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The global bio-decontamination market by 2027 is supposed to
reach USD 227 million rising in 2022 from USD 159 million with a 7.3% CAGR. The
demand for ICUs and hospitals increased during the coronavirus infection. The
need for more isolation centers and bio-decontamination of spaces took
importance in the healthcare industry. This pushed up the preference and
requirement for bio-decontamination services and products in the last 3 years.
The impact of COVID-19 added to revenue for companies in
2020. For instance, by 2020, sales of Bioquell Global Healthcare & Life
Sciences took a flight by 22%. But segmental revenue in bio-decontamination for
2021 fell by 4% as the severity of the infection decreased. Decontamination
services also increased in hospitals during the pandemic time, especially for
the COVID-19 wards than normal wards. The rapid bio-decontamination by firms
helped to turn emergency wards into general use.
Bio-decontamination Market Forces: Biotechnology and
Pharmaceutical Industries
The driving force for growth in biotechnology and
pharmaceutical industries for the use of bio-decontamination is from services,
equipment, accessories, and consumables. These are utilized mostly by
pharmaceutical firms for manufacturing injectable products. The market for
global pharmaceuticals in 2020 stood at USD 1,077,856. Also in 2021, the
top 15 companies from pharmaceutical backgrounds invested USD 133 billion.
· Expenditure
has also increased in the development of new diagnostic and therapeutic
products.
· Combined
with modern machines and facilities, these companies are also interested to
invest in instruments that efficiently decontaminate the environment.
· The
field is going to see a boost in the coming years, and an indicator of growth
for up to the year 2027.
· The
opportunity for bio-decontamination originates in emerging markets of China and
India.
· Developed
countries are outsourcing services by establishing cost-savings hubs here for
placing businesses.
Investments by Developed Countries in Manufacturing Hubs
Some of the investments come from the Europe and US,
especially for packaging and manufacturing operations in South Korea, China,
and India. This is done to lower the cost of labor and less-stringent rules and
regulations by the government in these nations. These countries are also the
major manufacturing hubs so that the developed countries can direct resources
towards developing and adopting technologically advanced products to meet the
requirements of consumers.
· In
manual bio-decontamination, you will process such as spraying and cleaning with
formaldehyde or bleach.
· A
suitable agent is then used for wiping purposes, posing difficulties in
residual removal and coverage over the complete area.
· But
several developing countries still use these methods because of cost benefits.
· In
underdevelopment and developing nations there is low priority still for
healthcare and hospital facilities for bio-decontamination.
· But other
nations are focusing on healthcare infrastructure. There is better capital
investment in the expansion of medical devices and facilities.
Bio-decontamination Market Segmentation and Market Share
The global bio decontamination sees segmentation into service,
consumables, and equipment (domination of the market in 2021). The reason for
the preference for equipment came from the automated bio-decontamination
instead of manual one as well as an increase in end users. Some of the features
to look forward to are minimal footprint, portability, and less manual
intervention.
The market segmentation is into medical device and
pharmaceutical manufacturing companies (largest share in 2021), chamber
decontamination (drivers lost power and minimal cost of power consumption)
healthcare facilities and hospitals, and biotechnology and life sciences
research organizations.
· The
success is attributed to the high use of products and services for
bio-decontamination because of strict manufacturing guidelines by GMP in
pharmaceuticals.
· In
bio-decontamination market share, North America ranks first in 2021.
· The
contributing factors to its success are the presence of key players, increasing
events of HAIs, more surgical processes, and others.
· It is
followed by other places such as Asia Pacific and Europe along with the rest of
the world.
· Some
of the key players include Ecolab (US), Fedegari Autoclavi SpA (Italy), Steris
PLC (US), JCE Biotechnology (France), TOMI Environmental Solutions, Inc. (US),
and more.
Final Words
Increased activity for bio-decontamination will majorly
ensue from the pharmaceutical, healthcare, manufacturing, and services
industries. It is to see how applications of modern technologies are used to
automate processes over manual decontamination across the regions involved in
the sector.
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