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Meticulous Research®– leading global market research company published a research report titled “Infection Control Market by Product [Sterilization (Steam, Radiation, Sterilant, Indicators), Disinfection (Washer, UV Disinfection, Disinfectants), Endoscope Reprocessing, Protective Barriers], and End User - Global Forecast to 2027”.
According to this latest publication from Meticulous Research®, the infection control market is expected to grow at a CAGR of 13.3% from 2020 to reach $58.2 billion by 2027. The growth in the infection control market is mainly driven by the factors such as increasing incidence of chronic diseases associated with growing geriatric population, growing incidences of hospital-acquired infections, rising number of surgical procedures, and growing medical device reprocessing industry. Moreover, the growing number of medical device and pharmaceutical industries in emerging economies, and increasing use of e-beam sterilization creates significant growth opportunities in this market.
The global infection control market study published by Meticulous Research® presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027 by product (cleaning & disinfection products, sterilization products, endoscope reprocessing products, protective barriers, and software), and end user (hospital & clinics, life science industry, and medical device companies). The study also evaluates industry competitors and analyzes the market at regional and country level.
Based on the product type, the cleaning & disinfection products segment is estimated to account for the largest share of the overall market in 2020. However, the endoscope reprocessing products segment is expected to grow at the fastest growth rate during the forecast year due to the growing importance of diagnostic and therapeutic endoscopy procedures, concerns regarding surgical wound-associated infections, and technological advancement in the medical field. The cleaning and disinfection products market is further segmented into equipment and consumables & accessories. In 2020, the consumables & accessories segment is estimated to account for the largest share of the overall cleaning and disinfection products market, due to the increasing cases of nosocomial infections and rising government initiatives to prevent them.
Based on end user, the hospitals & clinics segment is estimated to command the largest share of the overall infection control market in 2020. However, the medical device companies segment is expected to grow at the fastest growth rate during the forecast year. Strict regulations for good manufacturing and packaging practices (GPP) and compulsion to follow standard guidelines during manufacturing of medical devices boost the market growth of this segment.
This research report analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada), Europe (France, U.K., Germany, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and RoAPAC), Latin America and the Middle East & Africa. North America is estimated to dominate the global infection control market in 2020, followed by Europe, and Asia Pacific. The factors such as well-established healthcare system in the region, greater adoption of advanced technologies, growing incidences & prevalence of infectious diseases, presence of large number of hospitals, growing aging population, and greater access to healthcare supported the largest share of North America in the infection control market.
The key players operating in the global infection control market are STERIS plc. (U.S.), Cantel Medical Corp. (U.S.), Getinge AB (Sweden), Ecolab (U.S.), 3M (U.S.), Advanced Sterilization Products (U.S.), MMM Group (Germany), MATACHANA group (Spain), Belimed (Switzerland), and MELAG Medizintechnik GmbH & Co. KG (Germany), among others.
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Key questions answered in the report-
- Which are the high growth market segments in terms of product type, end user, and region/countries?
- What was the historical market for infection control across the globe?
- What are the market forecasts and estimates for the period 2018, 2019, 2020, and 2027?
- What are the major drivers, restraints, opportunities, and challenges in the global infection control market?
- Who are the major players in the infection control market?
- How is the competitive landscape and who are the market leaders in the global infection control market?
- What are the recent developments in the global infection control market?
- What are the different strategies adopted by the major players in the global infection control market?
- What are the geographical trends and high growth regions/ countries?
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