The infection control supplies industry is expected to register a CAGR of 6.1% between 2022 and 2030 owing to the increase in geriatric population and a substantial increase in hospital-acquired infections.
SELBYVILLE, Del., August 24, 2022 /PRNewswire/ — Infection Control Supplies market value should reach $54 billion by 2030, according to a new research report from Global Market Insights Inc.
Global infection control supplies market
GMI
The report identifies limited awareness regarding the proper control and prevention of hospital-acquired infections in developing economies, which could drive demand for the products. Low knowledge of health care and poor infrastructure are also vital factors responsible for the increase in nosocomial infections in low-income countries. According to the World Health Organization (WHO), nosocomial infections affect almost 10% of patients in developing countries and around 7.6% of patients in developed countries.
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Cleaning and disinfection equipment to gain ground due to rise in infection cases
Cleaning and Disinfection Equipment Segment Infection Control Supplies Market Expected to Cross $633 million by 2030. This is due to the increase in the number of chronic health conditions requiring frequent hospital visits. Prolonged hospital stays lead to an increased incidence of nosocomial infections, including catheter-acquired urinary tract infections among patients, healthcare professionals as well as caregivers. Rising healthcare expenditure for infection control and prevention in hospitals and clinics may propel the expansion of the market.
Retail business must thrive on easy product availability
The retail segment generated $13.6 billion in 2021 and is expected to become a key distribution channel during the forecast period. Retail pharmacies have a wide range of infection control supplies such as disinfectants and disposables such as masks and gloves, making them a preferred distribution channel among customers. Their business approach is to sell products directly to customers, which could further increase the market size.
Browse key industry information spread over 302 pages with 463 market data tables and 16 report figures and graphs, “Infection Control Supplies Market Analysis by Product, Formulation, EPA Classification, Distribution Channel, End Use, Industry Analysis Report, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share and forecast, 2022-2030” in detail with the table of contents:
https://www.gminsights.com/industry-analysis/infection-control-supplies-market
Pharmaceutical companies will become a major end-use segment
The pharmaceutical companies segment achieved sales of $4.4 billion in 2021, driven by the rise of infectious diseases. Growing awareness of personal hygiene and prevention against several nosocomial or nosocomial infections will boost industry statistics. Pharmaceutical companies have also made remarkable efforts to manufacture effective infection control supplies to overcome the increasing incidence of the spread of infections.
Increased disease burden to drive product demand Europe
The European infection control supplies market is about to cross $14 billion by 2030. This is due to the prevalence of chronic diseases and the rapidly expanding geriatric population. According to the European Kidney Health Alliance, approximately 100 million people across Europe have chronic kidney disease. Based on prevalence, CKD is estimated to be the fifth leading cause of death worldwide. The substantial increase in disease burden will drive adoption of the product across the region.
Rising Demand for PPE to Fuel the Competitive Landscape
Infection Control Supplies market key players include 3MCardinal Health, Getinge Ab, Advanced Sterilization Products (ASP), Ecolab, Steelco SpA, Steris Plc, Belimed Deutschland GmbH (Metal Zug Group), Matachana Group, Henry Schein, Dentsply Sirona and Metrex Research, LLC (Envista Holdings Corporation). These companies constantly focus on harnessing advanced technologies to establish a strong foothold in the global market.
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SOURCE Global Market Insights Inc.