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Showing posts with the label Antimicrobial Additives Market

Why Are Healthcare Facilities Using Antimicrobial Additives?

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The Centers for Disease Control and Prevention (CDC) says that “On any given day, about 1 in 31 hospital patients has at least one healthcare-associated infection (HAI).” The incidence of HAIs is surging due to the frequent outbreaks of life-threatening diseases, such as COVID-19. Thus, the surging public awareness regarding health-related issues, such as harmful microbial spread and hygiene, will create a huge requirement for antimicrobial additives in healthcare facilities in the foreseeable future. Additionally, the expanding healthcare and construction industries will help the antimicrobial additives market advance at a CAGR of 7.4% during 2020–2030. The market revenue stood at $1,753.2 million in 2019, and it is projected to reach $3,784.3 million by 2030. The surging adoption of novel drugs, accessories, and technologies and increasing use of antimicrobial additives are expected to bring a technological transformation in the construction and healthcare sectors. For instance, hea...