High Level Disinfection Service Market

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High Level Disinfection Service Market (Services - In house, and Outsource; Compound - Formaldehyde, and Glutaraldehyde; End Use - Hospitals and Clinics, Diagnostic Laboratories, Academic and Research Institutes, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : CM00902

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the high level disinfection service market provides in-depth analysis of segments and sub-segments in the global as well as a regional high level disinfection service market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional high level disinfection service market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global high level disinfection service market. According to the report, the global high level disinfection service market is projected to grow at a CAGR of 9.22% over the forecast period of 2021-2027.

 

Market Insight

The global high level disinfection service market was sized near USD 24.64 billion in 2021 which is expected to reach USD 41.81 billion. The global high level disinfection service market is projected to grow with a CAGR of 9.22% during 2021-2027. A complete elimination of all microorganisms in or on an instrument, except for small numbers of bacterial spores is defined as high-level disinfection. Earlier, high-level disinfection was recommended for mouthpieces and spirometry tubing and recently U.S. Food and Drug Administration cleared sterilants and high level disinfectants with general claims for processing reusable medical and dental devices. Furthermore, U.S. Food and Drug Administration also added that sterilants and high level disinfectants with general claims for processing reusable medical and dental devices. Moreover, Disinfection protocols may vary depending on the need of the farm or clinic where a number of single disinfectants is adequate for all situations. Additionally, such disinfecting agents are registered by the Environmental Protection Agency (EPA) as “antimicrobial pesticides” and are substances used to control, prevent, or destroy harmful microorganisms (i.e., bacteria, viruses, or fungi) on inanimate objects and surfaces.

 

The primary factor which is driving the growth of the high level disinfection service market is the increasing prevalence of hospital-acquired infections. For instance, according to the report published by the Centers for Disease Control and Prevention (CDC) in 2017, hospital-acquired infections result in more than 99,000 deaths every year. Hence, this factor is expected to drive the growth of the market during the forecast period. Furthermore, the adoption of inorganic strategies by the market players is expected to drive market growth over the forecast period. For instance, in June 2021, AREV Nanotech Brands, Inc., a publicly-traded life science enterprise, and Germinator, a leading sanitizing and disinfecting company, have entered into a definitive agreement to provide the Genesis hypochlorous acid (HOCl) platform for surface disinfection to global public health commodity procurement programs. Therefore, this rising adoption leads the global high level disinfection service market. On the other hand, alternate disinfectants is expected to hinder the growth of the global high level disinfection service market over the forecast period. However, distribution agreements by key players are expected to provide lucrative opportunities to the market.

 

The global high level disinfection service market is segmented on a region basis as North America, Asia Pacific, Europe, and rest of the world. Among these regions, North America is expected to hold a dominant position in the global high level disinfection service market over the forecast period, due to the increasing prevalence of healthcare-associated infections in the region. For instance, according to a report published by the Centers for Disease Control and Prevention (CDC), a multistate point prevalence survey of healthcare-associated infections involved 11,282 patients from 183 U.S. hospitals. Hence, the increased cases of healthcare-associated infections in the region are propelling the growth of the market in the region. Moreover, about 4% of hospitalized patients suffered from at least one of HAI, and an estimated 648,000 hospitalized patients suffered from 721,800 infections in the U.S. However, Asia-Pacific is also estimated to grow at a rapid pace over forecast period, owing to the growing COVID-19 cases around the region together with the high level of disinfection. The major countries affected by the pandemic were China and India. Additionally, growing geriatric population is more prone to infection in healthcare institutes and centers, as a result the consumption of high-level disinfection by the hospitals is likely to boost the market growth of the market in APAC over the forecast period.


High Level Disinfection Service Mark

 

Segment Covered

The report on the global high level disinfection service market covers segments such as services, compound, and end use. On the basis of services, the sub-markets include In house, and outsource. On the basis of compound, the sub-markets include formaldehyde, and glutaraldehyde. On the basis of end use, the sub-markets include hospitals and clinics, diagnostic laboratories, academic and research institutes, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Altapure; STERIS, Microchem Laboratory, EcoFMR.Com, Rentokil Initial plc, and Advance Sterilization Products (ASP).

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the high level disinfection service market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. 


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