Infection Surveillance Solutions Market to Reach Approximately US$ 1.32 Billion By 2026 | CAGR: 14.0%
The global infection surveillance solutions market was valued around US$ 305.1 Mn in 2017 and is anticipated to expand at a stable CAGR above 14.0% during the forecast period 2018 to 2026. According to the report titled ldquo;Infection Surveillance Solutions Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2026rdquo;. Rise in number of surgeries, growing prevalence of healthcare associated infections (HAIs), increasing adoption of automation and government initiatives have increased the growth of the global Infection Surveillance Solutions market. The market in the North America is likely to expand at significant CAGR due to numerous advancements in healthcare infrastructure, rising incidence of HAIs and strong government initiatives in the region.
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Increasing healthcare infrastructure development scenario to fuel the growth for software segment
In terms of product and services, the global infection surveillance solutions market is bifurcated into software and services. Software segment accumulated the highest market share in 2017 and anticipated to dominate the market throughout the forecast period. The software segment is further categorized into on-premise and web-based software. The web based software is foreseen to witness the most noteworthy CAGR during the forecast period. The development of the sub-section can be credited to its advantages over on-premise software including accessibility in various designs, fast return investment, and ongoing technological innovations. In addition, medicinal services IT organizations are mainly focusing on innovative data management solutions that make collection of electronic health records (EHR), through their software. Moreover, the services segment is projected to exhibit a higher CAGR during the forecast period due to higher adoption of software packages in healthcare facilities.
On the other hand, by infection type, the infection surveillance solutions market has been segmented into urinary tract infections (UTI), surgical site infections (SSI), blood stream infections (BSI), and others. Tract infections (UTI) segment is likely to maintain its dominance over the forecast period.
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Increasing occurrences of healthcare associated infections (HAIs) surging the demand for infection surveillance solution
Hospital related diseases in a clinical setting including urinary tract disease, and pneumonia and other infectious diseases are expanding because of contaminated instruments and devices, bed materials and patient garments and others. This has provoked healthcare experts and clinics to adopt infection surveillance system in order to recognize possible healthcare related infections. These systems also help in diagnosing various infections due to non hygienic medical devices and antibiotic resistant organisms (AROs). Infection surveillance solutions include fully automated HAI surveillance, specific data mining software, usage of algorithms with electronic medical records that helps in early identification of certain clinical infections.
Geographically, the global infection surveillance solutions market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In 2017, North America was the topmost revenue generating region owing to the early adoption of advanced clinical products and continuous development of healthcare infrastructure in the region. North America is anticipated to grow at significant CAGR over the forecast period. Rising incidence of HAIs and Strong government initiatives in the U.S. and Canada are fueling the growth of domestic market. Prominent players from the region are making considerable investments in order to introduce advanced infection surveillance solutions. Asia Pacific is also expected to show significant growth rate during the forecast period owing to the rising medical tourism and improving healthcare infrastructure. However, the lack of awareness among people towards automation and availability of advanced systems are some of the challenging factors for infection surveillance solutions market in Asia Pacific.
Becton, Wolters Kluwer N.V, Baxter International Inc., and Gojo Industries are likely to contribute highest market share in the global infection surveillance solutions market.
The company profiling of key players in the global Infection Surveillance Solutions market includes company overview, major business strategies and revenues. The key players of the market are Becton, Premier Inc., Wolters Kluwer N.V, Dickinson and Company, Gojo Industries, Baxter International Inc., RL Solutions, Truven Health Analytics and Premier Inc. Industry participant battle on the basis of price, new innovated product launch, and expanding market presence.
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