The Growing Demand from Healthcare Sector Drives the Surface...

The Growing Demand from Healthcare Sector Drives the Surface Disinfectant Market

Posted 2023-12-15 07:37:21

Surface disinfectants are chemical formulations applied on inanimate surfaces to destroy or inhibit the growth of microorganisms. They help prevent the spread of infections in healthcare and hospitality settings through regular disinfection of high-touch surfaces. Surface disinfectants are formulated as liquids, sprays, and wipes for use on hard, non-porous surfaces such as door handles, bedrails, medical equipment, washroom fixtures, tables, and desks.

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 Dynamics:
One of the key drivers for the growth of the surface disinfectant market is the increasing demand from the healthcare sector. Healthcare associated infections (HAIs) pose a significant clinical and economic burden on patients and health systems worldwide. Effectively disinfecting high-touch surfaces is important in reducing the spread of such infections. According to the World Health Organization (WHO), every year, on average, over 1.4 million people worldwide contract an HAI. The growing awareness about the role of surface disinfection in preventing HAIs and outbreaks of diseases like COVID-19 is driving the adoption of disinfectants in healthcare facilities. Furthermore, the demand for disinfectant formulations that are effective against a wide range of pathogens, are non-toxic, and have short contact times is promoting new product innovation in the market.

SWOT Analysis
Strength:
- Surface disinfectants help prevent the spread of harmful germs and diseases by killing or inhibiting the growth of microorganisms on surfaces. Regular use of these products can boost hygiene and public health.
- Technological advancements have led to the development of more effective formulations that can kill a broad spectrum of germs quickly. Many products also have long-lasting residual effects.
- Rising awareness about hygiene and infection control among consumers and institutions like hospitals is fueling the demand for surface disinfectants.

Weakness:
- Alcohol-based disinfectants can damage certain sensitive surfaces if not applied properly as per instructions.
- Some disinfectant ingredients may cause irritation to skin and lungs if safety guidelines are not followed properly during use.

Opportunity:
- The outbreak of COVID-19 pandemic has boosted focus on hygiene and prevention of hospital-acquired infections. This is driving increased uptake of surface disinfectants across healthcare and other public settings.
- Product diversification into specialty formulations targeted at food industry, hospitality sector, child care centers etc presents new market opportunities.

Threats:
- Competition from alternative products like sanitizers and wet wipes poses pricing pressures.
- Stringent regulations pertaining to ingredient approval and false marketing claims by some manufacturers.

Key Takeaways

The Global Surface Disinfectant Market Size is expected to witness high growth. Regional analysis related content comprises The North America region currently dominates the market and is expected to maintain its leading position during the forecast period as well. growing awareness about healthcare-associated infections (HAIs) along with increasing number of surgical procedures are driving the regional market growth.

Key Players
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. 3M led the market and maintains a significant share owing to its wide range of products, strong distribution channels and advertisement campaigns promoting hygiene. Reckitt Benckiser Group is another prominent player gaining significant traction through constant product launches and partnerships with public institutions.

The global Surface Disinfectant Market is expected to witness high growth. The market size for Surface Disinfectant Market was US$ 7,347.2 Mn in 2023 and is projected to reach over US$ 34,123.6 Mn by 2030 at a CAGR of 18%. Factors such as rising incidence of hospital-acquired infections, increasing healthcare spending worldwide and growing awareness about infection control measures are fueling the demand for surface disinfectants. Regional analysis relates content comprises The North America region currently dominates the market and is expected to maintain its leading position during the forecast