According to the report, published by Zion Market Research, the global antiseptic and disinfectant market accounted for USD 5.55 billion in 2015 and is expected to reach USD 8.10 by 2021, growing at a CAGR of around 6.7% between 2016 and 2021.
Antiseptics and disinfectants are the class of chemical compound which are extensively used by hospitals and health care center for the topical and nonliving hard surface applications.
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Antiseptics are the chemical substances that are applied to living tissue to reduce the growth/spreadability of infection, sepsis, or putrefaction. Unlike antibiotics which work selectively on a specific target, antiseptics work on multiple targets and thus produces broader spectrum activity. Common antiseptics include alcohols, quaternary ammonium compound, boric acid etc. Disinfectants are the chemical substances that are used to apply on the nonliving object either to kill or prevent the growth of bacteria on the surface of objects.
- A disinfectant chemical used only on a nonliving object.
- Disinfectant cannot be applied to living tissue.
It is not necessary that disinfectant will kill all the microorganisms; killing microorganism by using disinfectant is also known as chemical sterilization.
Increasing awareness about the benefits of the antiseptics and disinfectant for controlling/extinction of various pandemic diseases is considered as a major driving factor of increasing demand for antiseptics and disinfectant market. Moreover, growing number of surgical procedures, healthcare expenditure, the rise in disposal incomes are also the factors which are directly responsible for fueling the growth of antiseptics and disinfectant market. Furthermore, rapid economic development of some developing countries is expected to improve access to quality healthcare which drives the growth of antiseptics and disinfectant market. However, stringent regulatory requirements coupled with the saturated market in developed economies are considered as a restraint for new entrants in the market.
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Based on the type, the global market for antiseptics and disinfectants is bifurcated into six types: alcohols and aldehydes, phenols and derivatives, biguanides and amides, quaternary ammonium compounds, iodine compounds and others. Alcohols and aldehydes were the leading segments followed by biguanides and quaternary ammonium compounds in terms of revenue generation in 2015 and it is expected to maintain its dominance throughout the forecast period. Whereas, together biguanides and quaternary ammonium compounds constitute over 27% of total antiseptics and disinfectant market share in 2015. This growth is mainly attributed due to the high demand of antiseptics and disinfectant in hospitals, fitness and gym, and another healthcare center.
Based on end-users, the global market for antiseptics and disinfectants is bifurcated into two types: domestic and institutional. The institutional segment was the leading segment in 2015 followed by a domestic end-users market. In an institutional segment, hospital and healthcare center had grown approximately threefold during the past decade and is expected to follow the same trend over the next 5 years. However, domestic purpose of antiseptics and disinfectants in developing countries like India and China is expected to fuel the growth of antiseptics and disinfectant market, which accounted for approximately above 20% of market share in 2015
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Based on geographies, the global market for antiseptic and disinfectants is bifurcated into five types: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. In terms of revenue, global antiseptic and disinfectant market was dominated by North America in 2015, followed by Europe. This growth is attributed to rising in awareness related to health care in this region. Europe accounted more than 38% of the global antiseptic and disinfectant market. Moreover, the surface disinfectant market has the huge opportunity in the emerging markets of Asia Pacific due to increasing standard of living, rising economy, healthcare awareness, medical tourism in this region. An emerging economy like Brazil is expected to fuel the growth in Latin America region.
Key market players of the antiseptic and disinfectant market include 3M Company, Abc Compounding, Advanced Sterilization Products, American Biotech Labs, Angelini Pharma Inc., Becton, Dickinson And Company, Bio-Cide International Inc., Cardinal Health and Carefusion Corp.
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