Market Size of Ultraviolet Germicidal Irradiation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ultraviolet Germicidal Irradiation Market Analysis
The ultraviolet germicidal irradiation market is expected to register a CAGR of 8.9% during the forecast period.
The COVID-19 pandemic significantly impacted the growth of the ultraviolet germicidal irradiation market due to the increased demand for disinfection of hospitals and diagnostic laboratories to reduce airborne and surface bacterial and viral infections. For instance, according to an ACS Publications article, innovative disinfection technologies, including UV radiation, were found to be of tremendous importance in preventing the transmission of COVID-19 in 2020. The increased use of UVC sterilization equipment for air and surface disinfection was noticed during the pandemic. Due to the pandemic, healthcare organizations are now more aware of the benefits of ultraviolet germicidal disinfection, which led to increased product launches by major companies globally. For instance, in February 2021, Airific Systems developed UVHeal SafeAir, one of India's first UVGI systems, tested and certified by the ICMR-CSIR Virology Lab (CCMB) for 99% disinfection against SARS-CoV-2. The key players exhibit a significant interest in producing and launching new practical UVGI products for current and future pandemics, thereby boosting the growth of the market during the forecast period.
In addition, the increasing prevalence of hospital-acquired infections and technological advancements in ultraviolet germicidal irradiation is actively affecting the growth of the market studied.
According to the WHO, out of every 100 patients in acute-care hospitals, seven in wealthy countries and 15 in low- and middle-income countries were likely to acquire at least one healthcare-associated infection (HAI) during their hospital stay in 2022. This increased demand for technologies that effectively eliminate germs and pathogens. The surge in HAI is projected to boost demand for the ultraviolet germicidal irradiation method of disinfection in healthcare institutions, thereby boosting the growth of the market.
Additionally, the advancements in technology and increasing product approvals, along with partnerships and acquisitions by key players, drive the growth of the market. For instance, in January 2022, Iveda launched its commercial-grade, AI-driven ultraviolet germicidal irradiation (UVGI) product. Iveda Smart UVC vents irradiate all kinds of bacteria and viruses, including COVID-19. By leveraging the existing air circulation system, it disinfects the air by irradiating UV light onto the passing air. This eliminates the need to disinfect offices, meeting rooms, and other workspaces manually. As a result, UVGI technologies have undergone technological advancements, leading to the growth of the market.
Therefore, owing to the abovementioned factors, the market studied is anticipated to witness growth over the forecast period. However, limitations associated with ultraviolet germicidal irradiation (UVGI) are likely to impede the growth of the market.
