The Hospital Infection Therapeutics Market is being driven by Increase in incidence and prevalence of respiratory disorders
The Hospital Infection Therapeutics Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3786.3 million. The global rise in chronic diseases is driving an increase in hospital patient visits, leading to a corresponding surge in the prevalence of healthcare-associated infections (HAIs). Central venous catheters, a common medical device used in hospitals, are a significant contributor to HAIs. It is projected that their usage will expand by 8% by 2025, heightening the risk of hospital infection diseases. Hospitals serve as a significant source of infections, resulting in increased morbidity and mortality among hospitalized patients. Intensive Care Units (ICUs), in particular, are susceptible to infections due to the high number of invasive, therapeutic, and diagnostic procedures performed there. Sepsis, a severe complication of hospital infection diseases, poses a significant threat to patient health.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
231 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2025-2029 |
USD 3786.3 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
5.1 |
Key countries |
US, Germany, Canada, China, France, UK, Japan, India, Italy, South Korea, US, Germany, China, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Hospital Infection Therapeutics Market focuses on combating antibiotic-resistant bacteria such as Vancomycin-Resistant Enterococci (VRE), Clostridium Difficile, Carbapenem-Resistant Enterobacteriaceae (CRE), Acinetobacter Baumannii, and Pseudomonas Aeruginosa. Solutions include biofilm disruptors, antimicrobial coatings, and antimicrobial surfaces. Surveillance systems, molecular diagnostics, rapid diagnostics, and point-of-care testing are essential for early detection. Whole genome sequencing, data analytics, AI, and machine learning aid in understanding and addressing antibiotic resistance. Precision and personalized medicine, stewardship programs, patient education, and healthcare worker education promote effective treatment. Infection control audits and quality improvement initiatives ensure patient satisfaction and positive healthcare outcomes.
The global Hospital Infection Therapeutics Market encompasses businesses involved in the research and development (R&D) or manufacturing of antimicrobial agents, including antibacterial drugs, antiviral drugs, and anti-fungal drugs. According to Technavio, the size of the global pharmaceuticals market is determined by the consolidated revenue generated by providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Factors driving the growth of this market include the increasing aging population, with predictions that by 2050, approximately one-quarter of the US and European populations will be over 60 years old, leading to a higher prevalence of healthcare-associated infections (HAIs) and hospital-acquired infections (HAIs). These infections necessitate the use of antimicrobial agents and other therapeutics, thereby fueling market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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