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Increasing Demand for Disinfectors from Healthcare Facilities to Drive Global Disinfectors Market

Article Description

Disinfection is a very important process that is carried out across healthcare facilities to safeguard proper hygiene and safety of patients in the institutions. As a result, the demand for disinfectors is rising significantly, especially from healthcare facilities such as hospitals, clinics, laboratories, institutions, and elder care facilities. The growing prevalence of hospital-acquired infections is the key factor that is expected to boost the demand for disinfectors in the next few years.

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In addition, the increasing number of surgeries in clinics and hospitals is further fuelling the growth of the global disinfectors market as disinfecting medical devices (used in surgical procedures) and disinfectors are in high demand. Similarly, the rising disposable income in developing economies is expected to propel the global disinfectors market as it will help in increasing the affordability of medical services that require medical instruments, thus augmenting the growth of the disinfectors market.

In 2013, the global disinfectors market was valued at US$1.6 bn and is estimated to reach a value of US$3.1 bn by the end of 2020. The market is projected to register a progressive 10.20% CAGR between 2014 and 2020.

Increasing Number of Hospital to Drive Global Disinfectors Market

By product type, the global market for disinfectors can be categorized into endoscope reprocessors, washer, and flusher. The washer disinfectors segment is sub-segmented into single chamber (single door and double door) and multi-chamber. Among these types, the endoscope reprocessors segment and the washer segment are expected to account for the biggest share in the coming years.  These segments are further expected to register a remarkable growth rate between 2014 and 2020 due to the rising use of medical instruments and endoscopes, owing to the growing prevalence of several diseases such as cardiovascular diseases, cancer, and others. The global disinfectors market is further projected to gain traction due to the rising number of hospitals around the world.

By application, the global market for disinfectors can be classified into elder care, pharmaceuticals and life sciences, and clinics and hospitals. Among these applications, the clinics and hospitals segment is estimated to register the highest growth rate in the next few years. The increasing number of hospitals, coupled with rising number of surgeries performed, is the prime factor augmenting the growth of this segment.

North America and Europe Led the Global Disinfector Market in 2013

By geography, the global disinfectors market can be divided into Asia Pacific, North America, Europe, and Rest of the World. In 2013, in terms of revenue, Europe and North America collectively dominated the global disinfectors market, holding a massive share of 70% in the overall disinfectors market. On the other hand, the Asia Pacific disinfectors market is estimated to register the highest growth rate from 2014 to 2020, owing to the growing incidence of various contagious diseases, rising investments in the healthcare industry, and tremendously growing geriatric population. The global disinfectors market is expected to grow progressively, resulting in stiff competition among the major players in the global market in the next few years. Some of the prominent players operating in the global disinfectors market are Advanced Sterilization Products Services, STERIS Corporation, OLYMPUS CORPORATION, Getinge Group, and Belimed Group.