SURFACE DISINFECTANT MARKET ANALYSIS

Market Challenges And Opportunities

• Complications associated with the sterilization and disinfection 
• Lack Of Uniformity In Legislation

Global Surface Disinfectant Market Restraints:

Complications associated with the sterilization and disinfection of advanced medical devices

The problems of how to perform acceptable cleaning, disinfection, and sterilization of medical devices have become more complex in the recent years.

Lack Of Uniformity In Legislation

Lack of uniformity in legislation has hindered market expansion. This makes it difficult for manufacturers to create consistent treatments. Second, a shortage of raw resources is causing a rise in prices. Also, in some countries, surface disinfectants are not subject to specific laws, making it difficult for businesses to comply with the rules.

Global Surface Disinfectant Market Drivers:

Growing incidence of hospital-acquired infections is augmenting market growth

According to the World Health Organization (WHO), with 100 hospitalized patients at any given time, 10 in developed and seven in developing countries, acquire minimum one healthcare-associated infection. According to the Center for Disease Control and Prevention (CDC), in American hospitals alone, about 1.7 million people are affected by the hospital acquired infections each year. Thus, with the growing cases of infection the demand of surface disinfectants will rise over the forecast period.

Rise in geriatric population and subsequent growth in the prevalence of chronic disease to favor market growth

According to a new report, World Population Ageing 2019 (United Nations, 2019), the elderly population continues to grow at an unprecedented rate. There were about 703 million people aged 65 years or above in the world in 2019. The number of these patients are projected to be double (to reach 1.5 billion) by 2050. Moreover, according to one of the research report, the estimated expenditure to treat chronic conditions is expected to reach US$ 4.2 trillion by 2026.

Global Surface Disinfectant Market Opportunities:

Several players have launched new product developments and strategies to strengthen their market presence and this is projected to offer significant growth opportunities. For example, in June 2020, Reckitt Benckiser has formed a strategic alliance with Diversey. Another player, Zep Inc., launched a new line of UVC-based surface disinfectant solutions.

The increasing demand for household and commercial products has created a lucrative environment for global surface disinfectant industry players. For instance, in October 2020, Piramal Pharma Limited’s Consumer Products Division has announced that its Tri-Activ Disinfectant Spray for multi-surfaces is ’99.9 per cent effective against the COVID-19 virus in one minute".