The hospital-acquired infection control market is set to substantially expand through 2020, a Persistence Market Research report found, according to medGadget.
Here are five key points:
1. In 2014, the market totaled $50.81 billion.
2. The report expects the market to exceed $82.89 billion by 2020, increasing at an 8.5 percent compound annual growth rate.
3. A growing aging population and increasing HAI prevalence are spurring growth.
4. An insufficient number of primary healthcare facilities and a lack of infrastructure may hinder market growth.
5. North America holds the largest market share due to improved healthcare facilities. This sector had an $21.32 billion estimated value in 2014.