The Global Glutaraldehyde Market is driven by rapid development in medical sterilization
The Global Glutaraldehyde Market is estimated to be valued at US$ 698.4 MN in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Glutaraldehyde Market include Universal Preserv-A-Chem Inc. (UPICHEM),Grassland Agro, Advanced Sterilization Products (Cilag GmbH International), Whiteley Corporation, Sisco Research Laboratories Pvt. Ltd., Lenntech B.V., The Dow Chemical Company, Hubei Jinghong Chemical Co., Ltd., and Evans Vanodine International PLC. These players are focused on expanding their production capacities and global footprint to gain a competitive advantage in the market.
The growing demand for disinfection & sterilization from the healthcare industry is a major factor driving the Glutaraldehyde Market Demand. Wide acceptance in hospitals, diagnostic laboratories, Intensive Care Units and other clinical settings is propelling market revenue. Furthermore, increasing surgical procedures & rising instances of Hospital Acquired Infections (HAIs) are augmenting the need for glutaraldehyde.
The market is witnessing strong growth in the Asia Pacific region with increasing healthcare infrastructure, rising medical tourism and growing medical device industry in China, India and other developing nations. Leading market players are investing in emerging countries to tap the high growth opportunities in these untapped markets.
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