Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, the infection control 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.
According to a report,“Infection Control Market Analysis By Type (Equipment, Disinfectors, Sterilization Equipment, Services, Consumables), By End-use (Hospitals, Clinical Laboratories, Pharmaceutical Companies), And Segment Forecasts, 2018 - 2025”, published by Grand View Research, Inc., The global infection control market is expected to reach USD 258.3 billion by 2025. 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.
Key Takeaways from the report:
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
U.S. infection control market by type, 2014 - 2025 (USD Billion)
Browse More Reports in Medical Devices:
- Laparotomy Sponge Market: Rising disease burden and subsequent improvement in treatment alternatives, growing geriatric population, and mounting number of cesarean deliveries are among key trends contributing to the growth of the laparotomy sponge market.
- Sports Medicine Market: Rising incidences of sports related injuries worldwide is anticipated to be high impact rendering driver for the lucrative growth of sports medicine market.
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.
Global infection control market share, by end-use, 2016 (%)
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
Disinfectors
Washers
Flushes
Endoscope Reprocessors
Sterilization Equipment
Heat Sterilization Equipment
Low Temperature Sterilization Equipment
Radiation Sterilization Equipment
Filtration Sterilization Equipment
Liquid Sterilization Equipment
Others
Services
Contract Sterilization
Ethylene Oxide Sterilization
E-beam Sterilization
Gamma Sterilization
Others
Infectious Waste Disposal
Consumables
Infectious Waste Disposal
Disinfectants
Sterilization Consumables
Personal Protective Equipment
Others
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
U.S.
Canada
Europe
UK
Germany
Asia Pacific
Japan
China
India
Latin America
Mexico
Brazil
Middle East & Africa
South Africa
Explore infection control market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland
Website: www.grandviewresearch.com/industry-analysis/infection-control-market
Source: www.abnewswire.com