Antimicrobial Additives Market : Trends, Growth Opportunities and Industry Statistics
The global antimicrobial additives market size is expected to reach USD 4.66 billion in 2028 and register a CAGR of 8.3% over the forecast period, according to a latest report by Reports and Data. Rising demand for antimicrobial additives in the healthcare industry across the globe is anticipated to drive market revenue growth in the forthcoming years. Increasing cases of Healthcare-associated Infections (HCAIs) and Hospital-acquired Infections (HAIs) worldwide is also contributing to growing utilization of antimicrobial additives for the production of medical devices. According to the Centers for Disease Control and Prevention (CDC), every year, HAIs account for an estimated 1.7 million infections and 99,000 associated deaths in American hospitals alone. Out of the total number of infections, 32% of all HCAIs are urinary tract infections, 15% are lung infections, 22% are surgical site infections, and 14% are bloodstream infections. Antimicrobial additives are special...