The overall Surface Disinfectant Market by Type is projected to reach $789.1 million, at a CAGR of 8.3%.
The increasing number of surgical procedures, rising geriatric population, and subsequent growth in the prevalence of chronic diseases are major factors that are driving the growth of this market. Surface disinfectants are used to prevent microbial cross-contamination and transmission of microbial infections through surfaces in hospitals, pathology labs, and other patient-related areas.
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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.
By end user, the hospitals’ segment is expected to hold the largest share of the surface disinfectants market
In the end user, the surface disinfectants market is segmented into hospitals, clinical laboratories, pharmaceutical companies, and other end usershospitals’pitals 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.
Surface Disinfectant Market by Geographical Analysis:
By region, the surface disinfectants market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). The market is dominated by North America, followed by Europe, however, the Asian region is expected to witness the highest growth during the forecast period. The presence of emerging economies like China and India; large population; growth in the number of hospitals, and increasing awareness about infection control in the region are some of the key factors driving the high growth of this regional segment.
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Key players operating in the Surface Disinfectant Market by Type:
3M Company (U.S.), Cantel Medical Corporation (U.S.), Johnson & Johnson (U.S.), Procter and & Gamble (U.S.), Reckitt Benckiser Group plc. (U.K.), The Clorox Company (U.S.), and Sealed Air Corporation (U.S.).
3M Company (U.S.) is another major player in this market. The company focuses on inorganic strategies to maintain and enhance its position in the market. In 2015, the company acquired Ivera Medical Corporation (U.S.). This acquisition helped the company to expand its surface disinfectants product portfolio.
Ecolab (U.S.) is also an important player in the surface disinfectants market. The company mainly focuses on acquisitions to strengthen its position in the market. For instance, in 2017, the company acquired Laboratoires Anios (France). This acquisition helped the company strengthen its hygiene and disinfection products portfolio.
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