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 : May, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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