The Singapore infection control market is projected to grow at a compound annual growth rate of 10.87% over the forecast period to attain a market size of US$77.644 million in 2027, from US$37.717 million in 2020.
One of the major driving forces behind the growth of the infection control market in Singapore is the booming tourism industry. To this end, it is important to note that from January to September 2019, international visitors’ arrival increased by 2.1 percent over the same period last year to reach 14.3 million visitors. Gazetted hotel room revenue for January to September 2019 was estimated at $3.1 billion, a year-on-year growth of 3.4 percent. Average Occupancy Rate (AOR) and Average Room Rate (ARR) held steady at 87.2 percent and S$219, respectively, while Revenue Per Available Room (RevPAR) rose slightly by 1.0 percent to reach S$191.markets accounted for 55 percent of total IVA from January to September 2019 are China (2.8 million), Indonesia (2.3 million), India (1.1 million), Malaysia (0.9 million), and Australia (0.8 million). Hotel room revenue was estimated to be $3.1 billion from January to September 2019, a 3.4 percent increase year on year. Revenue Per Available Room (RevPAR) increased slightly by 1.0 percent to S $191, 87.2 percent, and S $219, respectively. China (2.8 million), Indonesia (2.3 million), India (1.1 million), Malaysia (0.9 million), and Australia (0.8 million) accounted for 55% of total IVA from January to September 2019. These markets were also Singapore’s top 5 international visitor-generating markets in 2019. From the perspective of the hotel industry, Gazetted hotel room revenue for Q3 2019 came in at an estimated S$1.1 billion, a growth of 6.4 percent year on year. The average Occupancy Rate (AOR) was at 91.2 percent in Q3 2019, a 1.5 percentage point increase compared to the same quarter last year. Average Room Rate (ARR) grew by 2.5 percent to S$226, and Revenue per Available Room (RevPAR) also rose by 4.2 percent year-on-year to S$206 in Q3 2019. Hotel room revenue for the third quarter of 2019 was estimated to be S $1.1 billion, a 6.4 percent increase year on year. The average occupancy rate (AOR) in Q3 2019 was 91.2 percent, a 1.5 percentage point increase over the same quarter last year. In Q3 2019, the average room rate (ARR) increased by 2.5 percent to S $226; revenue per available room (RevPAR) increased by 4.2 percent to S $206 year on year. [Source: Department of Statistics, Government of Singapore].
Further, tourism receipts for food and beverage sales amounted to 2,593 million dollars in 2018. adhere strictly to the practises and procedures for infection control. resulting in an increase in demand for a range of goods that make up Singapore's infection control market and stringent adherence to infection control methods and procedures. Resulting in an increase in demand for a range of goods that make up Singapore's infection control market.
The market for chemicals and chemical products is another element that is anticipated to fuel the market for infection prevention. On a different note, chemical sterilization is the method that is mostly implemented when it comes to devices that are sensitive to high heat, irradiation, or ultra-low temperatures. Therefore, chemical sterilization is best suited for reusable devices that are a staple in emergency services such as paramedics and hospitals. To this extent, it may be noted that during 2019, the exports of the chemical and chemical products industry the same was were to the tune of S$ 74.8 billion, while the imports of the same being were to the tune of S$ 40.8 billion. This section was also a constituent of the top 3 commodity sections under the non-oil domestic exports and reexports.
Key Developments:
COVID-19 SCENARIO
The pandemic of COVID-19 had a positive impact on Singapore's 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.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2020 | US$37.717 million |
| Market Size Value in 2027 | US$77.644 million |
| Growth Rate | CAGR of 10.87% from 2020 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Product And End User Industry |
| Regions Covered | Maharashtra, Gujarat, Delhi, Tamil Naidu, Karnataka, Others |
| Companies Covered | 3M, MEDIVATORS Inc. (Cantel Medical Asia/Pacific Pte Ltd), Miele, Reckitt Benckiser (Singapore) Pte Ltd (Reckitt Benckiser Group plc), Tuttnauer |
| Customization Scope | Free report customization with purchase |
Segmentation: