Global Surface Disinfectants Market - 2023-2030

Market Overview

The Global Surface Disinfectants Market reached US$ 3.1 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 5.7 billion by 2030. The global Surface Disinfectants market is expected to exhibit a CAGR of 8.1% during the forecast period 2023-2030.

The increase in the number of hospital-associated infection cases, rising product launches, introductions of new disinfectant chemicals, government initiatives, and increasing awareness about sanitization are among the factors expected to boost the global surface disinfectants market growth in the forecast period.

Market Dynamics

Increasing Number Of Hospital Admission Drive The Growth Of The Surface Disinfectants Market.

The increasing number of hospital admission are leading to an increased requirement for surface disinfection is expected to boost the global surface disinfectant market growth in the forecast period. For instance, according to 2022 data from the American Health Association, there were roughly 33,356,853 hospital admissions in 2022. Many of these admissions were due to chronic diseases and critical procedures like heart bypass surgery.

The Increasing Funding From The Government Is Expected To Present The Global Surface Disinfectants Market With Growth Opportunities.

The increasing funding from the government to boost the healthcare system is estimated to present the global surface disinfectant market with prospective growth opportunities. For instance, the Indian government is preparing to present a credit incentive program worth Rs. 500 billion (US$ 6.8 billion) to expand the country's healthcare infrastructure.

The Presence of Stringent Regulatory Bodies is Estimated To Hamper The Global Surface Disinfectants Market During The Forecast Period.

The presence of stringent regulatory bodies for the approval of newly developed surface disinfectants is hampering the global market growth in the forecast period. For instance, the disinfectant registration services are controlled under Drug and Cosmetics Act by The Central Drugs Standard Control Organisation (CDSCO) and all ordinances relevant to drugs are required to be obeyed for enlisting disinfectants.

COVID-19 Impact Analysis.

The financial health of companies across all industries has been impacted by the COVID-19 pandemic and lockdown in numerous nations throughout the world. Therefore, for the period of the COVID-19 public health emergency, the U.S. Food and Drug Administration (FDA) issued guidelines that include general considerations to aid sponsors and researchers, ensuring the safety of trial participants, adhering to good clinical practice (GCP), and minimizing risks to trial integrity.

Russia-Ukraine War Impact Analysis.

The Russia-Ukraine conflict is thought to hold a moderate influence on the global Surface Disinfectants market, as there is a low incidence of sports injuries and a lack of primary market players in this region. Though continuing to countenance invasions from Russian armies, Ukrainian clinics are forced by growing numbers of deaths and limited medical aid. There are shortages across all products of medications. Again, the significance of the import and export of fundamental materials are expected to slightly impact the global surface disinfectants market growth in the forecast period.

Segment Analysis

The Global Surface Disinfectants Market is segmented based on product, formulation, end-user, and region.

The Hospital End-User Segment is Estimated to Dominate the Global Surface Disinfectants Market.

With the increasing growth in the number of hospitals, the hospital end-user segment is estimated to hold about 38.5% of the global market by 2030. For instance, India is home to more than 69,000 public and private hospitals, comprising nearly 1.8 million beds. The country provides free healthcare services through its public health system governed independently by individual states and union territories.

Geographical Analysis

Europe is Estimated to Hold 27.7% of the Market Share Owing to the Growing Cases of Chronic Conditions in this Region.

Owing to the increased healthcare expenditure and utilization the European surface disinfectant market is estimated to hold about 27.7% of the global market share. For instance, according to the EuStats, there were more than 8,670 hospital discharges per 100,000 inhabitants in Albania in 2021, the most inferior percentage of in-patient discharges comparable to inhabitants proportions in the region, it was 4 % down corresponded to 2011.

Kosovo registered more than 8,815 hospital discharges per 100 000 inhabitants in 2021. In 2021 public expenditure on health in the EU was assessed at 8.8 % of GDP, while whole expenditure amounted to 10.9 %. This stood more elevated than in all the Western Balkans and Turkiye. In 2021, expenditure on health and the percentage of public health expenditure grew by 0.9% points each corresponding to 2011.

Competitive Landscape

The major global players in the market include: Procter & Gamble, Reckitt Benckiser Group plc., Carroll Company, Cantel Medical Corporation, UPS Hygiene Pvt. Ltd., Metrex Research, LLC., STERIS plc., Whiteley Corporation, PURE Bioscience, Inc. and Henkel AG, among others.

Why Purchase the Report?

• To visualize the Global Surface Disinfectants Market segmentation based on product, formulation, end-user, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous surface disinfectant market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available in Excel consisting of key products of all the major players.

The Global Surface Disinfectants Market Report Would Provide Approximately 53 Tables, 54 Figures And 195 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies