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Infection Control Market – Segmentation, Growth Drivers, Geographical Analysis and Major Key Players

In 2018, North America held the largest market share, followed by Europe and Asia-Pacific. However, Asia-Pacific is expected to register the fastest growth over the forecast period.

 

Northrook, IL -- (SBWIRE) -- 12/11/2019 -- Infection control and prevention methods basically aim at protecting a person from acquiring an infection from another person via microorganisms such as, virus, bacteria, fungi, etc., especially in hospitals. The market for infection control is basically categorized into sterilization and disinfection methods. Owing to the rising aging population and increase in the number of cases of chronic diseases, the market for infection control saw a healthy growth in the past few years.

What the Market Looks Like?

Predicted to grow at a CAGR of 6.6% during the forecast period, the global infection control market is estimated to reach USD 27.5 Billion by the end of 2024.

Based on products and services, the Endoscope Reprocessing products segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the growing importance of diagnostic and therapeutic endoscopy procedures, advanced technologies, reasonably stable reimbursement scenario, and concerns regarding patient-to-patient cross-infection caused due to improper endoscope reprocessing.

Based on formulation, the disinfectant sprays segment is expected to show the fastest growth during the forecast period. Disinfectant sprays—used in fogging of hospital rooms and operation theaters—are increasingly being adopted due to its ease of handling and effectiveness in serving the purpose of room and surface disinfection.

Based on type of cleaning and disinfection equipment, the UV-ray disinfectors segment is expected to grow at the highest CAGR during the forecast period. This is attributed to the increasing adoption of UV-ray disinfectors owning to its advantages such as environmental friendliness, being chemical-free, and an effective method of disinfection. UV rays have been commercially used for many years in the pharmaceutical, beverage, and cosmetic industries in Europe, and are witnessing growing acceptance in other developed and developing nations.

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What Drives the Market?

The growth of the global market for infection control is primarily influenced by the following factors:

- Rising cases of chronic diseases
- Increased number of surgeries performed across the globe
- Increased cases of infections acquired in hospitals
- Growing aging population

Moreover, growing awareness about the quality of food and an increase in the export of fruits and vegetables across countries has increased the need for sterilizing and disinfecting the food. However, strict regulations and matured markets in developed nations may slow down the growth of this market.

Geographical growth scenario of Infection Control Market

Geographically, the infection control market has been studied for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the infection control market during the forecast period. This is driven by the growing demand for healthcare services (owing to an anticipated surge in the geriatric population in the coming years and the subsequent increase in the prevalence of chronic diseases) and the need for infection control to minimize the prevalence of HAIs and the cost incurred due to HAIs. Many leading players are focusing on technological innovations and marketing collaborations to strengthen their presence and sustain their shares in the North American infection control market.

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Leading market players and strategies adopted

The prominent players in the infection control market include Getinge AB (Sweden), STERIS plc (US), Advanced Sterilization Products (US), 3M Company (US), Belimed AG (Switzerland), Cantel Medical Corporation (US), MMM Group (Germany), Matachana Group (Spain), Sotera Health LLC (US), Ecolab, Inc. (US), Metrex Research Corporation (US), Reckitt Benckiser Group Plc. (UK), Miele Group (Germany), Melag (Germany), and Pal International (UK). These companies adopted strategies like new product launches, acquisitions, collaborations, expansions, and other developments in order to achieve sustained growth and expand their global presence as well.

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