Bio Decontamination Market Is Predicted To Reach USD 294.7 Million by 2030, Says P&S Intelligence

NEW YORK, Feb. 21, 2023 /PRNewswire/ -- The bio decontamination market size stood at USD 171.4 million in 2022, and it is on track to hitting USD 294.7 million by 2030, growing at a 7.0% CAGR between 2022 and 2030. P&S Intelligence says the expansion of this industry is owing to the escalating count of surgical procedures, surging cases of HAIs, and growing pharmaceutical and biotechnology sectors.

The largest potential for this industry is in the expanding healthcare sector. With the increasing burden of infections, proper decontamination of medical facilities is a must. Many countries learned this lesson the hard way during the pandemic, when a significant case count was attributed to healthcare facilities that were not properly sanitized.

In 2022, the equipment category accounted for the largest revenue share, of about 55%, owing to the existence of numerous pieces of sanitizing equipment and the advantages related to them.

For example, washer disinfectors are often used in the medical and pharmaceutical sectors to either clean things before application or prepare reusable items (such as surgical instruments) for further sterilization.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/bio-decontamination-market/report-sample

Hydrogen Peroxide Sale Produced Most Revenue

The hydrogen peroxide category accounted for the largest market share, of above 40%, in 2022. A variety of microorganisms can be effectively killed using low concentrations of hydrogen peroxide vapors.

Most polymers and adhesives employed in the manufacture of healthcare gadgets are incapable of withstanding high temperatures. Hydrogen peroxide vapor sterilization may be successfully performed at temperatures as low as 4 °C (39 °F).

Furthermore, due to the low D-values associated with hydrogen peroxide vapors, rapid sterilization is feasible. The isolators can be put to more-diverse uses because of the short sterilization time. Additionally, since a pressure vessel is not required with HPV, costs are lower. Moreover, as a result of the peroxide vapors' improved effectiveness, the usage of other chemicals comes down.

HAIs Cases Are Rapidly Increasing in North America

With a share of about 45%, North America is the largest market, attributed to the growing count of surgical procedures and HAI cases and the existence of key players.

• In the U.S. and Canada, after heart disease, cancer ranks as the second-most-common cause of death. In contrast to prostate and breast cancer, which are the most-often-diagnosed malignancies in men and women, respectively, lung cancer is the most-common cause of cancer mortality in both sexes.

Browse detailed report on Bio Decontamination Market Growth, Development and Demand Forecast to 2030

Moreover, the European region has a significant share, of above 25%, primarily due to the mounting prevalence of HAIs. In the EU each year, over 4 million patients contract a healthcare-related infection.

• In Europe, several distinct national-level systems provide healthcare services. As European customers seek more convenience, more alternatives, and shorter wait times, the private healthcare industry is booming.

Bio Decontamination Market Segmentation Analysis

Bio Decontamination Market Analysis by Product

• Equipment
• Consumables
• Services

 Bio Decontamination Market Analysis by Agent

• Hydrogen Peroxide
• Nitrogen Dioxide
• Peracetic Acid
• Chlorine Dioxide

Bio Decontamination Market Analysis by Type

• Room Decontamination
• Chamber Decontamination

Bio Decontamination Market Analysis by End User

• Hospitals & Other Healthcare Facilities
• Life Sciences Research Companies
• Pharmaceutical Companies
• Medical Device Companies

Bio Decontamination Market Regional Analysis

• North America
• U.S.
• Canada
• Europe
• France
• Germany
• Italy
• Spain
• U.K.
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• Saudi Arabia
• South Africa
• U.A.E.

Browse More Reports Published by P&S

Cleanroom Technology Market Share, Growth, Development and Demand Forecast to 2030

Medical Equipment Maintenance Market Share, Growth, Development and Demand Forecast to 2030

IVF Devices and Consumables Market Share, Growth, Development and Future Analysis

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter

Logo - https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg 

SOURCE P&S Intelligence