Bio Decontamination Market worth $175 million by 2024
What is the Expert Analysis of Bio Decontamination Market?
According to the expert analysis "Bio Decontamination Market by Product (Equipment, Service, Consumables), Agent (Hydrogen Peroxide, Chlorine, Nitrogen, Peracetic Acid), Type (Room, Chamber), End User (Pharma, Biotech, Medical Devices, Hospital, Life Science) - Global Forecast to 2024", published by MarketsandMarkets™, the market is projected to reach USD 175 million by 2024 from USD 130 million in 2019, at a CAGR of 6.1%
The rising incidence of hospital-acquired infections (HAIs), growth in the pharmaceutical and biotechnology industries, and increasing outsourcing of bio decontamination services are factors driving the growth of the market.
What the global market looks like?
The Global Bio Decontamination Market is segmented on the basis of Product, Agent, Type, End User and Region.
The equipment segment commanded the largest share in 2019.
On the basis of product & service, the Bio Decontamination Market is segmented into equipment, consumables, and services. In 2018, the equipment segment accounted for the largest market share of market. The launch of new and advanced instruments, portability, and the reduced need for manual intervention are key factors driving the growth of this segment.
Chamber decontamination held the largest share of the Bio Decontamination Market in 2019.
By type, the market is segmented into room and chamber bio decontamination. In 2018, chambers accounted for the largest share of the market. The large share of this segment can be attributed to factors such as lower power consumption, smaller footprint, and cost-effectiveness.
Hydrogen Peroxide to dominate the Bio Decontamination Market in 2019.
On the basis of agent type, the 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 market. The advantages offered by hydrogen peroxide, such as material compatibility and safety with minimum residue, are the major factors contributing to its dominance in the market.
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Geographical Analysis Of Market:
North America commanded the largest share of the Bio Decontamination Market in 2019.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2018, North America commanded the largest share of the Bio Decontamination Market. The large share of this regional segment can be attributed to the growing demand for bio decontamination technologies from the healthcare industry to minimize the occurrence of hospital-acquired infections and the presence of major players in the region.
Key Players and Strategies Adopted by Them:
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).
Recent developments:- In 2019, Ecolab Inc. acquired Bioquell plc.
- In 2018, Amira S.r.l launched Combo, an integration solution for simultaneous biodecontamination of separate rooms
- In 2017, STERIS launched VHP DC-A atmospheric pass-through chambers
- What are the growth opportunities in the biodecontamination market across major regions in the future?
- Emerging countries provide immense opportunities for the growth and adoption of biodecontamination products. Will this scenario continue during the next five years?
- Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
- What are the various biodecontamination product & services and their respective market shares in the overall market?
- What are the new trends and advancements in the biodecontamination market on the basis of regions?