SEATTLE, April 10, 2020 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global hospital-acquired disease testing market is estimated to be valued at US$ 925.4  million in 2019, and is expected to exhibit a CAGR of 20.0% over the forecast period (2019-2027).

Key Trends and Analysis of the Global Hospital-acquired Disease Testing Market:

Key trends in the market include increasing incidence of hospital-acquired infections such as ventilator-associated pneumonia [VAP]), urinary tract infections (UTI), increasing number of product launches, and collaborations and acquisitions among key market players. According to the Centers for Disease Control and Prevention (CDC), 2018, about one in 31 patients in the U.S. has at least one hospital-associated infection at any given day. Furthermore, according to the California Department of Public Health, 2017, nearly 80% of the urinary tract infections are catheter associated (CAUTI).

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The increasing number of product launches is expected to drive growth of the global hospital-acquired disease testing market over the forecast period. For instance, in October 2019, Luminex Corporation received 510k clearance from the U.S. Food and Drug Administration (FDA) for its ARIES MRSA assay. The assay is a real-time, polymerase chain reaction (PCR) based, in vitro diagnostic test designed for the detection of methicillin-resistant Staphylococcus aureus (MRSA) DNA.  

Furthermore, key players operating in the market are focused on strategic acquisitions and collaborations to enhance their geographical presence in the market. For instance, November 2018, – BioMérieux, acquired majority stake of Hybiome Biomedical Engineering Co. Ltd, a China based diagnostic tool provider, to strengthen its presence in China.

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Key Market Takeaways:

• The global hospital-acquired disease testing market is expected to exhibit a CAGR of 20.0% over the forecast period owing to rising incidence of chronic diseases and increasing number of product launches. According to an article published in the Journal of Nursing & Health Sciences in 2016, the prevalence rate of hospital-acquired diseases was around 5.1% to 11.6% in emerging economies.
• North America is expected to hold a dominant position in the global market owing to presence of key players in the region such as Luminex Corporation, Diatherix laboratories, and Life technologies, as well as increasing incidence of hospital-acquired infections. For instance, in April 2017, Patrona Medical, a medical device company, and Kopis, collaborated to develop Foley Garde solution, an automated interface between monitoring systems and patient care providers. The Foley Garde solution is designed to detect the catheter-associated urinary tract infections.

Key players operating in the global hospital-acquired disease testing market are—
Luminex Corporation, Diatherix laboratories, Life Technologies, Cantel Medical Corporation, Meridian Biosciences Inc, Nordion Inc, Qiagen GmbH, F.Hoffmann-La Roche Ltd., Biomérieux, and Cepheid.

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Market Segmentation:

• Global hospital-acquired disease testing Market, By Test Type:
  • Urinary Tract Infection
  • Surgical Site Infection
  • Pneumonia Stents
  • Blood Stream Infection
  • Methicillin-resistant Staphylococcus Aureus (MRSA)
  • Others
• Global hospital-acquired disease testing Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • • Others
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa

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