Infection Prevention Products and Services forecast for 2011 to 2016
Released on: March 21, 2008, 4:25 am
Press Release Author: Bharat Book Bureau
Industry: Healthcare
Press Release Summary: US demand for infection prevention products and services is forecast to rise 4.0 percent annually to $15.6 billion in 2011. Mandatory state reporting requirements along with recommendations developed by the AORN, CDC, FDA, OSHA and JCAHO will lead to a widespread upgrading of infection prevention safeguards throughout the health care and life science sectors. Although long recognized as a problem, the transmission of disease-causing pathogens during patient procedures persists through the health care community. These failures are attributable directly to cost containment pressures that have discouraged facilities from elevating infection prevention to a major departmental function.
Press Release Body: Advances in biotechnology are boosting opportunities for infection prevention products and services in life science markets. Stringent safety and containment standards related to the handling and processing of genetically modified microorganisms and other biologicals are spurring demand for products in medical laboratories. The persisting threat of bioterrorism is also creating an emerging infection prevention market in the area of homeland security. Revenues for infection prevention products and services are also benefiting from expanding applications in the manufacturing and quality assurance of pharmaceuticals and medical devices.
Although projected for expanded usage in health care and life science sectors, most infection prevention consumables and disposables will continue to lack pricing flexibility due to multiple supplier competition and limited opportunities for product differentiation. Bid contracts with centralized purchasing departments or buying groups will remain the primary method of sales to hospitals and other large customers. Surgical drapes and gowns, is infectants, medical and laboratory gloves, face masks and sterilization supplies will continue to comprise the top selling groups of infection prevention consumables and disposables because of the critical nature of applications served. Revenues for contract sterilization and medical waste disposal services will also continue to expand favorably based on cost efficiency and convenience advantages offered to hospitals and medical product manufacturers. and upward trends in surgery and other direct contact medical and dental procedures. Sales of infection prevention equipment will expand at a comparatively slow pace due to the widespread availability of used, refurbished systems and decelerating growth in the number of newly constructed end-user facilities.
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