USD 201.4 billion
Report ID: SQSG35A2048 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 65 | Figures: 75
Infection Control Market size was valued at USD 201.4 billion in 2021 and is poised to grow from USD 214 billion in 2022 to USD 359.6 billion by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).
The market is primarily being driven by the increase in surgical procedures that demand intensive infection control. The high preference is the result of better clinical results brought on by the use of infection control. Because of the rise in demand for sterilization and disinfection in hospitals and clinics, pharmaceutical and medical device companies, the COVID-19 pandemic has positively impacted market growth.
Additionally, during the pandemic, manufacturing of sanitizer products increased by 60% in the United States alone. This demonstrates the growth potential for products that prevent infection in the upcoming years. The market for infection control is expanding as a result of increased outsourcing of sterilization services and the introduction of cutting-edge sterilizing solutions.
An important growth driver is the increasing number of government programmes designed to guarantee high levels of infection prevention. Government organizations are becoming more actively involved in issuing guidelines to spread awareness about effective prevention measures around the world, which is anticipated to support market growth over the forecast period.
US Infection Control Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 201.4 billion
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The global infection control market is segmented based on type, end-user and regions. Based on type the market is further sub segmented into equipment, services and other segments. Based on end-users the market can be segregated into hospitals, medical device companies, clinical laboratories, pharmaceutical laboratories and other sub segments. The regional market segmentation comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Infection Control Market Analysis by End-Use
With a revenue share of 39.5% in 2022, the hospitals segment dominated the infection control market and is predicted to grow at the fastest rate during the forecast period. The significant portion is primarily due to the high risk of contracting infections on hospital property through respiratory or bloodborne pathogen transmission. One of the biggest problems is HAIs, which calls for strict control. Hospitals and public health organizations have been compelled by this to implement highly effective control systems. Additionally, according to research reported in NCBI, 40 to 60% of hospital infections are thought to originate from surgical sites.
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With a revenue share of 37.9% in 2021, North America dominated the infection control market. The larger share seized by this region is thought to be due to a consistent number of strategic collaborations adopted by key market players to expand their product portfolio and infection control capabilities. Additionally, the established businesses' increased efforts to expand their presence throughout this region are to blame for North America's dominant market share.
Due to the increasing number of outsourcing companies, rising healthcare costs, and the region's unmatched advancement in healthcare infrastructure and standards, the infection control market in Asia Pacific is anticipated to grow at the fastest CAGR during the forecast period.
One of the key factors influencing the expansion of the Asia Pacific region is the existence of numerous non-profit and governmental organizations dedicated to raising infection control standards. A major driver of the market's growth is the rising trend of established players in developed economies outsourcing to businesses in Asia Pacific.
For instance, the Asia Pacific Society of Infection Control (APSIC) is a non-profit organization that promotes cost-effective practices throughout the Asia Pacific region by conducting infection control research and building collaborative partnerships to facilitate quality improvement.
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Infection Control Market Driver
Rise in the number of surgeries and HAI to increase the use of disinfectants.
Infection Control Market Restraint
Excessive use of chemicals to result in gradual growth of market
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Major corporations, such as Advanced Sterilization Products, STERIS Corporation, and Cantel Medical Corporation, are widely implementing collaborative strategies in the competition, which accounts for their dominant market share. Adopting competitive strategies like mergers and acquisitions, new product development initiatives, and geographic expansion are top priorities for these players. As an illustration, 3M and Kimberly-Clark Health Care joined forces to co-develop and deliver surgical and infection prevention solutions using their respective expertise.
Infection Control Market Top Players Company Profiles
Infection Control Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global infection control market is segmented based on type, end-user and regions. With a revenue share of 39.5% in 2021, the hospitals segment dominated the infection control market and is predicted to grow at the fastest rate during the forecast period. With a revenue share of 33.9% in 2021, North America dominated the infection control market.
|Market size value in 2021||USD 201.4 billion|
|Market size value in 2030||USD 214 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Infection Control Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Infection Control Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Infection Control Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Infection Control Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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