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Infection Control Supplies Market: Size, Share, Revenue Trends, and Growth Analysis
Infection Control Supplies Global Market Report 2024
According to The Business Research Company's, The infection control supplies market size has grown steadily in recent years. It will grow from $44.7 billion in 2023 to $46.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to healthcare worker safety concerns, public health awareness campaigns, rise in antimicrobial products, healthcare facility hygiene standards, advancements in disinfection techniques.
The infection control supplies market size is expected to see steady growth in the next few years. It will grow to $55.63 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to integration of digital health solutions, focus on environmental sustainability, shift in consumer behavior, continued demand for ppe, evolving regulations and standards. Major trends in the forecast period include remote monitoring and contact tracing, supply chain resilience and redundancy, infection prevention education and training, antimicrobial surface solutions, demand surge for disinfectants and sanitizers.
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Market Drivers and Trends:
The growing prevalence of nosocomial infections is expected to propel the growth of the infection control supplies market going forward. Nosocomial infections refer to a type of infection that is acquired while receiving healthcare. Infection control supplies are used in healthcare settings to prevent the spread of infections. For instance, in November 2022, according to the Centers for Disease Control and Prevention's 2021 National and State Progress Report on Healthcare-Associated Infections, there was a 7% increase in central line-associated bloodstream infection (CLABSI) between 2020 and 2021 and a 5% increase in catheter-associated urinary tract infection (CAUTI) between 2020 and 2021. Therefore, the growing prevalence of nosocomial infections will drive the infection control supply market.
Technological improvements in sterilization equipment are a key trend in the infection control supplies market. Major companies operating in the infection control supplies market develop innovative products with advanced technologies to sustain their position in the market. For instance, W&H Group, an Austria-based medical technology products company, launched the Lexa Plus sterilizer and added it to their hygiene portfolio. The sterilizer uses Eco Dry plus technology to offer full infection control and protection for dentists and their patients.
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Major Key Players of the Market:
Steris Corporation; Getinge AB; 3M Company; Ecolab Inc.; Johnson & Johnson Private Limited; Cardinal Health Inc.; Medline Industries LP; Matachana Group; Kimberly-Clark Corporation; Halyard Health; Emergency Medical Products Inc.; Certol International LLC; Schülke & Mayr GmbH; CareNow Medical Private Limited; Henry Schein Inc.; Belimed AG; Sterigenics International LLC; MMM Group; Cantel Medical Corporation; Fortive Corporation; Sotera Health Company; Metrex Research LLC; Reckitt Benckiser Group plc; Pal International; Melag Medizintechnik GmbH & Co. KG; The Miele Group; Systec GmbH; Contec Inc.; Continental Equipment Company; Diversey Holdings Inc.
Infection Control Supplies Market 2024 Key Insights:
• The infection control supplies market size will grow to $55.63 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%.
• Growing Nosocomial Infections Propel Infection Control Supplies Market
• Technological Advancements Reshaping The Infection Control Supplies Market
• North America was the largest region in the infection control supplies market in 2023
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