Why Is North America Largest Hospital-Acquired Infection Diagnostics Market?
The increasing geriatric population, introduction of advanced products, and rising prevalence of hospital-acquired infections (HAI) in developing countries are expected to be the key trends in the healthcare sector. As a result, the hospital-acquired infection diagnostics market, which generated $2,657.6 million in 2016, is predicted to reach $4,386.6 million by 2023 at a 7.6% CAGR between 2017 and 2023 (forecast period).
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The application segment of the hospital-acquired infection diagnostics market is bifurcated into disease testing and drug resistance testing. Of these, the market was dominated in 2016 by the drug resistance testing bifurcation due to the ability of advanced molecular diagnostics techniques to allow for more-effective drug resistance testing. The faster growth during the forecast period is predicted to be seen in the disease testing bifurcation owing to the availability of enhanced diagnostic instruments and tests, including mass spectrometry, flow cytometry, nucleic-acid-based technologies, near-infrared spectroscopy, and isothermal microcalorimetry.
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The most important factor aiding the advance of the hospital-acquired infection diagnostics market is the rising prevalence of HAIs in developing countries. This has been ascribed to the careless use of injection equipment, medical devices, and blood products, low surgery volume, and improper biomedical waste management. As per the World Health Organization (WHO), 1.5–69.4% of the injections in emerging and transitional economies are given with reused syringes, without sterilizing them. Moreover, a survey of 22 countries revealed that improper waste disposal was common at between 18% and 64% of healthcare centers.
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