Infection Surveillance Solutions Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
The Global Infection Surveillance Solutions Market reached a valuation of USD 557.21 Million in 2022 and is poised for robust growth in the forecast period, projecting a Compound Annual Growth Rate (CAGR) of 11.16% and expected to reach USD 1051.98 Million through 2028. Infection surveillance solutions are software utilized by healthcare facilities, including hospitals, to report patient data to state and federal authorities. These solutions play a crucial role in the healthcare industry by collecting data on nosocomial infections, studying infection patterns, and regulating their spread within the community. Nosocomial infections are infections transmitted to individuals within hospitals or healthcare centers. This software promptly alerts hospital Internet Protocol (IP) addresses in the event of infection occurrences, enabling HAI specialists and nurses to promptly provide appropriate treatment to infected patients, preventing outbreaks. Infection surveillance solutions are vital programs that facilitate the effective management of Healthcare-Acquired Infections (HAIs) in healthcare facilities. Common examples of HAIs include pneumonia, gastrointestinal illness, urinary tract infections, primary bloodstream infections, and post-surgical infections. The high incidence of HAIs is a significant concern for governments worldwide, leading to the development of policies aimed at effectively managing and reducing these incidents.
Key Market Drivers:
1. Increasing Prevalence of Hospital-Acquired Infections: The increasing prevalence of hospital-acquired infections (HAIs) is driving the demand for infection surveillance solutions. HAIs, also known as healthcare-associated infections, are infections that patients acquire while receiving medical treatment in healthcare facilities. These infections can lead to prolonged hospital stays, increased healthcare costs, patient discomfort, and, in severe cases, even mortality. In response to this growing concern, infection surveillance solutions are being sought after to help prevent, monitor, and manage HAIs.
2. Increasing Number of Surgeries: The increasing number of surgeries is driving the demand for infection surveillance solutions. Surgeries carry a risk of post-operative infections, which can lead to complications, extended hospital stays, increased healthcare costs, and patient discomfort. Infection surveillance solutions play a critical role in monitoring and preventing HAIs, including those that occur after surgical procedures. Surgical procedures can introduce pathogens into the body, increasing the risk of infections at the surgical site. Infection surveillance solutions help healthcare facilities monitor surgical sites and detect infections early, leading to prompt interventions.
3. Growing Government Initiatives & Investment in IPC Programs Across Healthcare Settings: Governments worldwide are implementing policies and regulations to develop long-term infection prevention and control programs and educate healthcare providers on best practices. In addition to maintaining public statistical records, governments offer funding to healthcare centers and organizations for advanced infection surveillance software installation. These initiatives enable healthcare facilities of varying sizes to efficiently utilize cutting-edge tools, contributing to the growth of the infection control surveillance solutions market.
4. Growing Investments to Improve Healthcare Systems by AI Integration: Investments in healthcare systems prioritize patient safety and quality of care. Infection surveillance solutions play a vital role in identifying and preventing HAIs, contributing to improved patient safety outcomes. Healthcare systems are focusing on quality improvement initiatives to reduce adverse events, including HAIs. HAIs lead to increased healthcare costs due to prolonged hospital stays, additional treatments, and readmissions. Investments in infection surveillance solutions can lead to significant cost savings by preventing infections and their associated complications.
5. Cloud-Based Software Solutions: Cloud-based software solutions are expected to significantly boost the Infection Surveillance Solutions (ISS) market in the future. Cloud technology offers scalability, cost savings, and remote access advantages that align well with the needs of healthcare organizations seeking efficient and scalable infection surveillance solutions.
6. Increasing Consolidation in The Healthcare Industry: Increasing consolidation in the healthcare industry is expected to boost the Infection Surveillance Solutions (ISS) market as healthcare organizations seek standardized practices and technology solutions like ISS to ensure consistent monitoring and management of infections.
Segmental Insights:
Product Type Insights: The market is categorized into software and services. In 2022, the software segment dominated the market, while the services segment is projected to demonstrate a higher Compound Annual Growth Rate (CAGR) during the forecast period. The software segment's growth can be attributed to advantages such as availability in different configurations, rapid return on investment, and real-time analysis.
End User Insights: Hospitals represent the largest market share and exhibit the highest growth rate during the forecast period. The significant prevalence of healthcare-associated infections (HAIs), including surgical site infections (SSIs), contributes to the market's growth in hospitals.
Regional Insights: North America dominates the market share due to strict regulations and the presence of numerous firms offering infection surveillance solutions. The Asia Pacific region experiences the highest growth rate, driven by increased health awareness, higher healthcare expenditure, and significant improvements in health insurance.
Key Market Players
- Cerner Corporation
- Epic Systems Corporation
- VigiLanz Corporation
- Becton, Dickinson and Company
- Premier Inc.
- DEB Group Ltd
- RL Solutions
- Baxter International Inc. (ICNet International)
- Gojo Industries Inc.
- IBM Corporation (Truven Health Analytics)
Report Scope:
In this report, the Global Infection Surveillance Solutions Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Infection Surveillance Solutions Market, By Offering:
- Software
- Service
- Infection Surveillance Solutions Market, By End User:
- Hospitals
- Long-term Care Facilities
- Infection Surveillance Solutions Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Turkey
- Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Infection Surveillance Solutions Market.
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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