Canada Antiseptic And Disinfectant Market Size & Outlook
Canada antiseptic and disinfectant market, 2017-2030 (US$M)
Related Markets
Canada antiseptic and disinfectant market highlights
- The Canada antiseptic and disinfectant market generated a revenue of USD 2,064.8 million in 2023 and is expected to reach USD 4,346.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, quaternary ammonium compounds was the largest revenue generating type in 2023.
- Enzyme is the most lucrative type segment registering the fastest growth during the forecast period.
Antiseptic and disinfectant market data book summary
| Market revenue in 2023 | USD 2,064.8 million |
| Market revenue in 2030 | USD 4,346.1 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Quaternary ammonium compounds |
| Fastest growing segment | Enzyme |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Quaternary Ammonium Compounds, Chlorine Compounds, Alcohols & Aldehyde Products, Enzyme |
| Key market players worldwide | 3M Co, Reckitt Benckiser Group PLC, Steris PLC, Kimberly-Clark Corp, Cardinal Health Inc, BD, Johnson & Johnson, Bio-Cide International |
Other key industry trends
- In terms of revenue, Canada accounted for 6.6% of the global antiseptic and disinfectant market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. antiseptic and disinfectant market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,346.1 million by 2030.
Quaternary ammonium compounds was the largest segment with a revenue share of 31.33% in 2023. Horizon Databook has segmented the Canada antiseptic and disinfectant market based on quaternary ammonium compounds, chlorine compounds, alcohols & aldehyde products, enzyme covering the revenue growth of each sub-segment from 2017 to 2030.
Increasing number of surgeries in Canada is expected to fuel the market growth over the forecast period. For instance, as per the Organization for Economic Co-operation and Development (OECD), around 390,352 surgeries were performed in Canada in 2017.
Proper maintenance of hygiene before a surgical procedure is necessary, thus usage of proper disinfectant solutions is highly recommended by doctors. Hence, product demand is expected to increase. In addition, increasing awareness about health and hygiene among people is also expected to positively impact the market growth.
For instance, as per Business Development Bank of Canada, the demand for wellness-related and health products is rapidly increasing, and around 31% of Canadian consumers are willing to pay a premium for health enhancing products. Therefore, market is anticipated to grow at a significant rate over the forecast period.
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Antiseptic And Disinfectant Market Scope
Antiseptic And Disinfectant Market Companies
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Canada antiseptic and disinfectant market size, by type, 2017-2030 (US$M)
Canada Antiseptic And Disinfectant Market Outlook Share, 2023 & 2030 (US$M)
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