Rising Opportunities in the Emerging Industry to Boost the Growth of the Surface Disinfectant Market
According to the new market research report “Surface Disinfectant Market by Type (Quaternary Ammonium Compounds, Chlorhexidine Gluconate, Phenol, Alcohol, Aldehyde), Formulation (Liquid, Spray, Wipe), Application (In-house, Instrument), End User (Hospitals, Laboratories) — Global Forecast”, published by MarketsandMarkets™, the surface disinfectants market is expected to reach USD 789.1 Million, at a CAGR of 8.3%
The increasing number of surgical procedures, rising geriatric population, and subsequent growth in the prevalence of chronic diseases are major factors that are driving the growth of this market.
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By application, the in-house application segment is expected to dominate the market
On the basis of applications, the surface disinfectants market is segmented into in-house, instrument disinfection, and other applications. The in-house application segment accounted for the largest share of the market. The growth of this market segment is mainly driven by the need to reduce the rising incidence of HAIs.
Browse and in-depth TOC on “Surface Disinfectant Market”
102 — Tables
34 — Figures
148 — Pages
By end user, the hospital's segment is expected to hold the largest share of the market in 2017
In the end user, the surface disinfectants market is segmented into hospitals, clinical laboratories, pharmaceutical companies, and other end users. The hospital's segment holds the largest share in the market. The growth is primarily attributed to the rising incidence of HAIs and growth in the number of hospitals in emerging countries.
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Asia to offer lucrative growth opportunities
By region, the global surface disinfectants market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). While North America holds the largest share of the market, Asia is expected to grow at the highest CAGR during the forecast period. The presence of emerging economies like China and India; the large population; growth in the number of hospitals, and increasing awareness about infection control in the region are some major factors driving the high growth of this regional segment.
Some of the major players operating in the surface disinfectants market are 3M Company (U.S.), Cantel Medical Corporation (U.S.), Johnson & Johnson (U.S.), Procter & Gamble (U.S.), Reckitt Benckiser Group plc. (U.K.), The Clorox Company (U.S.), Sealed Air Corporation (U.S.). Steris Corporation (U.S.), and Ecolab (U.S.).