How Will The Hospital-Acquired Infection Control Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s hospital-acquired infection control market report forecasts the hospital-acquired infection control market size to grow to $36.88 Billion by 2027, with a CAGR (compound annual growth rate) of more than 3%.
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Hospital-Acquired Infection Control Market Size Forecast
The global hospital-acquired infection control market is expected to grow from $31.02 billion in 2022 to $32.09 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hospital-acquired infection control market size is expected to grow to $36.88 billion in 2027 at a CAGR of 3.5%.
North America held the largest hospital-acquired infection control market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Hospital-Acquired Infection Control Market Driver – Increase In COVID-19 Cases
For instance, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, as of 8th August 2022, the global COVID-19 cases reached 581.6 million. Therefore, the surge in COVID-19 cases is driving the growth of the hospital-acquired infection control market.
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Key Hospital-Acquired Infection Control Market Trend – Technological Advancement
Major companies operating in the hospital-acquired infection control market are focused on developing new technological solutions to lead the market. For instance, in November 2021, the scientists of University of Pittsburgh School of Medicine and Carnegie Mellon University, used machine learning technology with whole genome sequencing to rapidly detect infectious disease outbreaks in a hospital. Significant outbreaks that might otherwise escape routine infection prevention monitoring are discovered by this method.
Hospital-Acquired Infection Control Market Segment
1) By Product: Sterilizers, Disinfectors, Endoscope Reprocessors, Microbial Testing Instruments, Consumables, Disinfectants, Infection Prevention And Surveillance Software, Other Products
2) By Technology: Phenotypic Methods, Genotypic Methods
3) By Diseases: Hospital Acquired Pneumonia, Bloodstream Infections, Surgical Site Infections, Gastrointestinal Infections, Urinary Tract Infection, Other Diseases
4) By Application: Disease Testing, Drug-Resistance Testing
5) By End User: Hospitals, ICUs, Ambulatory Surgical, Diagnostic Centers, Nursing Homes, Maternity Centers, Other End Users
Hospital-Acquired Infection Control Market Major Players and Strategies
Major players in the hospital-acquired infection control market are Belimed AG, Advanced Sterilization Products Services Inc., 3M Company, Getinge AB, Olympus Corporation, Ecolab Inc., Steris Healthcare PVT Ltd., MMM Group, Contec Inc., Steelco S.P.A., Miele Group, Sotera Health LLC, Matachana Group, and Reckitt Benckiser Group plc.
In June 2021, Steris Corporation, a US-based medical equipment company specializing in sterilization and surgical products acquired Cantel Medical for an undisclosed amount. This acquisition would help Steris to extend product and service offerings as well as global reach. Cantel Medical is a US-based manufacturer of infection prevention products.
The Hospital-Acquired Infection Control Global Market Report 2023 covers regional data on hospital-acquired infection control market size, hospital-acquired infection control market trends and drivers, opportunities, strategies, and hospital-acquired infection control market competitor analysis. The countries covered in the hospital-acquired infection control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Hospital-acquired infections are acquired during hospital care that is not present before hospital admission. The prevention and control of hospital-acquired infection using various cleaning, sterilization, and disinfection methods refers to hospital-acquired infection control. These infections can be caused by the cross-infection from the surfaces of equipment, the skin of patients, and healthcare staff. Hospital-acquired infection control is used to reduce or eliminate the transmission of illnesses.
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