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Catheter-Related Bloodstream Infection Market Size, Analysis, Trends And Strategies 2024-2033
Catheter-Related Bloodstream Infection Market Size
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According to The Business Research Company's, The catheter-related bloodstream infection market size has grown strongly in recent years. It will grow from $1.44 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to the rising incidence of chronic diseases, increased awareness and education, rise in hospital-acquired infections, the growing elderly population, and enhanced infection control programs in hospitals and healthcare settings.
The catheter-related bloodstream infection market size is expected to see strong growth in the next few years. It will grow to $1.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing healthcare-associated infections (hais), rising awareness and training, enhanced awareness and training programs on infection control practices, expansion of healthcare infrastructure, increase in geriatric population, supportive government policies and initiatives. Major trends in the forecast period include biomaterial innovations, smart catheter technology, the development of more effective catheter lock solutions with advanced antimicrobial properties, innovations in sterilization processes for catheters, and automated flushing systems.
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Market Drivers and Trends:
The rising prevalence of hospital-acquired infections is expected to propel the growth of the catheter-related bloodstream infection market going forward. Hospital-acquired infections (HAIs) are infections that patients acquire while receiving treatment for other conditions within a healthcare setting, typically manifesting 48 hours or more after admission. An increase in hospital-acquired infections can be attributed to various factors such as antimicrobial resistance, inadequate infection control measures, and patient susceptibility. Catheter-related bloodstream infections contribute significantly to hospital-acquired infections due to their invasive nature and potential for microbial colonization, posing risks to patients with indwelling catheters. For instance, in January 2023, according to the National Library of Medicine, a US-based biomedical library, the global healthcare-associated infection (HAI) rate was 0.14%, increasing annually by 0.06%. Therefore, the rising prevalence of hospital-acquired infections will drive the growth of the catheter-related bloodstream infection market.
Major companies operating in the catheter-related bloodstream infection market are developing innovative catheter lock solutions to enhance infection prevention and improve patient outcomes. A catheter lock solution is a liquid instilled into a catheter to prevent infections and maintain catheter patency between uses. For instance, in November 2023, CorMedix Inc., a US-based biopharmaceutical company focused on developing and commercializing therapeutic products, received US Food and Drug Administration approval for DefenCath (taurolidine and heparin) catheter lock solution for adult patients with kidney failure undergoing chronic hemodialysis via central venous catheter (CVC). This antimicrobial and antifungal solution is tailored to reduce catheter-related bloodstream infections (CRBSIs), combining heparin for anticoagulation with taurolidine's broad-spectrum antimicrobial properties.
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Major Key Players of the Market:
Pfizer Inc., Johnson & Johnson Services Inc., Novartis AG, 3M Company, Eli Lilly and Company, Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company, Viatris Inc., B. Braun Medical Inc., Aurobindo Pharma Limited, Lupin Ltd., Xellia Pharmaceuticals Ltd., SteriMax Inc., Geistlich Pharma AG, Bactiguard AB, Hetero Healthcare Ltd., TauroPharm GmbH, Advacare Pharma, Citus Pharmaceuticals Inc., CorMedix Inc., JoinHub Pharma LLP, IntegraDose Compounding Services LLC
Catheter-Related Bloodstream Infection Market 2024 Key Insights:
• The catheter-related bloodstream infection market size is expected to see strong growth in the next few years. It will grow to $1.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
• Impact Of Hospital-Acquired Infections On The Catheter-Related Bloodstream Infection Market
• Innovative Catheter Lock Solutions Enhanced Catheter-Related Bloodstream Infection Market
• North America was the largest region in the catheter-related bloodstream infection market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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