Antiseptics And Disinfectants Market Set to Witness an Uptick during 2022 to 2030

Posted by Mrudula Anil Karmarkar on October 12th, 2022

The global antiseptics and disinfectants market size is anticipated to reach USD 63.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2022 to 2030. Key factors driving the market expansion include technological advancements in antiseptics and disinfectants along with increasing use of endoscope reprocessors and surgical units. The current COVID-19 outbreak is expected to have a substantial impact on the market. The pandemic has resulted in a significant surge in demand for emergency supplies, hospital equipment, medicines, and medical disposables. According to Eurostat in 2020, extra-EU exports and imports of COVID-19 related products increased by 5.5 % and 10.4 % respectively, compared to 2022.

Additionally, EU extra- imports of protective oxygen and garments equipment recorded the highest increase (respectively by 38.7% and 40.3 % compared with 2022) amongst COVID-19 related products, followed by sterilization products (19.1 %) and. diagnostic equipment (19.2 %). However, the highest increases for EU- extra- exports were recorded for diagnostic testing equipment (14.9%), and sterilization products (16.0 %). As a result, market growth is expected to accelerate in the near future. Furthermore, the global market for antiseptics and disinfectants is consolidating due to the rising popularity of medical equipment along with the increased research collaboration and agreements between diverse manufacturers. For instance, in June 2021, Bactiguard and Schülke & Mayr GmbH, a German company, agreed to distribute Bactiguard's wound care solutions exclusively to German hospitals. The agreement allows schülke to add Bactiguard's hypochlorous acid-based portfolio to its existing antiseptic and wound-care product line which will, in turn, push the market scale during the study period.

An increase in the prevalence of diseases such as typhoid, cholera, hepatitis A, food poisoning, and dengue, primarily due to lack of home cleanliness, is one of the major factors expected to drive market growth. For instance, as per a report published by WHO in 2022, Over the last two decades, the number of dengue cases reported to WHO has surged by more than 8-fold, from 505,430 cases in 2000 to over 2.4 million in 2010, and 5.2 million in 2022. Such diseases are mainly caused by viruses, bacteria, and germs, which thrive in unhealthy home environments and unhygienic toilets, latrines, and kitchens.

The application of antiseptic and disinfectant solutions is, therefore, an essential requirement to maintain home cleanliness. Such solutions prevent the growth of harmful bacteria and viruses, reducing the chance of acquiring these diseases. Hence, an increase in awareness about home cleanliness is anticipated to propel the market for antiseptics and disinfectants over the forecast period. The current COVID-19 outbreak is expected to have a substantial impact on the market for antiseptics and disinfectants. The COVID-19 pandemic, as well as an overall increase in hospital admissions around the world, has boosted the demand for medical disposables.

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To meet the rising worldwide demand for cleaning, deodorizing, and disinfecting in high-traffic facilities, including office buildings, hotels, schools, nursing homes, and hospitals due to the COVID-19 outbreak, the WHO has urged industry and governments to expand the production of antiseptics and disinfectants. For instance, according to the German Federal Statistical Office, in 2020, demand for disinfectants has risen in the aftermath of the coronavirus pandemic, for example, 80% more hygiene products were produced in Germany between January and September 2020 than in the same period last year. Additionally, antiseptics and disinfectants manufacturing companies use unique and new technologies to design, produce, and sell products to diverse end customers based on the amount of protection required for distinct job risks.

Antiseptics And Disinfectants Market Report Highlights

• In terms of revenue, the quaternary ammonium compounds held the largest share of around 31.4% in 2021, owing to the rising incidence of healthcare-associated infections and the increasing number of hospitals across the globe
• The enzymatic cleaners segment is expected to witness the fastest CAGR of 10.5% 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 of 10.6% over the forecast period. The increasing number of hospitals in developing countries is expected to propel segment growth
• In terms of revenue, the B2B segment held the largest share of around 65.1% in 2021, 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 CAGR of 10.9% over the forecast period, owing to the rising prevalence of cardiovascular, neurology, and urology disorders

The growing number of surgeries globally is also a key factor expected to drive the market growth over the forecast period. For instance, as per the Mölnlycke Health Care AB, 70.00 million surgical procedures are performed every year in Europe. Similarly, according to the Healthcare Cost and Utilization Project (HCUP), in 2018, more than 9,942,000 surgeries were performed in the U.S. within ambulatory care settings. In the case of surgeries, the use of antiseptics and disinfectant products is one of the essential requirements in hospitals, clinics, and ambulatory surgery centers. Therefore, such instances are expected to drive the market for antiseptics and disinfectants.

Key players are involved in adopting strategies such as mergers and acquisitions, partnerships, and launching new products to strengthen their foothold in the market for antiseptics and disinfectants. Key players are entering into mergers and acquisitions to increase their market share and customer base across the globe. For instance, in January 2021, Cantel Medical Corporation was acquired by STERIS through a subsidiary in the U.S. Cantel is a global provider of infection prevention services and products, with a focus on dental and endoscopic customers. Thus, this in turn is projected to boost the market growth. Moreover, in June 2018, Fortive Corporation made a binding bid to buy Johnson & Johnson's Advanced Sterilization Products business, which is part of Ethicon, Inc.

Some of the prominent players in the antiseptics and disinfectants market include:

• 3M
• Reckitt Benckiser
• Steris Plc
• Kimberly-Clark Corporation
• Bio-Cide International, Inc.
• Cardinal Health
• BD
• Johnson & Johnson