Rise in incidence of hospital-acquired infections (HAIs), upsurge in likelihood of epidemic or pandemic outbreaks, increase in geriatric population, surge in incidence of chronic diseases, and growing usage of E-beam sterilization fuel the global infection control market.
Portland, OR, June 30, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Infection Control Market was pegged at $32.61 billion in 2020, and is estimated to hit $38.61 billion by 2028, registering a CAGR of 3.0% from 2021 to 2028. The report provides an in-depth analysis of the top investment pockets, key winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
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Rise in incidence of hospital-acquired infections (HAIs), upsurge in likelihood of epidemic or pandemic outbreaks, increase in geriatric population, surge in incidence of chronic diseases, and
growing usage of E-beam sterilization fuel the global infection control market. On the other hand, adverse effects of chemical disinfectants restrain the growth to some extent. However, several growth opportunities in emerging markets have proven to be beneficial for the market growth.
The global infection control market is analyzed across product & service, end-user, and region. Based on product & service, the protective barriers segment accounted for more than three-fourths of the total market revenue in 2020, and is expected to lead the trail by the end of 2028. The sterilization segment, on the other hand, would cite the fastest CAGR of 4.3% during the forecast period.
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Based on end user, the hospitals & clinics segment contributed to nearly half of the total market share in 2020, and is anticipated to dominate by 2028. Simultaneously, the pharmaceutical & medical device companies segment would register the fastest CAGR of 3.6% from 2021 to 2028.
Based on region, North America generated the major share in 2020, garnering more than one-third of the global infection control market. At the same time, the region across Asia-Pacific would grow at the fastest CAGR of 4.3% throughout the forecast period. The other two provinces discussed in the report include Europe and LAMEA.
The leading market players analyzed in the global infection control market report include Belimed AG, Ecolab , Fortive (Advanced Sterilization Products), 3M Company, Sotera Health Llc, Getinge AB, Matachana Group, Miele Group, Steris Plc ( Cantel Medical Corporation), and MMM Group. These market players have incorporated different strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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