What Will The High Level Disinfection Services Market Look Like In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s high level disinfection services market report forecasts the high level disinfection services market size to grow to $41.48 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.
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High Level Disinfection Services Market Size Forecast
The global high level disinfection services market is expected to grow from $26.64 billion in 2022 to $29.08 billion in 2023 at a compound annual growth rate (CAGR) of 9.18%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The high level disinfection services market size is expected to reach $41.48 billion in 2027 at a CAGR of 9.28%.
North America held the largest high level disinfection services market share and was the fastest-growing region in 2022.
Key High Level Disinfection Services Market Driver – Increase In The Number Of Surgical Procedures
For instance, in April 2022, according to a survey report shared by the American Society for Aesthetic Plastic Surgery, a US-based organization of plastic surgeons. Based on the statistics, there has been considerable growth in operations for the face, breast, and body. Since 2020, attractive body operations such as abdominoplasty, buttock augmentation, and liposuction have climbed by 63%. Breast augmentation, augmentation with a breast lift, and breast lift with reduction treatments increased by 48%. Therefore, increasing demand for antibiotics is expected to drive the growth of the high-level disinfection market.
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Key High Level Disinfection Services Market Trend – Technological Advancement
Major companies operating in the high-level disinfection services market are concentrating on developing new technological solutions flexible across other elements, driving the expansion of technologies such as TEE Clean. For instance, in October 2022, Bio-One Sciences, a US-based company specialising in high-level disinfection solutions, launched non-invasive, chemical-free UVC disinfection for medical device manufacturing cleanrooms. The Thor UVC disinfection system is used in the business’s procedure to eliminate the viruses, bacteria, and molds as it releases a UVC dosage that is both germicidal and sporicidal.
High Level Disinfection Services Market Segment
1) By Services: In House, Outsource
2) By Compound: Formaldehyde, Glutaraldehyde, Ortho-Phthalaldehyde, Hydrogen Peroxide, Peracetic Acid, Other Components
3) By End-User: Hospitals And Clinics, Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Other End Users
High Level Disinfection Services Market Major Players and Strategies
Major players in the high level disinfection services market are Altapure, Steris Corporation, Microchem Laboratory LLC, Metrex Research LLC, Rentokil Initial PLC, Advance Sterilization Products (ASP), Stratus Building Solutions, Aseptic Health LLC, NYC Steam Cleaning, Servpro Industries LLC, ISS World Services A/S, CS Medical LLC, Getinge AB, Fortive Corporation (ASP), and Steelco SpA.
In June 2021, Steris Corporation, a US-based medical equipment company specialising in STERIS, acquired Cantel Medical Corporation for an undisclosed amount. This combination will provide a more diverse assortment of infection prevention and procedure goods and services to a more extensive set of customers. This acquisition combines the franchises of STERIS and Cantel to become a more substantial worldwide business serving a larger variety of customers. Cantel Medical Corporation is a US-based detergent and high-level disinfectant company.
The High Level Disinfection Services Global Market Report 2023 covers regional data on high level disinfection services market size, high level disinfection services market trends and drivers, opportunities, strategies, and high level disinfection services market competitor analysis. The countries covered in the high level disinfection services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
High-level disinfection services refer to the treatment of medical equipment and dental tools to prevent most live bacteria, except certain spores and prions, when a high load is present. High-level disinfection services are used in healthcare to chemically disinfect reusable medical and dental devices to avoid healthcare-associated infections in patients.
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