Control Authorities to Regulate Demand for Hospital-Acquired Diseases Testing Market

The health watchdogs are raising concerns about the growing prevalence of hospital-acquired diseases across the globe. As per a report by the World Health Organization (WHO), of every 100 hospitalized patients at a particular time, 10 in developing and 7 in developed countries will suffer from at least one hospital-acquired disease or nosocomial disease. The rising incidence of hospital-acquired diseases is emerging as a challenge to the growth of economies, especially developing and underdeveloped economies.

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Owing to these factors, Transparency Market Research (TMR) forecasts the global hospital-acquired disease testing market to gain significant momentum in the coming years. According to a report by TMR, the valuation of global hospital acquired disease testing market was US$416.7 mn in 2014 and is anticipated to reach US$2.07 bn by 2023, progressing at a 19.9% CAGR from 2015 to 2023.

The problem of rising prevalence of hospital-acquired diseases is further amplified by the fact that above 70% of the known disease-causing microorganisms have become highly resistant to anti-bacterial drugs. This has escalated the need for latest technologies that are more efficient and reliable. The development of newer technologies is likely to provide notable growth opportunities to the global hospital-acquired diseases testing market. Moreover, the adoption of improved surveillance culture by several hospitals across the globe is facilitating the detection of pathogen-colonized patients and the prevention of transmission of diseases.

Other than hospitals, governments are also taking measures to prevent hospital-acquired diseases. For instance, the U.S. have codes and regulations such as the HHS Action Plan that work towards establishing improved healthcare facilities at affordable costs. The regulatory authorities have also started penalizing...