Clinical Grade Disinfectant Market
Clinical Grade Disinfectant Market By Formulation (Quaternary Ammonium Compounds, Chlorine Compounds, Alcohols & Aldehydes, Phenolic Compounds), By End-User, By Sales Channel, By Region - Global Market Insights 2020 to 2030
Analysis of Clinical Grade Disinfectant market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Clinical Grade Disinfectant Sales Surge amid Covid-19 Outbreak
It would be premature to determine the effect of Covid-19 on the demand for clinical grade disinfectant as the virus spread is uncertain. The global pandemic has put forth opportunities for the global clinical grade disinfectant market to grow prosperously.
Governments across the globe have advocated safety and wellbeing of their people and are enhancing medical facilities to treat patients with COVID-19. Sudden increase in expenditure and sourcing of hygiene products by medical facilities has led to a significant uptick in demand for clinical grade disinfectant.
The upsurge in the demand of clinical grade disinfectant from private clinics, hospitals and medical facility premises is projected to escalate sales of clinical grade disinfectant. With the ongoing pandemic, global clinical grade disinfectant market is expected to witness a year-on-year growth of around 23% in 2020 over 2019.
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Proliferation of Isolation Facilities to Give an Uptick to Demand for Clinical Grade Disinfectants
There more than 112 thousand medical hospitals including government and private facilities across the globe. These institutions are likely to multiply their demand for clinical grade disinfectant. Moreover, countries such as China, India, United States and most of the European countries have turned their government facilities into medical emergency centers owing to impact of Covid-19.
Government’s stringent policies over sterilization and disinfection of medical facilities owing to Covid-19 pandemic is projected to boost sales of clinical grade disinfectant in the mid-term. Besides, even after the situation has been bought under control, the demand of hygiene products including clinical grade disinfectants is expected to scale up over threat of re-emergence of virus.
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Europe to Dominate Global Demand for Clinical Grade Disinfectant
In the clinical-grade disinfectant market, Europe accounts for nearly one-third of the market share and is expected to show significant growth over the forecast period. This growth in demand for clinical-grade disinfectants in the region can be attributed to higher than average spending on cleaning and disinfection of healthcare facilities owing to the COVID-19 pandemic.
As of date, Europe has shown the highest cases for COVID-19 and the number is escalating. Demand for clinical-grade disinfectants in Europe is expected to grow 1.3X in 2020 over 2019.
Clinical Grade Disinfectant Market will Remain Consolidated, Despite Emergence of Domestic and Local Market Players
Clinical grade disinfectant market is consolidated with top players accounting for nearly 60% of the sales revenue. COVID-19 pandemic is expected to lead to the emergence of new domestic players in clinical grade disinfectant market. Existing players like Dow Chemical, BASF SE, Ecolab, Inc. and Lonza Group have been working to address the booming demand for clinical grade disinfectant.
Impact of Covid-19 on Global Clinical Grade Disinfectant Market
Covid-19 pandemic has adversely impacted the global chemicals and material industry where national and regional lockdowns have disrupted both production and supply chain. It is possible that the effect on chemical and material companies will be complex, affecting both demand and supply.
Unlike other sectors, a change in medical landscape has led to increased demand for several categories of chemicals and materials as well as shifting product preferences. At the same time, manufacturers are determining how best to tackle possible disruptions to the supply chain and capacity constraints that may prevent them from meeting evolving emergency facilities’ needs.
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Clinical Grade Disinfectant Market: Segmentation
Fact MR’s study has done the segmentation of the clinical grade disinfectant market on the basis of formulation, end-users, sales channel, and region
By Formulation :
- Quaternary Ammonium Compounds
- Chlorine Compounds
- Alcohols & Aldehydes
- Phenolic Compounds
- Other Product Types
By End-User :
- Pathology Labs
- Research Institutes
- Other End Users
By Sales Channel :
- Direct Sales
- Online Sales Channel
- Specialty Stores
- Other Sales Channel
By Region :
- North America
- Latin America
- East Asia
- South Asia
- FAQs -
The clinical grade disinfectant market remains consolidated despite local market players' emergence. The top players account for nearly 60% of the sales revenue.
Europe accounts for nearly one-third of the market share and expects significant growth during the forecast.
The global clinical grade disinfectant market witnessed a year-on-year growth of around 23% in 2020 over 2019.
The rise in the demand of clinical grade disinfectant is observed from private clinics, hospitals and medical facility premises.