Antiseptics And Disinfectants Market by Type (Alcohol and Aldehyde, Phenols and Derivatives, Biguanides and Amides, Quaternary Ammonium Compounds, Iodine Compounds and Others) for Domestics, Institutional and Other End-Users - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021
Sarasota, FL -- (SBWIRE) -- 11/14/2017 -- Zion Research has published a new report titled "Antiseptics and Disinfectants Market by Type (Alcohol and Aldehyde, Phenols and Derivatives, Biguanides and Amides, Quaternary Ammonium Compounds, Iodine Compounds and Others) for Domestics, Institutional and Other End-Users – Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021" According to the report, 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.
Antiseptic is the chemical substances that are used to kill the pathogenic micro-organism in or on the surface tissue. Antiseptics mainly act by dissolving cell membranes, protein denaturation and cause dehydration of the cells due to evaporation. For example, chloroxylenol is a chlorinated phenolic antiseptic mostly active against gram-positive bacteria and used in lubricating cream for vaginal examination; used on obstetrical forceps etc.
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Disinfectants are chemical substances that are used to kill the pathogenic micro-organism in or on the surface of objects. Disinfectants mainly act by disruption of cell membranes and denaturation of proteins and enzymes of the cell. These chemical agents are very effective against vegetative gram-positive and gram-negative bacteria, mycobacteria and viruses. For example, lysol a phenol compound is used as a general disinfectant for domestic or hospital use like disinfection of floors, bathrooms, washbasins, organic waste such as sputum, faeces, urine, etc.
The most commonly used products in clinical practice today include povidone iodine, chlorhexidine, alcohol, acetate, hydrogen peroxide, boric acid, silver nitrate, silver sulfadiazine, and sodium hypochlorite.
The global antiseptics and disinfectants market was expected to witness high growth over the forecast period due to increasing percentage of hospitals and advanced health care facilities across the globe. Moreover, the rise in trend of the health club and fitness center are also expected to drive the antiseptics and disinfectants market. In addition, the keen interest of young generation towards precaution over the flu, bacterial and viral infections will probably increase the demand for antiseptics and disinfectants. However, stringent regulation and saturated market of developed economies may act as a restraint on the growth of the antiseptic and disinfectant market.
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On the basis of type, the global market for antiseptics and disinfectants is bifurcated into six types: alcohols and aldehydes, phenols and derivatives, bigunaides and amides, quaternary ammonium compounds, iodine compounds and others. In terms of revenue, alcohols and aledhydes, accounted for approximately above 35% of total antiseptics and disinfectants, market. Alcohols and aledhydes have the largest share of the market, worth USD 1.5 billion in 2011 at a CAGR of 7.9%. This is expected to reach approximately USD 2.2 billion in 2015 In addition, together bigunaides, amides and quaternary ammonium compounds have the second largest market share, generating USD 1.4 billion in 2015. Growing keen interest towards healthcare is another important driving factor that is expected to propel the antiseptic and disinfectant market.
In the end-user segment, institutional segment dominates the global antiseptic and disinfectant market. Globally, approximately more than 50% of the antiseptic and disinfectant market has been captured by institutional end-user segment. This growth is mainly attributed due to the presence of a large number of hospitals coupled with an increase in the number of medical professionals across the globe. Hospitals and healthcare segment is expected to experience significant growth within the forecast period due to the outbreak of infectious diseases such as swine flu and avian flu which has triggered the use of antiseptics and disinfectants products market in developing countries. Domestic use of antiseptics and disinfectant is also expected to experience significant growth due to increasing public awareness regarding the potential dangers of microbial infection infections.
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In terms of geography, North America was the largest market for antiseptics and disinfectants in 2015 in terms of revenue due to the presence of world-class hospitals and increase in a number of geriatric population in North America followed by Europe. Moreover, antiseptics and disinfectants market has a huge opportunity in emerging market like Asia Pacific, Latin America due to the rise in awareness and increase in disposable income. In addition, this region has an established customer base owing to the following of western lifestyle towards healthcare and technological advancements. Asia Pacific is a promising market and is expected to open gateways for new entrant for the manufacturer of antiseptics and disinfectants which will fuel the growth of antiseptics and disinfectants market.
Key market players of antiseptics and disinfectants 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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