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According to the infection control and biosafety products market analysis, research analysts at Technavio predict that this market will grow steadily over the next four years and post a CAGR of more than 4% by 2021. This market research analysis identifies the growing disposable income and healthcare spending as one of the key growth factors for the infection control and biosafety products market. The recent years have witnessed a growth in the number of illness affecting people, thereby creating an exigency for adequate precaution. Owing to a substantial rise in the disposable income among consumers, the market for infection control and biosafety products will witness a growth in the spending patterns. Moreover, the growing awareness about the harmful effects of illness that is compeling consumers to take necessary precautions in advance before the outbreak of the illness, will also fuel the market’s growth.
In addition to the rise in the disposable income and healthcare spending, the increased awareness of sanitation and hygiene will further contribute to the growth of the infection control and biosafety products market. Various prominent vendors are conducting campaigns and promotional activities to educate individuals about hygiene. Also, vendors in the market also leverage the use of social media platforms such as Facebook, Instagram, YouTube, and Twitter to effectively educate people on the need for health and hygiene.
The infection control and biosafety products market is highly competitive with the presence of well-established players. To retain their market presence, regional vendors in the market are competing on factors such as quality, pricing, market reach, and financial resources. In the coming years, the biosafety and infection control market will also witness the entry of new players that will intensify the market’s competitive environment.
The leading vendors in the market are –
The other prominent vendors in the market are ABC Compounding, American Biotech Labs, Baxter, Bio-Cide International, CareFusion (BD), Ecolab, HEMCO Corporation, Kewaunee, Labconco, Metrex Research, The Baker Company, The Clorox Company, and Terra Universal.
During 2016, the infection control products segment dominated the infection control and biosafety products market. The demand for infection control products for various domestic and commercial purposes fuels the growth of this market segment. The low-level disinfectants find their significance in applications such as floor cleaning, whereas, chlorine and chemical compounds are used as disinfectants in biosafety laboratories, especially in water treatment.
The Americas accounted for the major share of the infection control and biosafety products market during 2016. The US dominated the market in the region and this mainly attributed to the favorable market conditions. Factors such as high disposable income and the availability of well-developed healthcare facilities, will spur the growth of the biosafety and infection control market in the Americas.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by products
PART 07: Geographical segmentation
PART 08: Market segmentation by end-user
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Tags: health and hygiene, lab equipment, lab instruments, laboratory equipment suppliers, health and wellness market analyst, health and wellness industry size,
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