A new market research study, titled “Hospital Infection Therapeutics Market - Global Industry Analysis, Pipeline Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” has been published by Transparency Market Research, providing a comprehensive analysis of the market. The major driving factors, barriers, and current trends of the global hospital infection therapeutics market have been included in the scope of the research report.
The report projects the global market for hospital infection therapeutics to attain an opportunity worth US$3.6 bn by 2020, rising from US$3.0 bn in 2013 at a CAGR of 3.10% during the period from 2014 to 2020.
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Hospital Infection Therapeutics to Gain Impetus from Increasing Incidence of Hospital-Acquired Infections
“Hospital-acquired infections have been considered as one of the prime threats to human health by healthcare organizations around the world,” says an analyst at TMR. According to the WHO, of the overall pool of hospitalized patients, 7% patients in developed economies and 10% in emerging economies were diagnosed with at least one form of hospital-acquired infections in 2013.
As the prevalence these infections is increasing significantly, the demand for hospital infection therapeutics is witnessing a substantial rise worldwide. Apart from this, the high susceptibility to infections among newborn babies in a healthcare setting is also fueling the application of hospital infection therapeutics across the world.
Inefficiency of Hospital Infection Therapeutics on Multi-drug Resistant Bacterial Strains to Limit Application
Though analysts predict the demand for hospital infection therapeutics to register a steady progress in the near future, a number of factors are likely to interrupt the growth trajectory. The main among them is the robust rise in the number of multi-drug resistant bacterial strains, on which the currently available antibacterial drugs are ineffective. The poor management of antibiotic resistance is leading to a decline in the adoption of hospital infection therapeutics, which is projected to impact negatively on the market’s growth in the long run.
The high unmet medical needs in low to medium income nations, however, is anticipated to present potential growth opportunities to market players. Economies in Southeast Asia and Sub-Saharan Africa demonstrate a high prevalence of hospital-acquired infections among newborns, which has affected the birth rate in these nations significantly. The infrastructural development of the medical and healthcare industry in these economies will also open new avenues for market’s progressions in the near future, states the report.
Currently, North America leads the overall market and is estimated to remain in the leading position in the next few years. North America is closely trailed by Europe. The rapid growth of these two regional markets can be attributed to the increasing healthcare awareness and growing demand for advanced drugs. On the other hand, the Asia Pacific market for hospital infection therapeutics is estimated to witness the fastest growth throughout the forecast period.
Furthermore, the research report talks about the competitive scenario of the global market for hospital infection therapeutics. Detailed profiles of the prominent players have been discussed in the scope of the research study. Some of the leading players operating in the market are Bayer AG, Johnson & Johnson Services, Inc., Actavis plc, Sanofi, Bristol-Myers Squibb Company, Merck & Co., Inc., GlaxoSmithKline plc, Pfizer, Inc., AstraZeneca plc, and Cubist Pharmaceuticals, Inc.
The global hospital infection therapeutics market is segmented as follows:
By Drug Type
By Major Infections
Surgical Site Infections
Urinary Tract Infections
Other Hospital Infections
Rest of the World (RoW)
For more information:
Last updated on: 19/09/2016
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