Global Bio Decontamination Market was valued at US$ 124.7 Mn in 2019 and is expected to reach US$ 192.8 Mn by 2027, at a CAGR of 5.6 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Increasing concerns towards medical center gained contaminations and increment in a matured populace that are increasingly inclined to ailments are driving the global bio decontamination market. Bio-decontamination equipment refers to the equipment, such as, a chamber or a confined box in which cleaning process is performed. Bio-decontamination market has been developing at a quick rate owing to the incremental consciousness of such procedures and administrations of different nations taking activities in this field.
Decontamination might be done by physical means, synthetic or science-based strategies. Disinfecting with physical means comprises strategies, for instance, thermal, high weight techniques and others. Decontamination by synthetic substances contains utilization of oxidizing operators, surfactants for the balance of concoction waste and others. Science-based disinfection techniques include the use of enzymatic frameworks, counterfeit microscopic organisms and others.
However, stringent government regulations in some economies, high cost of the equipment and economic slowdown are some of the major factors that are restraining bio decontamination market globally. Additionally, lengthy lifecycles of decontamination equipment are restraining the bio decontamination market.
Equipment segment accounted for the largest market share of bio decontamination market globally. The launch of new and advanced instruments, portability, and the reduced need for manual intervention are key factors driving the growth of product & service segment.
The hydrogen peroxide segment expected to dominate the market during the forecast period. The advantages offered by hydrogen peroxide, like material compatibility and safety with minimum residue, are the major factors contributing to its dominance in the bio decontamination market.
The Asia Pacific region to grow at the highest rate during the forecast period. This is mainly owing to the rising number of hospitals and clinics, growing population, and government initiatives for improving healthcare infrastructure. The Asia Pacific is also the biggest exporter of pharmaceutical products in the world, which highlights the need to ensure the high quality of drugs for export and present opportunities for market players to enter into bio decontamination markets.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Bio Decontamination Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Bio Decontamination Market.
Scope of Global Bio Decontamination Market
Global Bio Decontamination Market, By Product & Service
Global Bio Decontamination Market, By Agent Type
• Hydrogen Peroxide
• Chlorine Dioxide
• Peracetic Acid
• Nitrogen Dioxide
Global Bio Decontamination Market, By Type
• Chamber Decontamination
• Room Decontamination
Global Bio Decontamination Market, By End User
• Pharmaceutical & Medical Device Manufacturing Companies
• Life Sciences & Biotechnology Research Organizations
• Hospitals & Healthcare Facilities
Global Bio Decontamination Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Bio Decontamination Market
• STERIS PLC
• TOMI Environmental Solutions Inc.
• JCE Biotechnology
• Fedegari Autoclavi SpA
• Zhejiang Tailin Bioengineering Co., Ltd.
• Noxilizer, Inc.
• Howorth Air Technology Ltd.
• Wenzhou Weike Biological Laboratory Equipment Co. Ltd.
• ClorDiSys Solutions, Inc.
• Amira S.r.l
• Tailin BioEngineering
• Weike Biological Laboratory.
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