Infection Control Market Growth, Trends, Key Players Forecast 2022-28

According to Precision Business Insights (PBI), the latest report, the Infection Control market is expected to be valued at USD 34,534.8 million in 2022 and is poised to grow at a significant CAGR of 3.4% over 2022-2028 number of surgical procedures which require high-intensity infection prevention, rising patient population and increasing geriatric population.

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Hospitals Segment to Dominate the Infection Control Market:
On the basis of end user, the hospital's segment dominated the market for infection control and registered for the maximum revenue share in past years and is expected to have the fastest CAGR during the forecast period owing to the high probability of acquiring infections in hospital premises over respiratory or bloodborne pathogen transmission. HAIs are one of the major tasks and thus require strict control. This has recommended hospitals and public health organizations implement highly efficient control systems. Also, according to the research published in NCBI, 40% to 60% of hospital infections were predictable to be of surgical sites.

North America Infection Control Market:
North America dominated the global infection control market and registered for the largest revenue share in the past few years, and is expected to lead the market over the forecasted period owing to, a large number of strategic collaborations approved by prominent market players to expand their product portfolio and infection control capabilities. Furthermore, increasing efforts by the recognized companies to widen their presence across this region is responsible for a significant share of the global market of infection control. For instance, In January 2017, Advanced Sterilization Products launched the STERRAD 100NX System with ALL Clear in the U.S. and is scheduled to expand its footprint into regions such as Europe, Africa, and the Middle East. Asia Pacific is also anticipated to exhibit the fastest CAGR during the forecast period owing to the increasing presence of outsourcing organizations, growing healthcare expenditure, and unparalleled evolution of healthcare standards and infrastructure.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Infection Control market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The infection control market is segmented based on product type, end user, and geography.
Based on the product type, the market is segmented into the following:
• Sterilization
• Disinfectors
• Consumables

Based on the end user, the market is segmented into the following:
• Hospitals
• Medical Device Companies
• Clinical Laboratories
• Pharmaceutical Laboratories
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the Infection Control Market report are Getinge AB (Sweden), STERIS plc. (US), Advanced Sterilization Products (US), 3M Company (US), Belimed AG (Switzerland), Cantel Medical Corporation (US), MMM Group (Germany), MATACHANA GROUP (Spain), Sotera Health LLC (US), Ecolab, Inc. (US), Metrex Research Corporation (US), Reckitt Benckiser Group Plc. (UK), Miele Group (Germany), Melag (Germany), and Pal International (UK)

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This release was published on openPR.