Insights into the Future of the UV Disinfection Equipment Market
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UV disinfection equipment uses short-wavelength ultraviolet C (UV-C) light to inactivate or destroy microorganisms by terminating nucleic acids and disrupting their DNA, leaving them incapable of performing cellular functions. The disinfection equipment is used in various applications, including water treatment, air purification, food and beverage processing, and medical devices. The demand for safe and effective disinfection methods is increasing. UV disinfection is a safer and more effective way to destroy harmful microorganisms. Increasing R&D investments by the manufacturers to enhance the performance of UV disinfection equipment for large-volume applications such as industrial process water and municipal drinking water treatment would fuel the UV disinfection equipment market growth in the coming years.
Disinfection is an inevitable process in hospitals, as it contributes to the safety and security of patients. Hospital facilities are highly exposed to harmful bacteria, viruses, and fungi that can harm the well-being of patients and healthcare workers, visitors, newborns, etc. These healthcare-associated infections (HAI) are commonly transmitted through hospitals, end-stage renal disease facilities, ambulatory surgical centers, and long-term care facilities. As per the US Department of Health and Human Services, ~1 in 31 inpatients have an infection related to hospital care. The World Health Organization (WHO) in its report released in May 2022, stated that 7 out of 100 patients and 15 out of 100 patients in acute-care hospitals in high-income countries and low- and middle-income countries (LMICs), respectively, can acquire at least one HAI during their hospital stay. In addition, on average, 1 in every 10 affected patients would die from the acquired HAI. The report also stated that 70% of these diseases can be prevented by adopting good hand hygiene and other cost-effective practices. Thus, the need for disinfection equipment to kill the live germ in the air, water, or surfaces for preventing disease transmission and bolstering human safety triggers the adoption of UV disinfectant equipment in the healthcare sector.
In 2020, rapid spread of the novel coronavirus urged governments across the world to impose strict restrictions on human movement. Travel restrictions, mass lockdowns, and business shutdowns adversely affected economies and countless industries in various countries. The shutdown of all the closure of commercial, industrial, and municipal areas has dropped the demand for UV disinfection equipment during the pandemic. Thus, the COVID-19 pandemic has negatively impacted the UV disinfection equipment market.
In Q4 of 2020, the UV disinfection equipment market started to stabilize due to the ease in the lockdown restrictions. The manufacturing plants of UV disinfection equipment also restarted, fueling the market growth. In addition, the market players restarted receiving orders from various end users such as residential, commercial, industrial, and municipal.
The top five companies in the market Xylem Inc, Trojan Technologies Group ULC, Halma Plc, Kuraray Co Ltd, and Atlantic Ultraviolet. The above listing of key players is derived by considering multiple factors such as overall revenue, current well completion equipment and services portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers and acquisitions, and other joint activities.
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