Catheter Related Blood Stream Infection Market is Estimated to Witness High Growth Owing to Rising Prevalence of Nosocomial Infections
Catheter-related bloodstream infections (CRBSIs) refers to infections that occur when bacteria or other germs travel down intravascular catheters into the bloodstream. Catheters are commonly used in hospital settings for the administration of medications, blood products, total parenteral nutrition, or for hemodynamic monitoring. CRBSIs remain a significant cause of healthcare-associated infections and if left untreated can lead to serious complications or even death.
The global Catheter Related Blood Stream Infection Market is estimated to be valued at US$ 1627.61 Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The Global Catheter Related Blood Stream Infection Market Size is estimated to witness high growth owing to rising prevalence of nosocomial infections across healthcare settings. Another major growth driver is the increasing adoption of antimicrobial catheters and accessories to prevent CRBSIs. Furthermore, rising number of surgical procedures requiring catheters and growing geriatric population suffering from chronic diseases is also expected to propel the market growth over the forecast period.
Market Dynamics:
The rising prevalence of nosocomial infections is the key driver for the global Catheter Related Blood Stream Infection Market. According to the Centers for Disease Control and Prevention (CDC), in the U.S., over 700,000 cases of healthcare-associated infections occur each year, resulting in approximately 75,000 deaths. This has heightened the need for adopting preventive measures against nosocomial infections such as CRBSIs. Moreover, increasing adoption of antimicrobial catheters and accessories such as antimicrobial dressings is also fueling the market growth. These catheters contain antimicrobial agents that reduce bacterial colonization.
SWOT Analysis
Strength: Catheter related bloodstream infections are one of the leading causes of hospital acquired infections worldwide. Preventing these infections can help reduce healthcare costs significantly. Advancements in catheter materials and design are helping reduce infection risks. Novel coating technologies are also proving effective in preventing bacterial adhesion and biofilm formation on catheters.
Weakness: There is still a lack of adequate awareness about preventive measures among healthcare workers and patients. Compliance with strict hygiene protocols can be challenging especially in understaffed hospitals. Existing diagnostic tests also have limitations in quickly detecting infecting pathogens.
Opportunity: Growing geriatric population and rising incidence of chronic diseases are increasing demand for long-term catheterization procedures. This is expected to drive the need for effective infection prevention solutions. There is scope for development of novel antimicrobial coatings, rapid diagnostic technologies and digital platforms for remote catheter monitoring.
Threats: Alternative treatment options and non-invasive monitoring technologies pose a threat to long-term adoption of catheters. Stringent regulatory pathways also increase development costs and delays market entry for new products.
Key Takeaways
The global catheter related bloodstream infection market is expected to witness high growth. In 2023, the market size is estimated to reach US$ 1627.61 Mn and exhibit a CAGR of 16% during the forecast period of 2023 to 2030.
North America currently dominates the market owing to advanced healthcare infrastructure and higher adoption of technologically advanced products. Asia Pacific is expected to witness fastest growth supported by rising medical tourism, increasing healthcare spending and growing burden of chronic diseases in major economies like India and China.
Key players operating in the catheter related blood stream infection market are Air2Water LLC, Ray Agua, Akyo Atmospheric Water Systems Pvt Ltd, Eshara Water, Canadian Dew Technologies Inc, and Shenzhen FND Air & Water Technology Development. These companies are focusing on new product launches and enhancing their global presence through partnerships and collaborations to strengthen their market shares.
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