March 29, 2020

Nosocomial Infection Treatment Market Is Expected To Projected Worth USD 36.75 Bn By 2024

The latest market report published by Credence Research, Inc. “Nosocomial Infection Treatment Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016-2024,” the global market for nosocomial infection treatment was valued at US$ 28,565 million in 2015 and is expected to reach US$ 36,746 million by 2024, increasing to CAGR by 2.5 per cent from 2016 to 2024.

Market Insights

Nosocomial infection, also known as Acquired or Associated Hospital Infection (HAI), is defined as an infection developed in patients who were not previously present or incubated during hospital admission. Nosocomial infection is mainly caused by bacteria, viruses, or fungal pathogens and is becoming the world’s leading cause of morbidity and mortality, causing enormous economic burdens. The market for nosocomial infection treatment is expected to increase throughout the forecast period.

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Major factors contributing to the growth of the HAI market include increasing prevalence of nosocomial infections, increasing government initiatives and increasing public awareness of quality hygiene in hospitals, increasing geriatric population immunocompromised patients, advances in air handling units and other cleaning technologies. Multidrug resistance is observed in patients primarily due to excessive use of antibiotics, which is one of the causes of increased prevalence of nosocomial infection. The regulatory authorities have established guidelines for hospitals and clinics and instructed them to comply with these guidelines for the prevention of nosocomial infections and to adopt best health practices along with a strategy for the control of infections.

The global market for nosocomial infections is segmented by type of infection such as pneumonia, urinary tract infection, bloodstream infection, surgical site infection, MRSA, etc. Pneumonia, urinary tract infection (UTI), surgical site infection (SSI) and MRSA are the major types of hospital-acquired infections that have the highest prevalence.

Nosocomial infection treatment market is segmented by type of treatment as antibacterial, antifungal, antiviral and other. In 2015, antibacterial treatment accounted for the largest market share. In the current market scenario, North America is the largest regional market for nosocomial infection treatment followed by Europe and Asia Pacific. North America dominates the global market for nosocomial infections due to an increase in the prevalence of nosocomial infections, an increase in cases of multidrug-resistant microbial infections and an increase in demand for advanced therapy. Asia Pacific is expected to be the fastest growing market in the forecast period. The key factors responsible for its significant growth are emerging economies with developing healthcare markets due to public and private sector investment in healthcare infrastructure, increased prevalence of nosocomial infections, and a high level of health awareness coupled with increasing disposable incomes.

Market Competition Assessment:

Key players in the nosocomial infection treatment market are

Abbott Vascular Inc., Bayer, Becton, Dickinson and Company, Belimed, BioMerieux, Cantel, Cepheid, Getinge Group, Kimberly-Clark Corp., Merck & Co, Nordion, Pfizer, Roche, Sakura Seiki, BioMérieux, Steris, Johnson & Johnson, Sterigenics International, Inc., Halyard Health, Inc., Advanced Sterilization Products, Matachana Group etc.

Key Market Movements:

  • Rise in prevalence of nosocomial infection due to an increase in patient pool  of chronic diseases, growth in geriatric population which are more prone to infection
  • With increase in number of surgical procedures with medical advancement is potential risk for the patient due to infection caused by the surgical equipment’s or by healthcare workers; patient compromise with immunity are more vulnerable to infection
  • In emerging economies, the rise in number of hospital increases the chances of nosocomial infection thus leading to growth of hospital infection prevention and control market

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Market Segmentation

By Infection Type

  • Ventilator Associated Pneumonia
  • Urinary Tract Infection
  • Blood Stream Infection
  • Surgical Site Infection
  • Gastrointestinal Infection
  • MRSA
  • Others (ENT Infections, Skin Infection, and Bone Infection)

By Treatment Type

  • Antibacterial Treatment
  • Antiviral Treatment
  • Antifungal Treatment
  • Others

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

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