Infection Control Market Insights, Competitive Analysis, Latest Trends, And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Infection Control Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Infection Control Market 2024 Key Insights:

• The infection control market will grow to $164.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Rising Incidence Of Hospital-Acquired Infections Fuels Growth In The Infection Control Market
• Technological Advancements In The Infection Control Market
• North America was the largest region in the infection control market in 2023

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