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UV Infection Control Devices Market Latest Trends, Competitive Landscape, Segments, Key Regions Overview by 2026

03-22-2022 12:34 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
UV Infection Control

UV Infection Control

Rise in government focus on infection control programs, increase in the prevalence of hospital-acquired infections, and rise in adoption of technology advanced UV equipment fuel the growth of the global UV infection control market. On the other hand, high cost of UV infection control devices and stringent government regulation restrain the growth to some extent. However, high growth prospects in emerging markets is expected to create lucrative opportunities in the near future.

According to the report published by Allied Market Research, theglobal UV infection control devices market size was valued at $317.42 million in 2018, and is projected to reach $524.84 million by 2026, registering a CAGR of 6.5% from 2019 to 2026. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Focus of governments on infection control programs, surge in prevalence of hospital acquired infections (HAI), and increase in adoption of technologically advanced UV equipment drive the growth of the global UV infection control devices market. However, high costs and strict government regulations hinder the market growth. On the other hand, untapped potential in emerging countries create new opportunities in coming years.

Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, "The demand for UV infection control devices is on a rise, owing to increase in government focus on infection control programs and surge in prevalence of hospital acquired infections (HAI)."

North America to retain its dominance in terms of revenue-

Based on geography, North America accounted for more than two-fifths of the global UV infection control market revenue in 2026, and is projected to maintain the lion's share from 2019 to 2026. The region is anticipated to maintain its dominance throughout the forecast period. This is attributed to the rise in the number of cases of HAIs and presence of key players lead to easy availability of these devices in this region. On the other hand, the region across Asia-Pacific is expected to manifest the fastest CAGR of 8.1% from 2020 to 2027. This is due to the improvements in health standards, surge in disposable incomes, and advancements in technology for the development of new UV infection control devices in this region.

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Frontrunners in the industry-

CVS Health Corporation
DocMorris
Express Scripts Holding Company
Giant Eagle Inc.
Optum Rx Inc.
Rowlands Pharmacy
The Kroger Co.
Walgreen Co.
Walmart Stores Inc.
Apollo Pharmacy.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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