USD 201.4 billion
Report ID:
SQMIG35A2623 |
Region:
Global |
Published Date: September, 2024
Pages:
165
|Tables:
65
|Figures:
75
Global Infection Control Market size was valued at USD 45.31 billion in 2022 and is poised to grow from USD 48.17 billion in 2023 to USD 78.52 billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).
The major factors driving the market are surgical and therapeutic procedures that greatly require infection control. High preference is assumed as it is believed that infection management achieves successful clinical outcomes. Growing demand for sterilization and disinfection in healthcare facilities, pharmaceutical firms, and medical device manufacturers due to the COVID-19 pandemic positively impacts the growth of the market. According to CNBC, the epidemic witnessed sanitizer product production go up by 60% in the US alone. This is one instance of how product developments may occur for infection control in the years to come. The infection control market is growing with new technologies in sterilizing and an increase in the outsourcing of sterilization services. The rising number of government initiatives toward ensuring extremely high infection prevention is one of the key development factors. Government agencies' global release of recommendations to promote awareness and effective preventive activities is expected to propel market growth over the specified period of the forecast. For instance, in the medical aspect, the World Health Organization has a set of guidelines that help prevent and manage acute respiratory disorders that may be vulnerable to pandemics and epidemics. For instance, from general matters such as handwashing often and wearing personal protection equipment, the recommendations run as far as standards for sterilization and disinfection.
US Infection Control Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 201.4 billion
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
6.7% CAGR
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Global Infection Control Market is segmented on the basis of product & service, end user, and region. By product & service, market is segmented into Sterilization Products & Services, Contract Sterilization Services, Consumables & Accessories, Cleaning & Disinfection Products, Protective Barriers, and Endoscope Reprocessing Products. By end user, market is segmented into Hospitals & Clinics, Medical Device Companies, Pharmaceutical Companies, Life Science Industry, Food Industry, and Other End Users. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Infection Control Market Analysis by Product & Service
The sterilization products & services segment dominated the infection control market. It plays a significant role in preserving cleanliness and avoiding infections in varied health care settings. Other goods which encompass such as autoclaves, disinfectants, and sterilization indicators are among the many goods in this category that are very necessary for assuring the security of both medical equipment and surroundings. This, in turn, has increased the need for more effective sterilization solutions to keep control of infections in clinics and hospitals. Strict regulations surrounding sterilization procedures thus encourage the expansion of this market and establish it as an important component of infection control plans from healthcare organizations.
On the contrary, the contract sterilization segment is growing the most rapidly. This is attributed to increasing outsourcing tendencies in the healthcare and pharmaceutical industries. Sterilization services are becoming more advanced while businesses look to decrease costs and increase productivity. The advantages of ethylene oxide and gamma radiation, two sterilization technologies that ensure effective and legal sterilizing methods, to this industry include the use of both. The growth of the medical device market and the need for better sterilization in the pharmaceutical industry are driving this market. As a result, contract sterilization services are beginning to take center stage in overarching infection prevention practices.
Infection Control Market Analysis by End User
Apart from the highest share in revenue of about 40% in 2022 and dominating the market for infection control, it is estimated that hospitals will lead the highest growth rate of 7.4% CAGR from 2024 to 2031. The major portion is mainly due to increased chances of acquiring respiratory or blood-borne infections while on hospital premises. Since hospital-acquired illnesses form one of the major challenges the industry faces, proper management is required. Hospitals and public health agencies have been forced to adopt highly effective control systems. This is because it was estimated that 40% to 60% of infections within hospitals occurred at surgical sites, based on studies published on NCBI. Medical Device Companies during the forecasted period is likely to increase significantly with several significant factors.
The medical device companies segment is expected to grow at the fastest rate. Technological advancements and increasing R&D expenditure are now making it feasible to create new medical devices that can enhance patient results and therapy. These factors are further supported by the growing elderly population and the increasing incidence of chronic diseases, which boost the demand for advanced medical equipment, such as monitoring devices, surgical instruments, and diagnostics devices. This trend is further supported by the regulatory efforts and initiatives taken to expedite the regulatory clearance process of new products. Medical device companies are well-positioned to take advantage of these developments and adapt to changing healthcare needs as healthcare systems globally increasingly focus on patient safety and efficiency, these changes bring in changes of era.
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North America led global infection control market by leveraging over 30% in revenue. Through the various strategic partnerships, the major players in the industry have forged to expand their product lines and expand their infection control capabilities, it has achieved this significant market share. Furthermore, the resulting leading portion taken by North America is mainly due to the increased attempts of the established corporations throughout this area for expansion. For instance, Advanced Sterilization Products introduced the STERRAD 100NX System with ALLClear to the US and is now looking to further penetrate into Europe, Africa, and the Middle East.
Asia Pacific is expected to grow at the highest CAGR of 8.3% through the projection period due to unprecedented changes in the region's healthcare standards and infrastructure, increasing expenditure on healthcare, and the growth in the number of companies outsourcing. Since infection control is the biggest factor in the development of the Asia Pacific region, government organizations are focusing more on achieving high on this aspect. The escalating practice of outsourcing by established market participants in mature economies to Asian Pacific region companies makes it the largest impetus for market expansion.
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Infection Control Market Driver
Increasing Rate of Healthcare-Associated Infections
Standards and Compliance
Restraints
High Costs of Infection Control Products
Lack of Knowledge and Training
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Giant companies such as Advanced Sterilization Products, STERUS Corporation, and Cantel Medical Corporation, which command most market share, use collaboration techniques by rivalry. Their focus was on competitive techniques such as mergers & acquisitions, new product development programs, and regional expansion. For instance, 3M recently introduced a four-hour rapid readout biological indicator for steam sterilization loads. It is designed to give results within four hours but is intended primarily for vaporized hydrogen peroxide sterilization. It was introduced to further expand the company's product line.
Infection Control Market Top Players Company Profiles
Infection Control Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, it would be safe to expect infection control to grow at an aggressive rate, mainly because of increased awareness of diseases associated with healthcare, increased regulation, and technological advancement. There would be growing demand for high-class infection control technologies, including advanced disinfectants and automated sterilization systems, as health care institutions put greater emphasis on patient safety and compliance. However, problems such as high costs and low awareness need to be optimized. Movement in the market into environmental sustainability and into digital integration is compelling the future of the market. Innovations in education among people can widely improve infection prevention as stakeholders emphasize innovation and education which will eventually meet to improve patient care for people all around the globe.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 45.31 billion |
Market size value in 2031 | USD 78.52 billion |
Growth Rate | 6.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Infection Control Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Infection Control Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infection Control Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Infection Control Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2623
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