Bio Decontamination Market: Current Analysis and Forecast (2021-2027)

Bio Decontamination Market: Current Analysis and Forecast (2021-2027)

Global Bio Decontamination Market is anticipated to grow with an elevated CAGR of around 6% over the forecast period (2021-2027). Decontamination is mainly used to reduce the microbial contamination of materials or surfaces and can be done with the use of a chemical disinfectant. It is essential to prevent researchers from the exposure and contamination of experiments.

The bio decontamination market is growing on account of the rising prevalence of infectious diseases and hospital-associated infections (HAI), especially in the elderly population, and people suffering from chronic ailments. For instance, in any developed country, 7 out of every 100 hospitalized patients probably develop hospital-acquired infections, while this number is expected to rise to 10 in developing countries owing to its not so well-maintained healthcare infrastructure, as per the WHO. Furthermore, the rising awareness regarding the prevention of viruses and stringent regulations pertaining to the prevention of microbial contamination are some of the prominent factors adding pace to the market growth.

Additionally, the growing technological advancement and frequent product launches by various decontamination devices are some of the factors driving the market growth. For example, in October 2021, STERIS launched the next generation of integrated Vaporized Hydrogen Peroxide (VHP) bio decontamination systems for customers wanting to achieve up to a six-log bioburden reduction in GMP pharmaceutical, medical device, and research environments. Moreover, the booming bio-pharma industry and the surging need to maintain hygienic and aseptic surroundings in these companies are some other factors driving bio decontamination market.

Ecolab Inc., Steris, TOMI Environmental Solutions, Inc., JCE Biotechnology, Fedegari Autoclavi SpA, Zhejiang Tailin Bioengineering Co., Ltd., Noxilizer, Inc., Wenzhou Weike Biological Laboratory Equipment Co., Ltd., ClorDiSys Solutions Inc., Amira S.r.l., are some of the prominent players operating in the bio decontamination market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with bio decontamination solutions.

Insights Presented in the Report

“Amongst Product & Services, equipment segment holds the major share”

Based on product & services, the bio decontamination market is segmented into equipment, services, and consumables. The equipment segment accounted for the largest market share in 2020 it is estimated that it will exhibit the highest CAGR during the forecast period. The growth of this segment can be attributed to the launch of new and advanced instruments by various industry players. Furthermore, the reduced need for manual intervention and growing adoption of portable instruments for bio decontamination is also leading to an increased demand for equipment among different end-user industries.

“Amongst Agent Type, hydrogen peroxide segment holds the major share”

Based on agent type, the bio decontamination market is segmented into hydrogen peroxide, chlorine dioxide, peracetic acid, and nitrogen dioxide. The hydrogen peroxide segment occupied the major share of the bio decontamination market in 2020 and it is expected to grow with substantial CAGR in the upcoming years as hydrogen peroxide is a strong oxidant with a high antimicrobial power both against a wide variety of bacteria and for bacterial spores that are most resistant to bio decontamination.

“Amongst Type, room decontamination segment holds the major share”

Based on type, the market is fragmented into chamber decontamination and room decontamination. In 2020, the room decontamination segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The growth of this segment is attributed to the increasing influx of advanced gassing systems in the clean rooms. Also, the requirement for an optimum level of cleanliness and microbial control in these clean rooms has paved the path for bio decontamination in these rooms.

“Amongst End-Users, pharmaceutical & medical device manufacturing companies segment holds the major share”

Based on end-users, the market is fragmented into pharmaceutical & medical device manufacturing companies, life sciences & biotechnology research organizations, and hospitals & healthcare facilities. In 2020, the pharmaceutical & medical device manufacturing companies segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period as they are the largest consumers of the bio decontamination products & services. Also, the escalating number of pharmaceutical & medical device companies in developing countries, mounting usage of single-use products and increasing requirement to confirm sterility are the factors growing the demand for bio decontamination services in these companies globally.

“Asia-Pacific represents one of the largest markets of bio decontamination market”

For a better understanding of the market dynamics of the bio decontamination market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Asia-Pacific constitutes a major market for the bio decontamination market industry and generated revenue of USD XX Million in 2020 owing to growing adoption of advanced decontamination solutions in the healthcare industry in the region.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry