USA market size of UV Infection Control Device is projected to reach USD 249.07 million USD by 2022

Publisher: QYResearch

Published Date: 2018/10/31

UV Infection Control Device is a technology-intensive and high entry barrier industry. At present, in developed countries, the UV Infection Control Device industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in North America. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level.

The USA market size of UV Infection Control Device was 168.98 million USD in 2016 and is projected to reach USD 249.07 million USD by 2022, at a CAGR of 6.68% between 2016 and 2022.

The key players are Getinge Group, STERIS, Clorox Professional, Xenex, Tru-D SmartUVC, Seal Shield, American Ultraviolet, UVC Cleaning Systems, Infection Prevention Technologies, AquiSense Technologies, Lumalier Corp, American Air & Water and so on. Among them, Getinge Group, STERIS and Clorox Professional are the leaders.

The growing manufacturing sector in all regions is expected to generate demand and drive the UV Infection Control Device market during the forecast period.

Today, UV Light can be an important part of a hospital’s infection control protocols. As UV Light technology continues to improve and costs come down, it is likely that we will see the development of more devices using UV Light for effective cleaning and disinfection.

In addition to the human toll, hospitals now have a financial reason to reduce hospital-acquired infections: beginning in 2017, the federal government will dramatically reduce Medicare payments to hospitals that exceed incidences of them and of other conditions.

Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

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