Global Bio Decontamination Market 2019-2024 - Increasing Outsourcing of Biodecontamination Services Driving Growth
DUBLIN, June 25, 2019 /PRNewswire/ -- The "Bio Decontamination Market by Product (Equipment, Service, Consumables), Agent (Hydrogen Peroxide, Chlorine, Nitrogen, Peracetic Acid), Type, End User (Pharma, Biotech, Medical Devices, Hospital, Life Science) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Biodecontamination Market is Projected to Reach USD 175 Million by 2024 from USD 130 Million in 2019, at a CAGR of 6.1% from 2019 to 2024.
The growth of the market is largely driven by the rising incidence of hospital-acquired infections (HAIs), growth in the pharmaceutical & biotechnology industries, and increasing outsourcing of bio-decontamination services. Emerging economies are expected to provide a wide range of growth opportunities for players in the market.
Equipment accounted for the major share of the market in 2019.
By product & service, the biodecontamination market is segmented into equipment, consumables, and services. In 2018, the equipment segment accounted for the largest share of the market. Services form the fastest-growing segment due to the low cost of services and low capital expenditure required, as compared to purchasing equipment & consumables.
Hydrogen peroxide accounted for the largest share of the biodecontamination market in 2019.
On the basis of agent type, the biodecontamination market is segmented into hydrogen peroxide, nitrogen dioxide, chlorine dioxide, and peracetic acid. In 2018, the hydrogen peroxide segment accounted for the largest share of the biodecontamination market. This segment is also expected to grow at the highest CAGR. Its material compatibility and safety are the major factors contributing to its dominance in the biodecontamination market.
Chamber biodecontamination accounted for the largest share of the biodecontamination market in 2019
On the basis of type, the biodecontamination market is segmented into room and chamber biodecontamination. Chamber biodecontamination accounted for the largest share of the market in 2018 and is expected to show the highest growth during the forecast period. This can be attributed to the lower power consumption, smaller footprint, high adaptation capabilities, and cost-effectiveness of chamber decontamination.
North America dominated the biodecontamination market in 2019.
North America, which includes the US, & Canada, accounted for the largest share of the biodecontamination market in 2018. The growth in this market is primarily driven by the growing demand for biodecontamination from the healthcare industry to minimize the occurrence of HAIs, increasing healthcare expenditure, improved healthcare infrastructure, and the presence of major players in the region.
The major players operating in this market are STERIS (US), Ecolab, Inc. (US), TOMI Environmental Solutions, Inc. (US), JCE Biotechnology (France), Fedegari Autoclavi SpA (Italy), Zhejiang Tailin Bioengineering Co., Ltd. (China), Noxilizer, Inc. (US), Howorth Air Technology Limited (UK), Wenzhou Weike Biological Laboratory Equipment Co., Ltd. (China), ClorDiSys Solutions Inc. (US), and Amira S.r.l. (Italy).
Product launches, expansions, agreements, and acquisitions are the key growth strategies followed by most players in this market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Biodecontamination: Market Overview
4.2 North America: Biodecontamination Market, By End-User (2018)
4.3 Biodecontamination Market: Geographic Growth Opportunities
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Incidence of Hospital-Acquired Infections
5.2.1.2 Increasing Number of Surgical Procedures
5.2.1.3 Increasing Outsourcing of Biodecontamination Services
5.2.1.4 Growth in the Pharmaceutical and Biotechnology Industries
5.2.1.5 Presence of Stringent Regulations
5.2.2 Restraints
5.2.2.1 Presence of Manual Biodecontamination Methods and Budgetary Constraints in Healthcare Facilities
5.2.3 Opportunities
5.2.3.1 Emerging Markets
6 Biodecontamination Market, By Product & Service
6.1 Introduction
6.2 Equipment
6.2.1 Automated Equipment is Growing Increasingly Popular Among End User
6.3 Services
6.3.1 Low Cost of Services has Boosted End-User Preference
6.4 Consumables
6.4.1 Consumable Use Depends on Area to Be Decontaminated
7 Biodecontamination Market, By Agent Type
7.1 Introduction
7.2 Hydrogen Peroxide
7.2.1 Hydrogen Peroxide is Considered Due to Its Safety and High Material Compatibility
7.3 Chlorine Dioxide
7.3.1 Used as A Gas, Chlorine Dioxide Allows for Thorough Decontamination
7.4 Peracetic Acid
7.4.1 Peracetic Acid is Used in Liquid Form Or Vapor Phase
7.5 Nitrogen Dioxide
7.5.1 Nitrogen Dioxide Decontamination is Twice as Fast as Hydrogen Peroxide
8 Biodecontamination Market, By Type
8.1 Introduction
8.2 Chamber Decontamination
8.2.1 Lower Cost and Power Requirements Have Boosted Market Growth
8.3 Room Decontamination
8.3.1 Room Decontamination is A Lengthy and Expensive Process
9 Biodecontamination Market, By End User
9.1 Introduction
9.2 Pharmaceutical & Medical Device Manufacturing Companies
9.2.1 Pharmaceutical & Medical Device Manufacturing Companies are the Largest End Users of the Bio-Decontamination Market
9.3 Life Sciences & Biotechnology Research Organizations
9.3.1 Increase in Biotechnology Research to Support Market Growth
9.4 Hospitals & Healthcare Facilities
9.4.1 Increasing Incidence of Hais & Growing Volume of Surgical Procedures Performed in These Facilities to Drive Market Growth
10 Biodecontamination Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Increasing Number of Surgical Procedures Performed and Strict Regulations in the US to Drive Market Growth
10.2.2 Canada
10.2.2.1 Increasing Incidence of Hospital-Acquired Infections to Drive the Adoption of Biodecontamination Products
10.3 Europe
10.3.1 Germany
10.3.1.1 Increasing Incidence of Hais to Support Market Growth
10.3.2 UK
10.3.2.1 Presence of Major Biodecontamination Equipment Manufacturers and Service Providers to Support Market Growth
10.3.3 France
10.3.3.1 Favorable Government Initiatives to Support Market Growth
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.1.1 Japan Dominates the APAC Biodecontamination Market
10.4.2 China
10.4.2.1 Large Population and Growing Medical Device Manufacturing Industry Have Driven Market Growth in China
10.4.3 India
10.4.3.1 Growing Pharmaceutical and Medical Devices Manufacturing Industry Will Drive the Growth
10.4.4 Rest of Asia Pacific
10.5 Rest of the World
Company Profiles
- Amira S.r.l
- ClorDiSys Solutions, Inc.
- Ecolab
- Fedegari Autoclavi SpA
- Howorth Air Technology Ltd.
- JCE Biotechnology
- Noxilizer, Inc.
- STERIS PLC
- TOMI Environmental Solutions Inc.
- Wenzhou Weike Biological Laboratory Equipment Co. Ltd.
- Zhejiang Tailin Bioengineering Co., Ltd.
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