Hospital Air Purifiers Market to Reach $14.79 Billion by the End of 2030
Global Hospital Air Purifiers Market report highlights diverse segments of the market analysis that today’s business ask for. According to this industry analysis report, HELATH industry is expected to witness growth during the forecast period due to growing demand at the end user level. The use of well-established tools such as SWOT analysis and Porter’s Five Forces analysis are very useful in creating such superior market report. Being a third-party report, this report is more unbiased and hence provides a better picture of what is really happening in the market. Easy to understand research method and employment of excellent tools and techniques make Global Hospital Air Purifiers Market research report exceptional.
Data Bridge Market Research analyses that the hospital air purifiers market which was USD 7.7 billion in 2022, is expected to reach USD 14.79 billion by 2030, at a CAGR of 8.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
The market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are kept into focus while producing the comprehensive Global Hospital Air Purifiers Market report. The report is divided into numerous characters which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors.
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The market is expected to be driven by rising airborne diseases and increased pollution levels in urban areas. Furthermore, rising health consciousness, along with an improving standard of living and rising disposable income, is expected to drive market growth. Increased sales of home appliances such as air purifiers, cleaning appliances, kitchen appliances, and water filtration devices have resulted from various governments’ lockdown measures in preparation for the onset of the COVID-19 pandemic in 2020. Increasing health consciousness has boosted sales of air purifiers all over the world.
Market Definition
An air purifier is used to reduce the presence of Total Volatile Organic Compounds (TVOCs), particulate matter (2.5-10 m), smoke, dust, harmful chemicals, gases, and other pollutants in the air. These purifiers are based on various filtration technologies to meet the diverse needs of consumers, the most common being the High-efficiency Particulate Air (HEPA) technology with a trapping capacity of at least 99.97%. As a result, air purifiers are becoming increasingly popular in homes, corporate and government offices, retail stores, public spaces, and other industrial infrastructures.
Drivers
- Deteriorating air quality and increasing prevalence of airborne disease
The increasing level of air pollution caused by rapid industrialization and urbanization is a key factor driving the global air purifier market. According to the World Health Organization, air pollution kills 2.4 million people each year. Furthermore, air pollution is the leading cause of death in low- and middle-income countries. The demand for efficient air purifiers in residential and commercial spaces is expected to drive market growth during the forecast period due to the polluted air which can cause serious health effects such as lung cancer, asthma, and COPD, as well as increased cardiac risk.
- Launch of smart air purifiers
Air purifier manufacturers are incorporating advanced technologies such as artificial intelligence (AI), Internet of Things (IoT), and others into air purifiers to gain a competitive advantage with high growth potential and increasing competition. Acer introduced smart air purifiers with sensors that monitor air quality and automatically adjust the air purifier’s speed in December 2021. Similarly, SHARP-QNET Smart Air will release its next-generation air purifier in March 2021. This newly released air purifier has IoT functionality that allows it to be connected to WiFi and accessed remotely via smartphones via the ‘SHARP Air’ mobile app. Such developments present the global hospital air purifiers market with lucrative growth opportunities.
Opportunities
- Rising health consciousness
The rise in health consciousness is helping to drive the growth of the hospital air purifiers market. Pathogens and infectious diseases have become more prevalent. This has resulted in a greater awareness of the importance of maintaining hygiene in healthcare and residential settings, which is driving the market for hospital air purifiers. This awareness has grown rapidly in recent years. In 2020, 35% of Indians changed their diet, and 34% began participating in yoga and fitness classes. As a result, rising health consciousness is propelling the hospital air purifiers market.
Recent Developments
- In November 2021, Bemis, a toilet seat manufacturer based in the United States, launched their first indoor air purifiers, consisting of three models: the Tower, The Pedestal, and The Pod.
- In November 2021, The Pyure Company, a US-based air purification company, announced the launch of a new line of advanced portable air purification products designed explicitly for the janitorial and sanitation industry.
Some of the major players operating in the hospital air purifiers market are:
- Honeywell International Inc. (U.S.)
- Xiaomi (China)
- LG Electronics (South Korea)
- Unilever (U.K.)
- COWAY CO.LTD (South Korea)
- Koninklijke Philips N.V. (Netherlands)
- Sunbeam Products, Inc. (U.S.)
- Sharp Electronics Corporation (Japan)
- Alen Corporation (U.S.)
- Whirlpool of India (India)
- AustinAir (U.S.)
- Camfil (Sweden)
- Daikin Airconditioning India Pvt. Ltd. (India)
- Eureka Forbes (India)
- IQAir (Switzerland)
- Rabbit Air (U.S.)
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Hospital Air Purifiers Market Scope
Coverage
- <324 Sq. Ft.
- 324-538 Sq. Ft.
- 539-753 Sq. Ft.
- >753 sq. Ft.
Product Type
- Portable Air Purifiers
- Whole-House Air Purifiers
- Cleaners
- Electrostatic Precipitators
- Smart Air Purifier
- Others
Technology
- Photo Plasma
- High Efficiency Particulate Air (HEPA)
- Ultraviolet Germicidal Irradiation
- Thermodynamic Sterilization (TSS)
- Polarized-Media Electronic
- Activated Carbon
- UV Technology
- Negative Ion
- Ionizer Purifiers
- Photocatalytic Oxidation (PCO)
- Titanium Dioxide
- Ozone Generators
- Others
Type
- Dust Collectors
- Fume and Smoke Collectors
- Others
Sales Channel
- OEM
- Aftermarket
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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