The global infection control market is expected to reach USD 258.3
billion by 2025, according to a new report by Grand View Research, Inc. The
market is driven by rising concerns with respect to a significant upsurge in
hospital acquired infections globally. This is believed to facilitate greater
penetration of infection control products. An influx in development of new
biologics and subsequent demand for sterilized formulations serve as key growth
factors for the overall infection control market. The healthcare organizations
are focused on implementing strategies for early recognition, reporting, isolation,
and surveillance of disease episodes of potential public health concern. In
addition, increasing number intensive training modules, for nurses and other
medical staff, on infection prevention and control is presumed to provide high
potential for extensive usage of infection control products over the coming
years.
For instance, College of
Nurses of Ontario released guidelines concerning standard practices, that is
focused on maintaining hand hygiene to reduce contamination and spread of
infection. Furthermore, Centers for Disease Control and Prevention (CDC) has
released guidelines for disinfection and sterilization for efficient usage of
infection control products by healthcare personnel in wide array of healthcare
settings such as ambulatory care, home care, hospitals, and others. As a
consequence of the aforementioned factors, it is presumed that there will be
significant improvement in the overall penetration rate of infection prevention
and control products, which is also anticipated to fuel the market demand as
well as the revenue to unprecedented heights.
Access Research Report of Infection Control Market@ www.grandviewresearch.com/industry-analysis/infection-control-market
Further key findings from the report suggest:
· In the type segment, services are predicted
to observe exponential growth as a consequence of increasing presence of
third-party reprocessors and outsourcing of sterilization as a result of
associated cost efficiency
· In the end-use segment, hospitals accounted
for substantial share in 2016, as a consequence of high clinical urgency to
curb the growing incidence of hospital acquired infections
· North America captured a dominant share of
the overall infection control market owing to extensive infection prevention
activities being implemented in hospitals, medical device and pharmaceutical
companies
· The market in Asia Pacific is projected to
witness exponential growth during the forecast period as a result of increasing
awareness pertaining to spread of infections within healthcare settings and
measures for prevention
· The competitive environment is marked by
companies adopting sustainability strategies such as geographical expansion and
mergers & acquisitions resulting in significant growth in their market
share
· For instance, in July 2016, the Getinge
Group acquired 1stCall Mobility Ltd, a company specializing in supplying rental
equipment. This acquisition was carried out as a part of the company’s
expansion strategy
Grand View Research has
segmented the global infection control market on the basis of type, end use,
and region:
Infection Control Type Outlook (Revenue, USD Billion,
2014 - 2025)
·
Equipment
·
Services
·
Consumables
Infection Control End-use Outlook (Revenue, USD Billion,
2014 - 2025)
·
Hospitals
·
Medical Device Companies
·
Clinical Laboratories
·
Pharmaceutical Companies
·
Others
Infection Control Regional Outlook (Revenue, USD Billion,
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
