As per a recent analysis conducted by FMI, the global Infection Prevention Market is projected to total US$ 37.4 billion in 2021. In response to the increasing demand for sterilization equipment and protective apparel across hospitals and clinical laboratories, the market is estimated to surpass US$ 56.4 billion, expanding by 1.5X through 2031.
The market registered growth at a CAGR of 3.2% between 2016 and 2020. Growing concerns regarding sterilization and disinfection coupled with increasing focus on high degree infection prevention is driving the market. Driven by this, the infection prevention market is anticipated to expand at 4.2% CAGR during the forecast period 2021-2031.
Successive outbreaks of several infectious diseases, caused due to the pathogens such as viruses, bacteria, fungi, and other parasites have been reported since the past decade. According to a study by the Centers for Disease Control and Prevention (CDC), infectious diseases were the third most leading cause of death across the U.S., followed by diseases such as parasitic diseases (15.5 million cases), and tuberculosis (9,025 cases) in 2018.
As a result of this, the demand for effective solutions to prevent the infections and provide the measures to reduce the risk of transmission are creating lucrative sales opportunities for the market.
Increasing number of surgical procedures conducted across the world is propelling the demand for sterilization equipment for disinfecting surgical tools. Driven by this, FMI has forecast that disinfectors will emerge as the most adopted infection prevention product, accounting for nearly 30% of the total sales through 2031.
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“Implementation of stringent regulations, mandating the use of infection prevention products such as sanitizers, surgical masks, and others across various industries is intended at countering the spread of COVID-19. This will continue accelerating the sales of infection prevention solutions over the assessment period,” says a FMI analyst.
Key Takeaways from the Infection Prevention Market Analysis
Discover more about the infection prevention analysis with figures and data tables, along with the table of contents. You will also find detailed market segmentation on
Key players in the global infection prevention market are adopting expansion strategies such novel product development, speedy regulatory approvals, clinical trials, acquisition, and partnerships to expand their market share and strengthen their global footprint. For instance,
Leading players operating in the market profiled by FMI are:
More Valuable Insights on Infection Prevention Market
FMI, in its new report, offers an unbiased analysis of the global infection prevention market, analyzing forecast statistics through 2021 and beyond.