A recent report published by Infinium Global Research on Antiseptics and Disinfectants Market provides an in-depth analysis of segments and sub-segments in the global as well as regional Antiseptics and Disinfectants Market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional Antiseptics and Disinfectants Market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global Antiseptics and Disinfectants Market. According to the report, the global Antiseptics and Disinfectants Market is estimated to be nearly worth USD 25 Billion in 2020 and projects that the market will reach a value of over USD 37 Billion in 2026, growing at a CAGR of 6.8% over the forecast period of 2020-2026.
Antiseptics and Disinfectants are used for various purposes by various users. They are used for medical, and commercial purposes by hospitals, clinics, fitness centers, households, offices, and others. Domestic Antiseptics and Disinfectants though used for a single purpose are both used in different ways. Antiseptics are on human body parts such as skin while Disinfectants are used on surfaces of things. Antiseptics limit the number of micro-organisms on the skin reducing their risk of entering the human body. Cell walls of the organisms are targeted by antiseptics thus killing them instantly. The antiseptics are used for washing of hands, disinfection of mucous membranes, cleansing skin before medical procedures, treatment of skin infections and throat infections. Disinfectants also operate in a similar manner as that of antiseptics. The only difference is that they are used on nonliving surfaces. They can be used to sterilize homes, medical equipment, and others.
In recent times Covid-19 pandemic catapulted the demand for antiseptics and disinfectants. The other major drivers of the market were increasing awareness regarding personal hygiene and surroundings. The prevalence of other diseases such as cholera, typhoid, and others led to this increased awareness. Maintaining personal hygiene and that of surrounding were dimmed fit by people in order to prevent these diseases and avoid costly medical treatments. Increasing cases of Hospital or healthcare-associated infections (HAI) all over the world. This surge in HAI cases is causing a rise in demand for both antiseptics and disinfectants. Disinfectants are used by hospitals to sterilize their medical equipment and facilities. As the world population is increasing rapidly so does the number of hospitals to provide medical facilities to this increased population. Also, the number of fitness centers is increasing. Thus, this increase means an increased requirement of antiseptics and disinfectants which is also driving the market. The existence of regulations over chemicals and other ingredients that go into the making of these antiseptics and disinfectants is expected to hinder the growth of the market. The increased research and development of new products are anticipated to provide new opportunities.
North America region is expected to dominate the market. Europe and Asia-Pacific are expected to be the second and third largest segment of the market respectively. The prevalence of HAI in the North American region increased awareness regarding personal hygiene, and the presence of a large number of hospitals are some of the reasons for its dominance in the market. Asia-Pacific is expected to experience significant growth over the forecast period owing to the improving medical infrastructure and usage of products by the tremendous population in the region.
The report on the global Antiseptics and Disinfectants Market covers segments such as type, application, distribution channel, and end user. On the basis of type, the sub-markets include quaternary ammonium compounds, chlorine compounds, chlorine compounds, and others. On the basis of application, the sub-markets include enzymatic cleaners, medical device disinfectants, and others. On the basis of distribution channel, the sub-markets include FMCG and b2b. On the basis of end user, the sub-markets include medical, domestic, and others.
The report provides profiles of the companies in the market such as 3M Co, Reckitt Benckiser Group plc, The Procter & Gamble Co, STERIS Plc, 3 Becton, Dickinson and Company, Nufarm Limited, Kimberly-Clark Corporation, Cardinal Health, and Novartis AG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the Antiseptics and Disinfectants Market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.