A new report from FMI highlights key factors propelling the growth of the infection prevention market. The report identifies rising surgical procedures, environmental sustainability trends, the development of biodegradable solutions, and growing awareness of health and hygiene as major drivers of market expansion.
NEWARK, Del., Dec. 12, 2023 /PRNewswire/ -- The global infection prevention market is estimated to be over US$ 40,845.2 million in 2024. Between 2024 and 2034, the market is predicted to grow at 3.1%, reaching a valuation of US$ 55,379.1 million by that year. The infection prevention and control market is expanding globally due to rising outsourcing efforts, healthcare spending, impressive healthcare standards, and infrastructural advances.
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The number of surgical operations performed globally has increased. This is due to a rise in the frequency of lifestyle illnesses, increased obesity, and other factors. Aside from that, numerous athletes suffer from severe injuries, including spinal injuries and elbow injuries. As a result, many operations have increased the need for infection prevention kits.
Growing public consciousness of environmental sustainability opens up lucrative growth opportunities for the industry. Biodegradable gloves, eco-friendly packaging, and environmentally friendly production methods are just a few of the environmentally friendly and recyclable infection control items that are becoming increasingly popular. Manufacturers are trying to reduce the amount of garbage they produce and their carbon footprints.
Biodegradable infection control solutions from plant-based polymers derived from sustainable resources such as cornstarch, sugarcane, or cellulose are becoming increasingly popular. These polymers can create gloves, aprons, packing materials, and disposable gowns. Eco-friendly and biodegradable infection control solutions have propelled market expansion.
The growth in infection incidence indicates an increasing global need for efforts to address the underlying cause of sickness and reduce the risk of transmission. Revenues from reimbursement are expected because of the growing demand for consumables, disinfectants, and sterilizing equipment in the healthcare sector.
Customers are expected to demand infection-prevention products as they become more conscious of their hygiene and health. The aging population's growing desire for better healthcare is predicted to result in increasing sales potential.
Infection Prevention Industry Overview, 2024-2034:
Attributes
Infection Prevention Market
CAGR (2024 to 2034)
3.1%
Expected Base Year Value (2024)
US$ 40,845.2 million
Anticipated Forecast Value (2034)
US$ 55,379.1 million
Growth Factors
Growing prevalence of chronic disorders all over the world.
Future Opportunities
Key Companies profiled
Understand global, regional, and country-level parameters with growth opportunities, historical data (2019-2023), and forecasts (2024-2034).Buy this report today!
Sabyasachi Ghosh(Associate Vice President at Future Market Insights, Inc.), States, "The main factor driving the market is the growing demands for efficient cleaning and awareness of the need to clean and disinfect the environment. Furthermore, the market for infection prevention is poised for significant expansion because of the coronavirus outbreak."
Key Takeaways from the Infection Prevention Market:
Key Strategies:
The global infection control market is highly competitive, with several companies participating. Market rivalry is fierce, with businesses contending for customers' attention by introducing new, high-quality products. Infection control is a highly competitive sector with many small and medium-sized establishments.
These businesses often focus on specific service or product categories within a given market. Many industry participants focus on organic market expansion through product debuts, approvals, and other variables such as patents and events. The inorganic growth tactics were partnerships, acquisitions, and collaborations.
Recent Developments:
About Healthcare Division at Future Market Insights (FMI)
Future Market Insights (FMI) facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you to devise innovation-driven trajectories for your business. Know more about our sector coverage here.
About the Author:
Sabyasachi Ghosh(Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients faces and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered inDubaiand has delivery centers in theUnited Kingdom,the United States, andIndia. FMI's latest market research reports, and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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