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The global sterilants market is forecast to surpass the valuation of US$ 3.2 Bn by the end of 2031 projects ESOMAR-certified consulting firm Future Market Insights (FMI). Surging demand for sterilized medical equipments and rising inclination towards low-temperature sterilization are leading sterilants market driver.
A recent market study published by Future Market Insights (FMI) on the sterilants market includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as.
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DUBAI, U.A.E, May 24, 2021 /PRNewswire/ The global sterilants market is forecast to surpass the valuation of US$ 3.2 Bn by the end of 2031 projects ESOMAR-certified consulting firm Future Market Insights (FMI). Surging demand for sterilized medical equipments and rising inclination towards low-temperature sterilization are leading sterilants market drivers.
Hospitals are working tirelessly to avoid cross contamination by using sterilants wherever necessary, boosting the market demand. COVID-19 pandemic heightened the demand for hygienic environment to curb the transmission and control the virus outbreak. This created a surge in demand of sterilants from hospitals and clinics. Governments across the globe changed their approval policies for new product as a measure to combat the viral infection. Many market players are working towards developing aseptic and effective sterilants creating conducive environment for market growth.
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The global infection control market is projected to reach USD 52.7 billion by 2026 from USD 44.7 billion in 2021, at a CAGR of 3.4% during the forecast period.
Growth in the infection control market can largely be attributed to factors such as the high incidence of hospital-acquired infections; the increasing number of surgical procedures; the growing geriatric population and increasing incidence of chronic diseases; the growing focus on food sterilization and disinfection; technological advancements in sterilization equipment; and the increasing outsourcing of sterilization services among pharmaceutical companies, hospitals, and medical device manufacturers. Currently, with the surge in cases of COVID-19, there is an increasing focus on personal hygiene and increasing production of medical nonwovens and single-use products, such as face masks and gloves. This, in turn, is expected to propel market growth in