Between 2022 and 2029, the market for hospital disinfection goods & services is expected to grow at a strong CAGR of around 7.4%. Ten patients in underdeveloped nations and seven in affluent nations tend to contract at least one hospital-associated infection for every 100 hospitalised patients at any one moment.
Attribute | Details |
Estimated Hospital Disinfectant Products & Services Market Size 2022 | US$ 33,293.8 Mn |
Projected Hospital Disinfectant Products & Services (2029) Market Size | US$ 58,388.4 Mn |
Value CAGR (2022-2029) | ~7.4% |
Hospital Disinfectant Products & Services Market Top Players Share in 2021. | ~22%-30% |
Healthcare delivery facilities have long been concerned about illnesses linked to hospitals. Demand for hospital disinfection goods and services will be fueled by rising public awareness of infection prevention and supportive government and hospital initiatives.
Some of the most important prevention and infection control strategies, such as proper hand hygiene and the effective application of mandatory safeguards during invasive operations, have been widely disseminated by healthcare organizations and governments working with hospitals. The successful and efficient use of hospital disinfection goods and services is made possible by these procedures, which mainly feature correct hospital disinfectant usage.
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Key Takeaways – Hospital Disinfectant Products & Services Market Study
- Hundreds of millions of patients are affected by healthcare-associated infections worldwide each year, leading to significant mortality and financial losses for health systems.
- Poor quality of healthcare services in low to medium-income countries are the most emerging regions for hospital disinfectant products & services market.
- Manufacturers are focusing on formulating hospital disinfectants that have natural ingredient base to reduce the overall toxicity and prevent other disease emergence.
- Lack of compliance of national guidelines and policies by hospitals may pose a threat to both mankind and the hospital disinfectant products & services market.
- Implementation of Patient Protection and Affordable Care Act (PPACA), which expects a manufacturer to pay 2.3% tax on the sale of medical devices will increase expenses for sterilization equipment manufacturers. As a consequence, it may hamper the growth of the hospital disinfectant products & services market for the forecasted years.
Geriatric Population Primarily Driving Demand
Affordability of various treatment services and improved healthcare policies in different countries have led to an increased life expectancy of the population. According to WHO, the global geriatric population is expected to grow from 524 million in 2010 to 2 billion by 2050.
The geriatric population suffers from various diseases and requires diagnosis and treatments that involve the use of non-disposable medical equipment. Therefore, the increase in the geriatric population globally is projected to drive demand for various medicals services and disinfecting medical devices, thereby enhancing the hospital disinfectant products & services market.
- The global geriatric population is expected to grow at the fastest rate in developed countries such as Italy, Germany, the U.K., the U.S., and Japan.
- Increase in healthcare spending is another factor that boosts the Hospital Disinfectant Products & Services Market.
However, the leading manufacturers of hospital disinfectant have to comply with stringent rules and regulations that their products meet to gain a spearhead competition in the global hospital disinfectant products & services market.
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What Does the Report Cover?
Future Market Insights, in its new research study, brings forward a detailed analysis of the global hospital disinfectant products & services market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029.
The study elaborates the insights on the hospital disinfectant products & services market on the basis of type (liquid, gels & lotions, spray & foam, wipes, devices, surveillance providers, and other types), application (skincare, surface cleaners, surveillance providers, disinfectant instrument accessories, water cleaners, and air cleaners), across seven significant regions.
The study focuses on product innovations, key developments, and various opportunities and trends in the hospital disinfectant products & services market.
Global Hospital Disinfectant Products & Services Market by Category
By Product Type, Global Hospital Disinfectant Products & Services Market is segmented as:
- Liquid
- Gel & Lotions
- Spray & Foam
- Wipes
- Devices
- Other Types
By Application, Global Hospital Disinfectant Products & Services Market is segmented as:
- Skincare
- Skin Cleansers
- Hand Sanitizers
- Surgical Scrubs
- Skin Conditioners
- Other Skincare
- Surface Cleansers
- Toilet Cleansers
- Floor Cleansers
- Surface Sanitizer
- Instrument Decontaminant Solution
- Disinfectant Instrument Accessories
- Hand Sanitizer Dispensers
- UV Disinfectant
- Fogger Disinfectant
- Air Purifier
- Water Sterilizer
- Other Accessories
- Water Cleaners
- Water Disinfectant Solution
- Water Disinfectant Products
- Air Cleaners
- Air Neutralizer
- Air Freshener
- Surveillance Providers
- Antimicrobial Stewardship
- Infection Prevention
- Other Surveillance Providers
By Region, Global Hospital Disinfectant Products & Services Market is segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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Frequently Asked Questions
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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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