The global Hospital Acquired Infections Therapeutic Market size was USD 10.3 billion in 2023 and is expected to rise to USD 12.5 billion by 2032 at a CAGR of 2.4%.
The Hospital Acquired Infections Therapeutic Market is set for a quick growth over the forecast period. In terms of revenue, the global Hospital Acquired Infections Therapeutic Market accounted for USD 10.3 Billion in 2019 and is expected to reach USD 12.5 Billion by 2026 at a CAGR of 2.4 % during the forecast period.
Hospital Acquired Infections Therapeutic Market is also known as Healthcare-associated Infections. It is one of the leading causes of death worldwide. It can be acquired in hospital, nursing home, rehabilitation facility, outpatient clinic, etc. Hospital Acquired Infections (HAIs) are caused due to fungal, viral, and bacterial infections. Poor maintenance of hygiene and growing complacency among healthcare workers are the factors leading to HAIs.
Increase in number of hospital admitted patients and improved diagnostics capable of differentiating strains of microbes has resulted in increase of Hospital Acquired Infections worldwide. The rising geriatric population, which is more vulnerable to such ailments, is also driving the market growth. The rise in number of pipeline drugs specifically developing for the hospital acquired infections and an increase in R&D investments expected to boost the market growth over the forecast period. Improvement in the healthcare infrastructure is also likely to boost the market of Hospital Acquired Infections Therapeutic globally.
Report Attributes | Report Details |
---|---|
Report Name | Hospital Acquired Infections Therapeutic Market |
Market Size in 2019 | USD 10.3 Billion |
Market Forecast in 2026 | USD 12.5 Billion |
Compound Annual Growth Rate | CAGR of 2.4% |
Number of Pages | 110 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Merck & Co., Inc., Pfizer Inc., Bayer AG, GlaxoSmithKline Plc., Daiichi Sankyo Company, Limited, AbbVie Inc., Abbott Laboratories, F. Hoffmann-La Roche Ltd., Cubist Pharmaceuticals, Inc., and Allergan Plc. among others |
Segments Covered | By Drug Class, By Infection Type And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2019 |
Historical Year | 2015 to 2019 |
Forecast Year | 2020 - 2026 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Hospital Acquired Infections Therapeutic Market is segmented based on drug class, infection type and region.
On the basis of drug class, the Hospital Acquired Infections Therapeutic Market is segmented into Antibacterial Drugs, Antiviral Drugs, Antifungal Drugs. In 2019, the Antibacterial Drugs dominated the market as most of the cases were caused due to bacteria and thus treated with antibacterial drugs.
Based on infection type, the Hospital Acquired Infections Therapeutic Market is bifurcated into Urinary Tract Infections, Ventilator-associated Pneumonia, Surgical Site Infections, Bloodstream Infections, Other Hospital Infections. In 2019, the Surgical Site Infections held the maximum number of shares due to the rising number of surgical procedures and cases.
Europe dominated the market for Hospital Acquired Infections due to the high prevalence of HAIs in European countries and increasing approvals and launch of novel HAI therapeutic drugs in the region. Furthermore, higher accessibility of novel hospital-acquired infection therapeutics in the European is further expected to drive the growth of the region.
In Asia Pacific, the market for HAIs therapeutics is anticipated to show significant growth during the forecast period due to factors such as increasing prevalence of chronic diseases in emerging economies such as India and China which has led to increased hospitalizations.
The key players are forming various strategies such as product launches, collaborations, product development to gain competitive advantage in the market.
FrequentlyAsked Questions
The Global Hospital Acquired Infections Therapeutic Market was valued at USD 10.3 billion in 2019.
The Global Hospital Acquired Infections Therapeutic Market is expected to reach USD 12.5 billion by 2026 at a CAGR of 2.4 % during the forecast period.
Some of the key factors driving the Global Hospital Acquired Infections Therapeutic Market growth are increase in number of hospital admitted patients , improved diagnostics capable of differentiating strains of microbes, the rising geriatric population, increase in R&D investments, etc.
. Europe dominated the market for Hospital Acquired Infections due to the high prevalence of HAIs in European countries and increasing approvals and launch of novel HAI therapeutic drugs in the region. Furthermore, higher accessibility of novel hospital-acquired infection therapeutics in the European is further expected to drive the growth of the region.
In Asia Pacific, the market for HAIs therapeutics is anticipated to show significant growth during the forecast period.
Some of the major companies operating in the Global Hospital Acquired Infections Therapeutic Market are Merck & Co., Inc., Pfizer Inc., Bayer AG, GlaxoSmithKline Plc., Daiichi Sankyo Company, Limited, AbbVie Inc., Abbott Laboratories, F. Hoffmann-La Roche Ltd., Cubist Pharmaceuticals, Inc., and Allergan Plc. among others.
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