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The sterilization equipment and disinfectants market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

Read More On The Sterilization Equipment And Disinfectants Market Report 2022 – https://www.thebusinessresearchcompany.com/report/sterilization-equipment-and-disinfectants-global-market-report

The Sterilization Equipment And Disinfectants Market Size In 2022 And Forecast

The global sterilization equipment and disinfectants market grew from $7.23 billion in 2021 to $8.11 billion in 2022 at a compound annual growth rate (CAGR) of 12.1%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The sterilization equipment and disinfectants market is expected to grow to $11.2 billion in 2026 at a CAGR of 8.4%.

The sterilization equipment and disinfectants market consist of sales of sterilization equipment and disinfectants which are used in the decontamination of microorganisms.

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Government regulations to combat the COVID-19 situation Is Driving The Growth Of The Sterilization Equipment And Disinfectants Market

In March 2020, US EPA announced the acceleration of reviewing the submissions by disinfectant manufacturers requesting to add Emerging Viral Pathogens Claims to the already existing surface disinfectant labels. EPA also took steps against supply chain challenges by increasing the flexibility of procurement of inert ingredients and even some active ingredients listed in List N – “Disinfectants for Use against SARS-CoV-2”, without checking for the agency’s approval. The manufacturers are also allowed to release the disinfectants by just notifying the changes adopted in formulation and manufacturing facilities without waiting for US EPA approval. EPA has also created platforms to identify and protect consumers from fraudulent Coronavirus Disinfectants Claims. Governments’ steps against COVID-19 will focus on the enhancement of the production, approval, and safety of consumers and mitigate the supply chain challenges, which will increase the revenue of the market.

Competitive Landscape And The Regional Analysis Of The Sterilization Equipment And Disinfectants Market

Major players in the sterilization equipment and disinfectants market are 3M Company, Cantel Medical Corporation, Steris Corporation, Getinge AB, Belimed, TSO3 Inc, Matachana Group, CISA Production SRL, Advanced Sterilization Products, and Sakura SI CO.

Additionally, as per TBRC’s research – Asia Pacific was the largest region in the sterilization equipment and disinfectants market in 2021 holding the largest market share.

The Sterilization Equipment And Disinfectants Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the sterilization equipment and disinfectants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the sterilization equipment and disinfectants market.

Sustainable solutions – A Key Trend In The Sterilization Equipment And Disinfectants Market

Sustainable solutions such as repeat sterilization of medical equipment including personal protective equipment are expected to boost the market during the forecast period. As there is a shortage in the supply of PPE to the hospitals offering services to COVID-19 patients, few companies have come up with repeat sterilization of used PPE like gowns and masks.

Sterilization Equipment And Disinfectants Market Segmentation By The Business Research Company

1) By Product Type: Sterilization Equipment, Disinfectants

2) By Method: Physical Method, Chemical Method, Mechanical Method

3) By End-User: Hospitals And Clinics, Pharmaceutical Companies, Clinical Laboratories

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