Antiseptics And Disinfectants Market Size Worth $105.4 Billion By 2028: Grand View Research, Inc.

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Feb 09, 2021, 04:05 ET

SAN FRANCISCO, Feb. 9, 2021 /PRNewswire/ -- The global antiseptics and disinfectants market size is expected to reach USD 105.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.8% from 2021 to 2028. Increasing use of endoscope reprocessors and surgical units, and rising prevalence of hospital-acquired infections are the key driving factors for the market.

Key suggestions from the report:

In terms of revenue, the quaternary ammonium compounds segment held the largest revenue share in 2020 owing to rising incidence of healthcare-associated infections and increasing number of hospitals across the globe
The enzymatic cleaners segment is expected to witness the fastest growth over the forecast period. The growth of this segment can be attributed to the increasing number of hospitals in developing countries
The hospital segment is expected to witness the fastest growth rate over the forecast period. Increasing number of hospitals in developing countries is expected to propel segment growth
The B2B held the largest revenue share in 2020 owing to the rising end users opting for this sales channel across the globe
In Asia Pacific, the market is expected to witness the fastest growth over the forecast period owing to the rising prevalence of cardiovascular, neurology, and urology disorders

Read 90 page research report with ToC on "Antiseptics And Disinfectants Market Size, Share & Trends Analysis Report By Type, By Product, By End Use (Hospitals, Clinics), By Sales Channel (FMCG, B2B), By Region, And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/antiseptics-and-disinfectants-market

Increasing cases of HAIs due to lack of sanitation and precaution is a key factor anticipated to propel 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 published 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.

Such cases are expected to increase the demand for antiseptics and disinfectants. Application of disinfectant solutions in hospitals and clinics generally protects against contamination and lowers risk of acquiring HAIs. They can also be used to eliminate bacteria and microbes before they can enter a patient's body. Such solutions are required in hospitals to maintain proper hygiene and sanitation, thereby lowering the risk of HAIs, which is anticipated to propel market growth over the forecast period.

Grand View Research has segmented the global antiseptics and disinfectants market on the basis of type, product, end use, sales channel, and region:

Antiseptics & Disinfectants Type Outlook (Revenue, USD Million, 2016 - 2028)

Quaternary Ammonium Compounds
Chlorine Compounds
Alcohols & Aldehyde Products
Enzyme
Others

Antiseptics & Disinfectants Product Outlook (Revenue, USD Million, 2016 - 2028)

Enzymatic Cleaners
Medical Device Disinfectants
Surface Disinfectants

Antiseptics & Disinfectants End-use Outlook (Revenue, USD Million, 2016 - 2028)

Hospitals
Clinics
Others

Antiseptics & Disinfectants Sales Channel Outlook (Revenue, USD Million, 2016 - 2028)

B2B
FMCG

Antiseptics & Disinfectants Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America

U.S.
Canada

Europe

U.K.
Germany

Asia Pacific

Japan
China

Latin America

Brazil
Mexico

MEA

South Africa
Saudi Arabia

List of Key Players of Antiseptics And Disinfectants Market

3M
Reckitt Benckiser
STERIS plc
Kimberly-Clark Corporation
Bio-Cide International
Cardinal Health
BD
Johnson & Johnson

Find more research reports on Medical Devices Industry, by Grand View Research:

U.S. Surface Disinfectant Market – The U.S. surface disinfectant market size is anticipated to reach USD 1.9 billion by 2027 registering a CAGR of 9.2% from 2020 to 2027. The high prevalence of healthcare-associated infections in the country is estimated to drive market growth..
Chlorine Market – Chlorine serves as an important raw material in various chemical industries. It is also an essential ingredient for PVC production, which has observed increasing demand in the construction, automotive, and packaging industries. These factors are anticipated to drive the global market.
Skin Antiseptic Product Market – Rising incidences of Hospital-Acquired Infections (HAIs) and increasing usage of surgical units and endoscope reprocesses are the key driving factors for the market. Rising number of surgeries being performed is also expected to drive the market over the forecast period.

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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.