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The global Antiseptic And Disinfectant Market size is anticipated to reach USD 63.12 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.49% from 2023 to 2030. Key factors driving the market expansion include technological advancements in antiseptics and disinfectants along with increasing use of endoscope reprocessors and surgical units. The current COVID-19 outbreak is expected to have a substantial impact on the market. The pandemic has resulted in a significant surge in demand for emergency supplies, hospital equipment, medicines, and medical disposables. According to Eurostat in 2020, extra-EU exports and imports of COVID-19 related products increased by 5.5 % and 10.4 % respectively, compared to 2019.
Additionally, EU extra- imports of protective oxygen and garments equipment recorded the highest increase (respectively by 38.7% and 40.3 % compared with 2019) amongst COVID-19 related products, followed by sterilization products (19.1 %) and. diagnostic equipment (19.2 %). However, the highest increases for EU- extra- exports were recorded for diagnostic testing equipment (14.9%), and sterilization products (16.0 %). As a result, market growth is expected to accelerate in the near future. Furthermore, the global market for antiseptics and disinfectants is consolidating due to the rising popularity of medical equipment along with the increased research collaboration and agreements between diverse manufacturers. For instance, in June 2021, Bactiguard and Schülke & Mayr GmbH, a German company, agreed to distribute Bactiguard's wound care solutions exclusively to German hospitals. The agreement allows schülke to add Bactiguard's hypochlorous acid-based portfolio to its existing antiseptic and wound-care product line which will, in turn, push the market scale during the study period.
List of Key Players in Antiseptic And Disinfectant Market
Related Press Release@ Antiseptics And Disinfectants Market Report
Antiseptic And Disinfectant Market Report Highlights
Request For a Free Consultation@ https://www.grandviewresearch.com/request-free-consultation/914/rfc
Antiseptic And Disinfectant Market Segmentation
Grand View Research has segmented the global antiseptic and disinfectant market report on the basis of type, product, sales channel, end use, and region:
Antiseptic & Disinfectant Type Outlook (Revenue, USD Million, 2018 - 2030)
Antiseptic & Disinfectant Product Outlook (Revenue, USD Million, 2018 - 2030)
Antiseptic & Disinfectant Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)
Antiseptic & Disinfectant End Use Outlook (Revenue, USD Million, 2018 - 2030)
Antiseptic & Disinfectant Regional Outlook (Revenue, USD Million, 2018 - 2030)
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