The Luxembourg infection control market is estimated to be valued at US$11.561 million in 2019 and projected to grow robustly during the forecast period. In the arena of healthcare, the local residents, in general, may not be at risk however, there is a proportion population that indulges in binge drinking leading to obesity rates close that of the European Union. Health spending in Luxembourg is among the highest in per capita terms among the countries of the European Union of which the majority of the health expenditure is borne by the government. Further despite the access to healthcare being good, there is a concern of 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. Further, on the disease front despite a notable improvement with regards to the prevalence of cardiovascular diseases, it is one of the prime reasons for mortality. Besides, lung cancer along with ischemic and other heart disease is also responsible for deaths.
Moreover, due to the rise in the aging population. Further, the other 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. Further 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 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 Organisation for Economic Co-operation and Development]. Due to behavioral risk factors and the growing old age population the visit to hospitals 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 sin infection control products to prevent any healthcare-associated infection (HCAI). Therefore, leading to a healthy infection control market growth of Luxembourg.
The other aspect that is going 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 offering of the sector. The participation of business tourism increased from 34.7% in 2016 to 35.4% in 2018. Further compared to that of 2017 putting up at hotels increased from 46.5% in 2017 to 47.8% in 2018 and a marginal increase to 10.6% in 2018 from 10.1% in 2017 with regards to putting up at homestay. 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 was increased to 12.3 number of 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 aforementioned 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 strictest standards of hygiene to prevent any sort of discomfort to their consumers simultaneously upholding their brand image and prevent 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 infection control market growth.
Segmentation
By Product
By End User Industry
Moreover, due to the rise in the aging population. Further, the other 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. Further 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 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 Organisation for Economic Co-operation and Development]. Due to behavioral risk factors and the growing old age population the visit to hospitals 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 sin infection control products to prevent any healthcare-associated infection (HCAI). Therefore, leading to a healthy infection control market growth of Luxembourg.
The other aspect that is going 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 offering of the sector. The participation of business tourism increased from 34.7% in 2016 to 35.4% in 2018. Further compared to that of 2017 putting up at hotels increased from 46.5% in 2017 to 47.8% in 2018 and a marginal increase to 10.6% in 2018 from 10.1% in 2017 with regards to putting up at homestay. 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 was increased to 12.3 number of 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 aforementioned 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 strictest standards of hygiene to prevent any sort of discomfort to their consumers simultaneously upholding their brand image and prevent 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 infection control market growth.
Segmentation
By Product
- Disinfectants
- Sterilization
- Low-Temperature Sterilization
- Heat Sterilization
- Contract Sterilization
By End User Industry
- Healthcare
- Food and Beverage
- Chemical
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Luxembourg Infection Control Market, By Product
6. Luxembourg Infection Control Market, By End User Industry
7. Competitive Environment and Analysis
8. Company Profiles
Companies Mentioned
- Getinge AB
- MELAG Medizintechnik GmbH & Co. KG
- Miele
- MMM Group
- STEELCO BENELUX BV (Steelco S.p.A.)
Methodology
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