Number of pages: 100 | Report Format: PDF | Published date: September 08, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
USD 3.67 billion |
Revenue forecast in 2030 |
USD 7.14 billion |
Growth Rate |
CAGR of 7.7% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
Product, Test Type, Application, Infection Type, End User and Region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study conducted by Growth Plus Reports, the global hospital-acquired disease testing market was pegged at US$ 3.67 billion in 2021 and is expected to register a revenue CAGR of 7.7% to reach US$ 7.14 billion by 2030.
Market Fundamentals
Nosocomial infection, also known as hospital-acquired disease, is a localized or systemic ailment in patients that develops because of infectious agents while receiving medical care and were not present at the time of admission. Longer hospital stays, antimicrobial resistance, permanent disabilities, and a higher mortality rate are all implications of hospital-acquired infections. Viruses, fungal parasites, and bacteria all serve as pathogens that cause illnesses that patients contract while hospitalized. Moreover, infections at the surgical wounds, pneumonia linked to ventilators, and urinary tract infections linked to catheters are among illnesses acquired in hospitals. Microarray, PCR, and solid phase hybridization are the methods utilized for disease testing, diagnosis, and prevention that are associated with hospital-acquired conditions.
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Market Dynamics
The prevalence of pathogens, bacterial, fungal, and viral diseases, as well as rising morbidity rates from infections around the globe, are some of the key factors influencing the global market revenue for hospital-acquired disease testing. Another significant factor is the lengthening of hospital stays, which are mostly brought on by hospital-acquired infections. Furthermore, the intensive care units (ICU) and emergency rooms have a higher risk of an HAI (ER). According to CDC estimates, 5% of hospitalized patients contract an HAI in some form within 72 hours of their admission. Excluded from consideration are infections that are still developing but are not yet clinically evident.
Market Ecosystem
The global hospital-acquired disease testing market is analyzed from six perspectives: product, test type, application, infection type, end user, and region.
Hospital-Acquired Disease Testing Market by Product
Based on product, the global hospital-acquired disease testing market is segmented into instruments, reagents, and consumables.
The reagents segment dominates the market in terms of revenue share, owing to low awareness and a high prevalence of hospital-acquired illnesses in low and middle-income nations are attributed to the segment's revenue growth.
Hospital-Acquired Disease Testing Market by Test Type
Based on test type, the global hospital-acquired disease testing market is segmented into molecular diagnostics, immunoassay, and others.
During the forecast period, the immunoassay segment is expected to dominate the global hospital-acquired disease testing market revenue. The increase in cancer cases, infectious disorders, and sudden pandemic outbreaks are all factors contributing to the segment's revenue growth.
Hospital-Acquired Disease Testing Market by Application
Based on application, the global hospital-acquired disease testing market is segmented into disease testing and drug-resistance testing.
The drug resistance testing segment is expected to dominate the global hospital-acquired disease testing market in terms of revenue share during the forecast period.
Hospital-Acquired Disease Testing Market by Infection Type
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Based on infection type, the global hospital-acquired disease testing market is segmented into hospital-acquired pneumonia, bloodstream infections, surgical site infections, gastrointestinal infections, and urinary tract infections (UTI).
The urinary tract infections (UTI) segment is expected to account for the highest revenue growth during the forecast period owing to which the market opportunity for infection diagnostics acquired in hospitals can be credited. Furthermore, pneumonia is also a common diagnosis among hospitalized patients.
Hospital-Acquired Disease Testing Market by End User
Based on end users, the global hospital-acquired disease testing market is segmented into hospitals, standalone laboratories, and others.
The hospital segment dominates the market revenue share owing to the rapid rise of patients and the pandemic outbreak.
Hospital-Acquired Disease Testing Market by Region
Based on region, the global hospital-acquired disease testing market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America is expected to continue its dominance during the forecast period and account for the largest revenue share in the global market. This is due to an aging population, stringent regulatory standards, an improved healthcare infrastructure, a rise in hospital stays, and a rising risk of getting an infection acquired in the hospital.
The market in the Asia Pacific is expected to register the fastest revenue growth during the forecast period due to the region's laxer regulations, rising demand for cutting-edge drugs and treatments, and rising medical tourism.
Competitive Landscape
The prominent market players in the global hospital-acquired disease testing market include:
Strategic development
North America is the key revenue growth region during the forecast period which dominates the global hospital-acquired disease testing market in terms of revenue share.
The increasing incidence of hospital-acquired infections and increasing launches of advanced and efficient testing tools and kits are key driving factors for the market revenue growth of hospital-acquired disease testing.
The prominent market players operating in the global hospital-acquired disease testing market include Abbott Laboratories, Bayer AG, Becton Dickinson & Company, and others.
The global hospital-acquired disease testing market is expected to reach US$ 7.14 billion by 2030.
The global hospital-acquired disease testing market is expected to register a revenue CAGR of 7.7% during the forecast period.
*Insights on financial performance is subject to availability of information in public domain
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