Antiseptic and Disinfectant Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026

Published on : Nov-2019 | List of Tables : 39 | List of Figures : 61 | No. of Pages : 170 | Report Code : FACT4330MR |

Fast-track FDA Approvals Supporting Rampant Advancements in Antiseptic and Disinfectant Market

Amidst concerns about the growing disinfectant-tolerance of organisms, the antiseptic and disinfectant market is tracing an above-average growth trail. The availability of antiseptics and disinfectants in various formats - sprays, ointments, wipes, gels, and liquids - is increasing the convenience of use for end users. Besides this, there is a provision for fast-track FDA approval in North America for medical products that address an unmet medical need, intended to treat life-threating diseases, which is leading to the development of advanced products in the antiseptic and disinfectant market. However, the threat of disposable medical devices, albeit of a moderate level, could hamper the steady growth pace of the antiseptic and disinfectant market during the forecast period (2020 - 2026).

antiseptic and disinfectant market top segments

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Hydrogen Peroxide to Remain the Standard Product

The adoption of hydrogen peroxide is projected to record ~6% year-over-year growth in 2020 over 2019, in the antiseptic and disinfectant market. The popularity of this biocide for the formulation of antiseptics and disinfectants will increase, on the back of its availability in various concentrations. The growing demand for strong disinfectants to sterilize endoscopic tools is expected to retain the high demand for this product during the forecast period, on account of stringent infection-control regulations, especially in developed countries. However, with the wide use of hydrogen peroxide, there has been a rise in peroxide-tolerant organisms, which could shift the focus of end users towards other chemicals.

Besides hydrogen peroxide, there has been a spurt in the demand for alcohol-based disinfectants. Some central authorities have mandated practices for alcohol-based sterilization in hospitals, outpatient care centers, and ambulatory care centers to control surgical site infections (SSIs). The modern healthcare industry is achieving better surgical outcomes, thereby boosting patients’ confidence in surgeries. This is indicative of the sustainable sales opportunities for hydrogen peroxide- and alcohol-based products in the antiseptic and disinfectant market.

Partnerships with Healthcare Service Providers to Turn Conducive

Opportunities for manufacturers in the antiseptic and disinfectant market are projected to primarily arrive from healthcare service providers, estimated to drive sales tantamount to ~US$ 4 Bn by 2020. A rapid increase in budget allocation for sanitation products is being witnessed in the healthcare industry, given the sharp increase in the outbreak of viral infections.

The application of these products as decontaminants in detergents, coupled with the growing consciousness among individuals regarding personal hygiene, is serving as a thrust to the growth of the antiseptic and disinfectant market from the domestic sector. Significant opportunities in the hospitality industry also await manufacturers, as rise in the discretionary spending of consumers is creating commercial avenues for hotels, resorts, and restaurants. Progressive growth of the hospitality industry is creating horizontal market opportunities for the antiseptic and disinfectant market.

Among healthcare service providers, commercial users, and domestic users, it is recommended for market players to look at healthcare service providers as crucial end users. Manufacturers can establish supply partnerships with doctors, surgeons, physicians, and other medical professionals to gain long-term product supply opportunities.

antiseptic and disinfectant market opportunity analysis

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Significant Role of North American Central Authorities in Market Growth

High health consciousness among individuals of North America and surge in lawsuits against hospital-acquired infections (HAIs) are prime drivers of the antiseptic and disinfectant market in the region. Central authorities operating in the region are also amplifying efforts towards ensuring the safety of citizens. For instance, The Centers for Disease Control (CDC) has recommended the use of alcohol-based hand wash and soap products as primary and secondary means of sterilisation, respectively. Given the technological prowess of professionals in North America, the convergence of technology and the healthcare industry is paving the way for advanced medical equipment, which will require frequent reprocessing to prevent the spread of infection.

However, the antiseptic and disinfectant market is saturated in developed regions, which is instigating market players to benefit from lucrative opportunities present in developing regions. Advancements in healthcare services and changing perceptions regarding personal hygiene in developing countries of Asia Pacific are projected to increase the infiltration rate of antiseptics and disinfectants in the region. On the backdrop of this, the market in Asia Pacific will witness exponential growth in the global antiseptic and disinfectant market during the forecast period.

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Antiseptic and Disinfectant Market – Scope of the Study

The report on the antiseptic and disinfectant market is an extensive study published by Fact.MR, which unfolds crucial dynamics that are found to be influencing the growth of the landscape. This study offers insights on the growth of the antiseptic and disinfectant market, by analysing the historical data for the period of 2014 - 2019, and 2020 - 2026 as the forecast period. Estimation of the revenue of the antiseptic and disinfectant market has been carried out in terms of value (US$ Mn). This research highlights the key trends that hold the potential to influence the growth of the antiseptic and disinfectant market, along with crucial macroeconomic and microeconomic growth indicators. This insightful report focuses on the key dynamics, and their impact on the value chain, which are projected to influence the future growth of the antiseptic and disinfectant market.

The report also includes a detailed section dedicated to impeders that could challenge the growth of players in the antiseptic and disinfectant market. The report unfolds lucrative opportunities for market players, which they can leverage to consolidate their position in the global market. With a view to help manufacturers in the antiseptic and disinfectant market, the study comprises a detailed section on the competition analysis. The study has a dashboard view of the competitors, with a comprehensive comparison of players operating in the antiseptic and disinfectant market, based on total revenue, market presence, and key developments. Besides this, recent developments and key strategies of market players have also been included in this comprehensive study.

Antiseptic and Disinfectant Market – Assessment of Key Segments

Authors of the report have segmented the antiseptic and disinfectant market into key categories to study the market at a granular level. Crucial segments considered while estimating the growth of the antiseptic and disinfectant market include:

Product

End User

Region

Quaternary Ammonium Compounds

Healthcare Providers

North America

Chlorine Compounds

Commercial Users

Europe

Alcohols

Domestic Users

Asia Pacific

Aldehydes

 

Latin America

Phenolic Compounds

 

Middle East & Africa

Hydrogen Peroxide

 

 

Iodine

 

 

Silver

 

 

Others

 

 

Besides laying focus on the aforementioned key segments, the report also studies the antiseptic and disinfectant market at a country level to recalibrate the underlying opportunities available for players in the antiseptic and disinfectant market during the forecast period. Among all the estimated data, the report also includes Y-o-Y growth projections, which can help market players in comprehending the precise trajectory at which the antiseptic and disinfectant market has been growing.

Key companies profiled in this comprehensive study include Novartis AG, 3M Company, Johnson & Johnson, STERIS PLC, Getinge Group, Cardinal Health, Becton, Dickinson and Company, GlaxoSmithKline PLC, and Kimberly-Clark. This detailed report also offers key information on the operational strategies of these players, which can help stakeholders in the market reposition themselves by understanding the competition level in the antiseptic and disinfectant market.

Antiseptic and Disinfectant Market – Research Methodology

The antiseptic and disinfectant market has been estimated through a combination of primary as well as secondary research among key countries and regions, and is validated by applying the bottom-up and top-down approach. Secondary sources referred to for producing this study include Factiva, Morningstar, industry magazines, and company annual reports and publications. Moreover, extensive interviews have been conducted by our analysts, and the data and insights obtained therein have been used for validating the information of quantum dot display gained through secondary sources.

For assessing the size of the antiseptic and disinfectant market, on the basis of value, revenues generated by leading and prominent players, along with their production capacities, are taken into account. Backed by a robust research approach, authors of the study have taken ample care to offer detailed information on the antiseptic and disinfectant market.

Other qualitative as well as quantitative findings are collected through interviews conducted with industry participants, which includes Business Development Managers, Executives, CEOs, and Managers. This crucial information has been compiled by the authors while developing this resourceful report on the antiseptic and disinfectant market. In addition to this, secondary research has been conducted to ascertain the overall size of the antiseptic and disinfectant market.

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Antiseptic and Disinfectant Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026