Liquid Hospital Disinfectant Accounts for Higher Market Share
Capturing nearly 2/5th of total market revenues, liquid hospital disinfectants will remain the preferred product type among healthcare professionals throughout the forecast period. In 2019, liquid hospital disinfectants worth around US$12 Bn were sold and the figure is likely to grow at a moderate pace in the near future. Manufacturers are also targeting devices and sprays & foams, with the former registering rapid demand growth over other product types.
Developing Regional Markets Reflect White Spaces
Hospital-associated infections (HAI) such as bloodstream infection (BSI), ventilator-associated pneumonia (VAP), and urinary tract infection (UTI) are the most common adversaries in the healthcare delivery, worldwide. The hospital disinfectant products & services market in both, developed and developing regions, would be bolstered by conducive regulatory environment, and rising healthcare expenditure.
While Europe continues to carve out a bigger slice of the market through 2029, the developed region is likely to lose some of its share to the developing regions. Spearheaded by China and India respectively, surging adoption rate of hospital disinfectant products & services in East and South Asia is offering lucrative growth potentials to manufacturers.
Manufacturers Embracing Green Trend
Existing hospital disinfectants comprise of liquid chemicals such as aldehydes, alcohols, and ammonia compounds, which when disposed of, adversely affect the groundwater and soil profile. Additionally, this may result in the onset of respiratory, and central nervous system (CNS) diseases. In response to the situation, manufacturers must focus on the development of eco-friendly and natural ingredient base hospital disinfectant products to curb the health hazards and pollution risk of the disinfectant chemicals.
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How Growth will Unfold
Surface cleaners have been the conventional application area of hospital disinfectant products & services and currently accounts for around 45% of total sales. Under the application category, adoption will remain prominent in floor and toilet cleaners.
While these applications continue to attract huge attention of manufacturers, emergence of skin care products industry across developing regions are also reflecting wide avenues of growth. With a collective revenue of around US$ 5 Bn, use of hospital disinfectant products & services in skin cleansers and hand sanitizers would further contribute to their global presence.
FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL HOSPITAL DISINFECTANT PRODUCTS & SERVICES MARKET
What are future prospects of the hospital disinfectant product & services market?
The global market for hospital disinfectant products & services is poised for a robust growth outlook over the period of projection, 2019 - 2029. While the global market value is projected to reach US$ 30 Bn in 2020, more than 7% CAGR is expected through 2029.
How will the hospital disinfectant product & services market be critical in the future?
Hospital disinfectants plays a crucial role in preventing hospital associated infections (HAIs). The substantial increase in number of deaths due to HAIs is increasing the demand for hospital disinfectant product and services market.
Which hospital disinfectant product & services will have the largest sales growth in the next five years?
Liquid disinfectants are estimated to account larger market share among all disinfectant types used in hospitals. The ease of use and affordability of liquid disinfectants are major factors contributing to higher sales of it.
Where does the maximum opportunity reside for hospital disinfectant product & services?
Hospital disinfectant products find its major use for skincare purposes as skin is the largest organ of the body and the most viable for infection transfer. Skin cleansers and hand sanitizers are estimated to account major share in skincare application.
Which region is expected to lead global sales of hospital disinfectant product & services?
Europe region is anticipated to forefront of the global Hospital Disinfectant Product & Services market, with sales projected to grow at a CAGR of 6% during the predefined timeframe.
Which companies are investing significantly in the development of innovative products?
Investors continue to remain bullish in industry behemoths such as Becton, Dickinson and Company, Colgate-Palmolive Company, S. C. Johnson & Son, Inc., and Kimberly-Clark Corporation, bringing innovative products into the marketplace. It is pertinent to note that a large number of new players are also vying for a pie of this lucrative market.
HOSPITAL DISINFECTANT PRODUCTS & SERVICES MARKET TAXONOMY
The global hospital disinfectant products & services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
- Gel & Lotions
- Spray & Foam
- Other Types
- Surveillance Providers
- Skin Cleansers
- Hand Sanitizers
- Surgical Scrubs
- Skin Conditioners
- Other Skincare
- Surface Cleansers
- Toilet Cleansers
- Floor Cleansers
- Surface Sanitizers
- Instrument Decontaminant Solution
- Surveillance Providers
- Antimicrobial Stewardship
- Infection Prevention
- Other Surveillance Providers
- Disinfectant Instrument Accessories
- Hand Sanitizer Dispensers
- UV Disinfectant
- Fogger Disinfectant
- Air Purifier
- Water Sterilizer
- Other Accessories
- Water Cleaners
- Water Disinfectant Solution
- Water Disinfectant Products
- Air Cleaners
- Air Neutralizers
- Air Fresheners
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa