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Mounting initiatives by several organizations, mounting healthcare expenditure and expanding geriatric population are also facilitating the growth for the surgical site infection prevention market. For instance, according to WHO, globally in 2010 approximately 524 million people were aged 65 years and older, and is expected to reach 1.5 billion in 2050.
The less preventive methods for nosocomial infections in developing countries, lack of alertness about surgical site infection and lack of alertness of hospital-acquired infection prevention and control are the major challenges for the growth of surgical site infection prevention market.
Globally, the manufacturing companies trying to enter the surgical site infection prevention market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.
Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of the large population base. In addition, mounting healthcare expenditure, the mounting number of surgical procedures, expanding the geriatric population, mounting occurrence of surgical site infection, and refining healthcare infrastructure are also creating a positive impact on the surgical site infection prevention market growth in the region.
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Key players in the surgical site infection prevention market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In July 2018, Mölnlycke, acquired SastoMed GmbH, to help patients and healthcare professionals by treating chronic wounds and speed up the wound healing process. In addition in December 2017, Prescient Surgical, Inc., received FDA approval for CleanCision, a wound retraction, and protection system in the U.S.
3M Company, Medtronic plc, Mölnlycke Health Care AB, B. Braun Melsungen AG, Covalon Technologies Ltd., Stryker Corporation, Becton, Dickinson and Company, Prescient Surgical Inc., Surgical Site Infection Prevention LLC, and STERIS plc are the key players offering surgical site infection prevention.
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