Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 238.47 Million | USD 496.94 Million | 8.5% | 2023 |
The global Bio Decontamination market size accrued earnings worth approximately USD 238.47 Million in 2023 and is predicted to gain revenue of about USD 496.94 Million by 2032, is set to record a CAGR of nearly 8.5% over the period from 2024 to 2032.
Bio-decontamination is increasingly preferred over alternative methods due to its cost-effectiveness and ability to address the viral decontamination of products caused by bacteria or fungi, as well as the harmful by-products produced by these microorganisms. Advancements in the biopharmaceutical sector will also contribute to the industry's growth.
During the forecast period, we anticipate the increase in surgical procedures to significantly drive the growth of the bio-decontamination market. Moreover, the rising demand for equipment, driven by the growing necessity for reduced manual intervention, is expected to drive the expansion of the bio decontamination market. Additionally, we expect the growing focus of major industry leaders to support the expansion of the bio-decontamination market. However, over the specified period, we expect the use of manual biodecontamination methods to hinder the growth of the bio decontamination market.
Furthermore, the increasing adoption of modern gassing systems will create further opportunities for the future expansion of the bio decontamination market. Nevertheless, the financial limitations in the healthcare sector may pose additional obstacles to the expansion of the bio-decontamination industry in the foreseeable future.
The report offers a valuation and analysis of the Bio Decontamination Market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, revenue estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Million).
According to NCBI, bio decontamination signifies providing symptomatic & therapeutic medicines to the person exposed to biological warfare agents. Moreover, bio decontamination plays a key role in the elimination of pathogens at research units, thereby helping in the prevention of contamination across the barrier systems.
The surge in the hospital acquired infections and a prominent increase in the awareness about virus prevention is likely to boost the bio decontamination market growth trends. Apart from this, the thriving bio-pharma sector and the need for manufacturing advanced bio decontamination equipment will uplift the industry in the foreseeable future. Furthermore, developing economies are anticipated to offer an array of growth avenues for the bio decontamination industry over the ensuing years.
Apparently, massive competition and need to launch innovative products as per the changing customer trends will steer the bio decontamination industry trends over the forecast period. Huge demand in roof-repairing activities coupled with large-scale application of bio-decontamination products in adhesives and automotive will embellish the growth rate of the bio contamination market over the forecasting years.
Our study includes the current events witnessed across the industry coupled with the competitive strategies adopted by the key industry players to accrue huge proceeds.
Report Attributes | Report Details |
---|---|
Report Name | Bio Decontamination Market Research Report |
Market Size in 2019 | USD 238.47 Million |
Market Forecast in 2025 | USD 496.94 Million |
Growth Rate | CAGR of 8.5% |
Number of Pages | 205 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Ecolab, Inc., ClorDiSys Solutions Inc., Noxilizer, Inc., Wenzhou Weike Biological Laboratory Equipment Co., Ltd., STERIS, JCE Biotechnology, Howorth Air Technology Limited, Fedegari Autoclavi SpA, TOMI Environmental Solutions, Inc., Zhejiang Tailin Bioengineering Co., Ltd., and Amira S.r.l. |
Segments Covered | By Product & Service, By Agent Product, By Product, By End User, By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional market growth over 2024-2032 is attributed to rise in the number of hospitals & clinics, bulging population, and presence of robust healthcare infrastructure in the region. Furthermore, the region being largest exporter of pharma items, it is necessary to focus on maintaining the drug quality. This will further create demand for bio decontamination products in the region.
Key players profiled in the report include
By Product & Service
By Agent Product
By Product
By End User
By Region
FrequentlyAsked Questions
The process of eradicating or reducing the presence of dangerous biological agents, such as bacteria, viruses, fungi, and spores, from a specific environment, surface, or object is referred to as bio-decontamination, which is also known as biodecontamination. Bio-decontamination is also known as biodecontamination. This procedure is essential in many different industries, including healthcare, research laboratories, pharmaceutical production, food processing facilities, and cleanroom facilities, in order to guarantee a sanitary and risk-free atmosphere.
The pharmaceutical & medical device manufacturing firms section in 2018 added up for the highest growth rate and biggest market share, due to the increasing acceptance of bio decontamination services and products by medical and pharmaceutical device making industries to obey stringent laws.
Global Bio Decontamination market size earned around $238.47 Mn in 2023 and is expected to reach $496.94 Mn by 2032, with a projected CAGR of 8.5%.
The Asia Pacific is also the largest exporter of pharmaceutical goods all over the globe, which underlines the requirement to make sure the high quality of drugs for export and offer growth avenues for players in the market to make an entry into these regions.
Key players profiled in the report include Ecolab, Inc., ClorDiSys Solutions Inc., Noxilizer, Inc., Wenzhou Weike Biological Laboratory Equipment Co., Ltd., STERIS, JCE Biotechnology, Howorth Air Technology Limited, Fedegari Autoclavi SpA, TOMI Environmental Solutions, Inc., Zhejiang Tailin Bioengineering Co., Ltd., and Amira S.r.l.
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