The bio decontamination market is projected to generate USD 294.7 million by 2030, advancing at a CAGR of 7.0% during 2022–2030. This will be due to the increasing incidence of HAIs, growing number of surgical procedures performed, and the presence of major market players.
The COVID-19 impacted the industry positively. The need for bio decontamination goods and services for medical devices and healthcare facilities increased as a result of factors, such as the high demand for hospital beds and intensive care units, the increase in the number of isolation facilities, and growing consumer awareness about these services. Hospitals employed bio decontamination services in 2021 to transform COVID-19 units into regular wards.
Major opportunity for the industry is the growing healthcare sector. The healthcare sector is changing, and businesses must invest heavily in processes and technologies to reduce costs, expand access to care, and enhance medical care if they want to thrive in this. The costs of delivering treatment and the results of that care are, what are driving contemporary trends in healthcare. Healthcare providers are switching to outpatient services and implementing innovative care delivery models. For instance, as telemedicine offers a fantastic opportunity to reduce the distance between doctors and patients, demand for it is rising. Other significant drivers of the expansion of telemedicine services are, the need to lower healthcare costs and the rise in the number of elderly patients. According to a recent Advisory Board survey, 19% of patients have previously received healthcare online, and 77% of customers are keenly interested in doing so.
In 2022, the equipment category held the largest share, around 55%, owing to the presence of various equipment for the process. For instance, smaller businesses frequently employ vacuum benchtop sterilizers. These sterilizers can sterilize more complicated devices and equipment that are encased in porous materials because they produce a vacuum. This is due to the vacuum's displacement of air, which enables steam to penetrate crevices or internal mechanisms. Also, although endoscope drying cabinets are neither sterilizer or disinfectors, they are a crucial in the decontamination of endoscopes. These cabinets keep endoscopes after they have been sterilized and allow them to dry in a sterile setting.
Moreover, hydrogen peroxide held the largest share in 2022. VHP processing increases the life of enclosures (in comparison to other sterilant systems) since it uses peroxide vapor at low temperatures, with little pressure variation, and at low concentrations. Also, if properly managed, the VHP process has no risk to the operator. Water and oxygen are the by-products of hydrogen peroxide's natural deterioration. There are no issues of harmful chemical disposal because the sterilant is broken down during the VHP process.
Moreover, North America held the largest share in 2022, owing to the increasing incidence of HAIs. Health care–associated infections are among the most common complications of hospital care. One of the frequent side effects of hospital care is HAIs. A HAI affects roughly 1 in every 31 hospitalized patients in the U.S., implying that 633,300 individuals have one of these illnesses every year. Every year, the American healthcare system observes more than one million HAIs. Thousands of lives are lost annually as a result of these illnesses, which can also cause severe morbidity and mortality. Annual costs for HAIs are projected to be in billions. Clinicians for long considered these infections as a risk of hospitalization that cannot be avoided.
The major players operating in the global bio decontamination market are STERIS plc, Ecolab Inc., TOMI Environmental Solutions, JCE BIOTECHNOLOGY, Fedegari Autoclavi SpA, Howorth Air Technology Limited, SolidFog Technologies, ClorDiSys Solutions Inc., and Noxilizer Inc.