by Surface disinfectants help prevent the spread of infectious diseases by eliminating or reducing harmful microorganisms like bacteria and viruses from surfaces through chemical cleaning. Used widely across healthcare facilities like hospitals, clinics, laboratories etc to sanitize patient care equipment, medical devices, high touch surfaces, these disinfectants are effective in curbing the transmission of diseases.
The global Surface Disinfectant Market is estimated to be valued at US$ 7347.2 Mn in 2023 and is expected to exhibit a CAGR of 18.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for surface disinfectants has seen a significant rise owing to the COVID-19 pandemic. Healthcare facilities and other public settings have increased the frequency of disinfection of common touch points using these products to curb the spread of the coronavirus. With experts warning of future pandemics, the focus on hygiene and disinfection practices is expected to remain high. This is projected to propel the growth of the surface disinfectant market over the forecast period.
SWOT Analysis
Strength: Surface disinfectants effectively kill germs and bacteria on surfaces. They are commonly used in healthcare facilities to sanitize equipment and surfaces and help reduce the spread of infections.
Weakness: Some surface disinfectants contain harsh chemicals that can cause irritation when inhaled or come in direct contact with skin. They also require proper application and sufficient contact time to be effective.
Opportunity: With increased awareness about hygiene and infection control, the demand for surface disinfectants is growing steadily. Rising prevalence of hospital-acquired infections also drives the need for frequent disinfection of healthcare facilities.
Threats: Stringent regulations associated with ingredients used in disinfectants and approval procedures limit the entry of new players.Availability of alternative products like bleach solutions also pose a threat.
Key Takeaways
The Global Surface Disinfectant Market Size is expected to witness high growth over the forecast period of 2023 to 2030. North America currently dominates the market owing to sophisticated healthcare infrastructure and strict hygiene regulations. Asia Pacific is expected to grow at the fastest pace attributed to improving healthcare standards and increasing expenditure on hospital care in developing countries of the region.
Key players operating in the surface disinfectant market are 3M, Reckitt Benckiser Group PLC, Procter & Gamble, Cantel Medical Corporation, The Clorox Company, Ecolab, SC Johnson Professional, Whiteley Corporation, and Steris PLC. These players are focused on expanding their product portfolios and strengthening distribution networks across major markets to increase market share. Manufacturers are also involved in new product launches with improved formulations and advanced technologies for sustained business growth.
Regional analysis comprises North America is the largest market for surface disinfectants currently. The region has an established healthcare industry along with stringent regulations regarding hygiene and infection control. This ensures regular usage of disinfectants in hospitals, clinics, and other medical facilities. Asia Pacific market is set to register highest growth during the forecast period owing to improving healthcare infrastructure and increasing expenditure on medical services in developing nations.
Key players related content comprises Key players operating in the surface disinfectant market are 3M, Reckitt Benckiser Group PLC, Procter & Gamble, Cantel Medical Corporation, The Clorox Company, Ecolab, SC Johnson Professional, Whiteley Corporation, and Steris PLC. These major players focus on new product launches and expanding business operations to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
