In the latest forecast report, the global infection prevention industry size is projected to experience robust growth, showcasing a remarkable surge in worth. Estimated to be valued at US$ 40.8 billion in 2023, the market is poised to escalate at a Compound Annual Growth Rate (CAGR) of 4% over the next decade, foreseeing a substantial climb to a valuation of US$ 60.6 billion by 2033.
This upward trajectory signifies a burgeoning demand for innovative solutions and advanced technologies in the realm of infection prevention. Factors attributing to this growth include heightened awareness regarding healthcare-associated infections, the pressing need for stringent infection control measures, and a proactive approach to public health and safety worldwide.
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The covid-19 pandemic led to a mammoth growth in the sales of infection prevention kits. Social distancing norms and the urgency to maintain hygienic surrounding suddenly became the most important norms. Not only the healthcare sector, but there was a great demand for these products in every sector.
Furthermore, various government initiatives that entirely focus on hygiene are also one of the main drivers of this market. The CDC had already spent millions of dollars to lay emphasis on cleanliness. The market is also driven by rising consumer awareness regarding the importance of cleanliness.
As per WHO, rising incidences of stroke and pulmonary disease is expected to have a massive impact on the market. There are a lot of patients who get admitted to the hospital owing to these health concerns. Hospitals and various other healthcare facilities ensure that hygiene is maintained while performing operation. This might massively increase the adoption of infection prevention products during the forecast period.
However, the market is driven by concerns pertaining to supply chain disruption and fluctuating prices of raw materials.
Thus, from the insights delivered by FMI analysts, it can be inferred that, ‘increase in the number of surgical procedures, growing government initiatives, increasing awareness regarding the maintenance of hygiene and many other factors are expected to surge the market growth during the forecast period.’
Key Takeaways:
- The infection prevention market is expected to grow at a CAGR of 4% during the forecast period.
- In 2023, the market is valued at US$ 40.8 billion.
- By 2033, the market is expected to reach a valuation of US$ 60.6 billion.
- Based on the regional analysis, North America is expected to be the largest market.
- The USA infection prevention market is projected to advance at a CAGR of 3%.
- UK market is expected to surge at a CAGR of 3.5%.
- China market is anticipated to grow at a CAGR of 5%.
- Japan market is projected to surge at a CAGR of 3.7%.
- South Korea market is expected to advance at a CAGR of 4.6%.
- Based on the product type, the consumables segment is expected to hold the largest market share, and is anticipated to grow at a CAGR of 4.2%.
- Based on end user, the hospitals and clinics segment is expected to hold the highest market share, and is projected to grow at a CAGR of 4.9%.
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Competitive Landscape:
The key players operating in the infection prevention market are laying a lot of emphasis on mergers and acquisitions. They prefer to acquire local players as they would be having better awareness regarding the market and the customer mindset. Apart from that, there are also investments being made in establishing strategic partnership. Most importantly, the technological upgradations in the healthcare sector is assisting the manufacturers come up with top quality products.
In May 2022, Sterigenics, which is a business unit of Sotera Health announced an increased electron beam sterilisation capacity. This was done in a bid to support healthcare industry needs.
Top Key Players:
- Cantel Medical
- Getinge AB
- STERIS
- Advanced Sterilization Products
- Sotera Health
- 3M
- Ecolab
- Halyard Worldwide, Inc.
- Matachana Group
- Belimed, Inc.
- Pal International
- Reckitt Benckiser Group PLC.
- Metrex Research, LLC.
- Terumo Corporation
- Ahlstrom Munksjo
- Ansell Ltd.
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Infection Prevention Market Segmentation:
By Product Type:
- Sterilization Equipment (Low-Temperature Equipment, Heat Sterilization Equipment, Radiation Sterilization Equipment, Liquid Sterilization Equipment),
- Disinfectors (Washer Disinfectors, Endoscope Repressors, Flusher Disinfectors, Surface Disinfectants, Hand Sanitizers),
- Consumables (Sterilization Supplies, Protective Apparel & Textiles, Infectious Waste Disposal)
By End User:
- Hospitals & Clinics,
- Pharmaceutical Companies,
- Clinical Laboratories,
- Medical Device Companies,
- Life Science Industry,
- Academic and Research Centers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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