Insights Into The Hospital-Acquired Infection Control Market’s Growth Potential 2024-2033
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What Growth Rate is Forecasted for the Hospital-Acquired Infection Control Market over the 2024-2033 Period?
Over the past few years, the market size for control of infection acquired in hospitals has seen consistent growth. An increase from $33.01 billion in 2023 to $34.35 billion in 2024 with a compound annual growth rate (CAGR) of 4.1% is projected. The historical growth is credited to factors such as intensified antimicrobial resistance, increased awareness, strict regulations, the worldwide spread of infectious diseases, and initiatives towards ensuring patient safety.
The market size for controlling infections acquired in hospitals is projected to experience consistent expansion in the coming years. The market value is forecasted to reach $41.37 billion by 2028, increasing at a compound annual growth rate (CAGR) of 4.8%. This growth during the projection period can be credited to the emergence of multidrug-resistant pathogens, readiness for pandemics, escalated surveillance and monitoring, antimicrobial stewardship initiatives, and international cooperation. The future market trends expected include the adoption of real-time location systems (RTLS), utilization of artificial intelligence (AI) in surveillance, transition to single-use and disposable devices, focus on training and education for staff and an increased use of disinfection technologies.
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Which Factors Are Stimulating Growth in the hospital-acquired infection control Market?
The upswing in COVID-19 infections is poised to boost the trajectory of the hospital-acquired infection control market. The infection known as COVID-19 is attributable to the SARS-CoV-2 virus. As a result of the pervasive pandemic, there’s an upturn in the demand for hospital-acquired infection control products, emphasizing personal hygiene and manufacturing of infection control medical supplies. For instance, as reported by the World Health Organization, a United Nations specialized agency stationed in Switzerland, the tally of global COVID-19 cases stood at 581.6 million as of August 8th, 2022. Consequently, the mounting COVID-19 cases are stimulating the growth of the hospital-acquired infection control market.
What Are the Main Segments of the Hospital-Acquired Infection Control Market?
1) By Product: Sterilizers, Disinfectors, Endoscope Reprocessors, Microbial Testing Instruments, Consumables, Disinfectants, Infection Prevention And Surveillance Software, Other Products
2) By Technology: Phenotypic Methods, Genotypic Methods
3) By Diseases: Hospital Acquired Pneumonia, Bloodstream Infections, Surgical Site Infections, Gastrointestinal Infections, Urinary Tract Infection, Other Diseases
4) By Application: Disease Testing, Drug-Resistance Testing
5) By End User: Hospitals, ICUs, Ambulatory Surgical, Diagnostic Centers, Nursing Homes, Maternity Centers, Other End Users
What Innovative Trends Are Redefining the Hospital-Acquired Infection Control Landscape?
The hospital-acquired infection control market is increasingly being influenced by the trend of technological advancement. Many established companies in the market are concentrating on creating innovative technological solutions to stay ahead. In a noteworthy development in November 2021, researchers from the University of Pittsburgh School of Medicine and Carnegie Mellon University leveraged machine learning technology, combined with whole genome sequencing, to expedite the detection of infectious disease breakouts in a hospital. This method uncovers large scale outbreaks that could possibly go unnoticed with routine infection prevention measures.
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Which Regions Are Key Players in the Growth of the Hospital-Acquired Infection Control Market?
North America was the largest region in the hospital-acquired infection control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hospital-acquired infection control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Hospital-Acquired Infection Control Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the hospital-acquired infection control market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Hospital-Acquired Infection Control Market Include
1. Hospital-Acquired Infection Control Market Executive Summary
2. Hospital-Acquired Infection Control Market Segments
3. Hospital-Acquired Infection Control Market Size And Template Market Growth Rate
4. Key Hospital-Acquired Infection Control Market Trends
5. Major Hospital-Acquired Infection Control Market Drivers
……
25. Key Mergers And Acquisitions In The Hospital-Acquired Infection Control Market
26. Top Hospital-Acquired Infection Control Companies
27. Hospital-Acquired Infection Control Market Opportunities And Strategies
28. Hospital-Acquired Infection Control Market, Conclusions And Recommendations
29. Appendix
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