Infection Prevention Devices Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

According to Vision Research Reports, the global infection prevention devices market size was valued at US$ 15.8 Bn in 2020 and to grow at a CAGR of 6.5% from 2021 to 2028.

Global infection prevention devices market size is pprojected to surpass around US$ 26 billion by 2028. Increase in the global geriatric population, rise in hospital admissions and outpatient visits, and increased demand for infection prevention products due to surgical procedures are key factors that are fueling the global infection prevention devices market.

Overview

  • Potential sources of pathogens in general practice include bacteria, viruses, pathogenic fungi, protozoa, worms, and prions.
  • In addition to GPs and practice nurses, administrative and cleaning staff may be exposed to communicable diseases and / or blood / bodily fluid exposure, and therefore, should be vaccinated appropriately.
  • Personal protective equipment (PPE) refers to a range of barriers and respirators used alone or in combination to protect mucous membranes, airways, skin, and clothing from contact with infectious agents.
  • Every interaction, in general practice, should include a risk assessment of the potential for infection transmission.
  • The selection of protective equipment required depends upon an assessment of the risk of transmission of microorganisms to the patient, and the risk of contamination of the healthcare practitioner’s clothing and skin by the patient’s blood, body fluids, secretions or excretions.
  • HCAIs are acquired in healthcare facilities or as a result of healthcare interventions, and are a major problem for patient safety. Hand hygiene is a highly effective means of preventing HCAIs.

Factors Driving the Infection Prevention Devices Market

  • Technological advancements in the field of life sciences and biotechnology have brought about significant changes in healthcare diagnostics, drug discovery, personalized medicines, forensic sciences, and clinical research & development. This is a major factor driving the global infection prevention devices market.
  • The occurrence and undesirable complications from HAIs have been well-recognized for the last several decades. The occurrence of HAIs continues to rise at an alarming rate. HAIs originally refer to those infections associated with admission in an acute-care hospital; however, presently, the term applies to infections acquired in the continuum of settings where persons receive healthcare.
  • These unanticipated infections develop during the course of treatment, and result in significant patient illnesses and deaths, which prolong the duration of hospital stays and necessitate additional diagnostic and therapeutic interventions. This, in turn, drives the costs already incurred by the patient’s underlying disease. HAIs are considered an undesirable outcome, and since some are preventable, they are considered an indicator of the quality of patient care, an adverse event, and a patient safety issue. Additionally, the diagnosis of infectious and chronic diseases is a leading application of in vitro diagnostics. Lifescience reagents are integral and vital part of any diagnostic test.

Infection Prevention Supplies in Great Demand

  • In terms of product, the global infection prevention devices market has been classified into infection prevention supplies, medical waste disposable devices, and infection prevention equipment. The infection prevention supplies segment dominated the global infection prevention devices market in 2018, and the trend is likely to continue during the forecast period.

Hospitals to Offer Lucrative Opportunities in the Infection Prevention Devices Market

  • In terms of end user, the global infection prevention devices market has been divided into hospitals, lifescience industries, clinical laboratories, and others.
  • The hospitals segment is expected to be a highly lucrative segment of the global infection prevention devices market during the forecast period. The hospitals segment of the infection prevention devices market is likely to be driven by the increase in the number of surgical procedures and number of patients visiting hospitals. 

North America a Prominent Region in the Global Infection Prevention Devices Market

  • In terms of region, the global infection prevention devices market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
  • North America dominated the global infection prevention devices market in 2018, followed by Europe. Rise in the geriatric population and ageing baby boomers are major factors for the dominant share held by the U.S. in the infection prevention devices market in North America. It is anticipated to maintain its dominance of the market in the region during the forecast period. According to the U.S. Census Bureau in September 2018, all baby boomers are expected to grow older than the age of 65 by 2030. This leads to the dominance of the region in the infection prevention devices market.
  • Europe follows North America in terms of share of the global infection prevention devices The region accounted for a prominent share of the global infection prevention devices market in 2020, owing to high research and development activities in the region.
  • The infection prevention devices market in Asia Pacific is projected to expand at a high CAGR from 2021 to 2028. This can be attributed to an increase in geriatric population, especially in countries such as China, in the region

Growth Strategies by Key Players in the Infection Prevention Devices Market

  • The global infection prevention devices market is fragmented in terms of number of players. Key players operating in the infection prevention devices market are Johnson & Johnson (DePuy Synthes), Cardinal Health, PAUL HARTMANN AG, Mölnlycke Health Care AB, 3M Healthcare. Other key players operating in the global infection prevention devices market include B. Braun Melsungen AG, Coloplast Group, Ethicon, Inc. (Johnson & Johnson), Medline Industries, Inc., Becton, Dickinson and Company, C. R. Bard, Inc. (Becton, Dickinson and Company), and Hollister Incorporated.
  • Research and development carried out by key players is governed by state organizations that support and finance applied research and experimental development.
  • Wide distribution network, new product development, and mergers & acquisitions are key strategies followed by these major players in order to consolidate their position in the global infection prevention devices market. 

Drivers & Restraints

  • The geriatric population is increasing at a faster rate than that of the younger population. This leads to an increase in hospital visits and surgical procedures, which, in turn, drives the demand for laboratory testing. These factors are likely to propel the global infection prevention devices market. The present geriatric population of 962 million is around 13% of the global population, and is increasing at a rate of around 3% every year. Furthermore, the number of persons aged 80 years or above is estimated to be triple by 2050, an increase from 137 million in 2017 to 425 million by 2050.
  • Rise in hospital admissions and outpatient visits could drive the market, thereby fuelling the preference for outpatient care, as it is cost-effective and does not require hospital stay. This is a key factor that is likely to drive the market. Chronic wounds may lead to frequent visits to the hospital or nearby clinic. The number of people with chronic diseases continues to increase globally, and hence, most of them require surgeries.
  • The emergency care services of NHS and several other health systems are coming under great strain, and our research has shown that, a significant factor in this rise in emergency admissions is due to the improvement in survival rates at hospitals. This has led to a higher number of people being admitted for unplanned, emergency care for subsequent admissions.
  • Technological advancements and drug innovation resulting in minimal hospital stay are expected to restrain the infection prevention devices market. Infection prevention helps improve the mobility of patients, and has proven to be beneficial, owing to several features.
  • A visit to the hospital is mostly a last resort for patients, due to the costs associated with admittance. The opportunity for unrelated infections developing in hospitals and other healthcare facilities is high due to the invasive nature of several modern medical procedures.
  • The number of surgeries performed in recent decades has increased, exposing patients to infections at incision sites. Moreover, numerous diagnostic instruments and other medical devices are utilized in the treatment of diseases. It is more critical than ever for hospitals to ensure that infectious diseases do not spread.

Market Segmentation

By Product

  • Infection Prevention Supplies
    • General
    • Protective Apparel & Textiles
    • Disinfectants
    • Medical Gloves
  • Medical Waste Disposable Devices
    • Sterilization Products
  • Infection Prevention Equipment
    • Safety Enhanced Medical Devices

By End-User

  • Hospitals
  • Lifescience Industries
  • Clinical Laboratories
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Rest of South America
  • Middle East and Africa
    • South Africa
    • Rest of Middle East and Africa

Report Scope

The Infection prevention devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Infection prevention devices market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Infection prevention devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Infection prevention devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Infection prevention devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Infection prevention devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Infection prevention devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Infection prevention devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Infection prevention devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Infection prevention devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Infection prevention devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Infection prevention devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Infection prevention devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Infection prevention devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Infection prevention devices market. These factors have benefited the growth of the global market for Infection prevention devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Infection prevention devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Infection prevention devices are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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