South Korea, Seoul, Sep 16, 2022 (GLOBE NEWSWIRE) — Global sales of biodecontamination systems are expected to grow at a CAGR of 4.5% and reach a market valuation of US$208.1 million by 2027 , reveals Fact.MR, a provider of market research and competitive intelligence.
Bio-decontamination is a technique to get rid of or at least reduce various microbiological pathogens so that they do not harm the environment. Bio-decontamination can be carried out by physical, chemical and biological means. Physical biodecontamination uses techniques such as high pressure, heat and other methods.
To ensure the sterility and scientific validity of products, contamination management is essential in pharmaceutical and life science laboratories. As a result, many companies and organizations that value routine steam bio-decontamination have added room and infrastructure bio-decontamination to their standard operating procedures.
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Due to its low cost and its ability to treat both harmful by-products of microorganisms and viral decontamination of objects by bacteria or fungi, bio-decontamination is gradually taking over from other techniques. The industry will diversify due to increasing advancements in the biopharmaceutical sector.
Increase in surgical procedures is one of the key factors that is expected to fuel the growth of the bio-decontamination market over the coming years. The market is also expected to rise owing to the growing demand for bio-decontamination equipment caused by the growing need for minimal physical labor.
Key insights from market research
- Worldwide sales of biodecontamination equipment are currently valued at US$167 million.
- The services segment is expected to grow at a CAGR of 5% through 2027.
- The bio-decontamination market in China is expected to grow at a CAGR of 4% and reach a market valuation of US$37 million by 2027.
- The presence of manual methods of biodecontamination can hamper the sales of biodecontamination services to some extent.
Biodecontamination Industry Research Segments
- By Product & Service:
- Equipment
- Services
- Consumables
- Per end user:
- By region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Oceania
- AEM
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Winning strategy
Manufacturing companies that make medical and pharmaceutical devices as well as research institutes are expected to generate the most revenue for the bio-decontamination industry.
The vendor environment in the market is characterized by fierce rivalry, which is fueled by product development that accommodates changing consumer preferences. To maintain their position in the market, leading industries focus on introducing new products.
- A new Bioquell technology center has just opened in Horsham, Pennsylvania. This facility will serve as an incubator for new product development and will demonstrate a variety of biodecontamination techniques.
- In June 2022, Ecolab and Eco Plant partnered to sell Eco plant 360, a digital solution that uses dynamic monitoring and control to help customers dramatically reduce the amount of electricity used in compressed air systems.
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Competitive landscape
The report examines key developments in the Bio-Decontamination industry along with the inorganic and organic growth tactics employed by market players.
With the growing demand for bio-decontamination products and services in the global 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 professionals can analyze data from IoT-connected technologies to provide real-time monitoring and quantifiable results.
- The SteraMist Amazon store, which offers the leading SteraPak disinfection system for various industries, was introduced by TOMI in December 2021. The expansion of sales channels will improve and streamline the customer’s shopping process.
- SteraPak, which uses iHP technology and provides a superior, reasonably priced replacement for electrostatic sprayers that have been recalled due to safety concerns, was introduced in August 2021 by TOMI Environmental Solutions, Inc.
More valuable information in offer
Fact.MR, in its new offering, presents an unbiased analysis of the global bio-decontamination market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2027.
The study discloses essential market information on the basis of product and service (equipment, services, consumables) and end-user (pharmaceutical and medical device companies, life science and biotechnology research organizations, hospitals and healthcare facilities, other), across five major regions of the world (North America, Europe, Asia-Pacific, Latin America and MEA).
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