Research Nester published a report titled “Bio Decontamination Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global bio decontamination market in terms of market segmentation by product, agent, end user, and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
Global Bio Decontamination Demand to Witness a Hike Owing to the Increasing Occurrence of HAIs; Market to Grow Significantly by a CAGR of ~6% throughout 2022 – 2031
The global bio decontamination market is estimated to occupy a large amount of revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2031, ascribing to the rising incidences of hospital-acquired infections (HAIs), and a growing number of surgical procedures conducted worldwide.
Along with these, increasing demand for chamber decontamination, and a surge in the adoption of equipment with less manual intervention in healthcare facilities are also expected to drive the growth of the market in the forthcoming years.
The market is segmented by product, agent, and end user. Based on product, the equipment segment is anticipated to acquire the largest share during the forecast period in view of the rising launch of sophisticated medical instruments with lesser manual intervention by market players.
Additionally, by end-user, the medical devices segment is projected to grab the largest share over the forecast period attributed to the increasing adoption of bio-decontamination products by medical device manufacturers to adhere to strict healthcare and hygiene protocols.
Geographically, the global bio decontamination market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth in the market during the forecast period attributed to the escalating manufacturing and export of pharmaceutical products in the region.
Moreover, the market in North America is assessed to acquire the largest share over the forecast period on the back of the growing demand for bio decontamination for minimizing the risk of HAIs, and high healthcare spending in the region.
The research is global in nature and covers a detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.
Increasing Prevalence of Hospital-Acquired Infections (HAIs) to Boost Market Growth
Over the last two decades, the total number of cases of HAIs has observed a notable surge owing to the failure of many healthcare facilities across the world to maintain appropriate hygiene conditions. This in turn has resulted in the imposition of stringent regulations by health organizations, which in turn is anticipated to drive significant market growth in the near future.
However, a lack of awareness about the benefits of bio-decontamination in lower economic regions is expected to operate as a key restraint to the growth of the global bio decontamination market over the forecast period.
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Market Key Players
This report also provides the existing competitive scenario of some of the key players of the global bio decontamination market which includes company profiling of Ecolab Inc., STERIS PLC, TOMI Environmental Solutions Inc., Howorth Air Technology Ltd., Wenzhou Weike Biological Laboratory Equipment Co. Ltd., JCE Biotechnology, Zhejiang Tailin Bioengineering Co., Ltd., ClorDiSys Solutions Inc., Amira S.r.l., Noxilizer Inc., and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments.
On the whole, the report depicts a detailed overview of the global bio decontamination market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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