Market Leader - Bio Decontamination Market
The global bio decontamination market is projected to reach USD 227 million by 2027 from USD 159 million in 2022, at a CAGR of 7.3% from 2022 to 2027. The bio decontamination market is driven by the rising prevalence of hospital-acquired infections, the increasing number of surgical procedures, and the increasing outsourcing of bio decontamination services across the globe.
The top players in this market are STERIS PLC (US) and Ecolab (US). These players lead the market because of their extensive product portfolios. These players have also invested in organic strategies such as product launches and regulatory approvals and inorganic growth strategies such as partnerships, acquisitions, and agreements to maintain their market shares.
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In 2021, STERIS PLC (US) held the leading position in the bio decontamination market. The company offers wide range of products and services in bio decontamination equipment market. The company’s strong brand image and wide geographical reach aid to withhold its leading position in the market. Additionally, the company focuses on R&D activities to launch new products in the market. For instance, in 2021, the company launched the HP 100i and 1000i, which are designed to integrate into a facility’s building automation and HVAC systems. Additionally, for its future growth, company intends to further strengthen its existing relationships with key customers by regularly organizing customer meetings, field visits, and training sessions on proactive quality management to help better understand company functionalities and product portfolios.
In 2021, Ecolab (US) accounted for the second-largest share of the bio decontamination market. market. The company strong position in this market can be attributed to its strong brand recognition and wide product portfolio. The company also has a significant global footprint through sales and distribution channels. Additionally, the company focuses on inorganic strategies to maintain its strong position in the market. For instance, in 2019, the company acquired Bioquell Plc. Bioquell is provider of innovative bio decontamination and isolator technologies and services to cleanrooms, R&D labs at biotech start-ups, pharmaceutical manufacturers, and hospital &healthcare facilities across the globe.
Related Reports:
Bio Decontamination Market by Product (Equipment, Services, Consumables), Agent (Hydrogen Peroxide, Nitrogen, Peracetic Acid), Type (Room Decontamination, Chamber Decontamination), End User (Hospitals & Healthcare Facilities) - Global Forecast to 2027
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