Bio Decontamination Market: Current trends & Competitive landscape
Global Bio Decontamination Market: Overview
With the rise in hospital acquired infections and rising awareness regarding the prevention of viruses the bio contamination market is expected to grow leaps and bounds during the forecast period. Moreover, administrations of different countries have laid down stringent regulations pertaining to prevention of viral contamination. The market’s growth is further backed by the overarching trend of outsourcing the bio decontamination services to ensure efficient decontamination.
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The booming bio-pharma industry and rising efforts towards the development of sophisticated bio decontamination devices calls for a need to conduct derailed research on the bio decontamination market. In its latest study, TMR outlines the recent developments in the bio decontamination market and analyses the impact of changing demographics on the growth strategies deployed by the stakeholders. It also takes into consideration the opportunities, drivers, and restraints in the market.
Global Bio Decontamination Market: Notable Developments and Competitive Analysis
The bio decontamination market is anticipated to fetch maximum revenue from the medical and pharmaceutical device manufacturing companies and research organizations. The vendor landscape of the market is characterized by intense competition which driven by developing products keeping in mind the changing consumer trends.
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Leading industries are focusing on new product launches to sustain their position in the market. Some of the notable developments in the bio decontamination market are mentioned below:
- In a bid to enhance their product portfolio, Ecolab Inc. announced the acquisition of Bioquell Plc., a leading company providing bio decontamination services. This move helped Ecolab to gain access to a large pool of consumers across the world and also helped in enhancing its operational efficiency.
- Amria SRL developed a new bio decontamination solution called COMBO. This solution enables the bio decontamination of different rooms simultaneously. Moreover, it can be customized as per the consumer’s needs.
- Bioquell has recently opened a new technology centre at Horsham, Pennsylvania. This centre showcases a wide range of bio decontamination systems and will serve as an incubator for new product development.
Some of the leading enterprises in the bio decontamination market include:
- Zhejiang Tailin Bioengineering Co
- Noxilizer, Inc.
- ClorDiSys Solutions Inc.
- Howorth Air Technology Limited
- Fedegari Autoclavi SpA
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Global Bio Decontamination Market: Key Drivers
Bio decontamination is one of the most cost efficient ways of viral decontamination and hence is highly preferred over other methods. The development of new portable bio contamination devices has further supported the bio decontamination market’s growth. The hydrogen peroxide based devices in particular are highly popular because of their safety and material compatibility.
Extensive lifecycle of bio decontamination equipment may restrict the market’s growth. However, rising demand for chamber decontamination and development of equipment with less manual intervention may present new growth opportunities for the global bio decontamination market.
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Global Bio Decontamination Market: Regional Analysis
On the regional front, Asia Pacific is expected to grow at a promising pace during the forecast period. It being one of the leading exporters of pharmaceutical products presents a lucrative opportunity for the bio decontamination market’s expansion. India, Japan, and China hold a pie’s share in the market’s growth in this region. The market in North America is dominated by the U.S. due to strict laws pertaining to medical safety. Moreover, the regulatory bodies in this region are increasingly conducting awareness campaigns regarding the benefits and need of bio decontamination.
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