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HAIs Control Global Market Trends, Emerging Growth and Forecast By 2020

Press Release   •   May 26, 2016 06:11 EDT

Market Research Reports Search Engine (MRRSE), has announced that it now carries a report titled ‘Global Market Study on HAIs Control Market: Cleaning and Sterilization to Witness Highest Growth by 2020’. The need to control hospital acquired infections (HAIs) has escalated into a massive market, which approximated US$50,807.0 million in 2014. The findings of the report, published by Persistence Market Research, show that the market for HAIs control will soar to US$82,889.4 million by the end of 2020. The estimated CAGR for the HAIs control market is pegged at 8.5% between 2014 and 2020.

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Besides these forecasts, the report also lays down the various factors working against the HAIs control market. These include an absence of the right infrastructure and primary healthcare facilities. There is a pressing need for well-trained staff to manage hospital acquired infections, which if left unaddressed, could dent the market further.

The team of analysts that worked on this report finds that in the global context, the HAIs control market will grow considerably because the occurrence of hospital acquired infections has risen. Moreover, as the number of aged people—an age group that’s especially vulnerable to infections—rises, analysts expect to see a parallel rise in the number of older people suffering from HAIs. The problem of hospital acquired infections is especially serious in regions with a tropical climate, which will understandably prompt more investments in HAI control. The HAIs control market is also impelled by governments taking an added interest in mitigation measures.

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Hospital acquired infections, which are also referred to as nosocomial infections, can affect a patient during prolonged hospital stays. The occurrence of HAIs can be put down to the absence of the right kind of hospital infrastructure, lack of enough sensitization to pathogen transmission and hospitals not diligently following stipulated infection control practices.

Fastest growth within the global HAIs control market will be seen in the cleaning and sterilization segment. The report also observes that there will be considerable demand for HAIs control equipment in treating primary bloodstream infections.

The report notes that North America holds the largest share in the global HAIs control market essentially because the advanced healthcare facilities that exist here. The HAIs control market in North America stood at US$ 21,319.2 million in 2014 and is forecast to rise to US$ 34,430.3 million by the end of 2020, registering a CAGR of 8.3%. Among other crucial findings of the report is this: Asia Pacific will exhibit the fastest growth among all regions through the forecast period of the report, largely because of the growing pervasiveness of HAIs here.