In 2023, the infection prevention market is expected to be worth US$ 40.8 billion. The market is estimated to increase at a CAGR of 4% between 2023 and 2033, reaching a valuation of US$ 60.6 billion by that time.
Over the past few years, the number of surgical procedures has increased significantly. This is explained by the rise in the number of elderly people and the rise in ischemic heart disease. Additionally, more and more people are starting to undergo liposuction and hair transplant surgeries as a result of technological advancements. During the projected period, these factors are anticipated to significantly increase demand for infection prevention products.
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The covid-19 pandemic led to a mammoth growth in the sales of infection prevention kits. Social distancing norms and the urgency to maintain hygienic surrounding suddenly became the most important norms. Not only the healthcare sector, but there was a great demand for these products in every sector.
Furthermore, various government initiatives that entirely focus on hygiene are also one of the main drivers of this market. The CDC had already spent millions of dollars to lay emphasis on cleanliness. The market is also driven by rising consumer awareness regarding the importance of cleanliness.
As per WHO, rising incidences of stroke and pulmonary disease is expected to have a massive impact on the market. There are a lot of patients who get admitted to the hospital owing to these health concerns. Hospitals and various other healthcare facilities ensure that hygiene is maintained while performing operation. This might massively increase the adoption of infection prevention products during the forecast period.
However, the market is driven by concerns pertaining to supply chain disruption and fluctuating prices of raw materials.
Thus, from the insights delivered by FMI analysts, it can be inferred that, ‘increase in the number of surgical procedures, growing government initiatives, increasing awareness regarding the maintenance of hygiene and many other factors are expected to surge the market growth during the forecast period.’
Key Takeaways:
- The infection prevention market is expected to grow at a CAGR of 4% during the forecast period.
- In 2023, the market is valued at US$ 40.8 billion.
- By 2033, the market is expected to reach a valuation of US$ 60.6 billion.
- Based on the regional analysis, North America is expected to be the largest market.
- The USA infection prevention market is projected to advance at a CAGR of 3%.
- UK market is expected to surge at a CAGR of 3.5%.
- China market is anticipated to grow at a CAGR of 5%.
- Japan market is projected to surge at a CAGR of 3.7%.
- South Korea market is expected to advance at a CAGR of 4.6%.
- Based on the product type, the consumables segment is expected to hold the largest market share, and is anticipated to grow at a CAGR of 4.2%.
- Based on end user, the hospitals and clinics segment is expected to hold the highest market share, and is projected to grow at a CAGR of 4.9%.
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Competitive Landscape:
The key players operating in the infection prevention market are laying a lot of emphasis on mergers and acquisitions. They prefer to acquire local players as they would be having better awareness regarding the market and the customer mindset. Apart from that, there are also investments being made in establishing strategic partnership. Most importantly, the technological upgradations in the healthcare sector is assisting the manufacturers come up with top quality products.
In May 2022, Sterigenics, which is a business unit of Sotera Health announced an increased electron beam sterilisation capacity. This was done in a bid to support healthcare industry needs.
Top Key Players:
- Cantel Medical
- Getinge AB
- STERIS
- Advanced Sterilization Products
- Sotera Health
- 3M
- Ecolab
- Halyard Worldwide, Inc.
- Matachana Group
- Belimed, Inc.
- Pal International
- Reckitt Benckiser Group PLC.
- Metrex Research, LLC.
- Terumo Corporation
- Ahlstrom Munksjo
- Ansell Ltd.
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Infection Prevention Market Segmentation:
By Product Type:
- Sterilization Equipment (Low-Temperature Equipment, Heat Sterilization Equipment, Radiation Sterilization Equipment, Liquid Sterilization Equipment),
- Disinfectors (Washer Disinfectors, Endoscope Repressors, Flusher Disinfectors, Surface Disinfectants, Hand Sanitizers),
- Consumables (Sterilization Supplies, Protective Apparel & Textiles, Infectious Waste Disposal)
By End User:
- Hospitals & Clinics,
- Pharmaceutical Companies,
- Clinical Laboratories,
- Medical Device Companies,
- Life Science Industry,
- Academic and Research Centers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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