Significance of Technology Development in Disinfectant Spray Market
According to the latest Arizton's market research report, the disinfectant spray market size to reach USD 19.5 billion by 2026, growing at a CAGR of approximately 12% during the forecast period.
Disinfectant Spray Market – Growth Analysis
The rapid increase in the production of raw materials and finished healthcare disinfectants and sanitizers is expected to boost disinfectant spray market growth across the world. Modern technologies for effective compositions of disinfecting products help in improving the disinfection and cleaning of environmental surfaces in healthcare settings. This surge in growth can be attributed to the growing incidence/prevalence of several HAIs across the world. Several factors, including the rising prevalence of HAIs such as surgical site infection (SSIs), bloodstream infections, and pneumonia that occur in ICUs, and other infectious diseases across the world, contribute to the market growth.
Read: UV Disinfection Equipment Market - Global Outlook and Forecast 2020-2025
What’s Trending in the Market?
- According to the WHO, approximately 234 million major surgical procedures are performed every year across the world.
- A sudden surge in demand for healthcare disinfectants and sanitizers has been met with a spike in supply from counterfeiters, who are manufacturing healthcare disinfectants and sanitizers by copying the branding of prominent players.
- Multiple evidence-based studies suggest that hand sanitization significantly helps in reducing the transmission of pathogens and the incidence of HAIs.
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Key Offerings:
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, end-users, form, composition, and geography
- Competitive Landscape – 7 Key Company Profiles and 45 Other Prominent Vendors
Leading Country in the Disinfectant Spray Market
Europe is known as the largest market for disinfectant and sanitizer across the globe. HAIs coupled with improved healthcare infrastructure and availability of technologically advanced healthcare disinfectants and sanitizers are driving the growth of the healthcare disinfectant spray market in Europe. The region, particularly Western Europe, has a sophisticated and established healthcare infrastructure, and people have access to advanced healthcare services, including advanced treatment for many chronic diseases such as heart diseases and others. UTI is the most prevalent HAI infection, with a prevalence rate of 27%. Therefore, accelerating the uptake of advanced medical grade disinfecting and sanitizing products for the effective management of such rising HAI incidences will boost demand in the European market.
Read: Air Purifier Market - Global Outlook and Forecast 2020-2025
Strategies Adopted by the Players of the Disinfectant Spray Market
Disinfectant spray market key players are dominating the global landscape with substantially greater financial, manufacturing, marketing, and technical resources that leads to widespread distribution channels, broader product offerings as well as established customer base. Technological advances in composition formulation are one of the leading factors that are contributing to the rapid change in the global disinfectant spray market with advanced, effective products. Though the disinfectant spray market is dominated by major players, other players are also focusing on the continuous development, with competitive pricing and more safety. Since disinfectants and sanitizers are essential to fight against virus contamination, and threats from COVID-19, the demand is expected to remain high in the future.
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