LONDON--(BUSINESS WIRE)--Technavio, a tech-focused research firm, has published a new report on the global hospital acquired disease testing market, which is expected to grow at a CAGR of more than 19% from 2015-2019.
The latest report by Technavio analyses the rise in morbidity and mortality from hospital acquired infectious diseases, which had significant economic consequences for healthcare systems. Some of the reasons for the emergence of infectious diseases are global climate change, increase in the use of invasive equipment in hospitals, the aging population, and population explosion.
“There has been a dramatic increase in the number of patients who have succumbed to infectious respiratory, gastrointestinal, and hospital acquired infections. Hence, early diagnosis and regular monitoring of patients with these diseases is essential to identify, treat, and control their spread,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also highlights the mounting pressure on hospitals and other healthcare entities to reduce the healthcare expenditure without compromising the quality of treatment and increase better patient outcomes.
“There is an increasing focus towards early diagnosis and preventive medicine to reduce the length of stay in the hospital and reduce treatment costs,” adds Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Acquired Orphan Blood Diseases Therapeutics Market 2015-2019
- Global Enteric Disease Testing Market 2014-2018
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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