Global Infection Prevention Market is set to grow at a 3.1% CAGR, reaching US$ 55,379.1 million by 2034 | FMI
Infection Prevention Market
The global infection prevention market is set to witness substantial growth over the next decade, according to a recent market analysis conducted by FMI. Estimated at over US$ 40,845.2 million in 2024, the market is expected to expand at a CAGR of 3.1% between 2024 and 2034, reaching a valuation of US$ 55,379.1 million by the end of the forecast period.
Several key factors contribute to this projected growth trajectory. The ongoing global emphasis on infection prevention and control, driven by rising healthcare spending, outsourcing efforts, and advancements in healthcare standards and infrastructure, is a primary driver of market expansion. Additionally, the escalating number of surgical procedures performed worldwide, attributed to the increasing prevalence of lifestyle diseases, rising obesity rates, and other contributing factors, has significantly augmented the demand for infection prevention kits.
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Athletes, in particular, face a higher risk of severe injuries, including spinal and elbow injuries, necessitating a surge in surgical interventions and subsequently fueling the demand for infection prevention solutions. This convergence of factors underscores the critical importance of robust infection prevention measures across healthcare settings, driving innovation and investment in the market.
Growing public consciousness of environmental sustainability opens up lucrative growth opportunities for the industry. Biodegradable gloves, eco-friendly packaging, and environmentally friendly production methods are just a few of the environmentally friendly and recyclable infection control items that are becoming increasingly popular. Manufacturers are trying to reduce the amount of garbage they produce and their carbon footprints.
Biodegradable infection control solutions from plant-based polymers derived from sustainable resources such as cornstarch, sugarcane, or cellulose are becoming increasingly popular. These polymers can create gloves, aprons, packing materials, and disposable gowns. Eco-friendly and biodegradable infection control solutions have propelled market expansion.
The growth in infection incidence indicates an increasing global need for efforts to address the underlying cause of sickness and reduce the risk of transmission. Revenues from reimbursement are expected because of the growing demand for consumables, disinfectants, and sterilizing equipment in the healthcare sector.
Customers are expected to demand infection-prevention products as they become more conscious of their hygiene and health. The aging population’s growing desire for better healthcare is predicted to result in increasing sales potential.
Lead Analyst States, “The main factor driving the market is the growing demands for efficient cleaning and awareness of the need to clean and disinfect the environment. Furthermore, the market for infection prevention is poised for significant expansion because of the coronavirus outbreak.”
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
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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