Hospital-Acquired Infection Diagnostics Market – Overview
The growth impetuses in the hospital-acquired infection diagnostics market are expanding at a noticeable speed because of numerous factors. Amongst these major factors, is the rising prevalence in the cases of hospital-acquired infections. In addition to this, increased government initiatives, technological advancements, increased R & D spending, and improved health care infrastructure is also projected to work as revenue generation opportunities in the global market in the near future.
On the flip side, the lack of awareness related to hospital-acquired diseases in middle and low-income countries is likely to limit the growth avenues in the market in the following years. Along with this, a reduced number of hospital-acquired infections across developed countries, for instance, the UK, Germany, and the U.S. are also expected to curtail the growth opportunities in the global market in the following years.
Hospital-Acquired Infection Diagnostics Market – Key Drivers
Hospital-acquired infections are very common among people who have undergone surgical procedures, children, and the elderly. Bone & joint infections, cardiovascular system infections, bloodstream infections, urinary tract infections, gastrointestinal infections, surgical-site infections, and respiratory infections are considered among the most identified infections. This infection not only occurs in developing countries but also in developed countries. Further, it is also considered an important cause of death among patients who are hospitalized. So, these factors are predicted to contribute to the revenue generation opportunities in the hospital-acquired infection diagnostics market during the forecast period.
Due to the sudden rise in the cases of COVID-19, there has been an increase in the cases of hospitalization. Due to the pandemic, governments across the world have imposed a lockdown in order to curtail the spread of the pandemic. Further, states have also given certain preventions and constraints on elective surgeries and undertakings. These restrictions are likely to put a noticeable impact on the distribution, production, and store network during the pandemic. But the pandemic has also brought a positive impact on the hospital-acquired infection diagnostics market growth due to the increased number of hospitalization of patients due to infection.
Hospital-Acquired Infection Diagnostics Market – Recent Developments and Key Players
The hospital-acquired infection diagnostics market is growing at a noteworthy speed due to the presence of a lot of prominent players on regional and international platforms. Their presence is converting the global industry into a fragmented one. Along with this, the market players are pondering over innumerable expansion avenues to achieve their predefined objectives and goals. The rising penetration of the well-established global players along with increasing awareness among consumers related to industry brands is likely to generate revenue generation opportunities in the hospital-acquired infection diagnostics market in the forthcoming years. Increased number of R & D activities for the enhancement of product portfolio, mergers or tie-ups, and launch of novel products are some significant strategies that are incorporated by industry players. Thus, these factors are estimated to work as the largest revenue generators in the global market in the near future.
Some of the key players in the hospital-acquired infection diagnostics market are:
Hospital-Acquired Infection Diagnostics Market – Regional Assessment
The hospital-acquired infection diagnostics market has been working in numerous areas around the world. Some prominent regions in the industry are Europe, Asia Pacific, Latin America, the Middle East & Africa, and North America. Among these global regions, North America has been estimated to hold the maximum share of the market revenue. This dominance of the region is attributed to the growing adoption of advanced diagnostic equipment and the rising geriatric population. These factors are likely to fuel sales growth in the hospital-acquired infection diagnostics market.
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