The report "Surface Disinfectant Market by Product (Hypochlorite, Quaternary Ammonium Compounds, Hydrogen Peroxide, Chlorhexidine Gluconate, Peracetic Acid, Phenol, Alcohol), Formulation (Sprays, Liquids, Wipes) - Global Forecast to 2020", the global surface disinfectants market is expected to reach USD 542.55 Million by 2020 from USD 312.17 Million in 2015, growing at a CAGR of 11.69% between 2015 and 2020.
Browse 73 tables and 116 figures spread through 164 pages and in-depth TOC on "Surface Disinfectant Market"
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Surface disinfectants are used to clean hospital surfaces and patient care surfaces. The scope of this market report includes disinfectants used for hospitalized patient care and other related applications.
Based on products the surface disinfectants market is segmented into hypochlorite, quaternary ammonium compounds, hydrogen peroxide, chlorhexidine gluconate, peracetic acid, chlorine dioxide, phenolic compounds, alcohols, iodine compounds and aldehydes. On the basis of formulation, the report is segmented into liquids, sprays and wipes. Based on geography the global surface disinfectants market is segmented into North America, Europe, APAC, Latin America and Middle East and Africa.
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The surface disinfectants market is segmented on the basis of by products and formulations. Products segments included in the report are hypochlorite, quaternary ammonium compounds, hydrogen peroxide, chlorhexidine gluconate, peracetic acid, chlorine dioxide, phenolic compounds, alcohols, iodine compounds and aldehydes. Hypochlorites had the largest share of the global surface disinfectants market in 2015 and quaternary ammonium compounds are expected to grow at the highest CAGR between 2015 and 2020.
On the basis of formulation, the report is segmented into liquids, sprays and wipes. Liquid formulations had the largest share of the surface disinfectants market in 2015. It is also expected to be the fastest growing formulations segment between 2015 and 2020.
Growing healthcare expenditure will aid the growth of the surface disinfectants market. Healthcare expenditure constitutes a significant part of the development budget of all countries. It consists of spending by both public and private sources on medical goods and services. Rapid economic development across the globe is expected to improve access to quality healthcare. Increasing healthcare expenditure will lead to a rise in the demand for quality healthcare and will be an important growth driver for the surface disinfectants market.
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The major drivers for the market include increasing incidence of hospital-acquired infections & growing in the number of surgical procedures. However, stringent regulatory requirements and compliance issues and saturation in developed economies act as a restraint for new entrants in the market. Sterilization and disinfection of advanced medical instruments is a challenge for this market growth.
The top leaders in surface disinfectants market include 3M Company (U.S.), Cantel Medical Corp. (U.S.), Johnson & Johnson (U.S.), Metrex Research, LLC. (U.S.), The Clorox Company (U.S.), Reckitt Benckiser Group Plc. (U.K.), The Procter & Gamble Company (U.S.), STERIS Corporation (U.S.), Sealed Air Corporation (U.S.) and Whiteley Corporation (Australia).
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