Pharmaceutical and Healthcare Cleaning Products Market Overview:
Global epidemic of health care-associated infection (HCAI) is a major factor influencing the market demand-
Hygiene is of utmost importance in the global pharmaceutical and healthcare sector. Spaces and equipment employed by these sector require an extensive array of cleaning products to restrict spreading of viruses and infections. Global epidemic of health care-associated infection (HCAI) and emphasis on inhibiting HCAI is adding impetus to the pharmaceutical and healthcare cleaning products market demand. Opportunities in the market can be well stated by the fact that 1 out of 25 hospital patients are infected by HCAI. This brings the rate of infection alone in Europe to 5 million and an economic burden of approximately $ 29.6 billion. In developing countries the scenario is even worse with HCAI prevalence rate in Brazil (14%), Turkey (13.4%) and Morocco (17.8%) being the highest. Considering such alarming data, various organizations such as WHO and FDA are running campaigns and encouraging governments to install strict regulations across the globe to hygiene among healthcare professionals and regular individuals as well. Owing to such operations and trends, pharmaceutical and healthcare cleaning products market growth is witnessing substantial impetus.
The global pharmaceutical and healthcare cleaning products market size was evaluated to be $ 9.7 billion in 2018. Apart from maintaining hygiene of the spaces are area in the healthcare and pharmaceutical sector, proper cleaning of equipment employed is also vital. All these instruments need sterilization before every use. So, the need for cleaning agents in the healthcare industry is imperative. Hence, the rapidly flourishing life sciences & lap equipment market valued at $44.38 billion as of 2018 is also a market demand determining factor. The convoy of cleaning products is limitless but the ones most commonly employed are detergents, disinfectants, anionic surfactants, hand sanitizer sprays, latex gloves, sterile wipes, gauze pads, and disinfectant spray. Such products are not one time installments and requires frequent restocking, and hence its demands and usage are vigorous and reappearing in all its application industry verticals including hospitals, clinics, ambulatory surgical centers, pharmaceutical processing industry, and biotechnology companies. Owing to such resurfacing revenue avenues, the pharmaceutical and healthcare cleaning products market demand is estimated to be progressing at a CAGR of 6.7% during the forecast period of 2019 – 2025.
Pharmaceutical and Healthcare Cleaning Products Market Geographical Outlook:
The United States conducts 46% of the global research and development (R&D) in life sciences-
In 2018, North America was spotted as the most lucrative region for trade in pharmaceutical and healthcare cleaning products market. The region with maximum demand emerging from the United States had 40.2% share of the global demand. The sheer affluence of North America is directly proportional to the gigantic healthcare budget, increasing number of hospitals and a prolific pharmaceutical research and development arena in the United States. Some facts in support of the argument-
· Nearly 22% of indigenous pharmaceutical employees in the United States are employed directly in research and development, this ratio is nearly 4 times that of the average U.S. industry. Moreover, in 2013 life-sciences companies in the U.S conducted $96.5 billion of research and development. This has augmented the North American life sciences & lap equipment market size. As cleaning products or equipment is paramount to this sector, it is positively influencing the pharmaceutical and healthcare cleaning products market demand.
· The presence of world-class healthcare facilities, including hospitals, nursing centers, rehabilitation centers, and clinics, are responsible for the North American market share. Moreover, per capita expenditure in the healthcare in the U.S reached $9,325 in 2016. The total number of hospitals in the U.S was 6,210 in 2017 with total expenses exceeding $1 trillion the same year. Cleaning products are the fundamental infection restricting mechanism employed by the healthcare sector and a significant share of investment is made to keep the healthcare facilities clean and free of infection. Hence, unrestricted growth in the U.S healthcare sector is adding impetus to the pharmaceutical and healthcare cleaning products market. The growing number of hospitals and labs is the prime factor supporting the rampant growth of the floor cleaning products. This segment is estimated to be progressing at an application CAGR of 5.2% during the forecast period of 2019 – 2025.
Pharmaceutical and Healthcare Cleaning Products Market Trends:
Organic Cleaning Agents: The pharmaceutical and healthcare cleaning products necessitates the employment of acids to eradicate harmful microbes. Regular usage of such hard chemicals is hazardous to the the equipment and the personnel associated in the cleaning as well. Therefore, cleaning product manufacturers are investing in research and development of organic cleaning products. For instance, Grenove Services Pvt. Ltd., India has implemented an organic front in marketing it products. The company is leveraging the modern ‘label-conscious’ consumers and is dedicated towards providing eco-friendly solutions.
Robotic Technology: The trend of automation is slowly but definitely emerging in the global pharmaceutical and healthcare cleaning products market as well. Consequently, the more automatic the process will be the higher will be stake of deployment of such services by marginalized healthcare facility as well. Devoid of human intervention, the automatic process will be economic. Cleanfix Reinigungssyteme AG, has launched the robo RA 660 Navi. It is equipped with patented laser navigation system, along with three cleaning brushes and a suction cup.
Pharmaceutical and Healthcare Cleaning Products Market Companies:
Some of the key players with majority of the pharmaceutical and healthcare cleaning products market share are The 3M Company, Henkel AG & Co, BASF SE, DAC Disinfectant, Cif, Clorex Company, Clariant AG, Albemarle Corporation, and W.M. Barr & Co.
Pharmaceutical and Healthcare Cleaning Products Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Pharmaceutical and Healthcare Cleaning Products Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various types of trends in global Pharmaceutical and Healthcare Cleaning Products Market, and their specific advantages to the market.