Hospital Disinfectant Products Market size was estimated at USD 6 billion in 2020 and is expected to reach USD 17 billion by 2027, growing at a CAGR of 11.56%.
Disinfectant products are widely used as antimicrobial agents for sanitizing purposes by destroying or inactivating the microbes present on inert surfaces. Spreading of pathogenic viruses and bacteria could be controlled by the use of the disinfectant products in hospitals which are very much prone to accumulation of harmful microbes everywhere in the premises due to the gathering of numerous staff, patients, doctors all from different locations and areas. Many infectious diseases and contamination could be prevented by the use of proper disinfectants that will enable sterilization and sanitization covering a wide range, from hospital wards to hospital and surgery equipment, everywhere disinfectants play a crucial role to prevent any kind of infection and contamination. The recent outbreak of deadly virus COVID-19 has created havoc all over the world and this has resulted in complete lockdown in many countries and its cities. Looking at the recent scenario, many industries have suffered from a significant decline in the present market world. On the contrary, several industries have gained an escalated rise in the market due to the virus outbreak, one of these is the disinfectant product market. Its demand rose unexpectedly in such a way that black marketing for the products has also been seen in a few parts of the world. Thus, this market of disinfectant products has a rapidly flourishing market in forthcoming days and in the present time.
Looking at the present scenario of a pandemic caused by the deadly coronavirus, people started adopting hygienic practices and hospitals are significantly taken care of sanitization after the COVID-19 outbreak globally. Hence, the demand for disinfectants in hospital setups has increased drastically. Hospital disinfectant products market has unexpectedly elevated globally. The probable estimated growth of the hospital disinfectant products market is US$ 17.1 Billion by 2027 and the market expansion is likely to grow at a CAGR of 5.3% from 2019 to 2029. This mentioned value for hospital disinfectant product market share is predicted to get a huge increment globally due to the pandemic. Presently the sudden growth could be clearly visible in hospital disinfectant market size which will surely be going to bolster the market in forthcoming years and in the current period. The Industries of such products have experienced a sudden growth after the pandemic outbreak and the demand for sanitizing products has elevated too quickly and unexpectedly.
Restraints and Opportunity
Stringent Regulatory Authority (SRA) could be a factor for restraint of hospital disinfectant product market and lack of awareness in rural regions of developing countries about the importance of hygienic practices. However, the opportunity is far greater than restraints for such a product market globally. The comprehensive opportunity of hospital disinfectant products is due to the increasing demand for medical and surgical equipment, rise in a number of hospitals, frequent occurring of infectious diseases, rise in the patient number and most important factor for building high opportunity for hospital disinfectant product is the recent outbreak of coronavirus world-wide. The COVID-19 has downgraded the market of many industries but has definitely created a clear route for the successful establishment of sanitizing products market all over the world.
Under the water cleaner segment, the water purification is a seminal product used as a disinfectant in hospitals. Its bolster in demand is the result of concern for water contamination and hygiene and are used to decontaminate the same.
Under the air cleaner segment, air freshener is expected to gain more promising tenure in upcoming years because it is more cost-effective than the air neutralizer. These are found in many varieties in the market and are used to minimize the bad odor in the air.
The segment of liquid disinfectant has been expected to drive the highest share of the market in terms of revenue which is because of its convenience to apply and use and also for its long-lasting effect. This segment is estimated to have the fastest growth during the forecast period owing to the high demands for decontamination these days.
Among different regions, North America is expected to dominate the global market for hospital disinfectant products owing to the demand for surgical equipment, clinical and hospital set-ups, and increasing microbial infections and the COVID-19 spread. During the forecast period, Asia Pacific has an estimation to become an emerging market for hospital disinfectant products market due to the current pandemic and development in healthcare facilities.
Names of some leading companies of the hospital disinfectant market are The Procter & Gamble Company, Colgate-Palmolive Company, Baxter International Inc, Kimberly-Clark Corporation, Getinge AB, and Georgia-Pacific LLC. The global market of hospital disinfectants is seen to be highly competitive and fragmented which is being marked by various players. Potential players are widely applying several aggressive strategies to spread their root over the market world globally.
• Market Revenue Estimation and Forecast (2020 – 2027)
• Market Production Estimation and Forecast (2020 – 2027)
• Market Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Hospital Disinfectant Products Market by Type
• Gel and Lotions
• Spray and Foam
• Wipes, Devices
• Others (including Devices, Surveillance Providers, etc.)
Hospital Disinfectant Products Market by Application
• Surface Cleaners
• Air Cleaners
• Water Cleaners
• Disinfectant Instrument and Accessories
• Surveillance Providers
• United States
• United Kingdom
• Rest of Europe
• Rest of Asia Pacific
Middle East and Africa
• South Africa
• Rest of MEA
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