Recent pandemic outbreak caused a panic to keep environment infection-free. This is providing a stimulus to the demand for antiseptics and disinfectants
Recent pandemic outbreak caused a panic to keep environment infection-free. This is providing a stimulus to the demand for antiseptics and disinfectants
Fact.MR, New York: Award winning market research company Fact.MR’s recent study on global antiseptic and disinfectant market projects an above-average growth rate through 2021 and beyond. Easy availability of antiseptics and disinfectants in various forms such as sprays, wipes and gels, is likely to propel the growth of antiseptics and disinfectants market. According to Fact.MR, rising adoption of hydrogen peroxide on account of stringent infection-control policies adopted by hospitals is expected to boost the demand of antiseptics and disinfectants.
Furthermore, surging demand for hydrogen peroxide as strong disinfectant to sterilize endoscopic tools is expected to enable growth in developed countries. Following the outbreak of COVID-19, manufacturers have long-term supply opportunities as hospitals and surgical centers are allocating high budgets to ensure an infection-free environment. These factors will continue propelling the growth of the market.
“Manufacturers are likely to gain from rapid increase in budget allocation towards sanitization across healthcare centers. These companies are adopting strategies such as product launches and collaborations in order to gain competitive advantage,” says the Fact.MR analyst.
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Key Takeaways
- Hydrogen peroxide is expected to remain dominant flourishing at a CAGR of 6% through 2021
- Alcohol and aldehydes are expected to emerge as potential segments over the forecast period
- In terms of end-users, burgeoning demand among domestic users are augmenting the sales
- United States is expected to be one of the most lucrative market through 2021 and beyond
- Germany is spearheading the growth in European antiseptic and disinfectant market
- Japan is likely to emerge as a potential market on the back of heavy demand from the hospital providers
Prominent Drivers
- Rising prevalence of hospital-acquired infections and increasing number of surgical procedure to improve the demand of antiseptic and disinfectant
- Increasing geriatric population and significant rise in infectious disease will propel the growth
Key Restraints
- Issues related to the disinfection and sterilization of advanced medical instruments is likely to limit the growth of antiseptic and disinfectant market
- Side effects associated of certain toxic substances may hamper antiseptic and disinfectant demand
Discover more about the antiseptic and disinfectant market with figures, data tables and the table of contents.
https://www.factmr.com/report/4330/antiseptic-and-disinfectant-market
Competitive Landscape
Novartis AG, 3M Company, Johnson & Johnson, STERIS PLC, Getinge Group, Cardinal Health, Becton Dickinson & Company, Whiteley Corporation, and Kimberly-Clark among others. Strategic collaborations with top players and new product launches remains the key focus of the aforementioned players.
For instance, Biosenta Inc., in June 2020, announced the launch of its disinfectant product called “True” in Canada.
Also, in March 2021, Evonik announced the increase in prices for Hydrogen Peroxide and Peracetic Acid of 8% marketed under brands HYPROX, CLARMARIN, DUROX and more in Europe, Middle East and Africa as of April 2021.
Also, in the wake of COVID-19, on 20th April 2020, Chemical Guys, a global leader in automotive cleaning and detailing products, announced the launch of new antibacterial hand soap and 80% alcohol based hand sanitizer.
More Insights on the Antiseptic and Disinfectant Market
In its latest report, Fact.MR offers unbiased analysis of the global antiseptic and disinfectant market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product (quaternary ammonium compounds, chlorine compounds, alcohols, aldehydes, phenolic compounds, hydrogen peroxide, iodine, silver, and others), end-user (healthcare providers, commercial users and domestic users), and across key regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
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Source: Fact.MR