The global infection prevention market is on track for significant expansion over the next decade, fueled by a growing focus on hygiene and rising healthcare spending, according to a recent market analysis conducted by FMI. The report estimates the market to be valued at over US$ 40,845.2 million in 2024 and reach US$ 55,379.1 million by 2034, reflecting a projected Compound Annual Growth Rate (CAGR) of 3.1%.
Several key trends are propelling this market growth:
- Heightened Focus on Infection Prevention & Control: A global commitment to preventing the spread of infections is driving demand for infection control solutions. This emphasis is fueled by factors like increasing healthcare expenditures, a rise in healthcare outsourcing, and advancements in hygiene standards and infrastructure.
- Surging Number of Surgical Procedures: The rising prevalence of chronic diseases, growing obesity rates, and other factors are leading to a significant increase in the number of surgical procedures performed worldwide. This, in turn, is boosting the demand for infection prevention kits and associated products.
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This market analysis provides valuable insights for businesses operating in the infection prevention sector, allowing them to capitalize on emerging opportunities and navigate future market dynamics.
Key Takeaways from the Infection Prevention Market:
- The United States infection control market is developing at a CAGR of 1.4%.
- China’s infection prevention market is projected to grow at a rate of 4.0% until 2034.
- During the forecast period, Germany’s infection solutions market is expected to achieve a CAGR of 1.9%.
- India’s infection prevention market is anticipated to dominate the global market at a CAGR of 4.6% over the projected period.
- The market for antimicrobial solutions in the United Kingdom is expanding at a 2.0% CAGR.
- The healthcare-associated infections market was estimated to be dominated by consumables, with a market share of 41.0%.
- Hospitals & clinics segment is expected to hold a market share of 45.4%.
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Key Strategies:
The global infection control market is highly competitive, with several companies participating. Market rivalry is fierce, with businesses contending for customers’ attention by introducing new, high-quality products. Infection control is a highly competitive sector with many small and medium-sized establishments.
These businesses often focus on specific service or product categories within a given market. Many industry participants focus on organic market expansion through product debuts, approvals, and other variables such as patents and events. The inorganic growth tactics were partnerships, acquisitions, and collaborations.
Recent Developments:
- In November 2023, a Washington State University research team developed a groundbreaking 3D-printed surgical gadget that, in laboratory tests, eliminated 87% of the bacteria that cause staph infections.
- Protection Paints developed Vira-Protect, a long-lasting, efficient paint to help in infection management, using silver ions blended with water-based paint-compatible polyurethane in October 2023.
Key Companies in the Infection Prevention Market:
- STERIS PLC (Cantel Medical Corporation)
- Belimed AG
- Matachana Group
- Halyard Health Inc.
- Ecolab Inc.
- Miele Group. (Steelco)
- MMM Group
- Pal Internation
- Metrex Research
- Sotera Health Inc.
- 3M Company
- Matachana Group
- Steris Corporation
- Reckitt Benckiser
- Getinge Group
- Sterigenics International Inc.
- Fortive Corporation (Advanced Sterilization Products)
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Market Segmentation:
By Product:
- 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
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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