The global Disinfectant Products market is forecasted to reach USD 43.5 Million by 2030, according to a new report by Reports and Data. The market for disinfectant products is growing due to the increase in the number of hospital-acquired infections, and also growth in contagious virus-related diseases. The advancement in technology and awareness among the public has led to an increase in the number of surgical operations, which in turn is driving the demand for the market.
Strict legislative guidelines, such as the Affordable Care Act, have forced hospitals administrative to maintain clean facilities. The recent outbreak of COVID-19 has led organizations to understand the necessity for healthcare facility cleanliness and disinfection. The global spending on healthcare is rising steadily. It was USD 7.8 trillion in 2017 or about 10% of GDP and USD 1,080 per capita. Development of alternatives of disinfectant are also challenging the market growth. Innovative technologies are being developed as a substitute to manual cleaning.
Leading Players– Reckitt Benckiser Group plc, 3M, Kimberly-Clark Corporation, Cardinal Health, Bio-Cide International, Inc., Novartis AG, Johnson and Johnson, BD, STERIS Plc, and Procter and Gamble, among others.
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Further key findings from the report suggest
Ready-to-use disinfecting wipes, also known as pre-impregnated disinfecting wipe, are commonly used in domestic situations and the food industry. Their usage in healthcare centers and hospitals for decontamination of medical devices and surfaces is increasing because of their suitable implementation in practice and reliable performance.
Alcohols & Aldehyde Products held a market share of 20.7% in the year 2019. Aldehyde is increasingly used as they are toxic but of not damage rubber or plastic, making them useful for sterilizing devices such as catheters.
Surface disinfectants are used to prevent microbial transmission of microbial infections in hospitals, pathology labs, and other patient-related areas. These disinfectants are also used in pharmaceutical and research laboratories and biotechnology companies where human cells are handled for the purpose of research and development.
Hospitals held the largest market share during the forecast period. The chance of acquiring a hospital-related disease is high and faculties have to maintain a clean hygienic environment for patient to recover. Moreover, the annual budgets on healthcare has increased globally and hospitals can devote proper budget for maintain a germs-free environment.
Asia Pacific is forecasted to grow with a higher CAGR of 8.3% during the forecast period. The region is heavily populated and home to some contagious diseases. The high poverty level and existence of slums in poor and developing nations increases the chance of infection and the need to have a hygienic surrounding is crucial in the region.
In India, there is one government allopathic doctor for every 10,189 people, one government hospital bed for every 2,046 people and one state-run hospital for every 90,343 people. Patients often share beds and run the risk of being infected or spread the infection. The need for properly disinfecting the hospitals and related areas are crucial. The government have made sanitation its priority and strict steps are being taken to implement them.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Type Outlook (Revenue, USD Billion; 2019–2030)
Quaternary Ammonium Compounds
Alcohols and Aldehyde Products
Product Outlook (Revenue, USD Billion; 2019–2030)
Medical Device Disinfectants
Frequently Asked Questions Addressed in the Report:
What is the estimated market revenue growth over the forecast period?
What are the major factors driving the global Disinfectant Products market revenue growth?
Which regional market is expected to account for the largest revenue share in the global Disinfectant Products market over the forecast years?
Which are the leading players in the global Disinfectant Products market?
What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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