Global Surface Disinfectant Market 2017-2021
About Surface Disinfectant
Surface disinfectants are the chemical substances that kill or fight against pathogens such as viruses, bacteria, and fungi, present in non-living objects. Chemical substances that hinder the growth of micro-organisms that breed in the body of living organisms are known as antiseptics. Disinfectants are applied to non-living objects or surfaces such as floors, walls, and countertops. Disinfectants are antimicrobial agents that are indifferent to antibiotics and antiseptics, as they do not kill micro-organisms breeding in the body of living organisms.
Technavio’s analysts forecast the global surface disinfectant market to grow at a CAGR of 11.70% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global surface disinfectant market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Surface Disinfectant Market 2017-2021
Technavio recognizes the following companies as the key players in the global surface disinfectant market: 3M, The Clorox, Johnson & Johnson, Reckitt Benckiser Group, and STERIS.
Other Prominent Vendors in the market are: Anti-Germ International, KCWW, Medline Industries, Metrex Research, Microgen, Procter & Gamble, Sealed Air, Thymox, Tristel Solutions, and Whiteley.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing innovative products. The introduction of innovative products or technology will drive the market in the forecast period. Manufacturers of surface disinfectants are adopting new technologies to enhance the efficiency of the products, differentiating them from the existing ones.”
According to the report, one driver in the market is rising investment in the healthcare sector. The global surface disinfectant market is growing with the increased expenditure in the healthcare sector. According to OECD data, the expenditure on healthcare by the US in 2016 accounted for 17.2% of the GDP, and it is estimated to account for around 18.5% of GDP by 2021. The budget that includes the expenditure on healthcare depicts the overall growth of the country, its concern about deaths and illnesses due to the spreading of infectious diseases. The tremendous increase in the expenditure on the healthcare sector in the US was due to government policies and change in lifestyle; the US government started several health awareness programs.
Further, the report states that one challenge in the market is availability of a substitute. The global surface disinfectant market is facing problems due to the presence of ultraviolet (UV) radiation as a substitute. Ultraviolet germicidal irradiation is a technique to kill or restrict the effects of micro-organisms by attacking their deoxyribonucleic acid (DNA) and destroying the nucleic acids. This technique is used in various operations like air, water, and food purifications. The UV-disinfection technique decelerates and deactivates the bacteria, fungi, and viruses. The UV-radiation technique is safer to use, and is reliable, and inexpensive.
3M, The Clorox, Johnson & Johnson, Reckitt Benckiser Group, and STERIS, Anti-Germ International, KCWW, Medline Industries, Metrex Research, Microgen, Procter & Gamble, Sealed Air, Thymox, Tristel Solutions, and Whiteley.
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