Colombia 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

  • Published : Aug 2022
  • Report Code : KSI061613394
  • Pages : 90

 The Colombia infection control market is projected to grow at a compound annual growth rate of 3.37% over the forecast period to attain a market size of US$128.969 million in 2027, from US$102.253 million in 2020. WHO estimates that the healthcare system is ranked 22 out of the 191 countries. Hence, owing to the presence of some of Latin America’s top hospitals, the country holds a strong market potential for selling infection control products required for offering quality services to the patients in the forecast period. Additionally, these outstanding hospitals and clinics offer a range of services, including routine visits to test various complicated procedures, including joint replacements, organ transplants, ICU services, and cancer treatment. The country's well-established medical tourism sector is boosting market demand during the anticipated period. The expansion of dental infection control products in Columbia is further fueled by American tourists who travel there for dental operations.

The incidence and prevalence of cancer in Colombia, leading to cancer treatment, drive the market demand in the forecast period.

According to the International Agency for Research on Cancer Observatory, due to the population aging, there are novel cases of cancer’s excluding non-melanoma skin cancer, which are estimated to surge in the next decade from around 101,893 every year in 2018 to reach an estimated size of around 136,246 by 2040. This increase in the cancer patient population will further result in a growing demand for infection control products at home or in the hospital facility where the cancer patient’s treatment will be carried out. It has been noticed that, despite the reduced survival, a five-year prevalence of all the cancer types was recorded as 466.4 per 100,000 in 2018 against the 230,726 typical instances (source: Global Cancer Observatory of the International Agency for Research on Cancer).The reduction in survival was attributed to the low progress in early cancer detection and, hence, lacking in a lack of giving proper treatment on time. However, despite all these factors contributing to a reduction in cancer survival, the market for infection control will still increase in the forecast period. This is because a higher number of cancer patient visits to their respective oncologists continues to grow at the beginning of the treatment and the advanced cancer stages. Hence, in Columbia, a high proportion of patients in their advanced stages of cancer is estimated to propel market growth in the forecast period.

The demand for Low-cost dental services in Columbia is a burgeoning market demand in the forecast period.

As a result of rising medical tourism in the country, the dentists in Columbia offer exceptional dental services at a lower price than in the United States. Big cities have a provision of English-speaking dentists providing dental services, ranging from simple cleaning procedures and teeth whitening to more sophisticated treatment procedures, including root canals, crowning, implants, and orthodontics. A routine ultrasonic dental cleaning costs around $30, and teeth whitening costs around $150, compared to USD600 in the United States. The cost of a routine ultrasonic dental cleaning is around USD30 dollars, and the teeth whitening costs around USD150 compared to USD600 in the United States. Hence, this will further increase the sale of dental infection control commodities, further propagating the market growth in the country during the forecast period.

COVID-19 SCENARIO.

The Colombian market for infection prevention benefited from the COVID-19 pandemic. The demand for infection control goods like hand sanitizers and surgical masks increased as the number of COVID-19-infected cases increased globally, impacting not just the healthcare industry but also other industries. The abrupt coronavirus outbreak caused a jump in demand for infection control solutions. The outbreak caused a greater emphasis to be placed on research and development activities in the pharmaceutical industry and the life sciences. In order to maintain the products, research tools, and general research environment safe and free from contamination, the demand for infection control products increased as a result of the increase in total research activity. Given the mutant COVID-19 variations and ongoing initiatives by both public and commercial entities to stop the disease's transmission, demand for infection control solutions will keep increasing in the upcoming years.

Colombia Infection Control Market Scope:

Report Metric Details
 Market Size Value in 2020  US$102.253 million
 Market Size Value in 2027  US$128.969 million
 Growth Rate  CAGR of 3.37% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Product, And End User Industry
 Companies Covered 3M, Medtronic, Drägerwerk AG & Co. KGaA, B. Braun Melsungen AG, GV Health Ltd
 Customization Scope  Free report customization with purchase

 

Segmentation:

  • By Product
    • Disinfectant
    • Sterilization
      • Low temperature Sterilization
      • Heat Sterilization
      • Contract Sterilization
  • By End User Industry
    • Healthcare
    • Food and Beverage
    • Chemical

1. Introduction
1.1.  Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2.  Research Methodology
2.1.  Research Data
2.2.  Assumptions

3.  Executive Summary
3.1.  Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4.  Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Colombia Infection Control Market by Product
5.1.  Introduction
5.2. Disinfectant
5.3. Sterilization 
5.3.1.  Low-Temperature Sterilization
5.3.2.  Heat Sterilization
5.3.3. Contact Sterilization

6. Colombia Infection Control Market by End-User Industry
6.1. Introduction
6.2. Healthcare
6.3. Food and Beverage
6.4. Chemical

7. Competitive Environment and Analysis
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3.  Mergers, Acquisitions, Agreements, and Collaborations
7.4.  Vendor Competitiveness Matrix 

8. Company Profiles 
8.1. 3M
8.2. Medtronic
8.3. Drägerwerk AG & Co. KGaA
8.4. B. Braun Melsungen AG
8.5. GV Health Ltd

3M

Medtronic

Drägerwerk AG & Co. KGaA

B. Braun Melsungen AG

GV Health Ltd