Antiseptic and Disinfectant Market worth US$ 10.6 Bn By 2026

Antiseptic and Disinfectant Market - Snapshot

The global antiseptic and disinfectant market is expanding owing to with increasing number of infectious diseases across the globe. The global antiseptic and disinfectant market was valued at more than US$ 6.3 Bn in 2017 and is projected to surpass US$ 10.6 Bn by 2026, expanding at a compound annual growth rate (CAGR) of more than 6.0% from 2018 to 2026.

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The global market is witnessing expansion at a relatively higher growth rate owing to increasing expenditure on health care, high incidences of hospital acquired infectious diseases, and, rising awareness about home cleanliness and the need for disinfection. Antiseptic and disinfectant are considered as crucial components of infection control. Antiseptic and disinfectant are utilized to keep humans or non-living things germ-free. Antiseptic is a medicine used by humans and animals to protect themselves from germs, or eliminate existing microorganisms in their bodies. While, disinfectants are cleansing substances that are utilized on the non-living things such as in houses and household products.

Antiseptic and disinfectant aids patients suffering from different infections to improve overall operational efficiency as well as patient care. The high prevalence and incidence rates of hospital acquired diseases, increased focus on hygiene, and rising concerns over the spread of infectious diseases in both residential and commercial/industrial spaces/healthcare units, have led to an increase in patient flow to private clinics and hospitals.

These factors, collectively, are projected to increase the demand for antiseptics and disinfectants in the near future. Furthermore, technological advancements such as increasing usage of endoscope reprocessors and surgical units with automated disinfectant sprayers are estimated to fuel the antiseptic and disinfectant market in the near future.The global antiseptic and disinfectant market can be broadly segmented based on product, end-user, and region. In terms of product, the global market can be classified into quaternary ammonium compounds, chlorine compounds, alcohols,

aldehydes, phenolic compounds, hydrogen peroxide, iodine, silver, and others. The hydrogen peroxide segment accounted for a key share (in terms of revenue) of the global market in 2017. Aldehydes and phenolic compounds segments are estimated to expand at a significant growth rate during the forecast period. These segments are estimated to gain considerable market share by the end of 2026. Phenolic compounds offer several advantages over hydrogen peroxide and hence, phenolic compounds is increasingly gaining popularity among health care providers, commercial users, and domestic users.

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In terms of end-user, the global antiseptic and disinfectant market can be segregated into healthcare providers, commercial users, and domestic users. The healthcare providers segment dominates the global market and is likely to maintain its dominance, and gain market share marginally, by the end of 2026. Increasing number of surgeries is likely to boost the frequency of usage of medical instruments, increasing incidences of hospital-acquired infections, and increase in per capita income on healthcare expenditure are few value added features that are likely to drive the antiseptic and disinfectant market. Increasing number of hospitals in emerging economies has led to the prominent share of the global market held by the segment. The commercial users segment of the antiseptic and disinfectant market is likely to expand at a prominent CAGR during forecast period due to antiseptic & disinfectant efficacy against most vegetative bacteria and enveloped viruses and fungi.

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