New York: Persistence Market Research estimated the global HAIs control market to hit US$50,807.0 million in 2014. By 2020, hospital acquired infection control will be a US$82,889.4 million market. According to the Office of Disease Prevention and Health Promotion of the United States of America, 1 out of every 25 patients in healthcare facilities has a hospital acquired infection.
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Contracting a hospital acquired infection (HAI) can acutely affect a patient and their family. Besides causing more agony, HAIs could also prove fatal and incredibly expensive if they are not checked in time. Such infections are known to drain billions of dollars from healthcare systems worldwide. But on a more positive note, HAIs can be checked and cured in time using certain devices, tests and basic cleaning and sterilization care.
While some hospital acquired infections (HAIs) can be traced back to the lack of sanitation others may be because healthcare providers are not adequately trained. Some of the most common examples of hospital acquired infections are urinary tract infections, bloodstream infections, pneumonia, respiratory tract infections, and surgical site infections.
As more people—especially those in vulnerable age groups—fall prey to HAIs and governments look for ways to curtail this entirely avoidable expense, the hospital acquired infections market is gaining ground. HAIs are especially rampant in developing countries or regions where a hot and humid climate creates an environment that is conducive for bacteria and viruses to thrive.
Persistence Market Research offers an insight into what the future of the hospital acquired infections market will look like over the next five years:
- Gas plasma sterilization technology gains popularity: Plastics and other novel materials are now extensively used in the healthcare industry, rendering sterilization techniques used for conventional metals ineffective. Materials that cannot stand high-temperature sterilization stand to benefit greatly from gas plasma sterilization methods. Hydrogen peroxide gas plasma sterilization is carried out at low temperatures and is increasingly preferred because of a quick-acting sterilization cycle, the absence of toxic chemical residues, wide-ranging compatibility with novel materials, and ability to be carried out in the lack of aeration. PMR expects that the increasing use of gas plasma sterilization technology in the healthcare industry could cut back dependence on ethylene oxide as a sterilization agent. However, a lengthy FDA clearance process for newer versions of this sterilization process could hinder the market to some extent.
- New product launches advance the state of the art: It is now increasingly becoming evident that in the context of hospital acquired infections, prevention is better than cure. This has caused a number of players to venture into the market with single-use, disposable products for combating infections. Some of these include face masks and medical non-woven products. However, Big Pharma players are still tentatively venturing into R&D investments in the hospital acquired infections (HAIs) market given the low ROI.
- Niche market players make ideal candidates for mergers and acquisitions: Small, niche players in the global hospital acquired infections market are engaged into research pertaining to novel technologies and techniques specific to hospital acquired infections. This puts them on the radar of Big Pharma companies that are looking to broaden their portfolio of HAI products. Mergers and acquisitions are expected to consolidate the HAIs market to a great extent over the next five years, forecasts Persistence Market Research.
While these trends also indicate the presence of growth opportunities, the global hospital acquired infections (HAIs) market needs to still overcome issues such as poor healthcare infrastructure and awareness that in effect promote the spread of bacteria and infections.
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