July 19, 2024
Surface Disinfectant Market

Surface Disinfectant Market Is Expected To Be Flourished By Growing Adoption In Healthcare Facilities

Surface disinfectants are chemical substances used to kill bacteria and viruses present on surfaces. They are commonly used in healthcare facilities such as hospitals, clinics, and diagnostic laboratories to prevent the spread of infectious disease. Some key applications of surface disinfectants include sterilization of medical devices, disinfection of surfaces in operation theatres and intensive care units, and cleaning hard, non-porous surfaces. With the ongoing COVID-19 pandemic, the demand for disinfectants has surged significantly from the healthcare sector to curb the spread of the virus. Various guidelines issued by health organizations recommend regular disinfection of high-touch surfaces using EPA-approved disinfectants.

The global surface disinfectant market is estimated to be valued at US$ 7347.2 Mn in 2023 and is expected to exhibit CAGR of 18.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The surface disinfectant market is expected to grow substantially over the forecast period, driven by the growing adoption of these products in healthcare facilities. As mentioned earlier, the healthcare sector accounts for a prominent share of the overall surface disinfectant consumption. The ongoing COVID-19 pandemic has placed significant importance on hygiene and disinfection practices worldwide. Various guidelines recommend regular cleaning and disinfection of surfaces that are frequently touched such as doorknobs, furniture, and equipment. This is driving the demand for disinfecting chemicals and solutions from the healthcare industry. Another important driver for the market growth is the increasing awareness about hygiene and infection control. Recent disease outbreaks have highlighted the need for proper disinfection practices in both healthcare and non-healthcare settings. This is favoring the adoption of surface disinfectants in various application areas including schools, offices, public transit, and consumer households.

Segment Analysis

The surface disinfectant market is dominated by the hospital-level disinfectants segment. This segment accounted for over 40% of the global market in 2023 due to a rise in hospital-acquired infections and stringent regulations regarding disinfection levels in healthcare premises. The disinfectants used in hospitals must demonstrate antimicrobial activity against a wide range of disease-causing pathogens, viruses, and spores. These disinfectants are often used to treat hard surfaces in operation theatres and other high-contact areas.

Pest Analysis

Political: Stringent regulations regarding hygiene and disinfection levels particularly in the healthcare and food processing industries drive the demand for surface disinfectants. For instance, policies pertaining to nosocomial infection control boost sales.

Economic: The growing GDP and healthcare spending of nations positively impacts market revenues. Rising affluence increases affordability of quality disinfection products.

Social: Growing awareness about health, cleanliness, disease prevention measures and risks of cross-contamination propels product adoption. Customers increasingly prefer hygienic packaged goods and disinfected public spaces.

Technological: Manufacturers invest in R&D to develop advanced formulation technologies, incorporating ingredients like essential oils for superior cleaning abilities and shorter drying times without compromising on effectiveness against bacteria and viruses.

Key Takeaways

The Global Surface Disinfectant Market Size  is expected to witness high growth over the forecast period owing to the COVID-19 pandemic boosting product demand from hospitals, households, and commercial sectors. The North American region currently dominates the market owing to the presence of major players, stringent hygiene regulations particularly in the healthcare industry post COVID-19, and growing cases of hospital-acquired infections in 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 key players are focusing on new product launches and expansion in emerging markets to consolidate their market presence.

Regional analysis related content comprises: The Asia Pacific region is projected to witness the fastest growth during the forecast period. Factors such as improving healthcare infrastructure, growing middle-class population and their rising awareness about hygiene will drive the demand for surface disinfectants particularly in China, India and other developing nations in Asia Pacific.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it