U.S. Surface Disinfectant Market Growth & Trends
The U.S. surface disinfectant market size is anticipated to reach USD 1.9 billion by 2027 registering a CAGR of 9.2%, according to a new report by Grand View Research, Inc. The high prevalence of healthcare-associated infections in the country is estimated to drive market growth. Hospitals are one of the prominent end-users of the market as they are the most vulnerable to infections caused by bacteria, fungi, and viruses. Regular and periodic disinfection of hospital surfaces, equipment, and PPE kits are of utmost priority and this acts as a major factor for the market growth. The market is further driven by the rising incidences of disease outbreaks, such as the COVID-19 pandemic, which has created a steep rise in the demand for surface disinfectants from hospitals.
According to the American Hospital Association, the U.S. had a total of 6,146 hospitals comprising 924,107 total staffed beds. The Greater New York Hospital Association stated that hospitals and health systems of the U.S. represented around USD 3 trillion in economic activity in 2019. These factors signify the vastness of the healthcare and hospital sector in the U.S. and thus, project lucrative growth opportunities for the market. The market is also expected to be driven by the healthcare spending in the U.S., which is projected to increase at an annual growth rate of 5.4% between 2019 and 2028, reaching a value of around USD 6.2 trillion by 2028 (the U.S. Centers for Medicare & Medicaid Services).
The manufacturers in the country are inclined toward adopting various strategies including expansions, new product launches, joint ventures, agreements, acquisitions, and partnerships, among others, to gain a larger market share. Prominent industry stakeholders are focused on innovation and development of novel products and thus, are making significant investments in the R&D activities. Market participants have specific R&D centers committed for the development activities and are focusing on forming alliances with various research institutes and organizations to attain optimized results. Key players also maintain strong relationships with the international as well as local suppliers and distributors to maintain a consistent sales flow of their products throughout the year.
Request a free sample copy or view report summary:
The U.S. Surface Disinfectant Market Report Highlights
In 2019, chemicals emerged as the largest composition segment, concerning growing consumption of non-oxidizing disinfectants, such as quaternary ammonium compounds and alcohols
However, the segment may witness sluggish growth on account of consumer preference for bio-based and eco-friendly products due to the rising awareness about the effects of the toxic nature of some of the chemical-based products
In 2019, liquids emerged as the largest form segment due to high demand in large-scale disinfecting applications, such as floor care
In 2019, the industrial end-use segment led the market owing to the expansion of the food and meat processing industries
Please click to inquire before purchase: www.grandviewresearch.com/inquiry/450719/ibb
List of Key Players of the U.S. Surface Disinfectant Market
Evonik Industries AG
The 3M Company
The Procter & Gamble Company (P&G)
Reckitt Benckiser Group plc
The Clorox Company
Medline Industries, Inc.
Lonza Group Ltd.
S. C. Johnson & Son, Inc.
Thanks for reading this article; you can also get individual chapter wise section or region wise report versions like North America, Europe, or Asia.
If you need specific information, which is not currently within the article, we will provide it to you as a part of customization
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
Country: United States