What is Bio Decontamination?
An increasing number of road accidents and the rising prevalence of chronic diseases requiring surgical interventions are contributing to the increasing surgical procedures. A growing number of surgical procedures across the globe will drive the bio-decontamination market over the forecast period. Surgical instruments require decontamination to render them safe for their reuse. Contamination of these devices can lead to life-threatening conditions such as hospital-acquired infections. As a result, demand for bio-decontamination products and services is predicted to rise with increasing surgical procedures.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | STERIS (United States), Ecolab, Inc. (United States), TOMI Environmental Solutions, Inc. (United States), JCE Biotechnology (France), Fedegari Autoclavi SpA (Italy), Zhejiang Tailin Bioengineering Co., Ltd. (China), Noxilizer, Inc. (United States), Howorth Air Technology Limited (United Kingdom), ClorDiSys Solutions Inc. (United States) and Amira S.r.l. (Italy) |
CAGR | 6.93% |
The Global Bio Decontamination market is expected to see growth rate of 6.93% and may see market size of USD186.0 Million by 2027. The study covers a detailed analysis segmented by key business segments i.e. by type (Chamber Decontamination and Room Decontamination) and major geographies. Research Analyst at AMA predicts that European and United States Players will contribute to the maximum growth of Global Bio Decontamination market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Bio Decontamination market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are STERIS (United States), Ecolab, Inc. (United States), TOMI Environmental Solutions, Inc. (United States), JCE Biotechnology (France), Fedegari Autoclavi SpA (Italy), Zhejiang Tailin Bioengineering Co., Ltd. (China), Noxilizer, Inc. (United States), Howorth Air Technology Limited (United Kingdom), ClorDiSys Solutions Inc. (United States) and Amira S.r.l. (Italy).
Market Overview:
On 16th January 2019, Ecolab Inc. has announced that it has closed on its previously announced acquisition of Bioquell PLC (LSE: BQE), a leading provider of hydrogen peroxide vapor bio-decontamination systems and services for the life sciences and healthcare industries.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Market Trend
Increasing Outsourcing of Biodecontamination Services
Restraints
- Presence of Manual Biodecontamination Methods and Budgetary Constraints in Healthcare Facilities
Opportunities
Growth in the Pharmaceutical and Biotechnology Industries across the Globe
Key highlights of the Global Bio Decontamination market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Bio Decontamination market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Bio Decontamination market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Bio Decontamination Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bio Decontamination market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bio Decontamination market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Bio Decontamination Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.