’s body. Such solutions are required in hospitals to maintain the proper hygiene and sanitation.
Key players in the market are continuously working on research and better distribution system have established their position in the market.
The pandemic has had the most impact on the manufacturing, logistics, and the travel & tourism industries. The virus outbreak enforced the governments of various countries to impose lockdown to reduce the spread of the virus. Thus, various companies are experiencing a down time, and has driven some companies to work remotely away from the office premise, leading to low productivity and ultimately low income.
The change in the forecast is primarily impacted by increased in usage of products and the increase in demand for the products in the pandemic. The retail prices of products is expected to grow, which will be evident in the period between 2021 and 2022, thereby supporting the recovery of the market.
Growing awareness about healthcare & fitness activities is anticipated to support antiseptics and disinfectants market growth,” says the author of this study. Apart from this, the growing trend of youth to prevent flu, viral, and bacterial infections are projected to steer the product demand.
Mounting awareness pertaining to benefits of antiseptics and disinfectants for annihilating deadly disease ailments are forecast to spur the demand for antiseptics and disinfectants. Furthermore, the rise in the number of surgeries, disposable incomes, and healthcare expenditure in developing as well as developed countries are predicted to boost the progress of antiseptics and disinfectants market.
Improvement in healthcare quality in some of the developing countries is expected to push the market growth. However, strict legislation, as well as the matured market of developed countries, can impede the development of antiseptics and disinfectants market.
|Report Attributes||Report Details|
|Report Name||Antiseptics and Disinfectants Market Size Report|
|Market Size in 2020||USD 7.5 Billion|
|Market Forecast in 2028||USD 13.3 Billion|
|Growth Rate||CAGR of 7.3%|
|Number of Pages||188|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Becton, Dickinson And Company, 3M Company, American Biotech Labs, Cardinal Health, and Angelini Pharma.|
|Segments Covered||By Products,By Application,and By Region|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Alcohol and Aldehyde hold the major share in the Antiseptics and Disinfectants market. In 2020, Alcohol and Aldehyde segment is likely added up for noteworthy share of the Antiseptics and Disinfectants market in terms of volume and value due to the pandemic. This is attributed to the rising demand for products in hospitals and clinics generally protects against contamination
Based on end users, the market is segmented into domestic and international. Domestic segment is likely to hold the major share in the market.
By End Users
The global Antiseptics and Disinfectants Market size was USD 7.5 Billion in 2020.
The global Antiseptics and Disinfectants Market size is expected to reach USD 13.3 Billion by 2028, growing at a CAGR of 7.3% between 2021 to 2028.
Some of the key factors driving the global Antiseptics and Disinfectants Market growth are rising Incidence of Hospital-Acquired Infection, growing Geriatric Population and Subsequent Growth in the Prevalence of Chronic Diseases, and increasing Number of Surgical Procedures.
North America dominated the antiseptics and disinfectants market in terms of revenue and is likely to continue its dominant position in the years ahead, states the market study. Presence of reputed hospitals and rising geriatric population is expected to further drive the antiseptics and disinfectants market regional growth.
Some of the major players of global Antiseptics and Disinfectants market includes North America dominated the antiseptics and disinfectants market in terms of revenue and is likely to continue its dominant position in the years ahead, states the market study. Presence of reputed hospitals and rising geriatric population is expected to further drive the antiseptics and disinfectants market regional growth.