South Korea 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 South Korean infection control market is projected to grow at a CAGR of 8.26% during the forecast period to reach a market value of US$606.346 million by 2027. The market was valued at US$347.795 million in 2020.

The incidence of diseases acquired during the use of healthcare facilities such as hospitals, research labs, and other healthcare facilities has increased over the past few years and resulted in an increase in the concerns among healthcare professionals, hospitals, among other end-user industries to undertake significant steps. This is being done to effectively mitigate the risk of these diseases by using methods such as continuous and cyclic disinfection of the surroundings and sterilizing instruments and other operative equipment. This increased the demand for infection control solutions and products and augmented market growth over the forecast period.

 The market is being driven by the increasing elderly population.

The market is being driven by the increasing elderly population. Additionally, the incidence of problems and infections has increased among the geriatric population, mainly because older people have decreased immunity and are more prone to contracting diseases due to contact with infected surfaces, instruments, or surroundings. This factor has resulted in the adoption of stricter measures in hospitals, so the demand for infection control has increased, further contributing to the market growth.

Emerging partnerships amongst market players are further driving the market.

Additionally, market participants are more frequently engaging in collaboration agreements to strengthen their position in the infection control sector and to encourage the use of infection control solutions by launching new products. For instance, in November 2019, Novareus, a company that specializes in patented medical-grade air disinfection systems based in Ireland, announced that they had partnered up with Gatevison, a company dealing in the provision of high-end imported technologies.

 Under this partnership agreement, the disinfection solutions will be sold to the consumer and the non-medical space in the South Korean market to provide cleaner air in hospitals and homes. This disinfection product uses advanced technology, a plasma technology patented by Novareus, and was found to be effective in different lab trials, under different conditions, and in various situations. This disinfection product employs advanced technology, specifically a plasma technology that has been patented by Novareus and proven effective in various lab trials, under various conditions, and in various situations.

Increasing usage in the healthcare industry

The healthcare industry requires the utmost cleanliness in a germ-free environment to prevent the spread of infections to other admitted patients and to control the infection effectively. Different techniques are used in this process, such as disinfection and sterilization. The healthcare industry is expected to hold a considerable share over the forecast period owing to the increasing cases of disease spread of diseases due to the lack of hospitals, healthcare facilities, and environs kept clean. Thus, it is increasing the demand and adoption of sophisticated and effective infection control methods and solutions.

Key Developments

• May 2020- In contrast to the current plasma method, CAST Co., Ltd., a startup specializing in microplasma technology using oxygen or air, provides an eco-friendly sterilization solution that increases electron density and improves energy efficiency.
• March 2021- South Korea released a draught change to the Designation of Consumer Chemical Products Subject to Safety Check and Relevant Safety and Labeling Standards, a subsidiary regulation of the Consumer Chemical Products and Biocides Safety Act Ministry of Environment (MOE). The COVID-19 pandemic condition, in which more and more disinfection and sterilization products are utilized, necessitates stronger safety requirements and more product regulation, according to MOE, proposing the modification.

Impact of the COVID-19 pandemic

The COVID-19 epidemic has significantly impacted the market for infection control in South Korea. Worldwide, healthcare systems have been devastated by the pandemic, with hospitals becoming overcrowded as patient numbers rise. 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 post-COVID. Approximately one in every 20 patients in for treatment will develop a nosocomial infection, according to the Centers for Disease Control and Prevention (CDC). Each year, hospital-acquired infections cause more than 99,000 fatalities. The absence of public awareness of infection control measures and onerous regulatory requirements are expected to restrain market expansion. However, it is anticipated that the market expansion would be fueled by government and non-government organizations' actions regarding infection control and the expanding control techniques used by healthcare practitioners in hospitals.

Segmentation

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