Infection Prevention Product and Services – Requisite to Meet the Pandemic Response
The infection prevention products and services refer to those products or services that are highly being adopted nowadays for reducing the risk of the spread of various types of communicable diseases through human-to-human transmission. Especially, at this time of the pandemic in which the whole world is suffering from the outbreak of the novel-coronavirus disease. Furthermore, the high prevalence of healthcare-associated infections is also one of the key factors driving the demand for various types of infection prevention products such as gloves, masks, sanitizers, and gowns among others, thereby positively impacting the market growth during the next five years. For instance, according to the estimates by the World Health Organization, one out of ten patient that get an infection while receiving healthcare. Also, effective infection prevention and control further reduce the risk of healthcare-associated infections by around 30% (Source: The World Health Organization), this in turn is providing ample of opportunities for the market to surge during the next five years. Furthermore, the updated guidelines by the World Health Organization in the year 2018, regarding the prevention of surgical site infections is also anticipated to propel the adoption of various infection prevention services and products during the next five years.
The outbreak of coronavirus disease is shaping up the market growth
The major factor which is augmenting the market global infection prevention product and services market growth during the short run is the global pandemic of the deadly coronavirus disease that has rapidly boosted the adoption of numerous infection prevention products that includes gloves, masks, protective apparels, and disinfectants among others. This virus outbreak has already been declared a pandemic by the World Health Organization and is also said to be highly difficult to contain that can be backed up by the number of positive cases throughout the globe which has shown an exponential increase during the past six months. As per the COVID-19 situation reports by the World Health Organization, the total positive cases were around 11,953 as per the Situation Report on 1st February 2020 and the number of cases reached 6,416,828 by the month of June according to the situation report of 4th June 2020. This can be clearly seen that the curve has not flattened yet though after the struggling efforts made by the governments of various developed countries despite the focused efforts made by them. The strict regulations implemented by governments such as social distancing and quarantined measures. Additionally, the strict directives by the governments regarding the use of PPE kits, disinfectants, and sanitizers is also anticipated to drive the demand throughout the year 2020. Moreover, the booming requirements across the various sectors have also led towards the ramp-up in the manufacturing activities by the key players of the market. The estimates by the World Health Organization states that around 89 million medical masks, 76 million examination gloves, and more than 1.6 million goggles are required each month globally for meeting the response of this disease. The WHO also states that the companies operating under this market must ramp up production by at least 40% to meet the globally growing demand.
Also, these products and services are also expected to become part of people’s lifestyles hereafter, as people begin to realize the benefits these offer for a price so low. This is expected to continue boosting the market growth throughout the projected period.
Geographically, the global infection prevention product and services market has been classified into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The North American region is anticipated to hold a decent market share on account of the presence of state-of-art healthcare infrastructure in countries like the United States and Canada among others. Furthermore, the presence of key market players in the region is further supplementing the market growth throughout the forecast period. The growth in the number of surgeries along with strict guidelines by the U.S Department of Health and Human Services is further propelling the adoption of various products and services to minimize the risk of healthcare-associated infections is also bolstering the market growth in the region during the coming years. The market in the Asia Pacific region is projected to witness a rapid growth primarily on account of the outbreak of COVID-19 from its epicenter in Wuhan, China. The growing concerns regarding the spread of the disease have led to the booming usage of various products that include sanitizers, gloves, disinfectants, and masks among others. Also, enforcement of various regulations by the governments of countries like India and China regarding proper sanitization of public places, use of PPE kits and masks by the general public for mitigating the risk of spread is further amplifying the market growth in the APAC region, especially during the short run. Additionally, the booming investments by companies to ramp up their production capabilities to meet the globally growing demand further shows the potential for the market to grow at a rapid pace during the next six to eight months. For instance, recently in 2020, Honeywell International announced its plan to boost the production of N95 masks to meet the response of the growing demand. Similarly, 3M also announced to double the production capacity of masks as the global demand is increasing in the month of March.
ABOUT THE AUTHOR:
Rachit Gulati is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from automation to food and beverages, with a special knack for automotive and healthcare. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.
