Infection Surveillance Solutions Market Forecasts to 2028 – Global Analysis By Component (Software, Services), End User (Hospitals, Ambulatory Service Centers, Clinics, Specialty Centers, Academic Institutes), and By Geography
According to Stratistics MRC, the Global Infection Surveillance Solutions Market is accounted for $0.52 billion in 2021 and is expected to reach $1.48 billion by 2028 growing at a CAGR of 16.0% during the forecast period. Infection surveillance systems are deployed to identify infection trends, evaluate and take preventive measures to control them. Infection surveillance systems provide healthcare institutions with accurate information on employee and patient health and surgical databases with real-time monitoring. Hospitals and long-term care facilities are the biggest user groups of infection surveillance systems.
Market Dynamics:
Driver:
Growing occurrences of hospital associated infections (HAIs)
Hospital associated infections in a clinical setting, such as urinary tract infection, pneumonia, and surgical site infections are increasing due to contaminated devices and equipment, bed linens and patient clothing and others. This has prompted healthcare professionals and hospitals to adopt infection surveillance systems to identify possible healthcare associated infections in the duration of patient stay in hospitals and to assist in evaluating preventive measures. These infection surveillance solutions also aid in diagnosing antibiotic resistant organisms (AROs) and infections due to non-sanitized medical devices. The diagnosis of AROs involves data collection of antibiotic susceptibility test results and correlation of this data with geographical and clinical data for patient populations from whom pathogens were isolated, resulting in detecting an epidemic and facilitating necessary formulations.
Restraint:
Improper data management
Inadequate data management leads to insufficient and incorrect data of patient’s medical history and care, which results in inappropriate inferences in surveillance systems. This might lead to difficulty in timely processing of patient data and their surgical history, and this is a factor expected to adversely affect growth of the infection surveillance market globally to a certain extent over the next few years. Increasing volume of data for analysis from different sources such as Enterprise Risk Management (ERM) and HR software along with changing regulatory requirements to calculate and analyze data decreases the efficiency of infection surveillance systems to accurately identify potential infections in patients.
Opportunity:
Growing advancement in IT infrastructure
Rising capacity of IT systems to perform analytic processing coupled with technological advancements in IT systems is aiding in developing analytical and infection surveillance solutions for application in the healthcare industry. These solutions include usage of algorithms with electronic medical records, specialized data mining software, and fully automated HAI surveillance by employing clinical support based knowledge that helps in identification of certain clinical terms. Various developments in surveillance solutions is making it simpler for health and clinical setting staff to better understand surveillance software and its usage, which results in creating a skilled workforce in the healthcare industry.
Threat:
High interoperability costs
The cost of deployment and interoperability of software solutions is considerably high. The small healthcare organizations struggle to implement internet connectivity to utilize healthcare IT solutions. This is mainly due to difficulties in implementing multiple networks with health setups, a lack of wireless connectivity options, and the need to install subsequent myriads of security layers to avoid data breaches. Infection surveillance software is high priced. And most systems need to be customized with respect to the requirements of healthcare facilities. In addition, support and maintenance services, which include modification and upgrading software as per the changing user requirements, represent a recurring expenditure, which accounts for a large share of the total cost of ownership.
The hospitals segment is expected to be the largest during the forecast period
The hospitals segment is estimated to have a lucrative growth owing to the large patient volume, the increasing incidence of HAIs, and the increasing cases of SSIs. The COVID-19 pandemic has also increased the adoption of infection surveillance solutions in hospitals. The enhanced capacity of IT systems in the analytics is benefiting the development of the market. Hospitals have emerged as the leading end-user in these locations owing to their high adoption rate to maintain electronic healthcare records and managing the real-time pharmacy.
The services segment is expected to have the highest CAGR during the forecast period
The services segment is anticipated to witness the fastest CAGR growth during the forecast period due to the rising demand for product support and maintenance services sub segment. The product support and maintenance services take care of interoperability and software complexity issues. These services ensure that clients (healthcare providers) obtain access to the vendor company’s technical knowledge base and acquire application management skills. These factors are driving the growth of the product support and maintenance services segment.
Region with highest share:
Europe is projected to hold the largest market share during the forecast period owing to the high adaption rate of these surveillance systems, encouraged by the governing authorities in the region. Established players are investing in developing economies to strengthen their regional presence. In addition, the growth of the geriatric population has led to an increase in the incidence of serious diseases, which increases the demand for better sanitation facilities, resulting in increased measures to ensure sanitation in the surrounding area, thus increasing the need for infection control in the upcoming years.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period due to growing R&D activities in the medical sciences. Particularly in the United States of America Health and Human Services (HHS), which is governed by the cabinet-level department of the US federal government is very liberal in funding and maintaining the technological research in medical sciences. Moreover, in the United States, increasing healthcare costs are prompting the individual hospitals to move, or merge with independent healthcare groups to form larger healthcare systems that can broaden their service reach, leverage economies of scale, and also can withstand rising regulatory pressures from the recent government.
Key players in the market
Some of the key players profiled in the Infection Surveillance Solutions Market include Baxter International, Becton Dickson & Company, bioMerieux, Inc., Cerner Corporation, DEB Group Ltd., Emerald Health Information Systems Ltd, Hygreen Inc., Quantros, Inc., Vecna Technologies, Inc., Vigilanz Corporation, Wolters Kluwer N.V., and PeraHealth Inc.
Key Developments:
In June 2021, bioMérieux SA has launched EPISEQ® SARS-COV-2, a genomic software solution to support microbiology labs in identification and reporting from raw sequencing data related to SARS-CoV-2 variants. EPISEQ® SARS-COV-2 is compatible with three major sequencing platforms (Illumina, Oxford Nanopore, Thermo Fisher) and easy to use by any microbiology lab without bioinformatics knowledge or computing resources.
In August 2020, Cerner Corporation collaborated with Xealth, to help health systems choose, manage, and deploy digital tools and applications while offering clinicians access to remote monitoring and more direct engagement with patients.
Components Covered:
• Software
• Services
End Users Covered:
• Hospitals
• Ambulatory Service Centers
• Clinics
• Specialty Centers
• Long-term Care Facilities
• Academic Institutes
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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