$1.25 Billion Surface Disinfectant Market by Composition, Type, Application, End User - Global Forecast to 2024 - ResearchAndMarkets.com

DUBLIN--()--The "Surface Disinfectant Market by Composition (Quaternary Ammonium, Alcohols, Chlorine, Hydrogen Peroxide), Type (Liquids, Sprays, Wipes), Application (In-house, Instrument), End User (Hospital, Diagnostic, Research Labs) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global surface disinfectant market is projected to reach USD 1,252 million by 2024 from USD 837 million in 2019

The growth of the market is primarily driven by factors, such as the high prevalence of HAIs and the implementation of favorable government initiatives & stringent regulations on sterilization and disinfection. Developing economies are expected to provide a wide range of growth opportunities for players in the market.

The wipes segment is expected to grow at the highest CAGR during the forecast period.

Based on type, the surface disinfectant market is segmented into liquids, wipes, and sprays. Single-use disinfectant wipes form the fastest-growing segment in the surface disinfectant market. Wipes offer several advantageszero water consumption, lesser chances of cross-contamination compared to liquids, and ease of use.

The in-house surfaces segment accounted for the largest share of the surface disinfectant market in 2018.

On the basis of application, the surface disinfectants market is segmented into in-house surfaces, instrument disinfection, and other applications. The in-house surfaces segment accounted for the largest share of the surface disinfectants market in 2018. The large share of this segment is attributed to the high prevalence of hospital-acquired infections across the globe and the higher volume of disinfectants required to clean these surfaces.

The hospital settings segment to account for the largest share of the surface disinfectants market in 2019.

Based on end-user, the surface disinfectants market is segmented into hospital settings, diagnostic laboratories, pharmaceutical & biotechnology companies, and research laboratories. Of all these end users, the hospital settings segment is expected to account for the largest share of the surface disinfectants market in 2019. The large share of this segment can be attributed to factors, such as the high focus on infection control in hospitals (as a result of the rising prevalence of HAIs) and the high and growing patient volume in these healthcare settings.

North America to dominate the surface disinfectants market in 2019.

North America, which includes the US and Canada, accounted for the largest share of the surface disinfectants market. The large share of North America can be attributed to the high prevalence of HAIs in the region and the presence of stringent regulations for the use of surface disinfectants to reduce the rate of HAIs.

Market Dynamics

Drivers

  • Stringent Regulations for the Use of Surface Disinfectants
  • High Prevalence of HAIs
  • Technological Improvements in Disinfectants

Restraints

  • End-User Non-Compliance With Standard Disinfection Practices
  • Negative Perception About the Use of Chemical Disinfectants

Opportunities

  • Growing Healthcare Industry in Emerging Economies

Challenges

  • Development of Alternative Technologies

Companies Mentioned

  • 3M Company
  • Cantel Medical
  • CarroLLClean
  • Diversey, Inc
  • Ecolab
  • Gojo Industries, Inc
  • Johnson & Johnson
  • Metrex Research, LLC
  • Procter & Gamble
  • Reckitt Benckiser Group PLC
  • Steris Corporation
  • The Clorox Company
  • Whiteley Corporation

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Related Topics: Disinfectants

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Disinfectants