Staff report
Grand View Research recently reported that the global antiseptic and disinfectant market size was valued at $29.15 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.49% from 2023 to 2030.
An increase in the prevalence of diseases such as typhoid, cholera, hepatitis A, food poisoning, and dengue, primarily due to lack of home cleanliness, is one of the major factors expected to drive antiseptics and disinfectants market growth.
Based on type, quaternary ammonium compounds segment held the largest market in 2022 with around 31.4% and is expected to witness considerable growth over the forecast period. Quaternary ammonium compounds are widely used as surface disinfectants in hospitals and laboratories. These compounds aid in controlling the spread of healthcare-associated infections (HAIs) in hospitals and clinics. In addition, it is also used for disinfecting medical equipment that comes into direct contact with skin. Rising incidence of hospital-acquired infections across the globe is likely to positively impact the segment growth. For instance, as per WHO, every year, 7 out of every 100 hospitalized patients in industrialized nations and 10 out of every 100 hospitalized patients in underdeveloped countries acquire at least one healthcare-associated infection.
The enzyme segment is anticipated to witness the fastest growth rate over the forecast period. Generally, enzyme-based antiseptics and disinfectants are used to control odor that are created by chemical processes. It is also commonly used in research facilities for cleaning enzyme-based or catalyst-based products. It’s used to clean testing kits in hospitals and clinics. The demand for these items is predicted to rise as the number of research facilities grows as a result of increased research and development spending around the world. For instance, as per Congressional Research Service, globally, total global research and development spending has more than tripled in current dollars since 2000, rising from $677 billion to $2.2 trillion in 2019, which is expected to boost the number of research laboratories owing to which segment is anticipated to grow over the forecast period.
Arizton recently reported that the health care disinfectants and sanitizers market was valued at $11.71 billion in 2021 and is expected to reach $21.78 billion by 2027, growing at a CAGR of 10.89%.
In 2021, disinfectants accounted for the major share in the global health care disinfectants and sanitizers market. These disinfectants are projected to have the highest incremental and absolute growth, during the forecast period.
Bell International Laboratories, a cosmetics manufacturer, increased the production of alcohol-based hand sanitizers.
IoT application in the health care industry helps incorporate the benefits of IoT technology and cloud computing, enabling transmitting a patient’s data from medical devices and numerous sensors to a given network in health care. IoT-based sanitizer stations were set up across health care facilities, including clinics, hospitals and nursing homes.
Disinfectants and sanitizers are a practical defense element against germ contamination in health care settings, mainly health care workers.
The Clorox Company focused its essential product, including disinfectants and sanitizer donations, to provide relief efforts in the fight against COVID-19.
Precedence Research reports that the global hospital surgical disinfectants market size was estimated at $402.19 million in 2022 and is projected to hit around $811.37 million by 2032, growing at a CAGR of 7.27% during the forecast period 2023 to 2032.
In 2022, the hospital sector held a revenue share of more than 46% of the market. Some of the main drivers propelling the hospital segment include an increase in surgical operations and the occurrence of infections. For instance, the CDC reports that approximately 1 in every 31 hospital patients had an infection. Using appropriate surgical disinfectants is crucial since it aids in stopping the spread of diseases. A report indicates that most hospitals and health care facilities are in Asia Pacific, fueling industry expansion.
Over the projection period, the ambulatory surgical centers segment is anticipated to increase profitably. Growing public awareness of one-day procedures is a crucial driver of the segment’s expansion. People in many nations choose ASCs since they are less expensive than hospitals for treatment due to the rising expense of medical operations. Due to the increased use of cutting-edge surgical equipment at ASCs, more people are being drawn to receive medical treatment there. Additionally, it is anticipated that the segment would be driven by an increase in the variety of operations that may be reimbursed. These elements should encourage the use of surgical disinfectants in ASCs, which will accelerate the segment’s expansion over the forecast period.
