Infection Prevention Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Cardinal Health Inc., 3M Company, Stryker Corporation, Reckitt Benckiser Group plc, Ecolab Inc.

"The infection prevention market size has grown steadily in recent years. It will grow from $41.64 billion in 2023 to $43.40 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to increasing awareness of healthcare-associated infections (HAIS), stringent regulatory guidelines, advancements in technology, globalization and international travel, and rising healthcare expenditure.

The infection prevention market size is expected to see steady growth in the next few years. It will grow to $50.21 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to emerging infectious diseases, technological innovations, global population growth, and rise in ambulatory care services. Major trends in the forecast period include telemedicine and digital health solutions, personalized infection prevention, increased use of artificial intelligence (ai), rapid diagnostics, and focus on behavioral interventions.

Market Overview -
Infection prevention refers to measures and practices to minimize the risk and spread of infectious diseases. These practices include hygiene measures such as hand washing, vaccination, and protective equipment. They are crucial in healthcare settings, public spaces, and personal care to protect individual and public health.

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Growing Hospital-Acquired Infection Rates Boost Demand For Infection Prevention Solutions
The increase in the incidence of hospital-acquired infections is expected to fuel the growth of the infection prevention market going forward. Hospital-acquired infections refer to infections that patients acquire while receiving healthcare treatment in a hospital or other healthcare facility. Infection prevention strategies address hospital-acquired infections (HAIs) by implementing a range of measures designed to minimize the risk of infections and enhance patient safety. For instance, in December 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, during 2021-22, hospitals reported 1,546 Staphylococcus aureus bloodstream infection (SABSI) cases, equating to a rate of 0.73 cases per 10,000 patient days. Further, MSSA infections were slightly higher at 0.62 per 10,000 patient days, compared to 0.61 in 2020-21. Therefore, the increase in the incidence of hospital-acquired infections is driving the growth of the infection prevention market.

Competitive Landscape -
Major companies operating in the infection prevention market report are Cardinal Health Inc., 3M Company, Stryker Corporation, Reckitt Benckiser Group plc, Ecolab Inc., B. Braun Melsungen AG, The Clorox Company, Olympus Corporation, Fortive Corporation, Steris PLC, Genitge AB, Sotera Health Inc., Belimed AG, Coltene Group, Steelco S.p.A., Skytron LLC, Melag Medizintechnik GmbH & Co. KG, Metrex Research, Pal International, Cisa Production S.r.l. Unipersonale , Covalon Technologies Ltd., Biosafe Systems LLC, Terragene SA, Micro-Scientific LLC , Matachana SA

Strategic Staffing Innovations In Infection Control
Major companies operating in the infection prevention market are developing innovative products, such as infection preventionist staffing calculators, to provide reliable services to customers. An infection preventionist staffing calculator is a tool used to estimate the appropriate number of infection preventionists needed in a healthcare facility based on variables such as the number of beds, patient acuity, and facility type. For instance, in December 2023, the Association for Professionals in Infection Control and Epidemiology (APIC), a US-based organization dedicated to advancing infection prevention and control practices, launched an infection preventionist staffing calculator. This tool assists healthcare facilities like hospitals and clinics in calculating the necessary number of infection preventionists (IPs), enhancing patient safety through optimal staffing. Data from these facilities will be used to refine this tool, ensuring precise staffing guidance.

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Key Segments -
The infection prevention market covered in this report is segmented -
1) By Product: Sterilization Equipment, Disinfectors, Consumables
2) By Infection Type: Microbial Infections, Healthcare Associated Infections
3) By End User: Hospitals And Clinics, Pharmaceutical Companies, Clinical Laboratories, Medical Device Companies, Life Science Industry, Academic And Research Center

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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