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
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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