The global portable UV sanitizing boxes market size is anticipated to reach USD 305.6 million by 2027, expanding at a CAGR of 15.4%, according to a new report by Grand View Research, Inc. Increasing rate of infectious diseases in hospitals, low power consumption, and ease of portability for cleaning small objects in home and commercial space is driving the market. Growing awareness among consumers regarding cleaning of smartphone, wallets, keychains, and watches to prevent transmission of disease is acting as a major driver for the growth of the market.
As per Google Trends, search for UV phone sanitizers have hit breakout thresholds on Google, growing by more than 5,000% in the first quarter of 2020 owing to the recent outbreak of COVID-19. Moreover, PhoneSoap LLC had witnessed a growth in revenue by 20 times compared to revenue generated in 2019 for March. Traffic on the company’s website has increased by 3,000%, resulting in most of the UV based product of the company to be out of stock. These aforementioned factors are estimated to boost the demand over the forecasted period.
As per research conducted by tech care company Asurion in 2019, Americans check their phone 96 times a day around once in every 10 minutes. There is rise in 20.0% in daily check compared to usage in 2017. As per report published by GERMS, a median of 17,032 bacterial 16S rRNA genes were found per phone of high school student. Moreover, as per scientist at the University of Arizona found that cell phones carry 10 times more bacteria than most toilet seats. These factors are estimated to boost the demand for portable UV sanitizing boxes among consumers.
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North America dominated the market with a revenue-based market share of 40.5% in 2019.Demand in the region is high as consumers in the region are more aware and are willing to spend on innovative and value-added products. Higher expenditure power of the healthcare segment is increasingly adopting product to reduce the number of hospital-acquired infections.
Portable UV Sanitizing Boxes Market Report Highlights
· The residential segment is expected to reach USD 198.7 million by 2027, expanding at a CAGR of 15.8% from 2020 to 2027
· Online distribution channel was valued at USD 29.8 million in 2019 and is expected to reach USD 100.4 million by 2027
· Asia Pacific is expected to witness substantial growth over the forecast period with a revenue based CAGR of 16.8% from 2020 to 2027.
Portable UV Sanitizing Boxes Market Segmentation
Grand View Research has segmented the global portable UV sanitizing boxes market by application, distribution channel, and region:
Portable UV Sanitizing Boxes Application Outlook (Revenue, USD Million, 2016 - 2027)
· Residential
· Commercial
Portable UV Sanitizing Boxes Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
· Online
· Offline