U.S. demand for infection prevention products & services to exceed $27 billion
U.S. demand for infection prevention products and services is forecast to expand 4.9 percent annually to $27.6 billion in 2020. Increasing pressures on hospitals and other healthcare facilities to decrease rates of healthcare-associated infections (HAIs) will boost revenues generated by infection prevention supplies, equipment, and services. Although declining, the overall rate of certain HAIs in hospitals is significantly above targeted levels set by the CDC. Recent statistics indicate that only 25 percent of acute care facilities meet established guidelines related to the incidence of catheter-associated urinary tract and central-line-associated blood stream infections. These and other trends are presented in Infection Prevention Products & Services, a new study from The Freedonia Group (freedoniagroup.com), a Cleveland-based industry research firm.
Demand for infection prevention supplies is projected to rise 4.7 percent annually to over $21 billion in 2020. Protective apparel and textiles will continue to account for the largest share of revenues as intensified efforts by hospitals and other medical providers to hold down the incidence of HAIs in patient care promote the increasing use of higher quality, barrier-enhanced products. Waste disposal containers and accessories will post the fastest growth in demand among infection prevention supplies, spurred by the upgrading of infectious waste collection and processing sites in healthcare and life science facilities.