The growing demand to disinfect hospitals to limit the spread of infections and germs are driving the demand for the market.
Disinfectant Products Market Size – USD 22.32 Million in 2021, Growth - CAGR of 7.8%, Trends – Emergence of virus such as COVID-19.
Reports and Data’s latest industry analysis report titled ‘Global Disinfectant Products Market’ provides the reader with an exhaustive overview of the Disinfectant Products industry. The report is inclusive of a concise market summary and contains market projections based on the present market situation, current market size, and revenue growth rate. The report elaborates on the key market dynamics including market growth drivers, opportunities, threats, and challenges. In this report, market analysts at Reports and Data have emphasized the ever-changing market growth patterns and the dynamic environment of the industry. Key attractions of the report include List of Tables and Figures, Research Methodology, Competitive Landscape, Regional Analysis, Technological Breakthroughs, and Future Market Developments.
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.
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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 participants include 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.
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Type Outlook (Revenue, USD Billion; 2019–2030)
- Chlorine Compounds
- Quaternary Ammonium Compounds
- Alcohols and Aldehyde Products
Product Outlook (Revenue, USD Billion; 2019–2030)
- Medical Device Disinfectants
- Enzymatic Cleaners
- Surface Disinfectants
End-use Outlook (Revenue, USD Billion; 2019–2030)
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Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Disinfectant Products market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Disinfectant Products market size
2.2 Latest regional market trends
2.3 Emerging growth trends
- Competitive Outlook
3.1 Global Disinfectant Products market key players
3.2 Global Disinfectant Products size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Disinfectant Products market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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