Portugal Infection Control Market - Forecasts from 2020 to 2025

The Portugal infection control market is poised to reach US$94.284 million by 2025. Compared to 2017’s nominal expenditure of 3.6%, the health expenditure of Portugal increased to 5.1% in 2018. Both public and private current expenditure increased by 3.6% in 2017. The relative importance of public current expenditure in financing the Portuguese health system remained at 66.3%. For 2018 an increase of public spending (5.3%) higher than that of private expenditure (4.6%), was foreseen [Source: Instituto Nacional de Estatística – Portugal (Statistics Portugal)]. The expenditure of public hospitals and public providers of ambulatory health care grew 4.1% in 2017, due to the increase in intermediate consumption, which is inclusive of but not limited to pharmaceuticals and clinical consumables and personnel costs that includes an increase in the number of workers, among other reasons. On the other hand, the expenditure of private providers, hospitals and providers of ambulatory health care grew at a faster pace, with increases of 5.5% and 4.4%, respectively. Owing to the burgeoning healthcare sector, thereafter the increase in healthcare-related expenditure borne by both the government and private entities, the market for Infection Control in Portugal is expected to witness healthy growth during the forecast period.

Further the tourism sector, before the advent of the unforeseen pandemic called CoVid-19, has substantially contributed to the factors leading to the growth of the Infection Control Market in Portugal. It is important to note that the tourist accommodation sector registered 1.4 million guests and 3.3 million overnight stays in January 2020. Overnight stays of residents grew by 12.1% (+4.5% in December 2019) and those of non-residents increased by 5.6%. To this extent, it is important to note that the tourist accommodation sector registered 1.4 million guests and 3.3 million overnight stays in January 2020, corresponding to year-on-year rates of change of +12.2% and +7.6% respectively. Overnight stays of residents grew by 12.1% which is a 4.5% increase from December 2019 and those of non-residents increased by 5.6% (+9.3% in the preceding month). Total revenue increased by 7.2% (+9.1% in December 2019) attaining EUR 175.9 million. Revenue from accommodation stood at EUR 124.8 million, growing by 8.5% (+9.4% in the preceding month that is December 2019). The average revenue per available room (RevPAR) increased by 4.5% to EUR 25.1 (+4.7% in the preceding month I.e. December 2019). The average daily rate (ADR) reached EUR 68.6, increasing by 2.9% i.e. +0.9% in the preceding month. In January 2020, the whole set of means of accommodation (tourist accommodation establishments, camping sites, holiday camps, and youth hostels) registered 1.5 million guests and 3.5 million overnight stays [Source: Instituto Nacional de Estatística – Portugal (Statistics Portugal)]. Thus, the food and beverage products already requisitioned before the pandemic and the running of daily operation which includes the dispensing of food and beverage preparation among others will lead to a steady growth on the Infection Control Market of Portugal.

Segmentation

By Product

• Disinfectants
• Sterilization
• Low-Temperature Sterilization
• Heat Sterilization
• Contract Sterilization

By End User Industry

• Healthcare
• Food and Beverage
• Chemical