North America, followed by Europe, holds the largest market share for surface disinfectants. However, the highest growth rate is likely to be witnessed in the Asia Pacific and the Middle East & Africa region.
Albany, NY -- (SBWIRE) -- 09/27/2017 -- Disinfectant products are essential line of shield against deadly pathogens which pose risk of cross-contamination in medical setups. The most commonly used disinfectants in labs and hospitals are surface cleansers. Recently, the analysts have studied that global surface disinfectant market is predominantly driven by the increasing awareness generally about hygiene and cleanliness among individuals. Apart from that, rapid increase in healthcare expenditure is anticipated to foster the product demand. To provide more in-depth details about the market, Market Research Hub (MRH) has announced the inclusion of a new study to its wide repository. The study is titled as "Surface Disinfectant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2024", which provides a holistic perspective on market growth throughout the forecast period in terms of revenue estimates (in US$ Million) across different geographies, which are Asia Pacific (APAC), North America, Middle East & Africa (MEA), Europe and Latin America.
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Initially, the report presents detailed information on current market scenario of surface disinfectants in which it comprises product definition, industry evolution and upcoming trends. It has been analyzed that using proper surface disinfection can prevent infections that develop during hospitalization that are neither present nor incubating at the time of a patient's admission. At present, the rising education level and rising disposable incomes in emerging economies resulting in increased use of disinfectants to prevent germs from breeding are also acting in favor of its market growth. Looking to this steadily growing demand, the global surface disinfectant market to expand at a CAGR of 10.4% for the forecast period between 2016 and 2024 and attain a value of US$1.77 bn by 2024. The market was worth US$802.9 mn in 2016.
Moreover, the study includes precise data on drivers and restraints of the global surface disinfectant market. It also covers impact of these drivers and restraints on demand for surface disinfectant. Further, it highlights opportunities in the surface disinfectant market at the global and regional level. As per the findings, In terms of geography, North America, followed by Europe, holds the largest market share for surface disinfectants. However, the highest growth rate is likely to be witnessed in the Asia Pacific and the Middle East & Africa region. This growth is mainly aided by the rising disposable incomes, cleanliness and hygiene regulations in place by state authorities, and the expanding construction sector.
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Moving further, the report has segmented the market on the basis of product, type and application analysis. By applications, surface disinfectants are most commonly used in hospitals, clinics, and outpatient surgical centers, followed by restaurants and food chains, and household. Also, market is classified based upon product which includes sodium hypochlorite, phenols, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, biguanides, amphoterics and aldehydes. These disinfectants come in three types such as liquids, wipes and sprays. Of these, liquids account for leading share of the market due to their ease of use complemented with its favorable price. While disinfectant spray does a commendable job when it comes to cleaning restaurant surfaces and disinfecting sensitive areas.
Later, Porter's Five Forces model for the surface disinfectant market has also been included to help understand the competitive landscape. The section highlights key players operating in this market which are Henry Schein, Proctor & Gamble, 3M, Johnson & Johnson Services, Inc, Kimberly-Clark and DuPont. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies and recent developments.
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