Surgical Site Infection (SSI) Market To Showcase CAGR of 6.4% during 2018–2023
The surgical site infection (SSI) market was valued at $4.0 billion in 2017, and it is expected to reach $5.9 billion by 2023, growing at a CAGR of 6.4% during the forecast period of 2018–2023. The key factors helping in this growth include a surge in the incidence of SSIs, increase in the number of surgical procedures, rise in the geriatric population, and development of technologically improved products. Additionally, favorable government regulations will propel the market growth during the forecast period.
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The major reason behind the growth of the market is the increasing volume of surgeries. Such medical procedures are done for therapeutic as well as diagnostic purposes, which is why operating rooms (OR) remain ever-busy. Every surgery, however minimally invasive, requires cutting into the flesh, which leads to wounds. Despite taking place in the cleanest of OR, every surgery carries a risk of infection at the operated-upon site. Therefore, with the increasing incidence of chronic diseases pushing up the surgery volume, the demand for SSI management products is rising too.
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Multiple initiatives by several organizations and the increasing collaborations among companies working toward the prevention of SSIs are providing huge opportunities to the surgical site infection market players. Governments and non-profit organizations are undertaking several initiatives to raise awareness regarding SSIs. According to the World Health Organization (WHO), more than 1 in 10 surgery patients in low- and middle-income countries (LMICs) get these infections. To prevent this situation, the WHO has initiated an awareness program, known as Patient Safety Solutions, which makes adherence to hand hygiene mandatory to curtail these infections.
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