Worth billions!20 Oct 2023 16:01
The potential value of Steriwave® photodisinfection is difficult to estimate, but it has the potential to be a multi-billion dollar market. The global market for infection prevention and control is estimated to be worth over $100 billion, and the market for antibiotic resistance solutions is estimated to be worth over $20 billion. Steriwave® photodisinfection could address both of these markets.
In addition to the direct market for Steriwave® photodisinfection, the technology also has the potential to generate significant cost savings. For example, a study published in the Journal of Hospital Infection found that Steriwave® photodisinfection reduced the rate of surgical site infections by 78%. This could lead to significant savings in hospital costs, as surgical site infections are a major cause of hospital readmissions.
Overall, the potential value of Steriwave® photodisinfection is significant. The technology has the potential to address a major public health threat and to generate significant cost savings. If Steriwave® photodisinfection can be proven to be safe and effective in clinical trials, it could be a valuable tool in the fight against antibiotic resistance.