Ventilator-associated Pneumonia (VAP) Market likely to experience a steep rise in its growth during the forecast period 2017-2025
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The global ventilator-associated pneumonia (VAP) market is anticipated to grow rapidly in the near future. Major factors driving the market are rise in geriatric population, increase in hospital acquired in infections, and global rise in respiratory infections. One of the important elements affecting helping growth of hospital acquired infections is, ICU patients have prevailing underlying factors which relates to immunodeficiency for example glucocorticoid therapy or diabetes mellitus. These elements increase the risk of ventilator associated pneumonia (VAP). Other factors fueling the growth of the global ventilator associated pneumonia (VAP) market are rise in investments in health care, reimbursement policies in developed nations of North America and Europe, and advancements in technologies. However, high cost of overall treatment, side effects related to treatments, and lack of reimbursement policies in emerging countries are likely to restrain the market.
The global ventilator-associated pneumonia (VAP) market has been segmented based on diagnosis, mode of treatment, and end-user. In terms of diagnosis, the market has been segmented into radiological, microbiological, clinical, and others. Based on mode of treatment, the global ventilator-associated pneumonia (VAP) market has been divided into home care, hospital care, and others. In terms of end-user, the VAP market consists of hospitals, clinics, research facilities, and others.
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Geographically the global ventilator-associated pneumonia (VAP) market has been divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America leads the global market due to better awareness among people about early diagnosis of diseases and rise in the number of respiratory & related infectious diseases. Favorable reimbursement policies and wide acceptance of advanced technologies are the other factors attributed to North America’s dominance of the global market. Europe is also projected to grow quickly, as top players in the market are cooperating with research institutions & labs to develop new innovative products. The market in Asia Pacific is projected to expand at a high growth rate due to increase in disposable income, unmet needs of the rising population, swiftly evolving health care network, improved reimbursement facilities, and health care awareness.
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Key players in the VAP market are Merck & Co., Inc., Adenium Biotech ApS (Denmark), AstraZeneca, MedImmune, Nabriva Therapeutics AG, and Thermo Fisher Scientific.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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