The global bio decontamination market Growth Accelerated by Rising Need for Decontamination in Pharmaceutical Industries

Bio decontamination products such as vaporized hydrogen peroxide and other chemical agents are used for terminal sterilization of rooms, Biosafety cabinets and isolators. They provide effective decontamination benefits without damaging sensitive equipment and ensure safety.

The global bio decontamination market is estimated to be valued at US$ 178.3 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing stringent regulations regarding sterility and cross contamination in pharmaceutical industries has accelerated the demand for bio decontamination solutions in the recent years. Various regulations like US FDA prohibits post-manufacturing contamination and emphasizes on periodical sterilization of facilities. Such regulatory norms ensure safe production and drive the adoption of automated and enhanced bio decontamination systems among pharma manufacturers. Bio decontamination systems offer hassle-free sterilization in compliance with established industry standards, improving production efficiencies.

Segment Analysis

The Global Bio Decontamination Market Size is dominated by hydrogen peroxide (H2O2) gas and vaporized hydrogen peroxide (VHP) sub-segments. Hydrogen peroxide (H2O2) gas and vaporized hydrogen peroxide (VHP) segments account for more than 50% of the overall market share due to their effectiveness in deactivating broad-spectrum microorganisms like bacteria, viruses, and spores. These solutions are highly preferred for their effectiveness, cost-efficiency, and eco-friendliness as they break down into water and oxygen.

Key Takeaways

The global bio-decontamination market is expected to witness high growth over the forecast period of 2023 to 2030. The market is anticipated to grow at a CAGR of 6.2% during the forecast period. The market size for 2023 is US$ 178.3 Mn.

Regional analysis

North America dominates the global bio-decontamination market and is expected to maintain its position over the forecast period. Major factors responsible for its leading position are the well-established healthcare infrastructure, presence of significant players, and growing awareness about environmental safety. Asia Pacific is projected to be the fastest-growing market due to rising healthcare expenditure, increasing number of healthcare facilities and stringent healthcare regulations.

Key players

Key players operating in the bio-decontamination market are Epiroc Ab, AB Volvo (Volvo Construction Equipment), Doosan Corporation, Caterpillar Inc., and Deere & Company. Epiroc Ab and AB Volvo (Volvo Construction Equipment) hold a majority share of the construction equipment market. They offer construction equipment with advanced features focused on sustainability.
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