A rising demand to disinfect hospitals to restrict the spread of germs and infections are driving the demand for the market.
Market Size – USD 17.97 Billion in 2019, Market Growth - CAGR of 6.6%, Market Trends – Increasing incidence of COVID-19.
New York, December 09, 2020 - The global Antiseptics and Disinfectants Market is forecasted to reach USD 30.17 Billion by 2027, according to a new report by Reports and Data. The market for antiseptic and disinfectant is witnessing increased demand due to the rise in the number of hospital-acquired infections (HAIs). Moreover, the rise in the infectious virus has also created a demand for the product.
The growing awareness among people regarding the benefits of the market and advancement in technology has spurred the demand for antiseptic and disinfectant products. The surge in the number of surgeries has also impacted market growth.
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The report provides a complete analysis of the global Antiseptics and Disinfectants market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.
The key companies profiled in the market are:
Reckitt Benckiser Group plc. Kimberly-Clark Corporation, Cardinal Health, Johnson & Johnson, 3M, STERIS Plc, Bio-Cide International, Inc., Novartis AG, Becton, Dickinson and Company, and Nufarm Limited
Further key findings from the report suggest
- Chlorine compounds are used to disinfect surface areas, medical equipment, and bleaching materials. This type of antiseptics and disinfectants are commonly used as they are easily available and cost-effective. Chlorine compounds are extensively used in both the medical and the food industry.
- Surface disinfectant is expected to grow at the fastest CAGR during the forecast period. The physical environment plays a very important role in the transmission of disease, and advanced technologies are used in healthcare facilities to reduce surface disinfection. Ultraviolet surface disinfection is being regarded as one of the novel technologies with ample potential.
- Hospitals held a large share in the forecast period. The risk of acquiring HAIs is high, and facilities have to maintain a clean, hygienic environment for the patient to recover. Furthermore, growth in healthcare budgets has also propelled the demand for these products.
- North America has the highest adoption rate of the antiseptics and disinfectants market owing to the high disposable income and high level of awareness. Additionally, the presence of major market players in the region has also encouraged the growth of the market.
- Key participants include Reckitt Benckiser Group plc. Kimberly-Clark Corporation, Cardinal Health, Johnson & Johnson, 3M, STERIS Plc, Bio-Cide International, Inc., Novartis AG, Becton, Dickinson and Company, and Nufarm Limited, among others.
For the purpose of this report, Reports and Data has segmented into the Global Antiseptics and Disinfectants Market on the basis of type, product type, end-use, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Chlorine Compounds
- Quaternary Ammonium Compounds
- Alcohols & Aldehyde Products
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Medical Device Disinfectants
- Enzymatic Cleaners
- Surface Disinfectants
End-Use Outlook (Revenue, USD Billion; 2017-2027)
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The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Antiseptics and Disinfectants market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
In-depth regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Antiseptics and Disinfectants market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Antiseptics and Disinfectants market size
2.2 Latest Antiseptics and Disinfectants market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Antiseptics and Disinfectants market key players
3.2 Global Antiseptics and Disinfectants size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Antiseptics and Disinfectants market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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