Recent Challenges Demand Innovative Approaches to Surface Disinfections
Novan, Inc. (NOVN)
Last novan, inc. earnings: 11/12 04:23 pm
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Source: PR Newswire
NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Due to the pandemic's rapid spread earlier this year, the U.S. EPA (Environment Protection Agency) accelerated its review process of submissions by disinfectant manufacturers. The EPA also took steps to avoid supply chain challenges by making the process of obtaining inert ingredients more flexible. It even allowed for some active ingredients listed in List N – "Disinfectants for Use Against SARS-CoV-2," to be obtained without checking for the agency's approval. Overall, according to data provided by The Business Research Company, the global sterilization equipment and disinfectants market size is expected to grow from USD 7,142.3 Million in 2019 to USD 9,846.9 Million in 2023 at a compound annual growth rate (CAGR) of 8.4%. In 2020, the sterilization equipment market size was valued at USD 8,049.3 Million, driven by increased demand for sterilization equipment, disinfectants, and critical care equipment due to the pandemic. Optec International,
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