The global Disinfection Equipment Market is anticipated at USD 8.5 million in 2022. The disinfection equipment is expected to witness a massive spike from commercial to household settings, owing to the increased spending on healthcare.
The market is expected to garner USD 30.5 million in 2033, recording a CAGR of 12.4% from 2023-2033. The market is likely to secure USD 9.5 million in 2023. The Asia Pacific market is projected to expand significantly due to the rapid growth of the consumer product market.
Data Points | Kay Statistics |
---|---|
Disinfection Equipment Market Size Value in 2023 | USD 9.5 million |
Disinfection Equipment Market Forecast Value in 2033 | USD 30.5 million |
Global Growth Rate | 12.4% |
Forecast Period | 2023 to 2033 |
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Increased stringent regulations by governments and growing hygienic needs of the population and increased incidences of different chronic disorders contribute to the growth of the market.
Increased health awareness among the population across the globe has resulted in the implementation of different Disinfection products in households as well as in the industrial sector. As a result, demand for disinfection equipment has risen in recent years.
With the increased demand the key manufacturers of disinfection equipment have increased their production capacity of the production plants. Thus the sales of Disinfection equipment across the globe are anticipated to show an exponential rise. Also, the market players are attempting to deliver comprehensive solution ideas particularly to end users, which is assisting the disinfection equipment industry’s growth
As per Future Market Insight, a market research and competitive intelligence provider, the global disinfection equipment market was valued at USD 8.5 million in 2022.
The growing demand for UV disinfection is likely to drive the market growth
The increased consumer awareness regarding air pollution and increased rate of air-bone diseases is projected to drive the demand for UV disinfection, ultimately driving the market growth during the forecast period.
The increasing demand for UV disinfection equipment in hospitals, and specialty centers owing to the increased rate of infections is driving the market growth. The growing innovations in technology are likely to boost the demand for the Disinfection equipment market.
For instance, the Mumbai-based organization Inphlox water system develops refrigerators-like devices to disinfect protective gear like masks and gloves. This equipment uses ultraviolet light and electrostatic discharge to ensure protective gear has no contaminants.
Increased Influence of Regulatory Bodies to Drive the Growth of the Market during the Forecast Period
Some international organizations like the Centre for Disease Control and Prevention have introduced guidelines on disinfecting public places. Thus the use of electrostatic sprayers is necessary to adhere to these guidelines. As disinfectant is the key soldier against viruses, the sales of disinfection equipment are exacted to surge over the assessment period.
The United States Environmental Protection Agency has taken action to ensure the proper disinfectant of public places in North America. EPA’s new guidance has requested to add electrostatic spraying direction for newly registered spraying disinfectant products. All these steps taken by the international organization are positively affecting the sales of the disinfection equipment market.
The disinfection equipment market in North America is expected to accumulate the highest market share of 45% in 2023. The growth in North America is attributed to the rising consumer awareness in the region and higher spending on hygienic products.
Favorable healthcare policies and the presence of leading market players like Merck & Co are supporting the growth in the USA. Strategies undertaken by these companies like new product launches and expansion, continue adding overall expansion in the USA.
The country follows strict standards of disinfection and hygiene, monitored by the USA Occupational Safety and Health Administration (OSHA). Stringent regulations by OSHA have compelled industries to adhere to certain strict safety standards, which created an opportunity for market growth.
Introduction of the new innovative product by the manufacturer to boost the growth of the market.
The disinfection equipment sales in the United Kingdom will keep rising at a steady pace during the forecast period 2023 to 2033. The sales of Disinfection equipment and cleaners have increased significantly during the pandemic and this trend is expected to continue throughout the assessment period.
The growing industrialization and urbanization are the major factor driving product demand. Also, the increased rate of various HAIs is anticipated to increase the demand for disinfection equipment in hospitals.
Increasing health awareness to drive the growth of Disinfection equipment in India
During the assessment period, the disinfection equipment market in East Asia is expected to accumulate a revenue share of 32%. The sales of disinfection equipment in India are driven by factors such as an increase in airborne infections and a rise in consumer health consciousness.
Rising awareness regarding health hazards and diseases caused due to exposure to harmful particulates at workplaces or homes drives the growth of the market. Also, other factors such as a growing population with an increased disposable income along with rapid urbanization and industrialization, boost the growth of the market in India.
Also, the increased water problems and increased demand for a safer water supply are expected to boost product sales in the country.
The UV Disinfection Segment generated high revenue
Based on the equipment type, the UV disinfection segment is expected to dominate the market in the forecast period. Disinfection sprays, electrostatic sprays, and UV disinfection are the commonly used disinfected equipment. The segment is projected to exhibit a market share of 45.5% during the forecast period.
The market is witnessing the wide application of Disinfection equipment in the commercial, household, and industrial sectors. On the other hand, the disinfection sprays segment accounts for a market share of 32.5% throughout the forecast period.
Commercial segment to gain a significant traction
Based on the end-user the disinfection equipment market is segmented into household, commercial, and industrial users. Among all these commercial remains the top end-user category expected to expand with a market share of 42.3% throughout the forecast period. The business owners are investing in Disinfection equipment to ensure proper sanitation and a protected environment.
On the other hand, a market share of 35.5% is projected for the Household segment by FMI until 2033. The growing emergence of advanced disinfecting techniques and equipment has led to the growth of the household segment.
Online retailers account for the highest market share
Based on distribution channel, the disinfection equipment market is segmented into wholesalers/distributors, online retailers, independent small stores, and other sales channels. The online retailer is likely to account for maximum sales of Disinfection equipment during the forecast period.
The increased number of consumers are shopping online due to the increased preference for convenience, thus many manufacturers are focusing on the expansion of their online presence. Even their marketing strategies rea are a clear indication of preference for consolidating opportunities across online platforms.
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New players in the disinfection equipment market such as Steelco, Sterile Systems, SterilAir, Seaknam Products, and Lumi among others, are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance
It also helps in the UV disinfection of water by using UVC light without the use of chemical substances or thermal processes. Other services include ozone odor control and many more.
It also offers water purification devices such as the AQUASTERA/AquaUVtron water disinfection system that uses UV-C technology to provide reliable drinking water disinfection without changing the original properties of the water.
Prominent players in the Disinfection equipment market are Trojan Technology, Belimed AG, GetingeAB, Advanced Sterilization Products Services Inc, Xylem, Sotera Health, Shinva Medical Instruments, Steris Corporation, Matachana, 3M Healthcare, Heraeus, BD, Cardinal Health among others
Leading players operating in the global disinfection equipment market are focusing on intensive research and development for launching innovative products and services in the market. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.
Recent Developments:
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 12.4% from 2023-2033 |
Market Value in 2023 | USD 9.5 million |
Market Value in 2033 | USD 30.5 million |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Equipment Type, End-user, Distribution Channel, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, GCC Countries, South Africa, Israel |
Key Companies Profiled | Trojan Technology; Belimed AG; GetingeAB; Advanced Sterilization Products Services Inc.; Xylem; Sotera Health; Shinva Medical Instruments; Steris Corporation; Matachana; 3M healthcare; Heraeus; BD; Cardinal Health |
Customization & Pricing | Available upon Request |
The online retailers holds high revenue potential.
The global market is estimated to capture a valuation of USD 9.5 million in 2023.
The market is forecast to register a CAGR of 11.4% through 2033.
During 2018 to 2022, the market registered a CAGR of 12.4%.
The rising awareness towards health and innovation of products increases current market trends.
Estimated Market Value in 2023 | USD 36,075.74 million |
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Projected Market Value in 2033 | USD 75,575.0 million |
CAGR from 2023 to 2033 | 7.7% |
Market Size Value (2023) | USD 12.9 billion |
---|---|
Market Size Value (2033) | USD 18.9 billion |
Market CAGR (2023 to 2033) | 4.6% |
Home Audio Equipment Market CAGR (2022 to 2032) | 12% |
---|---|
Home Audio Equipment Market (2032) | USD 90 Billion |
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