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(Medical-NewsWire.com, March 15, 2019 ) The report “Surface Disinfectant Market by Type (Quaternary Ammonium Compounds, Chlorhexidine Gluconate, Phenol, Alcohol, Aldehyde), Formulation (Liquid, Spray, Wipe), Application (In-house, Instrument), End User (Hospitals, Laboratories) — Global Forecast to 2022”.
The surface disinfectants market is expected to reach USD 789.1 Million, at a CAGR of 8.3%
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Growth in the number of surgical procedures drives the global surface disinfectants market
Globally, the number of surgeries has increased over the last decade majorly due to the increasing prevalence of chronic diseases and growth in the geriatric population. According to the Healthcare Cost and Utilization Project (HCUP), in 2012, a total of 9.7 million procedures were performed in inpatient hospital settings and 9.3 million in outpatient hospital settings in the U.S.
The volume of endoscopic minimally invasive surgeries has witnessed a steady growth over the last decade. According to the CDC, in 2013, a total of 1.1 million small intestine endoscopic surgeries (with or without biopsy) and 499,000 large intestine endoscopic surgeries (with or without biopsy) were performed in the U.S. To eliminate the risk of infections during and after surgical procedures, high-level disinfectants are used to disinfect surgical equipment, operation theaters, and recuperation rooms. Hence, the growth in the number of surgeries is a major factor driving the growth of the surface disinfectants market, globally.
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By application, the in-house application segment is expected to dominate the market in 2017
On the basis of applications, the surface disinfectants market is segmented into in-house, instrument disinfection, and other applications. The in-house application segment accounted for the largest share of the market. The growth of this market segment is mainly driven by the need to reduce the rising incidence of HAIs.
By end user, the hospital's segment is expected to hold the largest share of the market in 2017
In the end user, the surface disinfectants market is segmented into hospitals, clinical laboratories, pharmaceutical companies, and other end users. The hospitals segment holds the largest share in the market. The growth is primarily attributed to the rising incidence of HAIs and growth in the number of hospitals in emerging countries.
The following are the major objectives of the study.
- To define, describe, and forecast the surface disinfectants market on the basis of type, formulation, application, end user, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and challenges)
- To analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
- To forecast revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia, and the Rest of the World (RoW)
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Asia to offer lucrative growth opportunities
By region, the global surface disinfectants market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). While North America holds the largest share of the market in 2017, Asia is expected to grow at the highest CAGR during the forecast period. The presence of emerging economies like China and India; the large population; growth in the number of hospitals and increasing awareness about infection control in the region are some major factors driving the high growth of this regional segment.
Some of the major players operating in the surface disinfectants market are 3M Company (U.S.), Cantel Medical Corporation (U.S.), Johnson & Johnson (U.S.), Procter & Gamble (U.S.), Reckitt Benckiser Group plc. (U.K.), The Clorox Company (U.S.), Sealed Air Corporation (U.S.). Steris Corporation (U.S.), and Ecolab (U.S.).
Mr. Shelly Singh