Hospital Acquired Disease Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Hospital Acquired Disease Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : October, 2020 | Healthcare IT | PPT format

Report Digest


Global Hospital Acquired Disease Testing Market : Snapshot

The global market for hospital acquired diseases testing market is anticipated to gather momentum on account of the growing awareness about health, hygiene, and wellness amongst the masses. Insufficient measures to curb the menace of infections that could spread across hospitals results in hospital acquired diseases. The adverse effects of such carelessness have prompted the healthcare experts to pressurize hospitals and healthcare centers to continually conduct testing of hospital acquired disease testing. Furthermore, patient safety has become a norm, and many healthcare centers screen the patients for any extra acquired diseases before and after their treatment. This also drives demand within the global market for hospital acquired disease testing.

Several regions including US have strict safety measures with regards to the testing of hospital acquired diseases. Moreover, the development of pathogens with drug-resistant abilities has helped healthcare centers and hospitals to effectuate hospital acquired disease testing with deftness and precision. The government has also played a pivotal role in ensuring that testing of hospital acquired diseases is effectuated across all the healthcare centers, thus, amplifying demand within the market. Despite these factors, the market is not free from restraints and faces threats from the disparities prevailing across the world. The absence of norms and low level of awareness about hospital acquired disease testing in the third world countries hampers growth of the global market.

The market in Asia Pacific holds tremendous potential for growth over the coming years. This is because the healthcare sector of the region is undergoing key reforms and is encompassing better diagnostics. Becton Dickinson and Company, Thermo Fisher Scientific, Inc., and Roche are some of the key players in the market.

Hospital Acquired Disease Testing Market: Overview

The alarming rate at which patients are suffering from hospital acquired infections (HAIs), especially in underdeveloped nations has led to stringent regulations penalizing hospitals for their high rates of HAIs. Hospitals today, are therefore taking many safety precautions and necessary steps in order to prevent hospital acquired infections.  Thus, stringent regulations and increasing awareness regarding HAIs will boost the demand for hospital acquired disease testing. The global hospital acquired disease testing is therefore anticipated to grow at a double digit CAGR in the forecast period.

Hospital Acquired Disease Testing for Urinary Tract Infection Witnessing Highest Demand

It has been found that the most common hospital acquired infection which is affecting millions worldwide is urinary tract infection. Therefore, the test that is most in demand in the global hospital acquired disease testing is the test for urinary tract infection. Also, it is likely that the demand for HAI testing will also be high for pneumonia, MRSA, and surgical site infections. Hospital acquired disease testing is also used extensively for bloodstream tests.

Alarming Rate of Deaths due to HAIs in U.S. Making North America Most Lucrative Market

By geography, North America is leading in the hospital acquired disease testing market, followed by Europe. The growing incidences of death per year in the U.S. on account of HAIs is one of the key reasons behind the growing market for hospital acquired disease testing in North America. The regulations imposed by governments and other bodies as well as rising demand for diagnostics will also help fuel the growth of this market in America. But, the fastest growth rate is anticipated to be witnessed by Asia Pacific in the hospital acquired disease testing market. The growth of the market in Asia Pacific is linked with the growing incidence of nosocomial infections and with it the rising impositions of various strict regulations to curb HAIs. Moreover, growing investments in healthcare infrastructure will also favour the hospital acquired disease testing market in the region.

Absence of Effective Programs and Strict Policies in African and other Under-developed Countries to Restrain Market’s Growth

One of the key factors restricting the market’s growth of the lack of stringent policies in under-developed nations. The adoption of molecular-biology-based diagnostics is limited on account of stringent policies in developing nations. This will also hamper the hospital acquired disease testing market’s growth. Also, countries in Africa such as Nigeria have no effective programs or regulations for controlling hospital acquired diseases. On a bright note, the growing health concerns among patients worldwide will help the market to grow.

Companies Mentioned:

There is little scope for new players to enter in the global hospital acquired disease testing market. The number of players is extremely limited and hence the competition between these few companies is supremely high. Players are striving to tap on the vast opportunities o fgrowth that lie within the developing nations. This will also help them gain shares in the market. List of leading players within the market of global hospital acquired diseases testing include Roche, Abbott Laboratories,  Thermo Fisher Scientific, Inc., Becton Dickinson and Company, and Alere, Inc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?