Global Infection Control Market Opportunities And Strategies 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 infection control market report forecasts the infection control market size to grow to $15.01 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.
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Infection Control Market Size Forecast
The global infection control market is expected to grow from $112.71 billion in 2022 to $119.10 billion in 2023 at a compound annual growth rate (CAGR) of 5.67%. 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 global infection control market size is expected to reach $15.01 billion in 2027 at a CAGR of 6.46%.
North America held the largest infection control market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Infection Control Market Driver – Increase In The Incidence Of Hospital-Acquired Infections
For example, according to World Health Organisation, a Swiss-based health agency, more than 24% of patients worldwide were impacted by healthcare-associated illnesses in May 2022. Furthermore, according to the Centres for Disease Control and Prevention (CDC), a US-based government agency, hospital-acquired infections account for an estimated 1.7 million infections and 99,000 associated deaths each year in the US, and are expected to account for 32% of all healthcare-acquired infections in the US by 2022. These figures are projected to climb in the coming years. As a result, the rising prevalence of hospital-acquired illnesses propels the infection control industry.
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Key Infection Control Market Trend – Product Innovation
To maintain their market position, major businesses in the infection control market are developing new products and medications. Esco Micro Private Limited., a Singapore-based infection control device firm, will unveil the Esco CelCulture CO2 Incubator with High Heat Sterilisation (CCL-HHS) in May 2020, featuring unique features like heat-resistant sensors, a temperature fail-safe system, and a watchdog failure mode. This novel device employs a dry heat sterilisation process at 180°C, which effectively eliminates normally resistant fungus, bacterial spores, and vegetative cells that may contaminate the workstation. This sterilisation cycle is more convenient because it does not require the removal of chamber components during sterilisation and completes in twelve hours, leaving the chamber cool and dry.
Infection Control Market Segment
1) By Type: Disinfectors, Sterilization, Equipment, Consumables And Accessories, Services
2) By Distribution Channel: Direct Tender, Retail Sales, Third Party Distributors
3) By Application: Surgical Instruments, Endoscopes, Ultrasound Probes, Other Applications
4) By End User: Hospitals And Clinics, Medical Device Companies, Pharmaceutical Companies, Life Science Industry, Food Industry, Other End Users
Infection Control Market Major Players and Strategies
Major players in the infection control market are Belimed AG, 3M Company, Ecolab Inc., Advanced Sterilization Products Services Inc., Getinge AB, Matachana Group., Miele Group. (Steelco), MMM Group, Sotera Health Inc., Steris plc., Reckitt Benckiser Group plc., Pal International, Metrex Research LLC, Steelco S.p.A., Stryker Corporation, B. Braun Melsungen AG, and Olympus Corporation.
Cantel Medical Corporation. was acquired by STERIS plc., a UK-based medical device firm, for an undisclosed sum in June 2021. STERIS Plc expanded its offering of infection prevention and procedure products and services for a broader range of customers through these acquisitions. Cantel Medical Corporation, a medical device firm established in the United States, offers infection prevention products and services primarily to endoscopy and dermatological patients.
The Infection Control Global Market Report 2023 covers regional data on infection control market size, infection control market trends and drivers, opportunities, strategies, and infection control market competitor analysis. The countries covered in the 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.
Infection control is the practise of preventing or halting the transmission of infections in hospital settings and other locations where there is a high danger of infection. It protects patients, medical professionals, and others in healthcare environments by preventing one-to-one transmission of communicable diseases.
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