Luxembourg 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 : KSI061613376
  • Pages : 75

The Luxembourg infection control market is valued at US$11.784 million in 2020 and is projected to grow at a CAGR of 5.82% to reach a market value of US$17.504 million by 2027.

In the arena of healthcare, the residents, in general, may not be at risk. However, there is a proportion of the population that indulges in binge drinking, leading to obesity rates close to that of the European Union.

High health spending and appropriate government responses to health challenges

Health spending in Luxembourg is among the highest in per capita terms among the countries of the European Union of which most of the health expenditure is borne by the government. Furthermore, despite access to healthcare being good, there is a concern about overgrowing costs, with efforts to improve efficiency. Governance arrangements seem to respond to health challenges appropriately, albeit with a certain scope for systematic performance assessment.

Prevalence of multiple diseases

Further, on the disease front, despite a notable improvement regarding the prevalence of cardiovascular diseases, it is one of the prime reasons for mortality. Besides, lung cancer, along with ischemic and other heart diseases, is also responsible for deaths. Moreover, due to the rise in the ageing population. Further, the other major impact of cardiovascular diseases is musculoskeletal problems that are inclusive of low back and neck pain. There are also problems with chronic depression, asthma, and hypertension.

Increased frequency of alcohol tourism and accidents

Furthermore, due to Luxembourg being a coveted destination for alcohol tourism, it leads to quite a number of road accidents, in response to which the government of Luxembourg invests in various awareness campaigns along with the implementation of an injury surveillance system [ Source: Luxembourg: Country Health Profile 2017, State of Health in the EU, OECD Publishing, Paris/European Observatory on Health Systems and Policies, Brussels]. Further as of 2017, the average length of stay in hospitals is 7.4 days [Source: 2018 Organization for Economic Co-operation and Development].

Due to behavioural risk factors and the growing elderly population, hospital visits may increase during the forecast period. Therefore, the aforementioned maladies, along with burgeoning expenses that are borne by the government to extend various healthcare offerings, will require further investments in infection control products to prevent any healthcare-associated infection (HCAI). As a result, the infection control market in Luxembourg is expanding.

The other aspect that is going to influence the infection control market in Luxembourg is the growth of the tourism sector which is augmented by various consumer preferences when it comes to the various offerings of the sector. 

Participation in business tourism increased from 34.7% in 2016 to 35.4% in 2018. Further, compared to 2017, putting up at hotels increased from 46.5% in 2017 to 47.8% in 2018 and there was a marginal increase to 10.6% in 2018 from 10.1% in 2017 with regards to putting up at homestays. Moreover, the most preferred means of transport to reach the destination of the leisure trip was a personal vehicle, which increased from 47.5% in 2017 to 49.8% in 2018. Moreover, albeit marginal the average duration of leisure trips increased to 12.3 nights in 2018 from 11.8 in 2017. Further, the duration of leisure trips comprising of 3 nights increased to 38.1% in 2018 from 36.4% in 2017 [ Source: STATEC, Luxembourg]. 

Therefore, by the increments, it is discerned with certitude that there is a growing number of visits to the country as well as increasing interest of consumers to avail more options irrespective of the nature of the travel (business or leisure). To provide a smooth and memorable experience, all the stakeholders involved in the food and beverage segment need to adhere to the strictest standards of hygiene to prevent any sort of discomfort to their consumers, while simultaneously upholding their brand image and preventing any possible loss in revenue. Therefore, increased investment in infection prevention products and solutions is expected which in turn is projected to fuel the growth of the infection control market.

Key Developments

  • July 2021: According to the Hygiene & Safety Concept 2021/2022 Report by the International School of Luxembourg (ISL), the school implemented its plans on safety and hygiene effective from August 2021. As per the plan, disinfection spray stations will be available at all entrances and exits along with certain areas like the cafeteria, classrooms, and bathrooms. Individual disinfection kits consisting of spray bottles, disinfection wipes, and gloves among other similar infection-control objects will be available to all the staff members.
  • February 2021:  As per the press release by European Commission, 29 disinfection robots are deployed to hospitals in various European countries including Luxembourg. In total, a sum of EUR 200 million is available from the Emergency Support Instrument to purchase 200 robots.

Impact of the COVID-19 pandemic

The impact of the novel coronavirus pandemic on Luxembourg’s infection control market was on a positive scale. Healthcare facilities all over the country witnessed an increase in coronavirus patients which led to an increased need and demand for infection control products, thereby increasing the overall market growth. As per the European Social Charter published by the European Committee of Social Rights in March 2022, the committee asked state parties in Luxembourg to take adequate measures like the provision of disinfectants to reduce the spread of coronavirus among the population during the pandemic.

Segmentation

  • By Product
    • Disinfectants
    • 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. Porter’s 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. Luxembourg 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. Luxembourg Infection Control Market By End-User Industry
6.1. Introduction
6.2. Healthcare
6.3. Food and Beverage
6.4. Chemical

7. Competitive Intelligence
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. Companies Mentioned
8.1. Getinge AB    
8.2. MELAG Medizintechnik GmbH & Co. KG 
8.3. Miele     
8.4. MMM Group    
8.5. STEELCO BENELUX BV (Steelco S.p.A.)

Getinge AB   

MELAG Medizintechnik GmbH & Co. KG

Miele    

MMM Group   

STEELCO BENELUX BV (Steelco S.p.A.)