Infection Prevention Products and Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Infection Prevention Products and Services Market: Snapshot
Health care-acquired infections and associated outbreaks have risen in hospital settings, and have raised substantial concerns related to patients’ safety. An increasing part of this trend is due to growing numbers of patients seeking care in outpatient settings. Hospital-acquired infections have been a key cause of mortality and morbidity, and unarguably, have posed considerably challenges to clinicians at large. The drive for a well-organized infection prevention programs in hospitals has stemmed largely from this need. Infection prevention services encompass a wide range of functions: reducing the risk of nosocomial infections, adopting strategies to reduce the transmission, and observing a proper hand hygiene routine. Apart from the general awareness, the infection prevention products and services market is gathering momentum from initiatives undertaken by healthcare providers to formally initiate such programs as well as dedicating special support personnel.
Growing demands for infection prevention programs for high-risk areas such in burn patients or those suffering with epidemic have catapulted the market’s growth. In addition, immunodeficient and transplant recipients have been at higher risk for such infections, thereby spurring the demands in the infection prevention products and services market. Growing adoption of evidence-based recommendations among clinicians in developing economies is also propelling the demands. Particularly, adoption of guidelines for the disinfection or sterilization for critical and non-critical items in health care settings has also bolstered the application of infection prevention products. Growing demand for high-level disinfection for the transmission of blood-borne pathogens is boosting the market. Increased circulation of various campaign materials has helped in educating clinicians about the prevention strategies needed for opportunistic infections due to viral and bacterial pathogens.
Infection Prevention Products and Services Market Introduction
Infection prevention products and services are used in the healthcare industry for reducing the risk of hospital acquired diseases or surgical site infections among hospitalized patients. The use of infection prevention products and services including sterilization equipment, disinfectants, and surgical consumables is mandatory in many countries, where strict regulations vis-à-vis healthcare industrial applications are implemented by governing bodies.
Most end-users, including hospitals, clinics, clinical laboratories, and pharmaceutical companies, are adopting infection prevention products and services to protect their staff as well as patients from dangerous hospital acquired or surgical site infections, which is supporting growth of the infection prevention products and services market.
Infection Prevention Products and Services Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global infection prevention products and services market include –
Infection Prevention Products and Services Market Dynamics
Increasing Prevalence of Hospital Acquired Infections is Boosting Infection Prevention Products and Services Market
According to the Center for Disease Control and Prevention, healthcare-related infections, such as surgical site infections (SSIs), are reported among four in 100 patients that need to get hospitalized. The number of patients suffering from inpatient surgery-related SSIs was around 157,500 in 2011 in the United States (U.S.). Increasing prevalence of hospital acquired infections increased rapidly, which led to over 14.2 million operative procedures that needed to be performed in the inpatient setting, in the U.S. in 2014. This signifies increased risk of SSIs, creating needs for infection prevention products and services.
Hospital acquired infections are prevalent across the world. Demand for surgical infection prevention products and services has been on the rise in the European region as well. A significant rise in the incidence of SSIs or hospital acquired infections was reported during 2011-2014, especially following cholecystectomy operations, as per the ‘Surgical site infections - Annual Epidemiological Report 2016’ by the European Centre for Disease Prevention and Control.
Thereby, the adoption of infection prevention products and services has increased significantly worldwide, thereby complementing growth of the infection prevention products and services market in the upcoming years.
Large Companies Consolidate a Strong Position in the Infection Prevention Products and Services Market, Creating Challenges for New Entrants
Increasing awareness about the potential complications caused due to hospital acquired infections is boosting demand for infection prevention products and services. Leading stakeholders and tier I & II companies in the infection prevention products and services market hold a heavy market share by investing in advanced technologies. Leading market players are introducing highly efficient and technologically advanced infection prevention products and services to consolidate a stronger position in the market.
Leading stakeholders in the infection prevention products and services market are bolstering investments in R&D to set the bar for advancements in infection prevention products and services higher. This is leading to precluding small and medium-sized businesses in the infection prevention products and services market to scale higher in the market and gain a competitive edges against the large companies in the market.
Infection Prevention Products and Services Market Segmentation
Based on the product types, infection prevention products and services market is segmented into
Based on end-users, the infection prevention products and services market is segmented into
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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