Bio Decontamination Market

Partnerships, Agreements, and Collaborations - Major Growth Strategies Adopted by Key Players in the Bio Decontamination Market

The bio decontamination market is projected to reach USD 175 million by 2024 from USD 130  million in 2019, at a CAGR of 6.1% from 2019 to 2024. Bio decontamination is defined as a sterilant that inactivates bacterial spores on environmental surfaces in an enclosed area. It is used in commercial, institutional, and industrial settings to decontaminate or sterilize sealed enclosures, such as isolators, workstations, and pass through rooms.

The bio decontamination market is dominated by various players with two players being major STERIS (US) and Ecolab, Inc. (US). The other players operating in this market are TOMI Environmental Solutions, Inc (US), JCE Biotechnology (France), Fedegari Autoclavi SpA (Italy), Zhejiang Tailin Bioengineering Co., Ltd. (China), Noxilizer, Inc. (US), Howorth Air Technology Limited (UK), Wenzhou Weike Biological Laboratory Equipment Co., Ltd. (China), ClorDiSys Solutions Inc. (US), and Amira S.r.l. (Italy).

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STERIS (US)

STERIS is the leading player in the bio decontamination market. The company offers a broad portfolio of bio decontamination equipment. The leading position of the company can be attributed to its strong brand recognition and wide geographical presence. Furthermore, STERIS is one of the few providers of bio decontamination services, further expanding its offerings in this market. The company also focuses on research and development activities to maintain its leading position in the bio decontamination market. For instance, the company increased its annual R&D spending from 22.7% to 23.2% from 2017 to 2018.

ECOLAB, INC. (US)

Ecolab is the second leading player in the bio decontamination equipment and services market. It offers water, hygiene, and energy technologies and services that protect people and vital resources. The company delivers solutions for applications in food safety, environmental protection, and optimization of water & energy use. The company holds a significant position in this market due to its strong brand image, robust product portfolio, and wide geographic presence. Furthermore, to expand its market, the company focuses on acquisitions. In 2019, the company completed the acquisition of Bioquell Plc. Bioquell’s innovative bio decontamination and isolator technologies and services help ensure residue-free surface decontamination in cleanrooms and R&D labs at biotech start-ups, pharmaceutical manufacturers, Fortune 500 companies, and inpatient rooms at hospitals in more than 50 countries.

Related Reports:

Bio Decontamination Market by Product (Equipment, Service, Consumables), Agent (Hydrogen Peroxide, Chlorine, Nitrogen, Peracetic Acid), Type (Room, Chamber), End User (Pharma, Biotech, Medical Devices, Hospital, Life Science) - Global Forecast to 2024

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Report Code
MD 7164
RI Published ON
6/11/2019
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