Markets

Factors Behind the Growing Disinfection Services Market

The global market for high-level disinfection services is expected to reach $42 billion by 2030, according to this report. The market is expected to expand at a compound annual growth rate (CAGR) of 7.30 percent from 2022 to 2030, according to recent research and market findings.

Increasing prevalence of hospital-acquired infections (HAIs) and surgical site infections, increasing number of surgeries along with rising incidence of chronic disorders and impact of COVID-19 are the key driving factors for the market. Increasing prevalence of HAI due to lack of sanitation and preventive measures is the major factor expected to drive the growth of the market during the forecast period. Unclean medical devices are a key source of hospital-acquired infections. According to a report released by the CDC in 2017, hospital-acquired infections lead to more than 99,000 deaths each year.

Also, according to antimicrobe.org, HAP accounts for about 27.00 percent of all nosocomial infections acquired in intensive care units (ICUs). Since these products are required for disinfection and cleaning of various hospital equipment, these cases are expected to increase the demand for high-level disinfection services. Moreover, the sudden outbreak of COVID-19 worldwide is one of the major factors driving the growth of the market. According to Worldometer estimates, as of April 26, 2021, there are a total of 147,884,279 cases in the world. If more people become infected with the coronavirus, there will be a significant need for critical care supplies, which will increase the demand for high-level disinfection services.

Furthermore, major players operating in the market are developing HLDs that are effective against COVID-19. For example, LANXESS developed Reli+On Vircon and Solvay’s PROXITANE, which is effective against the coronavirus.

Key findings

• The outsourcing segment accounted for the largest revenue share in 2020. Several benefits associated with outsourcing, such as cost savings, customized sanitization services, and use of advanced technology, are the major factors driving the segment’s growth

• Glutaraldehyde segment accounted for the largest revenue share in 2020 and is expected to witness the fastest growth during the forecast period due to increasing number of operations

• The hospital and clinic segment had the largest share of revenue in 2020. The growth of the segment is mainly driven by the increasing number of hospital-acquired infections and the increasing number of people suffering from the coronavirus

• In Asia Pacific, the market is expected to witness the fastest growth rate during the forecast period due to increasing prevalence of chronic disorders

You can access the full report here.


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