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Infection Prevention Global Market 2024 - Latest Research, Industry Insights, Emerging Opportunities And Future Outlook By 2033
Infection Prevention Global Market
According to The Business Research Company's, 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.
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Market Drivers and Trends:
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.
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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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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
Infection Prevention Market 2024 Key Insights:
• The infection prevention market is expected to grow to $50.21 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%.
• Growing Hospital-Acquired Infection Rates Boost Demand For Infection Prevention Solutions
• Strategic Staffing Innovations In Infection Control
• North America was the largest region in the infection prevention market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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