Hospital Acquired Infections Therapeutic Market Size Worth $12.5 Billion By 2027: Grand View Research, Inc.

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Feb 16, 2021, 04:35 ET

SAN FRANCISCO, Feb. 16, 2021 /PRNewswire/ -- The global hospital acquired infections therapeutic market size is expected to reach USD 12.5 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.4% from 2020 to 2027. The high prevalence of HAIs, rise in approval and launch of new drugs, and growing hospitalization due to the rise in prevalence of chronic diseases are driving the market.

Key suggestions from the report:

Antibacterial drugs dominated the drug class segment in 2019, owing to the high adoption of antibiotics as the first line of treatment for hospital-acquired infections (HAIs)
The surgical site infections (SSIs) segment held the largest market share in 2019 due to the rising number of surgical procedures and subsequent rising cases of SSIs
The urinary tract infections (UTIs) segment is anticipated to show the fastest growth rate during the forecast period owing to the growing number of UTI cases and rising awareness among people about the disease condition in less-developed countries
The introduction of novel drugs by key players, for instance, Merck to treat ventilator-associated pneumonia has led to a high growth of the market
The high prevalence of HAIs in the European countries is the major factor significantly driving the demand for its medications in this region
Growing awareness levels about various risk factors associated with HAIs in ICU and other emergency care settings is expected to propel market growth in the Asia Pacific region

Read 120 page research report with ToC on "Hospital Acquired Infections Therapeutic Market Size, Share & Trends Analysis Report By Drug Class (Antibacterial Drugs, Antiviral Drugs, Antifungal Drugs), By Infection Type, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/hospital-acquired-infections-therapeutic-market

According to the data published by the New York State Department of Health in November 2019, around 160 hospitals in New York reported total cases of around 1,139 colon SSIs out of 19,732 procedures in 2018, a rate of 5.8 infections per 100 procedures. The same source also states that in 2018, around 15,310 cases of Clostridioides difficile infections (CDI) were reported in acute care hospitals located in New York. Such, high prevalence of hospital-acquired infections is anticipated to significantly raise the demand for its treatment therapies and support the HAIs therapeutics market growth over the forecast period.

Furthermore, key players in the market are involved in extensive R&D initiatives for the development and indication expansion of its already approved drugs for HAI treatment. For instance, in February 2018, the FDA approved Allergan plc's supplemental New Drug Application (sNDA) and expanded the approval of Avycaz (ceftazidime and avibactam) to include the treatment of HABP/VABP and hospital-acquired bacterial pneumonia.

Grand View Research has segmented the global hospital acquired infections therapeutic market report on the basis of drug class, infection type, and region:

HAIs Therapeutics Drug Class Outlook (Revenue, USD Million, 2016 - 2027)

Antibacterial Drugs

Cell Wall Synthesis Inhibitors
Protein Synthesis Inhibitors
Others

Antiviral Drugs
Antifungal Drugs

HAIs Therapeutics Infection Type Outlook (Revenue, USD Million, 2016 - 2027)

Urinary Tract Infections
Ventilator-associated Pneumonia
Surgical Site Infections
Bloodstream Infections
Other Hospital Infections

HAIs Therapeutics Regional Outlook (Revenue, USD Million, 2016 - 2027)

North America

U.S.
Canada

Europe

Germany
U.K.
Spain
France
Italy
Russia

Asia Pacific

Japan
China
India
South Korea
Singapore

Australia

Latin America
Brazil
Mexico
Argentina

Saudi Arabia
South Africa
UAE

List of Key Players of Hospital Acquired Infections Therapeutic Market

Merck & Co., Inc.
Pfizer Inc.
Bayer AG
GlaxoSmithKline Plc.
Daiichi Sankyo Company, Limited
AbbVie Inc.
Abbott Laboratories
F. Hoffmann-La Roche Ltd
Allergan Plc.

Find more research reports on Pharmaceuticals Industry, by Grand View Research:

Antiviral Drugs Market – The global antiviral drugs market size was valued at USD 56.4 billion in 2019 and is expected to register a CAGR of -2.3% over the forecast period.
Hospital Acquired Infections Diagnostics Market – The global Hospital Acquired Infection (HAI) diagnostic market size was estimated to be USD 3.6 billion in 2015.
Infection Surveillance Solutions Market – The global infection surveillance solutions market size was valued at USD 303.7 million in 2017.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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