Press release
Infection Control Market to Hit $164.6 Billion by 2028 with a 6.9% CAGR, Driven by Advances in Sterilization and Hand Hygiene
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Infection Control Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $164.6 billion In 2028 At A CAGR Of 6.9%:
The infection control market size has grown strongly in recent years. It will grow from $119.1 billion in 2023 to $126.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to healthcare-associated infections (hais), stringent regulatory standards, rising awareness of infectious diseases, globalization and travel, increased healthcare expenditure.
The infection control market size is expected to see strong growth in the next few years. It will grow to $164.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to pandemic preparedness, growing healthcare infrastructure, rising antimicrobial resistance, evolving regulatory landscape, public health initiatives. Major trends in the forecast period include technological integration in healthcare, technological innovations in infection control products, technological advancements in disinfection, increased emphasis on hand hygiene, rapid sterilization techniques.
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Infection Control Market Major Segments
The infection control market covered in this report is segmented -
1) By Type:Disinfectors, Sterilization, Equipment, Consumables And Accessories, Services
2) By Distribution Channel: Direct Tender, Retail Sales, Third Party Distributors
3) By Application: Surgical Instruments, Endoscopes, Ultrasound Probes, Other Applications
4) By End User: Hospitals And Clinics, Medical Device Companies, Pharmaceutical Companies, Life Science Industry, Food Industry, Other End Users
Key Driver - Rising Incidence Of Hospital-Acquired Infections Fuels Growth In The Infection Control Market
The increasing incidence of hospital-acquired infections is expected to propel the growth of the infection control market. Healthcare-associated infections, also known as hospital-acquired infections, refer to one that is contracted while a patient is there or in another healthcare facility. These infections include bloodstream infections linked to central-line catheter-associated urinary tract infections. Infection control prevents hospital-acquired infections from one-to-one transmission of communicable diseases through high-level services, hygiene and sterilization services, so the ease factor boosts the infection control market. For instance, in May 2022, according to the reports by the World Health Organization, a Switzerland-based health agency, more than 24% of patients worldwide were affected by healthcare-associated infections in 2022. Furthermore, according to the Centers for Disease Control and Prevention (CDC), a US-based government agency, in the US, there were estimates that hospital-acquired infections accounted for an estimated 1.7 million infections and 99,000 associated deaths each year, and additionally, 32% of all healthcare-acquired infections in the US by 2022. These numbers are expected to rise in the future. Therefore, the increasing incidence of hospital-acquired infections drives the infection control market.
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Prominent Trend - Technological Advancements In The Infection Control Market
Major companies operating in the infection control market are developing advanced technologies such as digital infection prevention systems to meet larger customer bases, more sales, and increase revenue. A digital infection prevention system refers to a technologically driven solution designed to monitor, analyze, and manage infection prevention measures within various settings, such as healthcare facilities. For instance, in June 2021, Nanosonics, an Australia-based infection prevention company, launched AuditPro. AuditPro stands out as a specialized tool tailored for infection preventionists and quality managers, aiming to enhance and standardize compliance with infection control measures. Its unique feature lies in its ability to effectively manage healthcare-associated infection risks associated with a diverse array of medical instruments.
Infection Control Market Players
Major companies operating in the infection control market report are Belimed AG, 3M Company, Ecolab Inc., Advanced Sterilization Products Services Inc., Getinge AB, Matachana Group, Miele Group, Sotera Health Inc., Steris plc., Reckitt Benckiser Group plc., Pal International, Metrex Research LLC, Stryker Corporation, B. Braun Melsungen AG, Olympus Corporation, Fortive Corporation, Cantel Medical Corporation, MELAG Medizintechnik GmbH & Co. KG, The HUBSCRUB Company, Daniels Corporation International Pty. Ltd., TMG Health Technologies, 4M Building Solutions, Infection Control Consulting Services, Becton Dickinson and Company, Infection Control Results, Sterigenics International LLC, Bioquell Inc., Sterilmed Inc., Conmed Corporation, Johnson & Johnson
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Largest And Fastest Growing Region In The Market
North America was the largest region in the infection control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global infection control market report during the forecast period. The regions covered in the infection control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Infection Control Market Report Structure
3. Infection Control Market Trends And Strategies
4. Infection Control Market - Macro Economic Scenario
5. Infection Control Market Size And Growth
…..
27. Infection Control Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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