The Global Surface Disinfectant Market Growth Accelerated By Rising Healthcare Sector Spending

 

Surface disinfectants are highly effective chemical agents widely used to eliminate germs and microbes from surfaces through a process of disinfection. They are increasingly being used across various end-use industries such as healthcare, commercial spaces, households and food processing among others to curb the spread of infections.

The global surface disinfectant market is estimated to be valued at US$ 7347.2 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rising prevalence of Hospital Acquired Infections (HAIs) has been a key driver propelling the growth of the surface disinfectant market over the recent past. Hospital acquired infections or nosocomial infections refer to infections that patients acquire during the course of treatment for other health issues. It is estimated that on any given day, about one in 25 hospital patients in developed countries will acquire at least one nosocomial infection. This has increased the demand for surface disinfectants across healthcare facilities to ensure the safety of both patients and medical staff by reducing the risk of cross-contamination through frequently touched surfaces. Furthermore, increasing healthcare expenditure in developing nations is also contributing to the market growth as governments and healthcare providers are paying more attention to utilization of effective disinfection practices to curb HAIs.

Segment Analysis

The global surface disinfectant market is dominated by the liquids segment. Liquid surface disinfectants hold approximately two-third share of the overall market, as they are easy to use and suitable for disinfecting hands, equipment, and medical devices. The growing awareness about health and hygiene further increases the demand for liquid disinfectants among consumers and healthcare facilities.

Key Takeaways

The Global Surface Disinfectant Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global surface disinfectant market is estimated to be valued at US$ 7347.2 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023-2030.

North America is currently the dominating as well as the fastest growing regional market. Stringent regulations regarding infection control and increasing healthcare expenditure drives the market growth in the region. Some of the key factors contributing to the market expansion in North America include growing awareness about HAIs, implementation of guidelines for disinfection and sterilization by healthcare facilities, and presence of major market players. For instance, the Centers for Disease Control and Prevention (CDC) provides guidelines for environmental infection control in healthcare facilities. Moreover, major market players dominate the region, which ensures wide availability of surface disinfectants.


Key players operating in the surface disinfectant market include 911 Restoration, ADU (All Dry USA), AdvantaClean, All US Mold Removal, ASAP Restoration, LLC, BELFOR, COIT Pro, Flood Pros USA, GIORDANO RESTORATION, IDC, Mold Zero, Paul Davis Restoration, Inc., PuroClean, Restoration Pro, RestoreMasters LLC, ServiceMaster Restore, SERVPRO, Snyder Environmental, South Florida Water and Mold Restoration, Inc., Taylored Restoration.

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