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According to the estimation of the World Health Organization, approximately 1.4 million people are affected due to healthcare associated infections (HAI) that majorly spread through lack of hand hygiene. Various microbes such as norovirus, rotavirus, hepatitis A virus, candida, pseudomonas, and others are transmitted through unhygienic hands, and unclean surfaces. Hand hygiene and disinfectants can prevent the growth and contamination of germs and 90-99% of microbes; where cleaning chemicals and unique antimicrobial disinfectants plays major role. The global cleaning chemicals market in healthcare industry valued at $136 billion in 2018, and the demand is expected to grow at a CAGR of 4% during the forecast period 2019-2025.
Cleaning Chemicals Market in Healthcare Sector Outlook:
Hand sanitizer is the fastest growing application segment with a CAGR of 1.20%, owing to increasing healthcare awareness among urban populations. Hand washing reduces 23-40% risk of diarrhea infection, 16-21% of respiratory illness, and 29-57% of gastrointestinal disease in school children. Additionally, as per Environmental Protection Agency, disinfectants such as aldehydes, phenolics, halogen-based biocides, quaternary ammonium compounds and acids disinfectants, registered high adoption in healthcare industry, as they are highly effective against viruses, bacteria and yeasts and also safe to use. Disinfectants contain isopropyl alcohol and chlorhexidine works effectively for dressing wounds and cuts. Considering geographical analysis, APAC is the dominant region with a market share of 40% in the global cleaning chemicals in healthcare market in 2018. The region dominance is due to rising concern related to industrial wastage and water sanitation in Asian countries such as China, India, and Japan.
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Cleaning Chemicals in Healthcare Market Growth Drivers:
· Growing Health Awareness
Rising responsiveness towards the consequences of germ contamination is boosting the demand for aforementioned cleaning chemicals. Moreover, every year, Global Hand Wash Day is celebrated on October 15 to increase the general awareness about the importance of cleaning hands.
· Demand from Healthcare Organization
Healthcare facility generate high demand of cleaning chemicals, owing to the fact that healthcare organizations are more prone to infections. Increasing demand for cold surface sterilization of clinical instruments in the healthcare organization is also boosting the growth of cleaning chemicals especially disinfectants in the healthcare industry.
Cleaning Chemicals Market in Healthcare Industry Challenges:
Hand sanitizers are not much effective to remove microbes, as compared to hand wash. Sanitizers consist of toxic chemicals and are flammable. Health hazards related with these cleaning chemicals also act as a challenge for the market growth. These challenges can be overcome by using natural and organic ingredients in manufacturing of disinfectants and sanitizers.
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Cleaning Chemicals Market in Healthcare: Key Players
The key players in the global cleaning chemicals in healthcare market are 3M, Reckitt Benckiser, BASF, AkzoNobel, DowDupont, Huntsman, Ecolab, Magnum Research Corp, Fuller Industries, Caroll Company, Spartan Chemical, Marketing Chemicals, and others.
Fuller Industries excel in cleaning chemicals for commercial purposes and are granted ISO and FDA approval for their varied range of chemical products. Company also hold expertise in personal label chemicals and custom brushes, plastic injections, aerosols, and many more.
Cleaning Chemicals Market in Healthcare Industry Trends:
· Innovative Dispenser Systems
The dispenser system of cleaning chemicals, hand sanitizers in particular, have evolved through many techniques and trials. Sanitizing bottles play a major role in retaining germ free hand touch. Thus, dispenser systems have disrupted the cleaning chemicals market and will see an upsurge in demand.
· Disinfectant Formulations
Growing importance of standardized laboratory testing is driving the innovations in disinfectant formulations. Biocidal activity plays a crucial role in case of hospital disinfectant selection, along with its application, and environmental impact.
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Cleaning Chemicals in Healthcare Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the cleaning chemicals in healthcare market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cleaning chemicals in cleaning chemicals in healthcare market, and their specific applications in different areas.
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