Increasing Healthcare Associated-Infection (HCAI) Converging Healthcare with Cleaning Chemicals Market
The revenue in the cleaning chemicals in healthcare market will grow at a healthy CAGR in terms of value over the forecast period of 2018 to 2023.
(firmenpresse) - Cleaning Chemicals Market in Healthcare Industry: Snapshot
The healthcare industry is at constant flux with the ever-growing demand for different products and services corresponding to the latest trends. Cleaning chemicals are perfect examples that are employed to provide a wide range of solutions like air fresheners, sanitizers, and disinfectants. Increasing consumer awareness about hygiene being supported with increasing disposable income and government initiatives of public awareness campaigns about safe health have been driving the market for cleaning chemicals and is expected to cross $150 billion by 2020. A growing number of infection cases acquired from hospitals is a major driver fueling the cleaning chemicals market in the healthcare industry.
According to a recent business intelligence report from IndustryARC, a research and consulting firm, the revenue in the cleaning chemicals in the healthcare market will grow at a healthy CAGR in terms of value over the forecast period of 2018 to 2023. The report titled “Cleaning Chemicals in Healthcare Market: By Type (Air Fresheners, Sanitizers, Dishwashing, Others); By Application (Hospitals, Retail Outlets, Household Appliances, Healthcare Facilities) By Form (Powder, Liquid, Sprays) By Region – Forecast (2018 - 2023).”
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Cleaning Chemicals in Healthcare Market- Disruptive Trends:
The health care sector is the obvious major end user of cleaning chemicals, employing it for preventing various diseases caused due to germs, bacteria and other communicable pathogens. As per the WHO, healthcare associated-infection (HCAI) distresses 5–15% of hospitalized patients and can affect 9–37% of those admitted to the intensive care units (ICUs). These are the percentages of developed countries and the scenario in developing countries is even worse with the HCAI prevalence rate in Brazil (14%), Turkey (13.4%) and Morocco (17.8%) being the highest. Owing to such alarming settings hand sanitizers have a tremendous scope of applications in the rapidly innovating and robustly growing billion dollar healthcare domain.
Hand sanitizers are the leading segment in the cleaning chemicals in the healthcare market and is likely to cross $230 million by 2020. Sales of disinfectants and sanitizers are estimated to experience rapid growth, as food industry participants seek to satisfy the required safety requirements of consumers, regulators, national and global food retailers, and foodservice companies, especially following several recent foodborne illness outbreaks.
Cleaning chemicals in the healthcare market steps forward with the manufacture of aerosol which is not only utilized by healthcare cleaning products but also in various commercial personal-care applications. As per the European Aerosol Federation, the cosmetics segment accounts for about 54% of the current aerosol production in Europe. Similarly, household products represent 21% and the enormous pharmaceutical sector is composed of 7% of the aerosol production in Europe. Such a range of employment promotes it as a commercial commodity serving revenue and stoking demand for the parent market.
Some of the key players in the cleaning chemicals market in the healthcare sector are Procter & Gamble, Henkel AG & Co. KGaA, BASF SE, Clariant, Stepan Company, 3M, and Reckitt Benckiser Group Plc.
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Rising consumer awareness about hygiene supported by government initiatives and increasing disposable income is driving the growth of the market. Some of the healthcare products which use cleaning chemicals are air fresheners, sanitizers, and disinfectants. It is widely used to aid and prevent further infections among patients suffering from various diseases caused due to germs and bacteria. Under these favorable scenarios, the cleaning chemicals in the healthcare market is expected to witness significant growth in the near future.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
Why agriculture? The topic focuses on healthcare
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Datum: 03.06.2019 - 14:51 Uhr
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