Global High Level Disinfection Services Market, by Services (In-house and Outsource), by Compound (Formaldehyde, Glutaraldehyde, Ortho-pnthalaldehyde, Hydrogen Peroxide, Peracetic Acid, and Others), by End User (Hospitals and Clinics, Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, Academic and Research Institutes, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 25,679.4 million in 2021 and is expected to exhibit a CAGR of 9.8% during the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Global High Level Disinfection Services Market- Impact of Coronavirus (COVID-19) Pandemic.
The lockdown in various countries due to the COVID-19 pandemic has created an economic burden on the private healthcare sectors. Centers for Disease Control and Prevention (CDC) and World Health Organization (WHO) have issued some major guidelines on severe acute respiratory syndrome coronavirus 2 (SARS- CoV-2). Due to the novel nature of the virus, no official methods exist to test the efficacy of a disinfectant against the SARS-CoV-2 pathogen, as these procedures take a significant amount of time to develop, validate, and standardize. Cantel Medical Corporation, has taken steps to understand SARS-CoV-2 and the efficacy of our high-level disinfectants (HLDs) and sterilants against it. Previous confirmatory testing performed by a third-party laboratory has verified that Cantel’s 5% peracetic acid concentrates1 demonstrate a complete inactivation of the 229E human coronavirus strain, in five minutes at room temperature. Additionally, these HLD/sterilant products carry virucidal efficacy claims against enveloped3 and more challenging, non-enveloped viruses such as poliovirus type 25 and many other more pathogens.
Thus, impact of the coronavirus (COVID-19) pandemic is expected to drive the growth of the global high level disinfection services market during the forecast period.
The increasing number product launches by market key players will drive the growth of the global high level disinfection services market during the forecast period. For instance, in January 2020, Best Sanitizers, Inc., announced the release of their new line Alpet, peracetic acid products. PAA (peracetic acid) is widely known in the food manufacturing industry as an effective and versatile sanitizer. Depending on the dilution, peracetic acid can be used to sanitize food contact and non-food contact surfaces, but can also be added to brines, washes and ice to slow spoilage and add shelf life to produce, meat, poultry, and seafood.
Higher number of patients of coronavirus are expected to provide huge opportunities to the global high level disinfection market growth in the forecast period. For instance, according to a report published by Statista, as of August 30, 2021, the number of COVID-19 cases worldwide had reached over 217 million. In addition, the number of deaths due to COVID-19 were around 4.5 million across the globe.
The government guidelines for disinfection and sterilization of medical devices will increase the use of high level disinfectants, this will boost the growth of global high level disinfection services market. For instance, according to Ministry of Health & Family Welfare Government of India, Swachhta Guidelines for public health facilities, to sterilize fibre-optic endoscopes glutaraldehyde must be used.
Increasing number of product clearance from regulatory bodies is expected to drive the growth of global high level disinfection services market over the forecast period. For instance, in January 2015, Mar Cor Purification, Inc. (Mar Cor), a subsidiary of Cantel Medical Corporation announced that it has been given 510(k) clearance (K133724) from the U.S. Food and Drug Administration (FDA) for MINNCARE HD high level disinfectant, the first water system disinfectant granted a medical device clearance for use in hemodialysis applications. MINNCARE HD disinfectant is a proprietary blend of peracetic acid and hydrogen peroxide and is completely biodegradable allowing for easy disposal and reducing environmental impact.
Browse 39 Market Data Tables and 32 Figures spread through 175 Pages and in-depth TOC on Global High Level Disinfection Services Market, by Services (In-house and Outsource), by Compound (Formaldehyde, Glutaraldehyde, Ortho-pnthalaldehyde, Hydrogen Peroxide, Peracetic Acid, and Others), by End User (Hospitals and Clinics, Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, Academic and Research Institutes, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Forecast to 2028"
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The increasing inorganic growth strategies such as distribution agreement by key players is expected to drive the growth of global high level disinfection market. For instance, in June 2020, BioHiTech Global, Inc., a technology and services company that provides cost-effective and sustainable environmental management solutions, announced that it has entered into an agreement with Altapure, LLC, a technology developer and manufacturer of ultrasonic based disinfecting products, to distribute its patented line of environmentally-friendly, high-level disinfecting products.
Key Takeaways of the Global High Level Disinfection Services Market: