Hospital acquired infections are infections acquired in hospital or health care facility by a patient admitted for reason other than the infection. It is also called nosocomial infection. All hospitalized patients are susceptible to hospital acquired infections. Patients who have undergone surgery, elderly patients, and children are more prone to hospital acquired infections. The most common infections include respiratory infections, surgical-site infection, gastrointestinal infections, urinary tract infection, bloodstream infections, cardiovascular system infections, and bone & joint infection. A report published by WHO in 2002, stated that hospital acquired infections occur worldwide and affect both developed and developing countries and are major causes of death among hospitalized patients.

Rise in prevalence of hospital acquired infections globally, increase in awareness about hospital acquired infections, improved health care infrastructure, surge in R&D spending, technological advancements, and increase in government initiatives are the major drivers of the global hospital acquired infections diagnostics market. However, limited awareness in low and medium income countries about hospital acquired infections acts as a major restraint of the global market.

The global hospital acquired infections diagnostics market can be segmented based on product, test type, infection, application, and end-user. In terms of product, the global market can be classified into instrument, reagents, consumables, and others. The reagents segment dominated the market in 2018, and the trend is projected to continue during the forecast period. Growth of the segment is attributed to low awareness and high prevalence of hospital acquired infections in low and middle income countries. Based on test type, the global hospital acquired infections diagnostics market can be bifurcated into molecular diagnostics and in vitro diagnostic tests. The molecular diagnosis segment dominated the market in 2018 and is expected to continue to dominate the market during the forecast period. In terms of infection, the market can be divided into urinary-tract infections, surgical site infections, respiratory infections, intestinal infections, bloodstream infections, and others. The respiratory infections segment dominated the market in 2018 due to high prevalence of pneumonia in hospitalized patients. Based on application, the global hospital acquired infections diagnostics market can be categorized into disease testing and drug-resistance testing. The drug-resistance testing segment dominated the market in 2018 and is projected to sustain its leadership position in terms of market share during the forecast period. In terms of end-user, the global hospital acquired infections diagnostics market can be categorized into hospitals, ambulatory surgical centers (ASCs), diagnostic centers, and others. The hospitals segment dominated the market in 2018 and the trend is anticipated to continue from 2018 to 2026.

In terms of region, the global hospital acquired infections diagnostics market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2018. The region is projected to constitute significant market share during the forecast period. The market in the region is anticipated to grow at a rapid pace due to increase in the geriatric population and adoption of advanced diagnostic equipment. The market in Asia Pacific is expected to expand at a high CAGR in the next few years, due to rise in awareness about hospital acquired infections and improvement in health care infrastructure in developing countries.

Major players operating in the global hospital acquired infections diagnostics market include bioMérieux SA, Becton, Dickinson and Company, Johnson & Johnson Services, Inc. (Advanced Sterilization Products), 3M, Hardy Diagnostics, STERIS plc, Getinge AB, and Belimed AG.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hospital Acquired Infections Diagnostics Market

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