Infection Surveillance Solutions Market size is estimated to reach $987 million by 2025 and is poised to grow at a CAGR of 15.4% during the forecast period 2020-2025. Infection Surveillance Solution deals with the measure of the patient well-being and characteristics of healthcare concerns. Infection surveillance continually monitors and maintains data on HAIs to ensure public health assessment, early detection of disease, and appropriate application of preventive measures. Technological advances in IT sectors lead to the development of automated infection surveillance solutions that offer opportunities for market growth.
By Product- Segment Analysis
On the basis of product, the market is classified as software and services. In 2019, the software segment led the market and is projected to grow with a CAGR of over 14.9% during the forecast period 2020-2025 owing to higher adoption of software packages. In addition, healthcare facilities are increasingly embracing software as the software can be customized for real-time and instant contact tracking tasks and efficient enterprise surveillance.
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By End user – Segment Analysis
The End user segment of Infection Surveillance Solutions Market has hospitals, Long-term Care Facilities and other healthcare centers. Hospitals were the leading revenue contributor in the year 2019 and is poised to grow during the forecast period (2020-2025). Hospitals using surveillance systems are estimated to increase further as there is a need for quicker software tools which analyze the disease pattern.
By Geography - Segment Analysis
North America is dominating infection surveillance solutions market accounting for 47% of the Infection Surveillance Solutions Market share in 2019 and is projected to continue its dominance during the forecast period (2020-2025) owing to better healthcare facilities and higher awareness among the patients. Asia Pacific is forecast to increase its market in the coming years owing to its increasing efforts to prevent HAIs and improve overall healthcare facilities throughout the region.
Drivers – Infection Surveillance Solutions Market
Rise in number of surgeries:
The Infection Surveillance Solutions market is booming as the number of surgeries increases owing to the number of patients with HAIs increases. The Infection Surveillance Solutions Market has seen a phenomenal growth in recent years owing to rising prevalence of life-threatening infections. The market is facing high competition and expanding based on its innovative product range.
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Challenges – Infection Surveillance Solutions Market
High cost:
The main challenge of this market is the cost of acquiring the software that affects the expansion of the Infection Surveillance Solutions market. This is set to hinder market growth over the forecast period (2020-2025). Lack of healthcare IT Professionals also act as a major factor affecting the growth of the market.
Infection Surveillance Solutions Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Infection Surveillance Solutions Market. Key companies of this market includes RL Solution, IBM Corporation, GOJO Industries, VigiLanz Corporation, Cerner Corporation, Atlas Medical Software, Hygreen, DEB Group Ltd, Truven Health Analytics, Baxter International Inc, Wolters Kluwer, Premier Inc, Becton, Diknson and company.
Acquisitions/Product Launches:
In June 2019, GOJO Industries, Inc. has announced a new solution which makes use of Bluetooth Low Energy (BLE) technology to capture healthcare worker specific hand hygiene events in real-time.
In January 2019, Vigilanz Corporation (U.S) has announced that it received the best award by KLAS Research for infection control and monitoring.
Key Takeaways
In 2019, the market for infection surveillance solutions in North America has large market share owing to health-associated infections (HAI), government policies to prevent HAIs, and increased health care costs in the region.
The rise in the prevalence of Health Associated Infections (HAIs) is one of the reasons for the growing use of automation in health care settings and increasing the market growth over the forecast period 2020-2025.
With the shortage of skilled health care, high-cost IT professionals face the challenge of stalling growth over the forecast period of 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market is set to be provided in the Infection Surveillance Solutions Market report.
Related Reports :
A. Infection prevention & Control Market
https://www.industryarc.com/Report/1309/Infection-Prevention-and-Control-Market-analysis-report.html
B. Infection Prevention Devices Market
https://www.industryarc.com/Research/Infection-Prevention-Devices-Market-Research-511254
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