North America dominates HAI control market with market expected to reach $34.4M by 2020: 7 things to know

The hospital-acquired infection control market is projected to rapidly expand through 2020, a Persistence Market Research report found, according to medgadget.

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Here are seven things to know:

1. In 2014, the market was valued at $50.8 million.

2. The market is expected to reach $82.9 million by 2020, increasing at a compound annual growth rate of 8.5 percent.

3. Factors driving market growth include a rising aging population and a higher incidence of HAIs.

4. A lack of primary healthcare facilities and infrastructure may hinder market growth.

5. North America currently dominates the market, with the market valued at $21.32 million in 2014.

6. By 2020, the North American HAI control market is projected to reach $34.43 million, with a CAGR of 8.3 percent.

7. The Asia-Pacific region will likely expand due to a higher prevalence of HAIs in this region.

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