(MENAFN- GlobeNewsWire - Nasdaq) Growing need for specialized disinfection solutions in sectors like transportation and pharmaceuticals fuels market expansion.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Oct. 17, 2024 (GLOBE NEWSWIRE) -- The global antiseptic and disinfectant market (방부제 및 소독제 시장) is estimated to flourish at a CAGR of 7.0% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for antiseptic and disinfectant is estimated to reach US$ 61.2 billion by the end of 2031.
A prominent catalyst is the rise of antimicrobial resistance (AMR), where pathogens develop resistance to traditional antimicrobial agents. This escalating challenge underscores the demand for advanced formulations and strategies to combat resistant strains effectively. Collaborative efforts between researchers, healthcare providers, and industry players are thus crucial in developing innovative solutions.
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Some prominent players are as follows:
Novartis AG 3M Johnson & Johnson STERIS plc Getinge Group Cardinal Health BD Whiteley Corporation Kimberly-Clark
The increasing prevalence of healthcare-associated infections (HAIs) has intensified the focus on infection control measures, spurring demand for potent antiseptics and disinfectants in diverse settings beyond traditional healthcare facilities. Industries such as food processing, hospitality, and transportation are increasingly adopting stringent hygiene protocols to mitigate infection risks, further propelling market growth.
The COVID-19 pandemic has emphasized the importance of rapid and effective disinfection methods in various sectors, leading to a surge in demand for antimicrobial products with proven efficacy against SARS-CoV-2 and other emerging pathogens. As organizations prioritize cleanliness and safety, there's a growing need for versatile disinfection solutions suitable for diverse surfaces and environments, driving innovation in the antiseptic and disinfectant market.
Key Findings of the Market Report
Quaternary ammonium compounds dominate the antiseptic and disinfectant market due to their broad spectrum effectiveness and safety for various applications. Healthcare providers lead the antiseptic and disinfectant market due to strict hygiene standards and increased demand for professional-grade products. North America leads the antiseptic and disinfectant market due to high healthcare standards, stringent regulations, and heightened consumer awareness.
Antiseptic and Disinfectant Market Growth Drivers & Trends
Increasing knowledge about hygiene and infection prevention drives demand for antiseptics and disinfectants, especially amidst global health concerns like pandemics. Innovative formulations and delivery methods enhance efficacy and convenience, attracting consumers towards newer antiseptic and disinfectant products. Growing healthcare infrastructure and stringent regulations on infection control fuel demand for professional-grade antiseptics and disinfectants in hospitals and clinics. Rising environmental consciousness prompts the market to shift towards sustainable and biodegradable antiseptics and disinfectants, meeting consumer preferences for greener alternatives. Increasing urbanization, industrialization, and healthcare investments in developing regions drive the adoption of antiseptics and disinfectants, presenting lucrative growth opportunities for market players.
Global Antiseptic and Disinfectant Market: Regional Profile
North America commands a significant share, driven by stringent infection control protocols, advanced healthcare infrastructure, and high awareness levels regarding hygiene. Key players in this region, including Procter & Gamble and Clorox, leverage technological advancements to develop innovative products catering to healthcare facilities, households, and commercial sectors. In Europe , stringent regulatory standards and robust healthcare infrastructure propel market growth. Companies such as Reckitt Benckiser and Ecolab dominate the landscape, offering a wide range of antiseptic and disinfectant solutions compliant with European Union regulations. Increasing focus on sustainability and eco-friendly products drives innovation and market expansion. Asia Pacific emerges as a lucrative market, fueled by rapid urbanization, rising healthcare expenditure, and growing awareness of infection control measures. With diverse consumer preferences and regulatory frameworks across countries, market players like 3M Company and Dettol tailor their strategies to meet local demands while ensuring product quality and safety. The COVID-19 pandemic has accelerated market growth in the region , with heightened emphasis on hygiene driving demand for antiseptic and disinfectant products across healthcare, hospitality, and residential sectors.
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Antiseptic and Disinfectant Market: Competitive Landscape
The antiseptic and disinfectant market thrives amidst intense competition driven by increasing demand for infection control solutions across diverse sectors. Key players such as Procter & Gamble, 3M Company, and Reckitt Benckiser dominate the market with a wide array of products catering to healthcare, household, and industrial needs.
Innovative startups and regional players continually emerge, introducing niche products and disrupting traditional market dynamics. Competitive strategies revolve around product differentiation, pricing, and geographical expansion, with an emphasis on efficacy, safety, and regulatory compliance. As the global focus on hygiene intensifies, competition in the antiseptic and disinfectant market is poised to escalate further.
Product Portfolio
STERIS plc offers a comprehensive portfolio of infection prevention and sterilization products, including sterilizers, surgical tables, and environmental monitoring systems. With a focus on patient safety and healthcare efficiency, STERIS delivers innovative solutions trusted by hospitals and healthcare facilities worldwide. Getinge Group specializes in providing advanced medical technology solutions, including surgical equipment, patient lifting systems, and infection control products. Committed to improving healthcare outcomes, Getinge's comprehensive portfolio encompasses solutions for operating rooms, intensive care units, and sterilization departments, ensuring optimal patient care.
Antiseptic and Disinfectant Market: Key Segments
By Product
Quaternary Ammonium Compounds Chlorine Compounds Alcohols Aldehydes Phenolic Compounds Hydrogen Peroxide Iodine Silver Others
By End User
Healthcare Providers Commercial Users Domestic Users
By Region
North America Europe Asia Pacific Latin America Middle East & Africa
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