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Classified in: Health, Science and technology
Subject: MRR

Bio Decontamination Market worth $339 million | MarketsandMarkets


CHICAGO , June 5, 2023 /PRNewswire/ -- The bio decontamination industry is poised for significant growth and advancements in the near future. With increasing awareness and focus on public health and safety, the demand for effective bio decontamination solutions is on the rise. Bio decontamination technologies, such as vaporized hydrogen peroxide (VHP) and chlorine dioxide, are becoming more sophisticated and efficient, allowing for the elimination of a wide range of pathogens and contaminants in various settings, including healthcare facilities, laboratories, and food processing plants. Additionally, the integration of automation and robotics in bio decontamination processes is streamlining operations and ensuring precise and consistent results. This industry is also witnessing the development of novel methods, such as plasma-based decontamination, which offer unique advantages in terms of speed, efficacy, and safety. Furthermore, the adoption of sustainable and eco-friendly decontamination solutions is gaining traction, aligning with the global push for environmental responsibility. The bio decontamination industry is poised to play a vital role in safeguarding public health and creating safer environments, and its continued evolution and innovation promise a future where the risks associated with pathogens and contaminants are effectively mitigated.

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Bio Decontamination Market in terms of revenue was estimated to be worth $238 million in 2023 and is poised to reach $339 million by 2028, growing at a CAGR of 7.3% from 2023 to 2028 according to a new report by MarketsandMarketstm. The growth of this market is majorly driven by the surging occurrences of hospital-acquired infections and the accumulating number of medical procedures. However, Safety concerns regarding hazardous chemicals may challenge the growth of this market.

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Browse in-depth TOC on "Bio Decontamination Market"

115 - Tables 
29 - Figures
178 - Pages

Bio Decontamination Market Scope:

Report Coverage

Details

Market Revenue in 2023

$238 million

Estimated Value by 2028

$339 million

Growth Rate

Poised to grow at a CAGR of 7.3%

Market Size Available for

2021?2028

Forecast Period

2023?2028

Forecast Units

Value (USD Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Product & Service, Agent type, Type, End User and Region

Geographies Covered

North America (US, Canada), Europe (Germany, France, UK, Spain, Italy, and RoE), APAC (China, India, Japan, and the RoAPAC), and Rest of the World (Latin America- and Middle East & Africa)

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Growing healthcare sector and increasing outsourcing in emerging economies

Key Market Drivers

Rising growth in pharmaceutical & biotechnology industries

Germany in European bio decontamination market to witness the highest shares during the forecast period.

The Europe bio decontamination Market is segmented into Germany, Italy, France, Spain, the UK, and the Rest of Europe. Germany is projected to occupy the highest share during the forecast period. The major factors contributing to the growth of this market are the rising geriatric population, increasing incidence infectious diseases, also country is leading manufacturers of high-quality medical equipment which generates high demand for bio decontamination products and services used by medical device manufacturers.

Pharmaceutical & Medical Device Manufacturing Companies in End user' bio decontamination market to witness the highest shares during the forecast period.

Based on the end user, the Bio Decontamination Market is segmented into Pharmaceutical & Medical Device Manufacturing Companies, Life Sciences & Biotechnology Research Organizations, Hospitals & Healthcare Facilities. The Pharmaceutical & Medical Device Manufacturing Companies registered the highest CAGR, as these sectors primarily need decontamination to ensure the safety, integrity, and quality of their products, as well as to maintain regulatory compliance hence the growth in these sectors will drive the growth of bio decontamination market.

Japan dominates the Asia Pacific bio decontamination market

The APAC bio decontamination market is segmented into Japan, China, India, and Rest of Apac. In 2022, Japan accounted for the largest share of the Asian bio decontamination market. The large share of Japan can be attributed to high prevalence of HAIs, with antimicrobial-resistant (AMR) infections caused by MRSA being the most prevalent type of HAIs and having the highest senior population ratio in the world.

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Bio Decontamination Market Dynamics:

Drivers:

1.  Rising incidence of hospital-acquired infections

2.  Increasing number of surgical procedures

3.  Growing outsourcing of bio decontamination services to third-party providers

4.  Rising growth in pharmaceutical & biotechnology industry

5.  Stringent regulatory guidelines for pharmaceutical & medical device manufacturing companies

Restraints:

1.  Use of manual bio decontamination methods in emerging economies

2.  Rising adoption of single-use medical devices

3.  Availability of alternative techniques

Opportunities:

1.  Growing healthcare sector in emerging markets

2.  Increasing establishment of pharmaceutical & medical device companies

3.  Rising adoption of nitrogen dioxide bio decontamination

4.  Increasing number of hospitals and healthcare facilities

Challenges:

1.  Challenges associated with equipment & technology costs

2.  Variability of pathogen resistance

3.  Safety concerns regarding hazardous chemicals

Trends:

1.  Increasing focus on infection control

2.  Adoption of eco-friendly decontamination products

Key Market Players:

The significant players in the Bio Decontamination market are Steris PLC (US), Ecolab (US), TOMI Environmental Solutions, Inc (US), JCE Biotechnology (France), Fedegari Autoclavi SpA (Italy), Zhejiang TAILIN Bioengineering Co., LTD (China), Howorth Air Technology Ltd. (UK), Solidfog Technologies (Belgium), ClorDiSys (US), Amira (Italy)

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Recent Developments:

Bio Decontamination Market Advantages:

Overall, the bio decontamination market offers reliable and efficient solutions for pathogen elimination, versatility in applications, rapid and non-destructive processes, environmental friendliness, and compliance with regulations. These advantages make bio decontamination an essential component in ensuring the safety and well-being of individuals and maintaining a clean and controlled environment in various industries.

Bio Decontamination market - Report Highlights:

Related Reports:

Sterile Filtration Market - Global Forecasts to 2028

Home Healthcare Market - Global Forecasts to 2027

Sterilization Equipment Market - Global Forecasts to 2027

Infection Control Market - Global Forecasts to 2027

Surface Disinfectant Market - Global Forecasts to 2026

About MarketsandMarketstm:

MarketsandMarketstm is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStoretm (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarketstm.com or follow us on Twitter, LinkedIn and Facebook.

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