Global Antiseptic and Disinfectant Market to Expand with Improved Safety Standards across Healthcare
Antiseptic products of various types have glutted global markets. The growing consciousness of the masses towards healthier and disease-free lifestyles has given a thrust to the popularity of antiseptic products. The opinions of medical professionals and researchers have gained more weight in recent times. Hence, antiseptic product manufacturers are relying on the word of these researchers to increase the volume of their manufacturing operations. Research initiatives related to antiseptic products has played a vital role in the growth of the global market.
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Reviews of food handler antiseptics have played a crucial role in deciding the growth graph of the global antiseptic and disinfectant market. Moreover, growing importance of safety across the healthcare industry has also generated huge-scale revenues in the global antiseptic and disinfectant market.
Transparency Market Research (TMR) gauges the growth potential of the global antiseptic and disinfectant market. The key findings of TMR’s research have been explained in this blog.
Availability of New Specialised Antiseptic Products
Apart from the expansive use of antiseptics and disinfectants in the healthcare industry, the residential sector has also become a key user of antiseptic products. The use of antiseptic dishwasher liquids and cleaning oils across houses has played a vital role in market growth. Moreover, shift from generic standards of cleaning to specialised practices across the industrial sector has also propelled market demand.
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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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Asia Pacific to Emerge as a Key Regional Market
On the basis of geography, the global antiseptic and disinfectant market can be segmented into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. The antiseptic and disinfectant market in Asia Pacific is growing alongside administration of improved safety practices across the healthcare sector.
Companies such as 3M Company, Novartis Ag, Johnson & Johnson, STERIS plc, Getinge Group; and Cardinal Health accounted for a major share of the global antiseptic and disinfectant market in 2016. In 2009, 3M Company launched surgical hand antiseptic to add new hand hygiene formulations to reduce the risk of healthcare-associated infections.
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Some of the key players operating in the global antiseptic and disinfectant market are Whiteley Corporation, Dickinson And Company, Becton, and Kimberly-Clark.
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