Americas Hospital Acquired Infection Testing Market

Market Snapshot

Fact.MR's Americas hospital acquired infection testing industry analysis predicts the market to attain a valuation of US$ 2.7 Bn by the end of the decade, which is more than 4X more than its worth at present. This research survey forecasts the market to expand at a significant CAGR of around 13% through 2031, with the U.S. slated to account for over 55% market share.

Key Analysis Offered in Americas Hospital Acquired Infection Testing Industry Survey

• Market Estimates and Forecasts 2016-2031
• Key Drivers and Restraints Impacting Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis by Key Players
• Key Product Innovations and Regulatory Scenario
• COVID-19 Impact on Demand for Hospital Acquired Infection Testing and How to Navigate
• Recommendation on Key Winning Strategies

Demand Analysis of Hospital Acquired Infection Testing from 2016 to 2020 Compared to Market Outlook for 2021-2031

According to Fact.MR, a market research and competitive intelligence provider, the America’s hospital acquired infection testing market is valued at US$ 594.8 Mn in 2020, and has been expanding at a CAGR of 12.8% over the past five years.

Rise in incidence of hospital associated infections, increasing prevalence of chronic diseases, and government initiatives to control and create awareness regarding hospital acquired infections are expected to have a positive impact on market growth.

Also, increase in cases of surgical site infections will further augment growth of the hospital acquired testing industry.  Rise in risk due to admission of COVID-19 patients has further created widespread demand for hospital acquired infection testing kits. Growth of the market is being further augmented by the introduction of new products.

Fact.MR expects the Americas hospital acquired infection testing market to surge at 15% CAGR through 2031.

How are Rising Cases of Surgical Site Infections Impacting Market Growth?

Rise in surgical procedures are elevating the risk of contracting surgical site infections. Surgical site infections (SSIs) are the most commonly reported healthcare-acquired infections and surgical complication in both, developed and developing countries.

SSI can result in increased morbidity and mortality, prolonged hospital stay, increased hospital readmissions, and even reoperation and elevated costs.

According to a study, in the United States, SSI is found to be a serious complication with an incidence of 2%-5% in patients undergoing surgery, complicating approximately 300,000 to 500,000 surgeries per year and costing the healthcare system upward of US$ 1.6 Bn.  

SSI leads to serious consequences, including increased costs due to its treatment and longer length of hospital stay, adding to the financial burden on patients.

Thus, growing incidence of surgical site infections will create demand for better diagnostics and treatment options, as such highlighting the importance of hospital acquired infection testing in the Americas.

What are the Key Opportunities for Hospital Acquired Infection Testing Kit Manufacturers?

Medical tourism in Latin American countries provides and array of opportunities for the growth of hospital acquired infection testing industry. Leading destinations industry include Mexico, Costa Rica, Brazil, and the Domination Republic, as these countries offer a range of healthcare services at affordable prices as compared to developed economies.

Increasing medical tourism is expected to aid the growth of emergency medicine services, including the use of ambulances, ambulatory surgical centers, and hospitals, which, in turn, will create demand for hospital acquired infection testing kits.

What is Restraining Demand for Hospital Acquired Infection Testing in the Americas?

There are various barriers that service providers have to face while introducing new tests or kits in the market. One amongst these is stringent government regulations. Diagnostic kits that are developed by independent medical device manufacturers and sold to medical laboratories are subjected to strict regulatory guidelines and a lengthy FDA approval process.

Moreover, tightening of regulatory grip of the FDA on certain home-grown diagnostic kits further threatens to put a stranglehold on the development and implementation of innovative diagnostics by clinical laboratories in the U.S.

Thus, stringent regulatory guidelines are expected to restrain the growth of the HAIs testing market over the coming years.

Country-wise Insights

How Lucrative is the Opportunity for Hospital Acquired Infection Testing Kit Manufacturers in the U.S.?

The U.S. is estimated to account for nearly 58% share in 2021, and represents the largest regional market in the Americas HAI testing market. Longer hospital stays and subsequent risk of developing HAIs are factors that are driving demand for HAI testing kits.

Also, significant awareness and focus on reducing hospital readmission rates through various awareness programs and high priority towards reducing economic burden caused by HAIs are providing lucrative opportunities regional market growth.

What are the Key Factors Enabling Growth of the Market for Hospital Acquired Infection Testing in Brazil?

Brazil accounted for over 32% market share of Latin America in 2020. Gradual improvement in healthcare in the country over the past decade has contributed to the growth of the market.

Additionally, rise in patient pool and growing medical tourism industry in the country are significant contributing factors for rising sales of hospital acquired infection test kits.

What is Scope of Growth for Hospital Acquired Infection Testing in Mexico?

The market for hospital acquired infection testing in Mexico is set to exhibit over 20% CAGR, and is expected to account for nearly 28% of the Latin American for hospital acquired infections (HAI) diagnostics market.

Emerging economies such as Mexico show significant potential to capitalize on the growth opportunities in this region, primarily due to continuous improvements in healthcare infrastructure and rising need for hospital acquired infection prevention.

Category-wise Insights

Why is Demand for MRSA Kits on the Rise?

Followed by helicobacter pylori testing kits, MRSA kits are expected to account for the second-largest market share of 24%. High share of this test is primarily attributed to growing prevalence of hospital acquired MRSA infections.

Why are Blood Samples Preferred for Determining Hospital Acquired Infections?

Blood samples are the most preferred for determining HAIs. The segment is projected to expand at a CAGR of 12% during the forecast period. Growing cases of catheter-related blood stream infections due to prolonged hospital stays are anticipated to boost demand for blood sample testing.

Demand for urinary tract infection (UTI) testing is also seeing a notable rise, as is demand for methicillin-resistant staphylococcus aureus (MRSA) testing.

What is the Future Outlook for Immunoassay Testing?

Immunoassay testing will continue to grow at a significant rate at a CAGR of 16.7% during the study period. Ability of diagnostic laboratories to manage high sample volume is a key factor fueling the growth of this segment.

Further, diagnostic labs are well-equipped with advanced technological instruments that provide more accurate results. This is another factor that has had a positive impact on market growth.

What is Scope of Growth for Home Care Testing for Hospital Acquired Infections?

Despite diagnostic laboratories currently dominating the market with 35.8% value share, home care testing for hospital acquired infection control is expected to witness significant growth at 23% CAGR.

Demand for point-of-care testing owing to its rapid, accurate results with quick turnaround time is one of the key factors driving demand for home care testing of HAIs.

Apart from these, increasing ageing population demanding healthcare services, specimen stability and ease of handling, improved patient outcomes, reduction of unnecessary hospital visits, and improved patient outcome are some other factors contributing to higher growth of this end-user segment.

What Is the Impact of COVID-19 on Hospital Acquired Infection Testing in the Americas?

The COVID-19 pandemic is expected to have a moderately positive impact on the overall growth of the Americas HAIs testing market. Advancements in technologies have led to preference of point-of-care testing over conventional methods. This supported healthy growth in demand for point-of-care testing kits amid the pandemic.

Competitive Landscape

The Americas hospital acquired disease testing market is marked by the presence of emerging as well as established market players. Need to reduce HAIs has motivated key players to launch new and innovative products in the market.

Further to strengthen their footprint in the Americas, key players are focused on pursing mergers and acquisitions as their key growth strategy.

• In December 2019, Hoffmann-La Roche Ltd. received FDA approval for the cobas vivoDx MRSA test, a diagnostic test based on bacterial viability and novel technology to detect methicillin-resistant Staphylococcus aureus (MRSA) bacterial colonization, a widespread cause of hospital-acquired infections. The test uses a new bacteriophage technology based on bioluminescence to detect MRSA from nasal swab samples, in five hours.

Hospital Acquired Infection Testing Market Report Scope

Segments as per Americas Hospital Acquired Infection Testing Industry Research

• By Test

  • MSRA Testing Kits
    • MRSA Real-Time PCR Detection Kits
    • MRSA Rapid Test Kits
  • Staphylococcus aureus Detection Kits
    • Staphylococcus aureus Latex Test Kits
    • Staphylococcus aureus Assay Test Kits
  • Clostridium difficile Testing Kits
    • Clostridium difficile Detection Panels
    • Clostridium difficile Immunoassay Kits
  • Helicobacter pylori Testing Kits
    • Helicobacter pylori Rapid Antigen Test Kits
    • Helicobacter pylori IgG antibodies Test Kits
  • Rotavirus/ Adenovirus Real-time PCR Kits
    • RSV RT-PCR Test Kit
    • RSV Ag Rapid Test Kits
  • Strep A Rapid Testing Kits
  • Strep B Rapid Testing Kits
  • Mononucleosis Testing Kits
  • Calprotectin Test Kits

• Modality

  • Immunoassay Testing
  • Point-of-care Testing

• By Sample

  • Blood
  • Nasal Swabs
  • Urine
  • Stool

• By End User

  • Hospitals
  • Diagnostic Laboratories
  • Cancer Research Institutes
  • Specialty Clinics
  • Home Care Settings

Americas Hospital Acquired Infection Testing Market - Scope of Report

A latest publication by Fact.MR on the Americas hospital acquired infection testing market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market. The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market. The principal aim of the market study is to present exclusive information about how the market will perform during the forecast period of 2021-2031.

Important indicators for the successful growth of the market are presented in this comprehensive report, including Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR's study. This research study can support readers to know the demand for hospital acquired infection testing products and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in the market, including investors, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in this space. Insights and analysis presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, reporters, as well as business enthusiasts.

Market statistics as well as information linked to the macro- as well as micro-economic variables affecting the business scenario in the hospital acquired infection testing market are also included in the current study. Depending on potential developments in the market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this report, minor companies and new entrants in the hospital acquired infection testing industry can be aided in making suitable company choices to achieve traction in the market.

Key Questions Answered in Report

• Which geographic regions will continue to remain most profitable markets for hospital acquired infection testing?
• Which parameters will bring a change in the demand for hospital acquired infection testing during the forecast period?
• How will changing trends impact the market?
• How will the COVID-19 pandemic impact market growth?
• How can market players capture the low-hanging opportunities in developed regions?
• What are the winning strategies of stakeholders in the hospital acquired infection testing market to upscale their position in this landscape?
• What are the restraints that investors need to be aware of and might tackle while investing in the market?
• What are the developmental trends that will impact the market?
• How can businesses in hospital acquired infection testing market avail the growth opportunities in developed and emerging sectors?

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the hospital acquired infection testing market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts to ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the study include statistics from governmental organizations, trade journals, white papers, internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes Fact.MR’s projections on the growth prospects of the hospital acquired infection testing market more accurate and reliable.