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Bio Decontamination Market worth $227 million by 2027 - Leading Key Players are Steris PLC (US), Ecolab (US), TOMI Environmental Solutions, Inc (US), JCE Biotechnology (France), and Fedegari Autoclavi SpA (Italy)

06-27-2022 11:58 AM CET | Health & Medicine

Press release from: MarketsandMarkets™

Bio Decontamination Market

Bio Decontamination Market

According to the new market research report "Bio Decontamination Market by Product (Equipment, Services, Consumables), Agent (Hydrogen Peroxide, Nitrogen, Peracetic Acid), Type (Room Decontamination, Chamber Decontamination), End User (Hospitals & Healthcare Facilities) - Global Forecast to 2027", published by MarketsandMarkets™, is valued at an estimated USD 159 million in 2022 and is projected to reach USD 227 million by 2027, at a CAGR of 7.3%.

Browse in-depth TOC on "Bio Decontamination Market"
181 - Tables
31 - Figures
194 - Pages

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The rising incidence of hospital-acquired infections and the increasing number of surgical procedures are the major factors that are driving the growth of the market. Also, emerging markets are estimated to offer significant growth opportunities to players operating in the market during the forecast period.

The equipment segment accounted for the largest share of the bio decontamination market, by product& service segment, in 2021

Based on product & service type, the bio decontamination market is segmented into equipment, consumables, and service. Large number of end users are opting for automated equipment over manually operated equipment and manual processes for the decontamination of the site due to their higher efficiency and accuracy. This is a major factor resulting in a large market share of equipment. Additionally, factors such as the launch of new and advanced instruments, portability, minimal footprint, and the need for less manual intervention are driving the growth of this segment.

Pharmaceutical & medical device manufacturing companies to register the highest growth rate during the forecast period

Based on end user, the global bio decontamination market is segmented into pharmaceutical & medical device manufacturing companies, hospitals & healthcare facilities, and life sciences & biotechnology research organizations. This can be attributed to increased pressure in pharmaceutical and medical device industry to ensure the integrity of their products and maintain manufacturing facilities. Further the growth in these sectors in Asia Pacific region has boosted the market growth.

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North America is the largest regional market for Bio Decontamination Market

The global Bio Decontamination Market has been segmented into four major regions-North America, Europe, the Asia Pacific, and the Rest of the world. The North America hold the largest share of the market. The large share of this market segment can be attributed to the growing demand for bio decontamination technologies from the healthcare industry to minimize the occurrence of HAIs, the rising number of surgeries, and the presence of major players in the region.

The major players operating in this Bio Decontamination Market are Steris PLC (US), Ecolab (US), TOMI Environmental Solutions, Inc (US), JCE Biotechnology (France), Fedegari Autoclavi SpA (Italy), Zhejiang TAILIN Bioengineering Co., LTD (US), Howorth Air Technology Ltd. (UK), and Solidfog Technologies (Belgium)

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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