Research Nester released a report titled “Instrument Infection Control Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global instrument infection control market in terms of market segmentation by product, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for instrument infection control is projected to obtain a CAGR of 6.38% during the forecast period, i.e., 2020-2027. The market is segmented by product, by end user and by region, out of which, the product segment is further segmented into cleaning, disinfection and sterilization. The sterilization segment is estimated to grow at the highest rate over the forecast period on account of higher efficacy of this method over others. Radiation sterilization methods that use advanced technology such as electron-beam sterilization and gamma ray sterilization are highly being preferred over other conventional methods.
Geographically, the global instrument infection control market is segmented into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. Out of these, the market in North America is estimated to hold the largest share in the market on account of rising government and private funding in this region, mainly in the U.S. The market in Asia Pacific is predicted to grow at the highest rate during the forecast period as a result of growing awareness among the population about the risks of infections arising due to contaminated surgical and other medical instruments.
Rising Hospital-Acquired Infections to Boost the Growth of Market
The growing patient population in hospitals gives rise to the usage of various instruments for treatment which might spread infectious diseases among the patients. In order to prevent such hospital-acquired infections, the demand for infection control procedure, including cleaning, disinfection and sterilization, increases and is thus anticipated to raise the market growth in the upcoming years. Moreover, the advancements in technology resulting in better performance of the equipment lead to a higher demand for sterilization and disinfectant methods. However, the drawbacks of certain sterilization methods are estimated to hamper the market growth. For instance, thermo stable products are required for heat sterilization as the process involves the use of high temperature that cannot be handled by every instrument.
This report also provides the existing competitive scenario of some of the key players of the global instrument infection control market which includes company profiling of 3M (MMM), Getinge (GETI-B), Steris (STE), Belimed, Cantel (CMD), Matachana, MMM Group and Steelco. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global instrument infection control market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.