In 2022, the global disinfection equipment market is estimated at US$ 8.5 million. By 2023, it’s projected to secure US$ 9.5 million, marking the beginning of a substantial growth trajectory. This surge is attributed to increased healthcare spending, prompting a shift in disinfection equipment usage from commercial to household settings. Over the forecast period from 2023 to 2033, the market is expected to witness exponential growth, reaching US$ 30.5 million and recording an impressive CAGR of 12.4%.
Due to heightened demand, major manufacturers of disinfection equipment have ramped up their production capacity at manufacturing facilities. This surge in production is expected to result in a significant increase in the sales of disinfection equipment worldwide. Additionally, market players are striving to offer comprehensive solution concepts, especially to end-users, thereby bolstering the growth of the disinfection equipment industry.
The high rate of consumers who have the bit of awareness surrounding the air pollution trend and the growing prevalence of air bone diseases is predicted to push usage uv disinfection which will ultimately catapult market development during the forecast period. The use of disinfections equipment and cleaners has risen dramatically over the duration of the present pandemic, and it is anticipated to continue this course throughout the determination phase.
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Key Takeaways from the Market Study
- From 2018 to 2022, the market demand expanded at a CAGR of 8.5%
- By Equipment Type, UV disinfection to accumulate a market share of 45.5% in 2022
- By end user, the commercial segment dominates the market with a share of 42.3%
- North America to emerge as a promising market, capturing nearly 45% of the global market share in 2022
- Asia Pacific to be an opportunistic market, expected to capture 32% of revenue
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“Growing demand in the end-use industry and technological innovation in disinfection equipment is expected to drive the market in the forecast period. Also, the growing application of UV disinfection equipment in healthcare is projected to play a vital role in strengthening the market,” says an analyst at Future Market Insights.
Competitive Landscape
Prominent players in the disinfection equipment market are. Trojan Technology, Belimed AG, GetingeAB, Advanced Sterilization Products Services Inc, Xylem, Sotera Health, Shinva Medical Instruments, Steris Corporation, Matachana, 3M Healthcare, Heraeus, BD, Cardinal Health among others
Leading players operating in the global disinfection equipment market are focusing on intensive research and development for launching innovative products and services in the market. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.
Recent Developments:
In January 2022- Xylem announced a partnership with water consultancy Isle Utilities, to fund and scale breakthrough water technologies, called the “Trial Reservoir.” It provides water technology innovator access to capital for pilot projects, with an initial focus on technology that reduces the carbon emission of the water system.
In March 2023- Getinge announced the acquisition of Ultra Clean Systems, a leading manufacturer of ultrasonic cleaning technology used in hospitals, and surgery centers to decontaminate surgical instruments.
Know More about What the Disinfection Equipment Market Report Covers
Future Market Insights offers an unbiased analysis of the global disinfection equipment market, providing historical data for 2018-2022 and forecast statistics from 2023-2033.
To understand opportunities in the disinfection equipment market, the market is segmented on the basis of equipment type (disinfection sprayers, electrostatic sprayers, and UV disinfection), end use (household, commercial, and industrial), and distribution channel (wholesalers/distributors, online retailers, independent small stores, and other sales channels) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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Key Segments Covered in the Disinfection Equipment Industry Analysis
By Equipment Type:
- Disinfection Sprayers
- Electrostatic Sprayers
- UV Disinfection
By End User:
- Commercial
- Household
- Industrial
By Distribution Channel:
- Wholesalers / Distributors
- Online Retailers
- Independent Small Stores
- Other sales channels
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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