Ultraviolet Germicidal Irradiation Market to Reach US$430.3 mn by 2023; Regulatory Mandates in U.S. Put North America in Leading Position Transparency Market Research has published a new market report titled, “Ultraviolet Germicidal Irradiation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 2023.� According to the report, the global ultraviolet germicidal irradiation market was valued at US$168.4 mn in 2014 and is anticipated to expand at a CAGR of 10.9% from 2015 to 2023 to reach US$430.3 mn by 2023. Ultraviolet germicidal irradiation comprises the use of ultraviolet light to kill microbes present in an enclosed area or on a specific object. It can be used on surfaces as well as for food, water, and air treatment. Ultraviolet germicidal irradiation works through the ionizing potential of ultraviolet radiation. While this is the property of ultraviolet light that can give humans skin cancer, it can also disrupt the genetic material of microbes and thus be of immense use. This is similar to the process that causes cancer, as alterations in the genetic makeup cause tumors in humans.
According to Transparency Market Research, the global ultraviolet germicidal irradiation market was worth US$168.4 mn in 2014. The increasing awareness about the importance of eliminating microbial presence is expected to propel the ultraviolet germicidal irradiation market in the coming years. The market is likely to exhibit a strong 10.9% CAGR between 2015 and 2023. Expanding at this rate, the market will reach a valuation of US$430.3 mn by 2023. Rising Rate of Hospital-acquired Infections to Drive Demand for UV Germicidal Irradiation Hospital-acquired infections have become a major problem for the modern global healthcare scenario. Since patients suffering from several diseases visit hospitals, a high concentration of several pathogens can be observed in hospitals. This leads to a high risk of people contracting diseases in hospitals. Ultraviolet germicidal irradiation is thus increasingly being used in hospitals to sterilize instruments and disinfect the air. The rising demand for ultraviolet germicidal irradiation from hospitals has also been helped by the steady regulatory support for the same. Since UV germicidal irradiation makes the healthcare sector more efficient by reducing the incidence of hospital-acquired infections, many governments have expressed solid support for the technology. This is a major driver expected to benefit the global ultraviolet germicidal irradiation market in the near future.