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Surface Disinfectant Market Worth 542.55 Million USD by 2020


News provided by

MarketsandMarkets

05 Oct, 2015, 11:30 GMT

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PUNE, India, October 5, 2015 /PRNewswire/ --

According to a new market research "Surface Disinfectant Market by Product (Hypochlorite, Quaternary Ammonium Compounds, Hydrogen Peroxide, Chlorhexidine Gluconate, Peracetic Acid, Phenol, Alcohol), Formulation (Sprays, Liquids, Wipes) - Global Forecast to 2020", published by MarketsandMarkets, the global market is expected to reach USD 542.55 Million by 2020 from USD 312.17 Million in 2015, growing at a CAGR of 11.69% between 2015 and 2020.

Browse 73 Tables and 116 Figures spread through 164 Pages and in-depth TOC on "Surface Disinfectant Market"

http://www.marketsandmarkets.com/Market-Reports/surface-disinfectant-market-231286043.html

Early buyers will receive 10% customization on this report. 

The global Surface Disinfectant Market is poised for moderate growth between 2015 and 2020. Key market drivers include increasing incidence of hospital-acquired infections, growing in the number of surgical procedures and increasing healthcare expenditure.

Ask For The PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=231286043

Growing healthcare expenditure will aid the growth of the Surface Disinfectant Market. Healthcare expenditure constitutes a significant part of the development budget of all countries. It consists of spending by both public and private sources on medical goods and services. Rapid economic development across the globe is expected to improve access to quality healthcare. Increasing healthcare expenditure will lead to a rise in the demand for quality healthcare and will be an important growth driver for the Surface Disinfectant Market.

According to estimates from the World Bank, global healthcare spending increased at a CAGR of 6.97% from 2003 to 2013, from USD 3,786 Billion in 2003 to USD 7,427 Billion in 2013. In this period, public healthcare spending increased at a CAGR of 7.28%, from USD 2,198 Billion in 2003 to USD 4,440 Billion in 2013. This high growth rate, along with the substantial size of healthcare spending, will act as an important driver for use of surface disinfectants in hospitals and homes, which are the major end-user segments of the Surface Disinfectant Market.

The Surface Disinfectant Market is segmented on the basis of by products and formulations. Products segments included in the report are hypochlorite, quaternary ammonium compounds, hydrogen peroxide, chlorhexidine gluconate, peracetic acid, chlorine dioxide, phenolic compounds, alcohols, iodine compounds and aldehydes. Hypochlorites had the largest share of the global Surface Disinfectant Market in 2015 and quaternary ammonium compounds are expected to grow at the highest CAGR between 2015 and 2020.

On the basis of formulation, the report is segmented into liquids, sprays and wipes. Liquid formulations had the largest share of the Surface Disinfectant Market in 2015. It is also expected to be the fastest growing formulations segment between 2015 and 2020.

The geographic segments included in this report are North America, Europe, APAC, Latin America and Middle East and Africa. North America has the largest share of this market in 2015, while APAC is expected to grow at the fastest rate during the forecast period. Growth in the APAC market will primarily be driven by the increasing population and growing healthcare expenditure in this region.

The major players in the Surface Disinfectant Market include 3M Company (U.S.), STERIS Corporation (U.S.), Johnson & Johnson (U.S.), Cantel Medical Corp. (U.S.), The Clorox Company (U.S.), Reckitt Benckiser Group Plc. (U.K.), The Procter & Gamble Company (U.S.), Sealed Air Corporation (U.S.), Whiteley Corporation (Australia) and Metrex Research, LLC. (U.S.).

Browse Related Reports: 

Infection Control Market by Disinfection (Endoscope Reprocessing, Disinfectant, Disinfector, Surgical Drapes, Gowns, Disinfectant Wipes, Face Mask), Sterilization (Moist Heat, Dry Heat, Ethylene Oxide, E-beam, Contract Services) - Global Forecast to 2020.

http://www.marketsandmarkets.com/Market-Reports/infection-control-market-1084.html

Cleanroom Technology Market by Equipment (HVAC System, HEPA Filter, Air Shower, Air Diffuser), Consumables (Apparel, Gloves, Wipes, Disinfectants), Construction (Hardwall, Softwall), & by End User (Pharmaceutical, Biotech) - Global Forecast to 2019.

http://www.marketsandmarkets.com/Market-Reports/cleanroom-technology-market-263122482.html

About MarketsandMarkets: 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Unit No. 802, 8th Floor, 
Tower - 7, Magarpatta City SEZ,
Hadapsar, Pune - 411013, 
Maharashtra, India.
Tel: +1-888-6006-441.
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
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