Market Synopsis
The global market for infection control is projected to record a CAGR of 7.5% during the review period from 2017 to 2023. As per the report by Market Research Future Reports (MRFR), the increasing initiatives taken by the government for preventing the infections are predicted to be the most pivotal factor affecting the global infection control market 2020. Also, the government of various countries is issuing guidelines to enlighten individuals with preventive measures. Besides, the increasing control programs for preventing disease transmission is a crucial factor leading to market growth. In addition, the increasing demand for food sterilization is projected to propel the market further. Also, the rapidly increasing medical devices are further anticipated to fuel the market. Besides, life science and pharmaceutical industry are likely to play an important role in market expansion. Also, the growing geriatric population will further augment the market. Moreover, the increasing mergers and acquisition in various healthcare organizations and the launch of innovative products are projected to drive the global market for infection control. However, the implementation of strict rules and regulations for approval of equipment utilized in sterilization is anticipated to hamper the market growth.
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Market Segmentation
The global market for infection control can be distinguished on the basis of end-user, type, and region.
On the grounds of end-user, the worldwide market for infection control can be distinguished into hospitals and clinics, the life sciences industry, medical device companies, pharmaceutical companies, the food industry, and others.
On the grounds of the type, the worldwide market for infection control can be distinguished into disinfection products, sterilization products and services, and others.
On the grounds of the region, the worldwide market for infection control can be distinguished into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Geographical Analysis
The worldwide market for infection control is estimated to grow significantly with a substantial value during the assessment period. Regionally, North America, Europe, Asia-Pacific, and the Rest
of the World (RoW) have been analyzed thoroughly. As per the study by MRFR, the global market is projected to be dominated by the Americas. The increasing number of service providers is estimated to be one of the most significant factors driving the regional market. Among all, the U.S. is anticipated to make the most valuable contribution to strengthening the market. Besides, the growing awareness about chronic infections is likely to propel the market further. According to MRFR, the second position is likely to be attained by Europe, followed by the APAC region. However, the APAC region is estimated to expand at the fastest speed during the assessment period. The increasing expenses on healthcare service and the presence of advanced healthcare infrastructure are likely to propel the European market. The APAC market is projected to be majorly driven by the presence of various governmental institutes taking initiatives to regulate the infection. On the other side, the MEA region is projected to expand at a steady speed owing to the increasing research and development activities in the healthcare sector, along with the development of healthcare infrastructure in the region.
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Key Players
The established players of the worldwide infection control market are STERIS Corporation (U.K.), Getinge Group (Sweden), Cantel Medical Corporation (U.S.), Ecolab (U.S.), 3M Healthcare Company (U.S.), Sotera Health (U.S.), Advanced Sterilization Products (U.S.), MMM Group (Germany), Reckitt Benckiser (U.K.), Matachana (Spain), Halyard Health (U.S.), Metrex Research (U.S.), Belimed AG (Switzerland), Pal Internation (U.K.), Honeywell International, Inc. (U.S.), Nordion, Inc. (U.S.), Ahlstrom Corporation (Finland), and a few more.