Infection Control Market
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<strong>Infection</strong> <strong>Control</strong> <strong>Market</strong> growth outlook with industry review and<br />
forecasts: Global <strong>Market</strong> Insights Inc.<br />
<strong>Infection</strong> <strong>Control</strong> <strong>Market</strong> size is set to grow substantially over the forecast<br />
timeframe.Growing geriatric population along with increasing prevalence of chronic<br />
diseases such as cancer, diabetes, obesity, heart and respiratory disorders owing to<br />
lifestyle changes, lack of physical exercise, consumption of junk food and harmful<br />
substances such as alcohol and tobacco will drive future market growth. The elderly<br />
population is more prone to acquiring infections due to presence of combination of<br />
increased comorbid condition and decreasing activity of the immune system.<br />
Rise in number of surgical procedures coupled with growing incidence of nosocomial<br />
infections will boost infection control market growth during the forecast period. As per<br />
WHO statistics, out of every 100 individuals hospitalized globally at any given time, 10<br />
in developing countries and 7 in developed countries are likely to acquire nosocomial<br />
infections.<br />
Increasing focus on sterilization of food and disinfection will further propel growth.<br />
Presence of various government and non-government initiatives pertaining to<br />
spreading awareness regarding need for disinfection and maintenance of proper<br />
hygiene will boost market expansion. For instance, ‘Save Lives: Clean your hands’<br />
initiative aimed at spreading awareness regarding maintenance of hand hygiene<br />
globally.<br />
Presence of strict regulatory policies pertaining to infection control agents will impede<br />
market growth to some extent. Moreover, saturation due to extensive use of these<br />
agents in developed economies will restrain growth in these regions.<br />
Products for infection control encompass disinfection and sterilization products.<br />
Disinfection segment held largest market share in 2015. The segment includes<br />
disinfectants, endoscopic reprocessors, medical non-wovens and disinfectors.<br />
Sterilization methods include various sterilization methods such as heat, filtration, low<br />
temperature, radiation and contract sterilization services.<br />
End users of infection control products include hospitals, life science companies, food<br />
industry, medical device companies and pharmaceutical companies among others.<br />
Hospital segment attributed for majority market share in 2015 owing to increasing<br />
number of surgical procedures and increasing prevalence of nosocomial infections.<br />
U.S. infection control market held the largest share in 2016. The region is anticipated<br />
to follow a similar trend over the forecast time. Increasing geriatric population and<br />
growing prevalence of chronic diseases will boost regional market growth. As per<br />
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Administration on Aging statistics, there were 46.2 million individuals aged 65 years<br />
and above in U.S. in 2014 and this population is expected to double in size by 2060.<br />
According to CDC, elderly people are more prone to chronic disease with three out of<br />
four individuals aged 65 years and above suffering from multiple chronic conditions.<br />
Increasing incidence of nosocomial infections coupled with rising awareness levels<br />
amongst public as well as health practitioners will further boost growth. Favorable<br />
government initiatives will further expand regional market growth.<br />
India and China are anticipated to be fastest growing markets. Presence of large<br />
geriatric population and increasing prevalence of chronic diseases will serve to be high<br />
impact rendering factors. As per NHRSC statistics, chronic diseases accounted for 60<br />
percent of deaths in India in 2014. Rapid economic development in these countries<br />
along with improvement in healthcare infrastructure will boost market growth. Growing<br />
need to maintain hygienic conditions in healthcare settings along with rising public<br />
awareness due to initiatives promoting usage of disinfection and sterilization<br />
techniques will further augment growth.<br />
Some of the industry players include 3M Company, Belimed, Ahlstrom Corporation,<br />
Johnson & Johnson, Sterigenics International, Kimberly Clark Corporation, Steris,<br />
Getinge Group, Matachana Group, Cantel Medical Corporation.The market players<br />
opt for various strategic initiatives such as new product launches, mergers and<br />
acquisitions to broaden their product portfolio and strengthen their market position.<br />
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About Global <strong>Market</strong> Insights<br />
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research and consulting service provider; offering syndicated and custom research<br />
reports along with growth consulting services. Our business intelligence and industry<br />
research reports offer clients with penetrative insights and actionable market data<br />
specially designed and presented to aid strategic decision making. These exhaustive<br />
reports are designed via a proprietary research methodology and are available for key<br />
industries such as chemicals, advanced materials, technology, renewable energy and<br />
biotechnology.<br />
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