With the Americas dominating the market, The Global Infection Prevention and Control market is expected to witness moderate growth registering CAGR of 7.47 percent during the forecast period of 2014-2018.
London, 31 July 2014: TechNavio, an independent tech-focused global research firm, reports that growth in the Global Infection Prevention and Control Market is predominantly driven by an increase in the incidences of healthcare-associated infections. The rate of infections is expected to surge in tandem with growing patient admittance in hospitals. The Global Infection Prevention and Control market is expected to witness moderate growth and post a CAGR of 7.47 percent from 2014-2018.
The growth in surgical processes, government healthcare guidelines, and augmented requirements in the Food Sterilization market are expected to drive the market during the forecast period.
Increased Application of Sterilization Services
One of the most significant trends in the Global Infection Prevention and Control market is the increase in contract sterilization services. The changing dynamics of healthcare regulations, economic fluctuations, and the cost-control strategies of many medical device manufacturers, pharmaceutical product manufacturers and other life science product manufacturers have led to the outsourcing of their activities to third-party agencies or contract sterilization service providers. This trend is expected to continue during the forecast period.
“According to Centers for Disease Control (CDC) regulations, hospitals need to follow appropriate measures to decrease the incidence of healthcare-associated infections. Thus, the market will witness growth owing to the high demand of sterilization equipment and contract sterilization services,” says Faisal Ghaus, Vice President of TechNavio.
Key Vendors
- Belimed AG
- Ethicon Inc.
- Getinge AB
- STERIS Corp.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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