The global bio-decontamination market size was valued at USD 191.6 million in 2021 and is poised to grow at a significant CAGR of 4.9% during the forecast period 2022-28. Increasing adoption of bio-decontamination products and services in various pharmaceutical and medical devices manufacturing companies, hospitals, clinics, and other healthcare facilities are the other potential driving factors. Customized bio-decontamination solutions and blending with existing decontamination processes offerings from market leaders for biotechnology, majorly vaccines developing industries in recent periods is also expected to boost the market share of life sciences & biotechnology research organizations during the forecast period. The current trend in the global bio-decontamination market is the adoption of outsourcing services by end-user industries. Most of the companies have limited financial resources to perform bio-decontamination contamination services depending on the outsourcing from other companies to enact contamination practices while carrying out their primary goals. A stringent regulatory framework for the approval of technologically advanced bio-decontamination equipment such as automatic equipment may delay the launch of newer products into the market.
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Consumables Segment Dominates the Bio-Decontamination Market:
The consumables segment dominated all other segments and was projected to grow with a CAGR of 4.8% from 2022 to 2028 to reach USD 141.3 Mn by 2028. The availability of a wide variety of consumables and technological advancements in consumables are the key factors driving the demand for consumables. The launch of new equipment also drives the growth of the consumables segment.
North America Leads Bio-Decontamination Market:
Increasing demand for surgical treatments is driving the demand for the bio-decontamination market in North America. In addition, the surge in the volume of surgical procedures on a global scale will be a significant factor driving the growth of the Bio Decontamination Market. Furthermore, Asia-Pacific is expected to show significant growth in the bio-decontamination market due to increasing population and rapid advancements in technologies.
The global bio-decontamination market segmentation:
1) By Product Type: Equipment, Services, and Consumables.
2) By Agent Type: Hydrogen Peroxide, Chlorine Dioxide, Peracetic Acid, and Nitrogen Dioxide), By Type: Chamber Decontamination and Room Decontamination.
3) By Application: Pharmaceutical & Medical Device Manufacturing Companies, Life Sciences & Biotechnology Research Organizations, and Hospitals & Healthcare Facilities.
Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global bio-decontamination market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.
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Key players’ profiles in the bio-decontamination market report are STERIS, Ecolab, TOM Environmental Solutions, Inc, Noxilizer, Inc, Howorth Air Technology Limited, ClorDiSys Solutions Inc., Amira S.r.l., Detox.
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