Market Industry Reports (MIR) has published a new report titled “Infection Control Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global infection control market was estimated to be over US$ 19.8billion in 2019. It is anticipated to grow at a CAGR of 6.4% from 2020 to 2030.
Incessantly rising incidence of infectious diseases worldwide is a major factor propelling the growth of the infection control market. The cases of hospital-acquired infections is increasing globally and itrequires efficient control measures to be undertaken to contain the infection spread. For instance, it has been estimated that every year, about 1 in 25 U.S. hospital patients are diagnosed with at least one infection related to hospital care.Increasing government initiatives for curbing the spread of infectious diseases, growing number of surgical procedures, rising growing geriatric population and increasing incidence of chronic diseasesare some of the other factors fueling the market growth.However, increasing risk of microbial resistance and inappropriate sanitization practices are some of the key factors that might hinder the growth of the infection control market to a certain extent.
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Infection Control Market Prominent Players:
Some of the prominent players operating in the global infection control market are 3M, STERIS plc.,MMM Group, Cantel Medical, Metrex Research, LLC., Reckitt Benckiser Group plc., Pal International, MELAG Mediz intechnik GmbH & Co. KG,Belimed and Getinge AB among others.
Companies operating in the market are focusing on developing solutions for targeting challenging situations faced worldwide. For instance, in April 2020, U.S. Food and Drug Administration has issued an Emergency Use Authorization (EUA) for STERIS plc’s respirator decontamination. It enables the healthcare providers to decontaminate N95 Respirators on-site by using STERIS V-PRO Low Temperature Sterilization Systems. The decontaminated masks can be thereafter used for maximum ten times. Similarly, companies are developing newer products for efficient infection control. For instance, in May 2019, Pal International launched Pal TX Surface Disinfectant Wipes for surface disinfectants in food environments.Pal TX wipes are free of alcohol and PHMB and are used for effective control against bacteria to EN1276 and EN13697.
Growing Factor:
Technological advancements to maintain efficient sanitization is another pivotal factor that is fueling the growth of infection control market. For instance, in April 2020, Getinge AB launched DPTE Transfer Trolley, a mobile transfer platform for moving materials into and out of a confined zone without breaking the sterility. Its ergonomic, power-assisted design enableseasy handling of heavy and fragile loads within confined spaces and assists in speeding-up manual aseptic zone processes.Increasing initiatives for promotion of better infection control is another key factordriving the market growth. For instance, in September 2018, Ecolab Inc.launched the Greater China Healthcare Innovation and Customer Experience Center in Shanghai. The innovation center will help in adoption of better cleaning and disinfection processes for improving the outcomes.
Segmentation Based On:
By Product & Services –
Cleaning & Disinfection Products,
Sterilization Products & Services
Preventive Barriers
By Indication –
Hospital Acquired Pneumonia,
Urinary Tract Infections,
Surgical Site Infections and Gastrointestinal Infections
By End User –
Hospitals & Clinics,
Pharmaceutical Companies,
Medical Device Companies and Food Industry
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Regional Analysis:
Asia Pacific is expected to witness highest CAGR in infection control market over theforecast period.Increasing incidence of Hospital Acquired Infections (HAI), rising R&D activities, extensive government initiatives and improving healthcare facilities are anticipatedto boost the growth of infection control market in this region.
Table of Contents
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Market Classification
- Geographic Scope
- Years Considered for the Study
- Historical Years – 2016 & 2017
- Base Year – 2018
- Forecasted Years – 2019 to 2030
- Currency Used for the Study
- Report Beneficiary List
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottoms Up Approach
- Top Down Approach
- Data Validation and Triangulation
- Market Forecasting Model
- Limitations of the Study
- Assumptions of the Study
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Technological Advancement
- Application Horizon Assessment
- Initiatives Assessment: Government & Private Bodies
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