Infection Control Market Worth Over $25 Billion by 2027: Meticulous Research®
Infection Control Market by Product [Sterilization (Steam, Radiation, Sterilant, Indicators), Disinfection (Washer, UV Disinfection, Disinfectants), Endoscope Reprocessing, Protective Barriers], and End User – Global Forecast to 2027
Pune, India – January 13, 2020 /MarketersMedia/ —
Infection control is a term representing process or set of activities undertaken as preventive measures against any potential harm that can be caused by infections to patients as well as health workers. These infections can be caused due to bacteria, fungi, or virus, etc. Many of these can be life-threatening, as it worsens medical condition. HAIs are among the leading infections, that can be prevented through adoption of proper infection control policies at the point of healthcare delivery. According to National Institutes of Health, the U.S. Center for Disease Control and Prevention, nearly 1.7 million hospitalized patients annually acquire HAIs while being treated for other health issues. These also result in additional cost of hospitalization and treatment, causing unnecessary surge in overall costs of care delivery. Therefore, the growing need to effectively tackle these infections is providing significant growth opportunities for players operating in the global infection control market.
Meticulous Research® in its latest publication on infection control market states that the global infection control market is expected to grow at a CAGR of around 7% from 2019 to 2027 to exceed $25.0 billion by 2027. The growth of the infection control market is mainly attributed to the growing rising number of surgical procedures, rising prevalence of hospital-acquired infections (HAIs), growing awareness about infection control measures, and rising government initiatives and regulations to monitor infection control procedures. In addition, the improvement of healthcare infrastructure in emerging countries and greater penetration of health insurance are creating strong revenue growth opportunities in infection control market in the APAC and LATAM region.
To provide efficient analysis, Meticulous Research® has segmented this market by product and solutions (sterilization products, cleaning and disinfection products, endoscope reprocessing products, protective barriers, and software), by end user (hospitals & clinics, medical device companies, and life science industry), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Wherein, based on end user, hospitals and clinics commanded the largest share of the global infection control market in 2018. Large patient footfalls in hospitals, and increasing need among hospitals to curtail HAIs are expected to drive the growth of the infection control market among hospitals and clinics segment.
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Geographically, North America commanded the largest share of the global Infection Control market in 2018, followed by Europe, and Asia Pacific. However, Asia Pacific region is slated to register highest growth during the forecast period, primarily due to development of healthcare infrastructure in the region, rise in prevalence of HAIs, increasing awareness regarding infection control among healthcare providers and patients, and government initiatives to develop effective healthcare standards and hospital infrastructure.
Key Topics Covered In Report::
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
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4. Market Dynamics
4.1. Introduction
4.2. Drivers
4.2.1. Increasing Incidence of Hospital Acquired Infections
4.2.2. Rising Number of Surgical Procedures
4.2.3. Growing Geriatric Population and Increasing Incidence of Chronic Diseases
4.3. Restraints
4.3.1. Concerns Regarding the Safety of Reprocessed Instruments
4.4. Opportunities
4.4.1. Growing Medical Device and Pharmaceutical Industries in Emerging Economies
4.4.2. Increasing Use of E-Beam Sterilization
4.4.3. Rising Importance of Single-Use Medical Protective Barriers
4.5. Challenges
4.5.1. End-User Noncompliance with Sterilization Standards
5. Global Infection Control Market, By Product & Solution
5.1. Introduction
5.2. Sterilization Products
5.2.1. Sterilizers
5.2.1.1. Steam Sterilizers
5.2.1.2. Low-Temperature Sterilizers
5.2.1.3. Radiation Sterilization
5.2.1.4. Filtration Sterilization
5.2.2. Consumables and Accessories
5.2.2.1. Sterilization Indicators
5.2.2.1.1. Chemical Indicators
5.2.2.1.2. Biological Indicators
5.2.2.2. Sterilants
5.2.2.3. Instrument Packaging & Pouches
5.2.2.4. Other Consumables & Accessories
5.3. Cleaning and Disinfection Products
5.3.1. Equipment
5.3.1.1. Washer Disinfectors
5.3.1.2. Ultrasonic Cleaning Equipment
5.3.1.3. UV Disinfection Systems
5.3.1.4. Other Cleaning and Disinfection Equipment
5.3.2. Consumables & Accessories
5.3.2.1. Disinfectants Market, By Type
5.3.2.1.1. Hand Disinfectants
5.3.2.1.2. Surface Disinfectants
5.3.2.1.3. Skin Disinfectants
5.3.2.1.4. Instrument Disinfectants
5.3.2.2. Disinfectants Market, By Formulation
5.3.2.2.1. Liquid Disinfectors
5.3.2.2.2. Disinfectant Wipes
5.3.2.2.3. Disinfectant Sprays
5.3.2.3. Lubricants & Cleaning Solutions
5.3.2.4. Other Consumables & Accessories
5.4. Endoscope Reprocessing Products
5.4.1. Equipment
5.4.1.1. Automated Endoscope Reprocessors
5.4.1.2. Endoscope Drying, Transport, & Storage Systems
5.4.1.3. Endoscope Tracking Systems
5.4.2. Consumables and Accessories
5.5. Protective Barriers
5.5.1. Gowns & Drapes
5.5.2. Face Masks
5.5.3. Covers and Closures
5.5.4. Goggles
5.6. Software
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Key Players::
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including STERIS plc. (U.S.), Cantel Medical Corp. (U.S.), Getinge AB (Sweden), Ecolab (U.S.), 3M (U.S.), Advanced Sterilization Products (U.S.), Sotera Health LLC (U.S.), MMM Group (Germany), MATACHANA group (Spain), and Belimed (Switzerland).
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Key questions answered in the report-
Endoscope reprocessing accounted for the largest share of the overall infection control market
What factors are contributing to the huge demand of endoscope reprocessing across the region?
How does the adoption of endoscope reprocessing differ from other products?
Hospitals & clinics accounted for the largest share of the infection control market
What factors contribute to the infrequent usage of overall infection control product & services in hospitals & clinics?
Which geographic segment is expected to experience the fastest growth in the usage of infection control products & services in hospital & clinics?
How does the penetration of infection control solutions among hospitals & clinics differ from other end users such as medical device companies and life science customers?
The infection control market favors both the global players and local manufacturers that compete in multiple segments
Who are the top competitors in this market and what strategies do they employ to gain shares?
What factors are driving market growth and which market segments have the most potential for revenue expansion over the forecast period?
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