$27.5 Bn Infection Control Market - Global Forecast to 2024: Increasing Outsourcing of Sterilization Services Among Pharmaceutical Companies, Hospitals, and Medical Device Manufacturers
DUBLIN, Feb. 21, 2019 /PRNewswire/ -- The "Infection Control Market by Product, and End User - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
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The global infection control market is projected to reach USD 27.5 billion by 2024 from USD 20.0 billion in 2019, at a CAGR of 6.6% during the forecast period.
Growth in the infection control market can largely be attributed to factors such as the high incidence of hospital-acquired infections; the increasing number of surgical procedures; the growing geriatric population and increasing incidence of chronic diseases; the growing focus on food sterilization and disinfection; technological advancements in sterilization equipment; and the increasing outsourcing of sterilization services among pharmaceutical companies, hospitals, and medical device manufacturers.
By product & service, sterilization products and services are expected to hold the largest share of the infection control market in 2019.
The sterilization products and services segment is expected to dominate the infection control market during the forecast period. The large share of the sterilization products & services market can be attributed to the increasing need to reduce SSIs and HAIs; stringent sterilization regulations; and the extensive use of sterilizers in various applications such as medical device sterilization, food & beverage sterilization, pharmaceutical sterilization, and sterilization in the life sciences industry.
The market for sterilization products and services will be dominated by the sterilization equipment segment in 2019.
The sterilization products and services segment is segmented into sterilization equipment, contract sterilization services, and consumables and accessories. The sterilization equipment segment, comprising four sterilization technologies-heat, low-temperature, radiation, filtration sterilization, and other equipment is expected to hold the largest market share in 2019. This is attributed to its wide applications, ease of set-up, recurrent usability, and cost-effectiveness. Moreover, the increase in the number of surgeries, the increasing prevalence of food-borne diseases, and the growth of the pharmaceutical and medical device industries have boosted the demand for sterilization instruments.
North America is expected to hold the largest share during the forecast period (2019-2024)
North America is expected to dominate the infection control market during the forecast period. Growth in this market is majorly driven by the rising demand for healthcare services (owing to an anticipated surge in the geriatric population in the coming years and the subsequent increase in the prevalence of chronic diseases) and the need for infection control to minimize the prevalence of HAIs and cost incurred due to HAIs. Many leading players are focusing on technological innovations and marketing collaborations to strengthen their presence and sustain their shares in the North American infection control market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Growth Potential of the Infection Control Market
4.2 Asia Pacific Infection Control Market
4.3 Infection Control Market: Geographic Growth Opportunities
4.4 Regional Mix: Infection Control Market (2019-2024)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Incidence of Hospital-Acquired Infections
5.2.1.2 Increasing Number of Surgical Procedures
5.2.1.3 Growing Geriatric Population and Increasing Incidence of Chronic Diseases
5.2.1.4 Growing Focus on Food Sterilization and Disinfection
5.2.1.5 Technological Advancements in Sterilization Equipment
5.2.1.6 Increasing Outsourcing of Sterilization Services Among Pharmaceutical Companies, Hospitals, and Medical Device Manufacturers
5.2.2 Restraints
5.2.2.1 Concerns Regarding the Safety of Reprocessed Instruments
5.2.3 Opportunities
5.2.3.1 Growing Medical Device and Pharmaceutical Industries in Emerging Economies
5.2.3.2 Increasing Use of E-Beam Sterilization
5.2.3.3 Rising Importance of Single-Use Medical Nonwovens and Medical Devices
5.2.4 Challenges
5.2.4.1 Sterilization and Disinfection of Advanced Medical Instruments
5.2.4.2 End-User Noncompliance With Sterilization Standards
6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Area Disinfection With UV Radiation Robots & Systems and Hydrogen Peroxide Vapor
6.2.2 Growing Popularity of Single-Use Products
6.3 Regulatory Analysis
6.3.1 North America
6.3.1.1 US
6.3.1.2 Canada
6.3.2 Europe
6.3.3 Asia Pacific
6.3.3.1 Japan
6.3.3.2 China
6.3.3.3 Australia
6.4 Emerging Sterilization Technologies
6.4.1 Supercritical Co2 Technology
6.4.2 Ultra-High-Pressure Sterilization
6.4.3 Nitrogen Dioxide (NO2)
6.4.4 Pulsed Electric Field (PEF) Sterilization
7 Infection Control Market, By Product and Service
7.1 Introduction
7.2 Sterilization Products and Services
7.2.1 Sterilization Equipment
7.2.2 Growing Need for Chemical Liquid Filtration, Air & Gas Filtration, Liquid Filtration of Syrups, and Elimination of Bio-Burden From Non-Sterile Drug Substances to Drive This Market
7.2.3 Contract Sterilization Services Market
7.2.4 Consumables and Accessories
7.3 Cleaning and Disinfection Products
7.3.1 Disinfectants
7.3.2 Cleaning and Disinfection Equipment
7.3.3 Lubricants and Cleaning Solutions
7.3.4 Disinfection and Cleaning Accessories
7.4 Protective Barriers
7.4.1 Medical Nonwovens
7.4.2 Covers and Closures
7.4.3 Goggles
7.5 Endoscope Reprocessing Products
7.5.1 Endoscope Reprocessing Consumables
7.5.2 Endoscope Reprocessing Equipment
7.5.3 Other Endoscope Reprocessing Products
7.6 Other Infection Control Products
8 Infection Control Market, By End User
8.1 Introduction
8.2 Hospitals & Clinics
8.2.1 Hospitals & Clinics are the Largest End Users of the Infection Control Market
8.3 Medical Device Companies
8.3.1 Increasing Adoption of Single-Use Medical Devices & Growing Medical Devices Industry to Drive Market Growth
8.4 Pharmaceutical Companies
8.4.1 The Need to Ensure the Safety of Manufactured Products has Driven the Adoption of Infection Control Products
8.5 Life Sciences Industry
8.5.1 Growth in Life Sciences Research to Drive the Growth of This End-User Segment
8.6 Food Industry
8.6.1 Increasing Incidence of Foodborne Diseases has Driven the Adoption of Infection Control Products & Services in the Food Industry
8.7 Other End Users
9 Infection Control Market, By Region
10 Competitive Landscape
10.1 Introduction
10.2 Vendor Benchmarking
10.3 Infection Control Market, Competitive Leadership Mapping, 2018
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Market Share/Ranking Analysis, 2018
10.4.1 Sterilization Products and Services: Market Share Analysis
10.4.2 Disinfectors Market Ranking Analysis
10.5 Competitive Situations and Trends
10.5.1 Acquisitions
10.5.2 Product Launches
10.5.3 Partnerships, Agreements & Collaborations
10.5.4 Expansions
11 Company Profiles
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