The Infinium Global Research analyzes the Hospital Infection Therapeutics Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global hospital infection therapeutics market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of hospital infection therapeutics. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the hospital infection therapeutics market during the period. The global hospital infection therapeutics market is projected to grow at a CAGR of 4.61% over the forecast period of 2018-2024.
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The global market size of hospital infection therapeutics market was worth around USD 3.13 billion and it is projected to reach to USD 4.32 billion in 2024. The growth of the hospital infection therapeutics market is primarily due to increase number of patients admitted to hospitals, growing prevalence of several hospital infections and High number of pipeline drug molecules for specific treatment of healthcare associated infections.
Furthermore, lack of knowledge about the blood transfusion safety measures, understaffing, insufficient hospital equipment and poor infrastructure particularly seen in the developing and underdeveloped nations are some of factors responsible for spreading hospital infection which, in turn increases the hospital infection therapeutics market. However, increase number of surveillance and infection control programs by government agencies, hospitals and other medical institutes may restrain the growth of this market.
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North America Region Accounted for the Largest Market Share
Among the regions, the North America region accounted for the largest market share in 2017 followed by Europe. Major factors responsible for the leading position of the North American market includes rising number of multidrug- resistant microbial pathogens, increasing demand for advanced therapeutics and high prevalence of various hospital infections. Besides this rising geriatric population and high awareness level is contributing the growth of North American and European region respectively. Asia-Pacific is expected to grow at the highest CAGR on account of rising awareness, demand for new and improved hospital infection treatment drugs and increasing healthcare infrastructure are responsible for driving growth in this region over the forecast period.
Segments in the Hospital Infection Therapeutics Market
The report on global hospital infection therapeutics market covers segments such as, by drug type and by major infections. On the basis of by drug type the global hospital infection therapeutics market is categorized into antibacterial drugs, antiviral drugs and antifungal drugs. On the basis of by major infections the global hospital infection therapeutics market is categorized into hospital acquired pneumonia, surgical site infections, urinary tract infection, gastrointestinal disorders, bloodstream infections and other hospital infections.
Key Players and the Regions of the Hospital Infection Therapeutics Industry
The report provides profiles of the companies in the global hospital infection therapeutics market such as, Bayer Ag, Johnson & Johnson Services Inc., Actavis Plc, Sanofi, Bristol Myers Squibb Company, AstraZeneca Plc, Pfizer Inc., GlaxoSmithKline Plc. and Merck & Co., Inc and many others.
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- Comprehensive analysis of global as well as regional markets of the hospital infection therapeutics.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.