The disinfectors market is expected to experience substantial growth through 2020, according to a Transparency Market Research report.
Here are five notes:
1. In 2013, the market was valued at $1.6 billion.
2. The market is expected to grow at a compound annual growth rate of 10.2 percent between 2014 and 2020.
3. An increasing prevalence of hospital-acquired infections from insufficiently cleaned medical instruments is fueling market growth.
4. The hospitals and clinics segment is projected to be the dominant market contributor, and is expected to grow at a CAGR of 10 percent from 2014 to 2020.
5. An increasing geriatric population makes North America the leading player in the market. However, Asia Pacific is likely to experience significant growth due to rising healthcare expenditures.
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