The global hospital acquired infection market is expected to catapult to USD 36.16 billion by the end of 2022 from USD 23.7 billion in 2016, reveals Market Research Future (MRFR) in a minutely analyzed research report. Despite being equipped with state-of-the-art disinfecting technologies, hospital acquired infections continue to prevail in hospitalized patients and are the primary driver of the market which will help it to capture a CAGR of 7.3% over the forecast period of 2013-2022.
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Bacterial load in hospitals, crowding, temperature, and humidity raise the incidence of HAIs which necessitates diagnosis and treatment. Surging healthcare expenditures urges healthcare service providers to reuse medical equipment and supplies which increases the risk of infections in an inadvertent manner. The rise in global geriatric population also contributes to the growth of the hospital acquired infection market. The aged population is vulnerable to acquiring infections from hospitals since they have decreased immunity. The market is expected to experience induced demand for treatment and diagnosis from the developing regions. Poor healthcare infrastructure and lack of proper hygiene in healthcare institutions in developing and underdeveloped economies is a major cause of increase HAIs. However, installation of sterilization equipment and decline of hospital acquired infections in developed countries hamper the growth of the market. Technological advancements such as sterilization technology, increasing usage of disposables in healthcare, and increasing awareness regarding hospital acquired infections are likely to restrain the growth of the market. New guidelines and regulations aimed at curbing and preventing hospital acquired infections also limit the growth of the market.
The global hospital acquired infection market is highly competitive with the presence of various established players. The notable players in the global hospital acquired infections market include Advanced Sterilization Products, Becton Dickinson and company, Getinge AB, Belimed AG, 3M Company, STERIS Corporation, Cantel Medical Corp., and others.
Key Players for Global Hospital Acquired Infections Market
Some of the key players in this market are: Advanced Sterilization Products, 3M Company, Becton Dickinson and company, STERIS Corporation, Getinge AB, Cantel Medical Corp., Belimed AG, and others.
Hospital Acquired Infections Industry Updates
- In June 2018, Zurex Pharma, a developer of antimicrobial products for hospital acquired infections raised USD 9 Million to fight hospital acquired The company plans to invest the sum in the development of ZurexPrep, a pre-surgical skin preparation.
- In May 2018, PCT LTD, formerly Bingham Canyon Corporation, launched a novel disinfecting system that is designed to reduce hospital acquired Annihilyzer® Infection Control System is created through electrolytic process and is devoid of any harsh or toxic chemicals.
Regional Analysis for Global Hospital Acquired Infections Market
The prevalence of HAI is greater in Mediterranean and Southeast Asia. Nations are close to the extreme north of the Northern Hemisphere have the least prevalence of HAI such as Norway. Globally America is the largest market for Hospital Acquired Infections Market which is expected to reach around $12 billion by the end of the forecast period 2022.The growth of this market has started since 2016 thus, growth period of this market can be stated as 2016 to 2022. Europe is the second largest market for hospital acquired infections. Asia Pacific region is expected to be fastest growing region in Hospital Acquired Infections Market.
Segments for Global Hospital Acquired Infections Market
Global Hospital Acquired Infections Market has been segmented on the basis of pathogen types which comprises of viral, bacterial and fungal. On the basis of method of treatment the market is segmented into sterilization, chemical, radiation and on the basis of infection type market is segmented into urinary tract infections, blood stream infections, surgical site infections, gastrointestinal infections, and respiratory infections.
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