According to the new market research report by IndustryARC titled “Infection Prevention and Control Market” By Infections (Microbial and Others) By Antimicrobial Drugs (Antibacterial & Others) By Accessories and Equipment (Disinfectants and Others) By End User (Equipment & Drug Usage) & By Geography-Forecast (2018 – 2023)”, the market is driven by advancements in personal protective equipment, disinfectors, and hand disinfectants.
North America dominates the Infection Prevention and Control Market
North America dominates the Infection Prevention and Control Market during the forecast period. It is expected to generate revenue of $74.3 billion by 2023 at a CAGR of 4.5%. 30.85% of the globally registered hospitals are present in the Americas, according to WHO. The ageing population in the US, Canada, and Mexico, enhances the demand for healthcare services and facilities. The reduction in the immune system and the susceptibility of individuals to microbes will increase the rate of infection in North America. This factor enhances the growth of the Infection prevention and control in the region. Europe is the second largest region in the market, followed by RoW and Asia Pacific.
Selected Analysis done in the full Report:
The hospital and clinics segment is the largest end user segment in the Infection Prevention and Control Market. In 2014, this segment had revenue of $31.2 billion. It is expected to generate $51.6 billion by 2023 at a CAGR of 5.2%. Infection, prevention, and control products are used by hospitals, clinics, and researchers. In the US, there are 144 speciality hospitals and the number is growing. The implementation of healthcare reforms such as the Affordable Care Act in the U.S has enabled the implementation of infection prevention control.
Excerpts on Market Growth Factors
Growing incidences of hospital acquired infections will drive the demand for infection control.
The latest technology towards the improvement of the healthcare system enhances the growth of infection prevention and control.
Increasing number of surgical procedures has been driving the demand for disposable hospital supplies such as procedure kits and trays, single- use syringes, drapes, gowns, etc. This factor spurs the growth of infection control procedures.
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Key players of the Infection Prevention and Control Market
Johnson & Johnson, Inc., Roche, 3M, AstraZenecea and Kimberly Clark are the top companies in the Infection Prevention and Control Market. Johnson & Johnson has its headquarters in New Jersey and manufactures products in the areas of anti-infective, antipsychotic, immunology, infectious diseases, etc. Roche operates in two divisions namely pharmaceuticals and diagnostics. The diagnostics segment consists of blood glucose meters, point of care testing devices, and high throughput analysers. The pharmaceuticals segment includes Roche Pharma, Genentech, and Chugai. 3M deals with display and graphics, healthcare, and transportation. It operates in more than 70 countries. AstraZeneca PLC is a biopharmaceutical company which discovers and manufactures prescription medicines. Kimberly Clark manufactures personal care, consumer tissue, and healthcare products.
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