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The Global Disinfection Cap Market size was valued at USD 312.65 million in 2019 and is projected to grow at a CAGR of 3.97% during the forecast period. Disinfection cap are used for cleaning of used catheter hub and it is left inside the cap while the hub is not used as it maintains needless connector hygienic by creating physical and chemical barrier between the connector and potential impurities.
Factors like increasing number of hospitals, high demand for the parenteral nutrition, replenishment through the parenteral route of administration, and decontamination of IV connectors used to supply nutrition all over the world are the factor expected to drive the demand for the disinfection cap during the forecast period.
Key Factors Impacting the Growth of Disinfection Cap Market:
However, the high price of treatment and lack of awareness about using disinfection caps in underdeveloped and developing region is expected to obstruct the market growth during the forecast period.
Increasing awareness about home cleanliness among people and increase in recommending usage of disinfectant solutions is expected to offer promising growth opportunities for the global disinfection cap market during the forecast period.
The disinfection cap market segmentation is based on distributors, end-use, and region.
Distributors Outlook:
On the basis of distributors, the global disinfection cap market is bifurcated into retail and non-retail. Non retail segment with being the conventional form of distribution and tendency of hospitals and clinics to have long-term contracts and tie-ups with the manufacturers and distributors is expected to maintain its dominance in global disinfection cap market during the forecast period. However, the increasing tendency to buy products from retail store is expected to drive the retail segment growth during the forecast period.
End-Use Outlook:
On the basis of end-use, the global disinfection cap market is divided into hospitals, clinics, and others. Factors like higher number of incidences of hospital-acquired infections, rising awareness about proper disinfectants in preventing transmission of infections and increasing healthcare investments are expected to drive the dominance of hospital end use sector in global disinfection cap market during the forecast period.
Regional Outlook:
Based on the region, the global disinfection cap market has been segmented by North America, Europe, Asia Pacific, Middle East & Africa, South America. North America with high number of healthcare workers and high number of surgeries being performed held the largest market share in the global disinfection cap market in 2018.
Increasing awareness about home cleanliness, healthcare-associated infections, food poisoning, cholera, and typhoid fever in Asia Pacific region is expected to drive the region to register height growth rate in disinfection cap market during the forecast period.
The report analyzes factors affecting the Disinfection cap market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the Disinfection cap market for all six regions namely; North America, Europe, Asia Pacific, Middle East & Africa, South America.
Competitive Landscape
Major firms focusing on making efforts to enter into untapped markets in Asia Pacific, thereby expanding the market scope and partnerships or collaborations to increase their respective market share in the global disinfection cap market during the forecast period. Major companies in the market include BD, 3M, ICU Medical, Merit Medical, B. Braun Melsungen AG. and among others.
This report also includes the profiles of key Disinfection cap market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.
Key Developments in Disinfection Cap Market:
What Does This Report Provide?
This report provides a detailed understanding of the global disinfection cap market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
Market Segmentation:
By Distributors:
By End Use:
By Region:
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