NEW YORK, Aug. 5, 2020 /PRNewswire/ -- The Global Surface Disinfectant Market is forecast to reach USD 1.53 Billion by 2027, according to a new report by Reports and Data. The surface disinfectant market is growing due to the rise in the number of HAIs or hospital-acquired infections, and growth in the incidence of contagious diseases. Technological advancement and increasing awareness among the public have led to an increase in the number of surgical operations, which, in turn, is augmenting the demand for the industry.
Strict legislative guidelines, such as the Affordable Care Act, have forced hospital administrators to maintain clean facilities. The ongoing COVID-19 epidemic has led companies to understand the necessity for healthcare facility disinfection and cleanliness. The development of alternatives to disinfectant is also challenging market growth. Innovative technologies are being developed as a substitute for manual cleaning.
North America held the largest market share throughout the forecast period. The region is anticipated to witness several growth opportunities owing to the increase in the level of awareness among consumers due to the presence of a large number of educational institutes, hospitals, corporate buildings, and also rise in the self-hygiene among people, which will significantly influence the growth of the industry.
COVID-19 Impact Analysis:
With the outbreak of the coronavirus, the WHO encourages people to take more aggressive steps to prevent the widespread of the virus, especially in hospitals or places where the infected patients are being treated. Coronavirus is having a substantial impact on the surface disinfectant industry. The increasing demand for disinfectants and sanitizers as preventive measures against COVID-19 has resulted in changing the dynamic of the market. People are stockpiling, and manufacturers have started production in large quantities to meet the requirements of the consumers. The demand has search exponentially. The market has witnessed high demand during the epidemic and is anticipated to grow in the coming years due to the growth in the adoption of cleaning supplies and more awareness.
Surface disinfectant is likely to grow at the fastest rate in the forecast period. Infections acquired in hospitals and healthcare places are a significant cause of avertible death across the globe. The physical environment plays a crucial role in the transmission of disease, and novel technologies are being presented into healthcare facilities to decrease the environmental route of transmission of disease. Ultraviolet surface disinfection is considered to be one of the new technologies with substantial potential.
Peracetic acid is generally used in the food industry and is used as a cleanser and also a disinfectant. It is used as a disinfectant for medical supplies and helps in preventing the formation of bio-film in pulp industries. It is applied during the purification of water and for plumbing disinfection.
Hospitals are the major end-users of the market. With the rise in infection and an increase in the incidence of diseases, most hospitals are using surface disinfectants to sanitize their surroundings and surfaces.
North America has the highest adoption rate in the market. This is due to the high level of awareness and high disposable income. Moreover, the presence of key market players in the region is also encouraging market growth.
Key participants include Ecolab, Cantel Medical, Procter & Gamble, 3M Company, Reckitt Benckiser Group PLC, The Clorox Company, Gojo Industries, Inc., Johnson & Johnson, Steris Corporation, and Whiteley Corporation, among others.
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.