New York City, New York, March 10, 2016– Malnutrition and poor sanitation are a major cause of hospitalization in the economically weak population worldwide, states a recent market study from Persistence Market Research (PMR). For such reasons, the global hospital-acquired infections (HAIs) control market is poised to grow at a healthy CAGR of 8.5% from 2014 to 2015.
The market, with a valuation of US$50,807.0 million in 2014, is expected to be valued at US$82,889.4 million in 2020, says PMR. The research report, titled “Global Market Study on HAIs Control: Cleaning and Sterilization to Witness Highest Growth by 2020”, is available for sale on the company website.
The report provides comprehensive analysis of market dynamics for HAIs control, taking into account market drivers, trends, restraints, and strategic developments.
The global HAIs control market is observing significant growth owing to the increasing prevalence of hospital-acquired infections and growing geriatric population worldwide. Additionally, initiatives carried out by government and other agencies to prevent HAI, and hot and humid environmental conditions in several regions around the world, which are conducive to the growth of microbes that cause HAIs, are driving the HAIs control market.
However, factors such as the lack of sufficient primary healthcare facilities and limited awareness about HAIs, due to lack of higher education, restrain the global HAIs control market.
According to the report, new product development and growing popularity of gas plasma sterilization technology are some of the trends that have come to the fore in the HAIs control market
Hospital-acquired infections (HAIs) are infections that are developed during the hospital stay of patients. These infections develop due to the spread of pathogens such as viruses, parasites, bacteria, and fungi from a healthcare giver to a patient or from one patient to another.
Poor infrastructure, absence of proper sanitation in hospitals, and lack of hygiene awareness among the ancillary personnel in hospitals are some of the common causes elevating the number of HAI cases. Lack of training for healthcare personnel to adopt hygienic practices also contributes to the spread of HAIs.
Additionally, malnourished individuals with low immunity and aged people have a high risk of developing hospital-acquired infections. HAIs develop as a result of direct or indirect transfer of microbes.
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The report identifies North America, Asia, Europe, and Rest of the World (RoW) as the key regional segments of the HAIs control market. North America is further segmented into the U.S. and the rest of North America, of which the U.S. accounts as the largest market for HAIs control in the region. This is attributed to substantial use of technology for healthcare and persistent efforts for improved healthcare facilities in the region.
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However, Asia is anticipated to witness high growth in the HAIs control market in the next few years. High prevalence of HAIs and increasing demand from consumers for advanced healthcare facilities is boosting the HAIs control market in the region.
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The report states that the global HAIs control market is highly concentrated, with a few top companies controlling the market. Steris Corporation is a major player for cleaning and sterilization in the overall HAIs control market, accounting for almost 25% of the overall cleaning and sterilization market for HAIs control.
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