Increase in Incidence of Nosocomial Infections to Underscore Growth in Hospital Acquired Disease Testing Market from 2019 to 2027: TMR

Increase in Incidence of Nosocomial Infections to Underscore Growth in Hospital Acquired Disease Testing Market from 2019 to 2027: TMR

PR Newswire

ALBANY, New York, May 19, 2020

- Longer hospital stays and increase in incidence of hospital acquired infections to propel market on to a high growth trajectory

- Urinary Tract Infection segment to be a major contributor of growth in the market

- North America to lead regional charts of global hospital acquired disease testing market over the forecast period

ALBANY, New York, May 19, 2020 /PRNewswire/ -- The Global Hospital Acquired Disease Testing Market is expected to chart a stellar growth curve over the period 2019 to 2027, owing to multiple reasons – the most prominent among which is the increase in incidence of reported cases of hospital acquired infections. The compound annual growth rate of the market would be 14.7%.

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Transparency Market Research opines, "Increasingly used by healthcare professionals, particularly in clinical laboratories, these testing solutions are witnessing growth in demand due to longer stays of patients in hospitals – something the governments are trying to fix world over using technology. Awareness regarding nosocomial infections is also leading to growth in the global hospital acquired disease testing market over the stated forecast period." Read Detailed TOC of the Report - https://www.transparencymarketresearch.com/report-toc/1759 

Key Findings of Global Hospital Acquired Disease Testing Market Study:

For a detailed analysis of Global Hospital Acquired Disease Testing Market by test type, and region, visit - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1759

Key Drivers of Growth in Global Hospital Acquired Disease Testing Market:

A slew of growth factors are marking the landscape of Global Hospital Acquired Disease Testing Market, as per Transparency Market Research. The most prominent trends, drivers, and developments that are set to keep the market buoyant over the forecast period are detailed out below.

Regional Analysis of Global Hospital Acquired Disease Testing Market:

Analyze Hospital Acquired Disease Testing Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitors Landscape of Global Hospital Acquired Disease Testing Market:

The vendors' landscape of Global Hospital Acquired Disease Testing Market is fragmented and competitive. Top players in the market that are also profiled by Transparency Market Research in its report include Abbott Laboratories, Alere, Inc., Becton, Dickinson and Company, bioMérieux SA, F, Hoffmann-La Roche Ltd, Hologic, Inc,  Siemens Healthcare, Diatherix Laboratories, Inc., Meridian Bioscience, Inc., and Thermo Fisher Scientific, Inc., among others. The report prepared by Transparency Market Research is a comprehensive analysis of product portfolio, company overview, business strategies, financial overview, and recent developments.

The global hospital acquired disease testing market has been segmented as follows:

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

Nosocomial Infection Treatment Market - Rise in prevalence of nosocomial infections such as urinary tract infection, tuberculosis, surgical wound infection, and respiratory tract infection is anticipated to fuel the growth of the global market. According to the Pharmacotherapy Self-Assessment Program: Hematology/Oncology, approximately 60% of women have symptomatic UTI during their lifetime and in the U.S., around 10% women have one or more than one UTI episodes each year. According to the World Health Organization, globally, an estimated 10 million people fell ill with tuberculosis in 2018. According to the Centers for Disease Control and Prevention, around 157,500 surgical site infections are reported in the U.S. each year.

COVID-19 Detection Kits Market - The growth of the global covid-19 detection kits market relies on the responsiveness of countries to contain the spread of the coronavirus. The pandemic has wreaked havoc across the healthcare industry, and has led medical researchers to redirect all their might towards developing test kits and antidotes for coronavirus. The World Health Organization (WHO) declared the coronavirus as a global health emergency, following an outbreak of cases in several parts of the world. Currently, more than 180 countries have reported cases of coronavirus in individuals of all age groups.

Respiratory Antiviral Treatment Market - Rise in prevalence of viral respiratory infections in humans and increase in health care expenditure are projected to boost the growth of the global respiratory antiviral treatment market during the forecast period. Respiratory syncytial virus, influenza virus, parainfluenza virus, adenovirus, rhinovirus, and coronavirus belong to the respiratory virus infections group. Increase in number of patients with influenza, coronavirus, upper respiratory tract infections (URTI), and pneumonia is anticipated to fuel the growth of the global respiratory antiviral treatment market from 2020 to 2030. According to the World Health Organization, around 1.9 million people are suffering from coronavirus and 123,126 confirmed death due to coronavirus were recorded to date.

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