According to MarkNtel Advisors’ research report titled “GCC Surface Disinfectant Market Analysis, 2020”, the GCC Surface Disinfectant Market is anticipated to grow at a CAGR of substantial rate during 2020-25. The presence of stringent regulations for the use of surface disinfectants (in hospitals, diagnostic laboratories, pharmaceutical & biotechnology companies, and research laboratories) coupled with advancements in surface disinfectants are the major growth drivers for the GCC surface disinfectant market growth during 2020-25.
“GCC Surface Disinfectant Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Surface Disinfectant providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
High Rate of Occurrence of Hospital-Acquired Infections (HAIs)
Hospital-acquired infection is a type of nosocomial infections which is found in patients. The transmission of pathogens can occur by direct contact with hospital equipment, healthcare workers, or contaminated environment. The incidence of HAIs is mainly reliant on the patient’s immune status, infection control practices, and the prevalence of various infectious agents around the hospital facilities. Thus, the burgeoning number of HAIs in patients is propelling the growth of surface disinfectant in the forthcoming years.
Skyrocketing Demand of the In-House Segment in GCC Region
The in-house surface segment is projected to outperform the other application segments in 2019. The growth is driven by the high prevalence of hospital-acquired infections in the GCC thus, surging the need for disinfectants to clean these surfaces. The liquid and wipes are commonly used for cleaning and disinfect the in-house segment.
Wipes Segment Exhibiting the Highest Market Share
Wipes segment showcased the largest growth with the highest market share in 2019. Wipes are easier to use and have advantages such as zero water consumption, lesser chances of cross-contamination compared to liquids, and ease of use. The wipes are primarily used for medical device disinfectant for the surfaces. The wipes generally are high in cost and are currently confined only to developed nations. Moreover, the spray segment also witnessed an induced demand in GCC countries and is projected to show positive growth during 2020-25 as stated in the MarkNtel Advisors’ research report “GCC Surface Disinfectant Market Analysis, 2020”.
Hospital Segment as the Dominant Segment
Hospital setting's end-user segment is estimated to attain a higher CAGR during 2020-25 and remained a dominant sector in 2019. The growth of the segment is attributed to high occurrence of hospital-acquired infections (HAIs), thus resulting in cost burden on the stakeholders, which have driven the adoption of infection control products such as surface disinfectants in hospital settings.
According to MarkNtel Advisors, the key players with a considerable market share in the GCC Surface Disinfectant market include the colorox Company, Ecolab, 3M, Cantel Medical, Johnson and Johnson, Procter and Gamble, Reckitt Benkinser, Sealed Air Corporation, Steris Corporation, Carroll Company, etc.
Key questions answered in the study: