Government Regulations To Combat Covid-19 Are Boosting The Sterilization Equipment And Disinfectants Market Growth

Government Regulations To Combat Covid-19 Are Boosting The Sterilization Equipment And Disinfectants Market Growth

“Sterilization Equipment And Disinfectants Market Global Report 2020-30: COVID 19 Implications And Growth”
The Business Research Company’s Sterilization Equipment And Disinfectants Market Global Report 2020-30: COVID 19 Implications And Growth, Segments Covered: 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

Government regulations to combat the COVID-19 situation are expected to boost the sterilization equipment and disinfectants market growth during the forecast period. In March 2020, the US EPA (Environmental Protection Agency) announced the acceleration of reviewing the submissions by disinfectant manufacturers requesting to add Emerging Viral Pathogens Claims to the already existing surface disinfectant labels. The 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 agency’s approval. Manufacturers are also allowed to release the disinfectants by just notifying the changes adopted in formulation and manufacturing facilities without waiting for US EPA’s approval. The 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.

The global sterilization equipment and disinfectants market is expected to grow from $7.14 billion in 2019 to $8.05 billion in 2020 at a compound annual growth rate (CAGR) of 12.7%. The significant growth is mainly due to the COVID-19 outbreak and the measures to contain it. Coronavirus infection in most instances is transmitted through respiratory droplets and through contact with contaminated surfaces/objects. The virus gets easily inactivated by chemical disinfectants and sterilization of medical equipment prior to use. While sterilization is commonly used in healthcare settings, disinfectants are currently being rapidly used by the general public worldwide. The market is then expected to stabilize and reach $9.85 billion in 2023 at a CAGR of 6.95%.

The sterilization equipment and disinfectants market consist of sales of sterilization equipment and disinfectants which are used in the decontamination of microorganisms. The revenue of sterilization equipment and disinfectants market is mainly through the sales of sterilization equipment which includes heat sterilizers, low-temperature sterilizers, radiation sterilizers and filtration sterilizers, and disinfectants which include high-level, intermediate-level and low-level disinfectants. Manufactures of sterilization equipment and disinfectants are primarily engaged in manufacturing equipment which are used for decontamination by physical, chemical and mechanical methods by clinical laboratories, pharmaceutical companies, and hospitals and clinics.

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 personal protective equipment (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. In April 2020, San-I-Pak, a California based company that manufactures equipment for high-end waste treatment, provided sterilization equipment that sterilizes used medical equipment like PPE including isolation gowns, 3M safety glasses, several non-branded polycarbonate glasses, and surgical masks. Similarly, Battelle Memorial Institute, a non-profit research organization, is aiming at re-using the N95 respirator masks by sterilizing the N95 respirator masks as long as the masks are not made of cellulose. Battelle has been funded with $400 million by the Defense Logistics Agency under the US HHS (Department of Health and Human Services), to provide decontamination of N95 across 60 sites in the USA. Following the scarcity of PPE, decontamination or sterilization of PPE rather than replacing this vital medical equipment is expected to be a growth area.

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