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South Korea, Seoul, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Worldwide sales of bio decontamination systems are predicted to increase at a CAGR of 4.5% and reach a market valuation of US$ 208.1 million by 2027, reveals Fact.MR, a market research and competitive intelligence provider.
Bio decontamination is a technique for getting rid of or at least lowering various microbiological pathogens so they don't harm the environment. Bio decontamination can be done through physical, chemical, and biological means. Physical bio decontamination uses techniques such as high pressure, heat, and other methods.
To guarantee product sterility and scientific validity, contamination management is essential in laboratories for pharmaceuticals and life sciences. As a result, many companies and organisations that value routine vaporous bio decontamination have added room and infrastructure bio decontamination to their standard operating procedures.
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Due to its low cost and ability to address both, the harmful by-products of microorganisms and the viral decontamination of items by bacteria or fungi, bio decontamination is progressively making headway over other techniques. The industry will branch out as a result of increasing advancements in the biopharma sector.
Increasing surgical procedures is one of the key factors predicted to fuel bio decontamination market growth over the coming years. The market is also predicted to increase as a result of the rising demand for bio decontamination equipment caused by the growing need for minimal physical labour.
Key Takeaways from Market Study
- Global sales of bio decontamination equipment are currently valued at US$ 167 million.
- The services segment is expected to rise at a CAGR of 5% through 2027.
- The market for bio decontamination in China is expected to expand at a CAGR of 4% and reach a market valuation of US$ 37 million by 2027.
- The presence of manual bio decontamination methods may impede the sales of bio decontamination services to some extent.
Bio Decontamination Industry Research Segments
- By Product & Service :
- Equipment
- Services
- Consumables
- By End User :
- Pharma & Medical Device Companies
- Life Sciences & Biotech Research Organizations
- Hospitals & Healthcare Facilities
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Winning Strategy
Manufacturing firms that make medical and pharmaceutical devices as well as research institutions are predicted to generate the most revenue for the bio decontamination industry.
The market's vendor environment is characterised by fierce rivalry, which is fueled by product development that takes shifting consumer preferences into account. To maintain their market position, leading industries are concentrating on the introduction of new products.
- A new technological centre by Bioquell has just opened in Horsham, Pennsylvania. This facility will act as an incubator for the development of new products and demonstrate a variety of bio decontamination techniques.
- In June 2022, Ecolab and Eco Plant teamed up to sell Eco plant 360, a digital solution that uses dynamic monitoring and control to assist customers in considerably reducing the amount of electricity used in compressed air systems.
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Competitive Landscape
The report discusses key developments in the bio decontamination industry as well as the inorganic and organic growth tactics resorted to by market players.
With the growing demand for bio decontamination products and services in the worldwide market, market players can anticipate lucrative opportunities in the bio decontamination market over the coming years.
- The Ecolab Global Intelligence Center was developed in June 2022 by Ecolab so that professionals could analyse data from IoT-connected technologies to give real-time monitoring and quantifiable outcomes.
- The SteraMist Amazon Store, which offers the SteraPak Leading Disinfection System for various industries, was introduced by TOMI in December 2021. Expanding the sales channels will improve and streamline the customer's purchasing process.
- SteraPak, which employs iHP technology and provides a superior and reasonably priced substitute to electrostatic sprayers that have been recalled owing to safety concerns, was introduced in August 2021 by TOMI Environmental Solutions, Inc.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global bio decontamination market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2027.
The study divulges essential insights on the market on the basis of product & service (equipment, services, consumables) and end user (pharma & medical device companies, life sciences & biotech research organizations, hospitals & healthcare facilities, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Check out more related studies published by Fact.MR Research:
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