The hospital surgical disinfectants market comprises disinfectant products such as skin disinfectants, instrument disinfectants, and surface disinfectants. Skin disinfectants are used to remove pathogens from the skin surface before any surgical procedure to avoid surgical site infections. Instrument disinfectants are adopted to disinfect surgical equipment, medical devices, and other allied instruments used during surgeries. Surface disinfectants help eliminate microorganisms from high-touch surfaces in operation theatres and other critical hospital areas. The growing prevalence of hospital acquired infections and stringent regulations for infection control are fueling the demand for hospital surgical disinfectants.
The Global Hospital Surgical Disinfectants Market is estimated to be valued at US$ 4.05 Bn in 2024 and is expected to exhibit a CAGR of 17% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the hospital surgical disinfectants market are BMW Group, Mastercard, Daimler Ag, Amazon, Ford Motor Company, Volkswagen Ag, Honda Motor Co., Ltd., General Motors Company, and Hyundai Motor. Rising number of surgical procedures owing to growing geriatric population and increasing incidence of chronic diseases is driving the growth of the hospital surgical disinfectants market. Technological advancements such as introduction of advanced formulation disinfectants with low toxicity, high efficacy, and speedy action are further fueling the market growth.
Some of the major trends in the Hospital Surgical Disinfectants Market Share include growing demand for skin and surface disinfectants owing to COVID-19 pandemic. Increasing awareness regarding infection control and prevention of hospital acquired infections also contributes to the market growth. Launch of eco-friendly disinfectants by key players to cater to the rising environmental concerns further shapes the market trends.
Market Trends and Opportunities
Green disinfectants trend: Growing environmental awareness is fueling the demand for eco-friendly disinfectants with no harsh chemicals. Major players are focusing on launch of green disinfectants made from plant-based formulations to tap the opportunities.
Digitalization in healthcare: Implementation of digitized workflow and virtual care services in hospitals aid to monitor and prevent infections in a better way. Technologies like IoT, AI, and analytics enable prediction of infection risks and future outbreaks. This presents significant growth prospects.
Impact of COVID-19 on Hospital Surgical Disinfectants Market
The COVID-19 pandemic has significantly impacted the growth of the global hospital surgical disinfectants market. The rising concerns regarding hospital-acquired infections and need for proper sterilization have boosted the demand for various disinfectants and sterilization equipment. Several factors such as limited availability of medical facilities and inability to perform routine surgeries have negatively impacted the market growth during the initial phases of the pandemic. However, with the increasing number of COVID-19 patients requiring surgical interventions and Intensive Care Unit admissions, the demand for hospital disinfectants witnessed considerable growth. The need to curb the spread of coronavirus through effective disinfection of operation theatres and hospital surfaces further augmented the market revenues. With the development of vaccines and therapies, the market is expected to continue expanding in the post-pandemic time period to maintain compliance with rigorous hygiene and sterilization protocols.
Impact of COVID-19 by Geographical Regions
North America dominated the global hospital surgical disinfectants market in terms of value during the pre-COVID period due to high healthcare infrastructure, rising surgical procedures, and stringent regulatory guidelines. However, the region witnessed a decline in the initial phases owing to nationwide lockdowns and postponed elective surgeries. Asia Pacific, on the other hand, experienced significant growth opportunities during the pandemic attributed to rising incidence of COVID-19 infections requiring surgical care. Countries such as India, China, and Japan adopted aggressive disinfection policies to curb virus transmission in healthcare settings, thus augmenting market revenues. As the region rebounds with resumption of hospital operations, the Asia Pacific market is anticipated to showcase the fastest growth over the forecast period.
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