With the presence of a large pool of participants, the Global Antiseptics And Disinfectants market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Becton, Dickinson And Company, 3M Company, American Biotech Labs, Cardinal Health, and Angelini Pharma are some of the key vendors of antiseptics & disinfectants across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development state the market study.
Citing an instance, research study findings published in the Journal of Medical Microbiology in August 2012 revealed that polyhexamethylene-guanidine hydrochloride based disinfectant referred as Akwaton has the ability to annihilate Bacillus subtilis spores at lower concentrations.
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As estimated in this report, the global antiseptics and disinfectants market stood at US$ 5.55 billion in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this market is expected to reach US$ 8.10 billion by the end of the forecast period. Alcohol and Aldehyde, Biguanides and Amides, Quaternary Ammonium Compounds, Phenols and Derivatives, and Iodine Compounds are some of the key antiseptics and disinfectants types available in the antiseptics and disinfectants market. Among them, the demand for alcohol and aldehyde is comparatively higher and the trend is projected to remain the same in the next few years, notes the research report.
The commonly used products available in the antiseptics and disinfectants market are povidone iodine, sodium hypochlorite, alcohol, hydrogen peroxide, silver sulfadiazine, chlorhexidine, boric acid, silver nitrate, and acetate.
Rising Number Of Hospitals And Advanced Healthcare Facilities To Propel Market Growth
“Growing awareness about healthcare & fitness activities is anticipated to support antiseptics and disinfectants market growth,” says the author of this study. Apart from this, the growing trend of youth to prevent flu, viral, and bacterial infections are projected to steer the product demand.
Mounting awareness pertaining to benefits of antiseptics and disinfectants for annihilating deadly disease ailments are forecast to spur the demand for antiseptics and disinfectants. Furthermore, the rise in the number of surgeries, disposable incomes, and healthcare expenditure in developing as well as developed countries are predicted to boost the progress of antiseptics and disinfectants market.
Improvement in healthcare quality in some of the developing countries is expected to push the market growth. However, strict legislation, as well as the matured market of developed countries, can impede the development of antiseptics and disinfectants market.
Presence of World Class Hospitals To Assist North America Continue Market Domination
In 2015, North America dominated the antiseptics and disinfectants market in terms of revenue and is likely to continue its dominant position in the years ahead, states the market study. Presence of reputed hospitals and rising geriatric population is expected to further drive the antiseptics and disinfectants market regional growth.
The global Antiseptics and Disinfectants Market is segmented as follows:
By End User
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