Advancing Life Sciences Studies to Augur Well for Bioinformatics Market Demand and Deployment

With intense rivalry between Pfizer Inc., Bayer AG, GlaxoSmithKline Plc, Merck & Co., and Astra Zeneca Plc, the global hospital infection therapeutics market has been demonstrating a high degree of competition, finds a report by Transparency Market Research (TMR). Hitherto, these companies relied upon the introduction of new and improved therapeutic drugs in a bid to sustain. However, in the long run, they will need to look more closely at exploring mergers, acquisitions, and strategic partnerships to create new possibilities in order to expand further.

The report projects the global market for hospital infection therapeutics to attain an opportunity worth US$3.6 bn by 2020, rising from US$3.0 bn in 2013 at a CAGR of 3.10% during the period from 2014 to 2020.

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Hospital Infection Therapeutics to Gain Impetus from Increasing Incidence of Hospital-Acquired Infections

“Hospital-acquired infections have been considered as one of the prime threats to human health by healthcare organizations around the world,” says an analyst at TMR. According to the WHO, of the overall pool of hospitalized patients, 7% patients in developed economies and 10% in emerging economies were diagnosed with at least one form of hospital-acquired infections in 2013.

As the prevalence these infections is increasing significantly, the demand for hospital infection therapeutics is witnessing a substantial rise worldwide. Apart from this, the high susceptibility to infections among newborn babies in a healthcare setting is also fueling the application of hospital infection therapeutics across the world.

Inefficiency of Hospital Infection Therapeutics on Multi-drug Resistant Bacterial Strains to Limit Application

Though analysts predict the demand for hospital infection therapeutics to register a steady progress in the near future, a number of factors are likely to...