Ortho Phthalaldehyde Market Expected to Reach USD 8.47 Billion by 2031, Driven by Increasing demand for ortho phthalaldehyde in the healthcare sector

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Monday, May 27, 2024 at 2:20pm UTC

The SNS Insider report reveals that the ortho phthalaldehyde market size was valued at USD 5.52 billion in 2023 and is projected to reach USD 8.47 billion by 2031, exhibiting a robust compound annual growth rate (CAGR) of 5.5% during the forecast period of 2024-2031.

Ortho phthalaldehyde (OPA) is a potent disinfectant and sterilizer widely employed in healthcare facilities to mitigate the risk of infections.

The escalating number of surgical procedures and medical interventions globally has fueled the demand for OPA as a reliable sterilant. HAIs pose a significant threat to patient health and healthcare systems worldwide, necessitating effective disinfection of medical equipment and surfaces. OPA’s broad-spectrum antimicrobial activity against a wide range of microorganisms makes it a preferred choice for healthcare facilities in the prevention of HAIs.

Furthermore, technological advancements in OPA production have led to reduced manufacturing costs, positioning it as a cost-effective alternative to traditional disinfectants like glutaraldehyde. Advances in catalysis technology, for instance, have enabled the development of more efficient and sustainable methods for synthesizing ortho phthalaldehyde, ultimately lowering production expenses.

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Some of the Key Players Included are:

The major key players are AK Scientific Inc., Alfa Aesar, MP Biomedicals, DPX Fine Chemicals, Virox, Thermo Fisher Scientific Inc., Parchem Fine & Specialty Chemicals, TCI America, Merck Millipore Corporation, Sigma-Aldrich Co. LLC, and other key players mentioned in the final report.

Market Analysis

The ortho phthalaldehyde market is characterized by a growing emphasis on product innovation, with manufacturers striving to create more efficient and user-friendly formulations of OPA disinfectants. The increasing preference for sustainable and eco-friendly disinfection solutions has also spurred the development of greener OPA alternatives. The expansion of healthcare infrastructure, particularly in emerging economies, is further driving the demand for ortho phthalaldehyde in healthcare settings.

The ortho phthalaldehyde market has witnessed notable developments in recent years.

  • In September 2023, Steris Corporationreceived FDA approval for its novel OPA-based disinfectant, Steris Cidex OPA Solution, designed for use on various medical equipment and devices, offering enhanced efficacy against specific pathogens compared to traditional OPA-based disinfectants.
  • In July 2022, Ecolab Inc.introduced a new line of OPA-based disinfectants tailored for the food and beverage industry, aiding processors in complying with the latest food safety regulations.

The disinfection segment led the end-use segment of the ortho phthalaldehyde market in 2023

In terms of end-use, the disinfection segment commands the largest market share in 2023 and is anticipated to maintain a steady growth rate of 5.12% throughout the forecast period. This dominance is attributed to OPA’s superior efficacy against a broad spectrum of microorganisms, its rapid action, and its compatibility with various medical devices and materials, making it an ideal choice for high-level disinfection in healthcare settings.

Market segmentation

By End-use

  • Biochemistry
  • Organic Synthesis
  • Disinfection
  • Isomeric Han LT Hides in Winemaking
  • Polymerization
  • Testing
  • Others

By Application

  • Quantization Of High-Pressure Liquid Chromatography
  • Amino Acids & Detection

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Impact of the Global Disruption

The ongoing conflict between Russia and Ukraine has exerted a notable impact on the ortho phthalaldehyde market. Disruptions in supply chains, fluctuations in raw material prices, and economic sanctions have introduced uncertainties and challenges for market players. The war has also led to increased healthcare spending in the region, potentially boosting the demand for disinfectants and sterilants like OPA. However, the overall economic slowdown has constrained healthcare budgets in some countries, potentially affecting the market’s growth trajectory. For instance, reduced government spending on healthcare infrastructure in certain regions may hinder the adoption of advanced disinfection technologies like OPA.

North America dominated the ortho phthalaldehyde market in 2023

This dominance is driven by a well-established healthcare infrastructure, stringent infection control regulations, and a high prevalence of HAIs. The region is expected to maintain its leading position, growing at a CAGR of approximately 5.22% during the forecast period.

The Asia Pacific region is poised to witness the most rapid growth in the ortho phthalaldehyde market, with a projected CAGR of about 5.73%. This surge is attributed to factors such as the expanding healthcare sector, increasing awareness of infection prevention, a growing geriatric population susceptible to infections, and a rising number of surgical procedures in the region.

Key Takeaways

  • The ortho phthalaldehyde market is expected to experience substantial growth, driven by the increasing demand for effective disinfectants in healthcare and the rising prevalence of HAIs.
  • Technological advancements in OPA production are reducing costs and enhancing its accessibility.
  • The market is witnessing a growing emphasis on product innovation and the development of greener OPA alternatives.
  • While the Russia-Ukraine conflict and economic slowdown pose challenges, the market’s outlook remains positive, particularly in the Asia Pacific region.

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