Argentina Infection Control Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (Disinfectants, Sterilization (Low-Temperature Sterilization, Heat Sterilization, Contract Sterilization)), By End User Industry (Healthcare, Food And Beverage, Chemical) - Forecasts From 2022 To 2027

The Argentina infection control market is projected to grow at a compound annual growth rate of 9.83% over the forecast period to attain a market size of US$335.845 million in 2027, from US$174.184 million in 2020.  Being an upper-middle-class country with a population of 44 million, in which a major portion lives in large cities [source: Instituto Nacional de Estadstica y Censos (INDEC)], non-communicable diseases account for a majority of the disease burden. Further, despite the economic recovery of Argentina during the past few decades, 30% of the population is under the poverty line and approximately 16 million people (36%) rely completely on each province's or district's public health system and do not have insurance [source: Instituto Nacional de Estadstica y Censos (INDEC)]. Additionally, all Argentine residents and citizens, including international visitors or workers, are entitled to free medical treatment. Additionally, people with insurance who require more intricate and costly diagnostic or therapeutic procedures occasionally visit public hospitals.  [Source: World Bank. Argentina is attempting to reform its health insurance system]. Thus, from the above, it is evident that the public healthcare system has to cater to a varied group of healthcare recipients and has to bear the cost for the most part. Furthermore, with a per capita health expenditure of USD 1,390, it is among the top healthcare spenders in Latin America.  [Source: World Health Organization. Global health expenditure database]. As a result of the Argentina health care system’s imperative to invest in products that aid in prevention as well as facilitate holistic control over the infection and deter further deterioration of health, and the fact that it is at the forefront of the South American region’s per capita health care spending, over the forecast period, the Argentina infection market is anticipated to increase exponentially.

The other factor is the gradual increase of the elderly population due to their increasing comorbid conditions and the decreasing immune system, which is also set to drive the growth of the infection control market in Argentina. Additionally, due to their prolonged stay in hospitals and adult centres, they are all the more susceptible to contracting hospital-acquired infections (HAI). In this regard, the need for infection control products is inseverable. Additionally, there are standards and procedures that private establishments pertaining to healthcare have in place as part of their standard operating procedures. This further necessitates the requirement of a variety of infection control products, further leading to the growth of the Argentina infection control market during the forecast period. These requirements, when combined with continuous investments in research, development, and innovation by major players, pave the way for the products’ demand to be sustained, resulting in the rapid growth of the Argentina Infection Control Market.

Key Development:

• Gunnebo announces the launch of infection control H-Sense gates to stop COVID-19 at the door. The new H-Sense range offers three levels of protection—Body temp detection, hygienic mask detection and An automatic gel dispenser.

COVID-19 SCENARIO

The pandemic of COVID-19 had a huge impact on the Argentina infection control market. The pandemic has caused havoc on healthcare systems around the world, with hospitals becoming overcrowded as the number of patients climbs. Temporary hospitals are being built to handle the influx of cases. The spread of COVID-19 has caused a boom in demand for cleaning and disinfection products because of the heightened awareness about cleanliness, health, and safety. However, it is anticipated that the infection control business will suffer severely in the post-COVID situation.

Argentina Infection Control Market Scope:

Segmentation

• By Product
  • Disinfectants
  • Sterilization
    • Low-Temperature Sterilization
    • Heat Sterilization
    • Contract Sterilization
• By End User Industry
  • Healthcare
  • Food and Beverage
  • Chemical