How much will the Disinfection Cap industry be worth in the Future????



The global disinfection cap market size is expected to reach USD 397.9 million by 2027, expanding at a CAGR of 3.7%, according to a new report by Grand View Research, Inc. Increasing prevalence of hospital acquired diseases and rising hospital admissions are the key driving factors for the market. Hospital-acquired Infections (HAIs), also known as nosocomial infections, are primarily found in patients receiving long-term treatment, especially surgical treatment. It can occur in hospitals, surgical centers, clinics, ambulatory surgical centers, and long-term care facilities such as rehabilitation facilities and nursing homes.
The rising demand for sanitizing and disinfecting, as a preventive measure for Covid-19, has resulted in the changing dynamics of these market spaces. Various antimicrobial products are being stockpiled as regular household goods. We are working to account for this surge in our estimates. The updated report will account for Covid-19 as a key market contributor. We are working to account for this surge in our estimates. The updated report will account for Covid-19 as a key market contributor.
Generally, children, geriatric populations, and patients with low immunity are prone to HAIs. Factors such as use of indwelling catheters, lack of proper hygiene in the healthcare setting, and excessive use of antibiotics can increase the risk of HAIs in patients. Increasing cases of HAIs due to lack of sanitation and precaution is a key factor anticipated to propel the growth of the market for disinfection caps over the forecast period. According to a CDC report in 2018, around 1.7 million cases of HAIs and around 99,000 associated deaths are reported each year in American hospitals.
As per a report published by European Centre for Disease Prevention and Control (ECDC) in 2018, prevalence of HAIs in European countries was around 7.1%. It also reported that around 4,131,000 patients suffer from HAIs in Europe each year. Such cases are expected to increase the demand for disinfection caps. It is used to disinfect IV connectors and eliminate bacteria and other microorganisms. Such solutions are required in hospitals to maintain proper hygiene and sanitation, thereby lowering the risk of HAIs, which is anticipated to propel market growth over the forecast period.
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https://www.grandviewresearch.com/industry-analysis/disinfection-cap-market/request/rs1
Further key findings from the report suggest:
·         In terms of revenue, the non-retail segment held the largest market share in 2020. Hospitals and clinics, generally, have tie-ups with the manufacturers for purchasing the products
·         The hospital segment held the largest market share in 2020 and is expected to witness the fastest growth over the forecast period due to the increasing incidences of hospital acquired infections
·         In Asia Pacific, the disinfection cap market is expected to witness the fastest growth over the forecast period owing to the rising prevalence of cardiovascular, neurology, and urology disorders
·         Prominent key players present in market are BD, 3M, ICU Medical, Merit Medical, and B. Braun Melsungen AG.
The global disinfection cap market size was valued at USD 298.3 million in 2020 and is expected to witness a CAGR of 3.7% over the forecast period. The demand for disinfection caps is increasing owing to the technological advancements, stringent regulations for safe injection practices, and rising prevalence of hospital acquired infections across the globe.
Disinfection caps are utilized to clean a used catheter hub and it is left inside the cap while the hub is not used. It keeps the needless connector clean by creating physical and chemical barrier between the connector and potential contaminants. Technological advancements are anticipated to boost the growth of the market for disinfection caps over the forecast period.
Increasing prevalence of chronic conditions, such as cancer, positively impacts the use of parenteral nutrition across the country. Parenteral nutrition helps in the administration of vital nutrients, which help in maintaining strength, energy, and hydration level in patients suffering from a disease. According to statistics published by WHO, around 8.2 million deaths occur every year due to cancer, accounting for 13.0% of the deaths worldwide. Moreover, the proportion of cancer cases is estimated to increase by 70.0% over the next couple of decades. Increasing prevalence of cancer is a high impact-rendering driver for the market for disinfection caps as they are used in the decontamination of IV connectors used to supply nutrition.
Cancer generally leads to a rise in the incidence of stomach ulcers, disturbance in the normal functioning of the GI tract, and development of physical obstructions, thereby resulting in an increased requirement for parenteral nutrition. Moreover, cancer therapies further weaken the human body and deprive it of nutrients to an extent that it may prove to be fatal. In addition, a common symptom associated with cancer is anorexia or unintentional weight loss requiring replenishment through the parenteral route of administration. Thus, such factors are anticipated to boost the market over the forecast period.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-disinfection-cap-market
Grand View Research has segmented the global disinfection cap market report on the basis of distributors, end use:
Disinfection Caps Distributors Outlook (Revenue, USD Million, 2016 - 2027)
·         Retail
·         Non-retail
Disinfection Caps End-use Outlook (Revenue, USD Million, 2016 - 2027)
·         Hospitals
·         Clinics
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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