Global Bio Decontamination market was estimated at 132 (USD Million) in 2019 and is projected to be valued at over 178 (USD Million) by 2025 at a CAGR of 6.6%
The global Bio Decontamination market was estimated at 132 (USD Million) in 2019 and is projected to be valued at over 178 (USD Million) by 2025 at a CAGR of 6.6%. The report offers valuation and analysis of Bio Decontamination Market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, revenue estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).
According to NCBI, bio decontamination signifies providing symptomatic & therapeutic medicines to the person exposed to biological warfare agents. Moreover, bio decontamination plays a key role in the elimination of pathogens at research units, thereby helping in the prevention of contamination across the barrier systems.
Market Growth Dynamics
The surge in the hospital acquired infections and a prominent increase in the awareness about virus prevention is likely to boost the bio decontamination market growth trends. Apart from this, the thriving bio-pharma sector and the need for manufacturing advanced bio decontamination equipment will uplift the industry in the foreseeable future. Furthermore, developing economies are anticipated to offer an array of growth avenues for the bio decontamination industry over the ensuing years.
Apparently, massive competition and need to launch innovative products as per the changing customer trends will steer the bio decontamination industry trends over the forecast period. Huge demand in roof-repairing activities coupled with large-scale application of bio decontamination products in adhesives and automotive will embellish the growth rate of the bio contamination market over the forecasting years.
Our study includes the current events witnessed across the industry coupled with the competitive strategies adopted by the key industry players to accrue huge proceeds.
Asia Pacific Market To Register Highest CAGR Over 2019-2025
The regional market growth over 2019-2025 is attributed to rise in the number of hospitals & clinics, bulging population, and presence of robust healthcare infrastructure in the region. Furthermore, the region being largest exporter of pharma items, it is necessary to focus on maintaining the drug quality. This will further create demand for bio decontamination products in the region.
Key players profiled in the report include Ecolab, Inc., ClorDiSys Solutions Inc., Noxilizer, Inc., Wenzhou Weike Biological Laboratory Equipment Co., Ltd., STERIS, JCE Biotechnology, Howorth Air Technology Limited, Fedegari Autoclavi SpA, TOMI Environmental Solutions, Inc., Zhejiang Tailin Bioengineering Co., Ltd., and Amira S.r.l.
The global bio decontamination market is segmented as follows:
By Product & Service
By Agent Product
By End User