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I AgreeAnalysis of Antiseptic and Disinfectant market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global antiseptic and disinfectant market is worth US$ 24 billion in 2022 and is predicted to surge ahead at a CAGR of 17.2% with a valuation of US$ 117.5 billion by 2032.
Rising concerns regarding health and hygiene will have a positive impact on antiseptic and disinfectant market growth across the world.
Report Attributes |
Details |
---|---|
Antiseptic and Disinfectant Market Size in 2021 |
US$ 21 Billion |
Estimated Market Value in 2022 |
US$ 24 Billion |
Forecasted Market Value (2032F) |
US$ 117.5 Billion |
Global Market Growth Rate (2022-2032) |
17.2% CAGR |
North America Market Share (2021) |
~33.2% |
East Asia Market Growth Rate (2022-2032) |
~18.1% CAGR |
United States Market Growth Rate (2022-2032) |
~15.9% CAGR |
Market Share of Top 5 Companies |
~32.4% |
Key Companies Profiled |
|
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
The global market for antiseptics and disinfectants expanded at a CAGR of 22% over the historical period (2017 to 2021).
Antiseptics and disinfectants have wide applications in healthcare, domestic, and commercial settings. In addition, the outbreak of COVID-19 had a positive impact on the global antiseptic and disinfectant market.
Antiseptics and disinfectants are in high demand in the medical care sector as a result of an increase in hospital-acquired infections. Sales are anticipated to rise quickly as a result of the escalating demand from emergency clinics.
Since the 21st century, antiseptics and disinfectants have been utilized extensively to maintain hygiene. Also, manufacturers are following the trend of organic and natural antiseptics and disinfectants to gain higher customer attention in the future.
With rising cases of viral and communicable diseases, people's reliance on antiseptic and disinfection products is growing. Furthermore, there is a high level of faith in these products among the general public. These factors will amplify the demand for antiseptics and disinfectants over the decade.
Fact.MR predicts that the global antiseptic and disinfectant market will be valued at US$ 117.5 million by 2032-end, expanding at a CAGR of 17.2%.
From 2017 to 2021, sales of antiseptics and disinfectants increased at a CAGR of 22%. As per the latest study by Fact.MR, a market research and competitive intelligence provider, the industry is projected to progress at 17.2% CAGR through 2032.
Market share analysis of antiseptics and disinfectants based on product type and region. Under the product type segment, hydrogen peroxide leads with 21.3% market share in 2022.
“Intensifying Hygiene Concerns Will Drive Revenue of the Market”
The antiseptic and disinfectant market has observed significant growth owing to the spreading of infectious diseases and related hygiene concerns among the global population. Infectious diseases such as SARS, Zika, Ebola, Swine flu, and the recent COVID-19 outbreak have generated a high need for the use of antiseptics and disinfectants. Naturally, individuals have become more conscious about maintaining their personal and communal hygiene.
Additionally, government initiatives to increase public knowledge about the advantages of utilizing antiseptic and disinfection products have also aided in boosting product sales. Across nations, governments began distributing hand sanitizer gratis to boost customers' trust in various brands. Consequently, growing consumer confidence in branded goods is a prominent factor driving industry expansion.
“Rising Per Capita Expenditure Benefitting Antiseptic & Disinfectant Sales”
Sales of antiseptics and disinfectants among emergency clinics and family buyers will be stimulated by rising investments in better medical care. Since the novel coronavirus struck, people became more interested in hygiene and disinfection products. In addition, since the COVID-19 outbreak, the per capita use of medical services steadily climbed, which, in turn, increased the sales of these products.
Additionally, the target market will expand during the projection period owing to the aging population's admittance to hospitals, the high rate of surgical treatment in clinics, and the increasing prevalence of infectious diseases across the world.
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“Stringent Formulation Requirements May Hamper Sales of Antiseptics & Disinfectants”
Standards established by regulatory agencies for disinfectants are not always met by the products in the market.
In general, disinfectants and antiseptics used on environmental surfaces are subject to EPA regulations, but not those that are used on critical or semi-critical medical devices. Such stringent regulations may affect the sales of antiseptics and disinfectants across geographies.
As such, manufacturers need to invest in R&D to meet these standard requirements regarding formulations and deliver safe and quality products to customers.
According to Fact.MR, North America is expected to continue being one of the most appealing regions for the target market during the projection period. One of the key drivers for market expansion is the high healthcare spending in the United States. As per the analysis, total healthcare spending increased to US$ 4.3 trillion in 2021, which was higher than the 4% GDP-measured growth of the U.S. economy as a whole.
Moreover, the use of personal protective equipment and making sure to practice social isolation, floor disinfection, and hand sanitization have become essential. The usage of surface disinfectants by end users has increased along with the government's growing commitment to maintaining a clean environment.
Sales of antiseptics and disinfectants are expected to grow significantly in Asian markets, with China and India projected to continue to lead the way. These nations will likely account for close to 65% share of the Asian market.
Rapid population growth has increased the occurrence and transmission of various diseases, forcing the healthcare sector to make major investments in antiseptics and disinfectants to slow down disease spread. Such investments and upsurge in demand have provided a great foothold to key antiseptic and disinfectant manufacturers.
The Asian market for antiseptics and disinfectants has reached a valuation of US$ 6.5 billion in 2022.
Antiseptics and disinfectants are widely used in hospitals, especially to protect healthcare providers. Disinfectants play a major role in hospitals to avoid the spreading of various diseases.
Furthermore, healthcare workers come into daily contact with a variety of microorganisms. Therefore, it is believed that disinfection is crucial for ensuring a clean environment where germs cannot thrive. For better patient care, disinfection is also regarded as essential. These elements are driving up demand for antiseptics and disinfectants in hospitals and clinics.
As such, the target product for healthcare providers holds a majority share of 55.1% in 2022.
Hydrogen peroxide is one of the disinfectants that are known to be the safest for both human health and the environment and is expected to hold a market share of 21.8% by the end of 2032.
Demand for hydrogen peroxide is growing as more people become aware of its effectiveness against a variety of microorganisms. Additionally, the entirely volatile cleaning and disinfection process that is quick and efficient has increased the need for hydrogen peroxide disinfectant treatments.
Prominent antiseptic and disinfectant manufacturers are 3M, Reckitt Benckiser, Kimberly-Clark Corporation, Cardinal Health, Bio-Cide International, BD, STERIS plc, Johnson & Johnson, and Sceptre Medical India.
Companies are striving to produce sustainable goods that increase safety and efficiency while minimizing waste, energy use, and environmental effects. Furthermore, to enhance and strengthen their geographic presence in the global market, leading players in the sector are forming strategic alliances and partnerships with other companies.
Fact.MR has provided detailed information about the price points of key manufacturers of antiseptics and disinfectants positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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The global antiseptic and disinfectant market is valued at US$ 24 billion in 2022.
Sales of antiseptics and disinfectants are anticipated to reach US$ 117.5 billion by 2032-end.
From 2017 to 2021, consumption of antiseptics and disinfectants increased at 22% CAGR.
North America leads the global antiseptic and disinfectant market with 33.2% share.
Hydrogen peroxide is most widely utilized and accounts for 21.3% market share.