USD 213.52 Billion
Report ID:
SQMIG35G2304 |
Region:
Global |
Published Date: November, 2024
Pages:
159
|Tables:
90
|Figures:
68
Global Infection Surveillance Solutions Market size was valued at USD 565.20 million in 2022 and is poised to grow from USD 643.76 million in 2023 to USD 1823.54 million by 2031, growing at a CAGR of 13.90% during the forecast period (2024-2031).
The growth of infection surveillance market is rapidly increasing because of the rising prevalence of hospital-acquired infections (HAIs) and growing resistance of microbes towards antibiotics. The increasing utilization of automation in medical settings is also boosting the growth of the market. In recent times the rising number of surgeries conducted globally has increased rapidly, which has increased the stays in the hospitals. This has led to an increasing number of patients suffering from HAIs. These cases are positively influencing the growth of the infection surveillance solutions market. Increasing expenses for healthcare from government facilities and other public and private bodies are increasing the demand for infection surveillance solutions. Infection surveillance solutions are utilized by healthcare facilities for monitoring and analyzing the prevalence, spread, and impact of infections in the patient's body. They use advanced data gathering, integration, and analysis tools to monitor and report on different healthcare-associated infections (HAIs), like bloodstream infections, surgical site infections, and respiratory infections. As they allow medical professionals to quickly detect possible outbreaks, apply targeted interventions, and improve patient safety, the demand for infection surveillance solutions is increasing globally.
Global Market Size
USD 213.52 Billion
Largest Segment
Software
Fastest Growth
Clinics
Growth Rate
6.5%
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Global Infection Surveillance Solutions Market is segmented into Product & Service, End User, and region. By Product & Service, the market is classified into Software, and Services. Depending on the End User, it is categorized into Hospitals, Long-Term Care Facilities, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product Type
Based on product type, the software segment is dominating the infection surveillance solutions market. The software segment can be further segmented into on-premises and web-based software. This segment is witnessing such dramatic growth due to the advantages offered by on-premises software, such as availability of several configurations, quick payback period, and real-time analysis. Furthermore, software packages, and healthcare IT businesses offer advanced methods of data management, analytics, and infrastructure. These structures allow to gather data on electronic health records (EHR), infections, and epidemic trends. The software segment analyzes the real-time data and provides feedback which assists medical professionals to control infections more precisely. These benefits and factors are improving the growth of the segment.
The services segment is experiencing the fastest growth rate in the infection control surveillance solutions market. The services segments include factors like the customization and integration of infection control surveillance systems. These systems are customized for the particular requirements of various medical facilities. This guarantees that the systems are efficiently incorporated with the current healthcare IT infrastructure. The services segment also consists of rigorous training programs for medical staff to make sure they are skilled in utilizing the surveillance systems. Efficient training enhances the preciseness and effectiveness of infection data monitoring and reporting. These factors are helping the service segment to grow rapidly resulting in the expansion of infection surveillance solutions market.
Analysis by End User
The hospital segment is dominating the infection control surveillance solutions market. The growth of the segment is mainly due to the rising prevalence of chronic illness and rising burden of infection. Moreover, the frequent adaptation of the hospitals for the treatment of infections are also boosting the growth of the segment. The increase in the hospital stays by people for the treatment of infection and other disorders is also the demand for infection control surveillance in hospital facilities for the prevention of infection, improving the growth of the market. Additionally, the increasing healthcare infrastructure in developing and developed economies is also positively influencing the growth of the market. Furthermore, the increasing investment in the advancement of technologies in hospital institutes, devices, software, and equipment is also boosting the growth of this segment. These devices are used for offering better safety and treatment and also contribute to the growth of the infection control surveillance solutions market.
The specialty surgical centers segment is experiencing the fastest growth rate in the infection control surveillance solutions market. Specialty surgical centers are utilized for conducting various types of surgeries. These surgeries frequently consist of complex and high-risk processes. This rapid rise in surgical volume increases the requirement for strong infection control measures to prevent surgical site infections (SSIs). SSIs are a common and serious complication of surgery. There are strict regulations and accreditation necessary for infection control in surgical settings. Specialty surgical centers must adhere with guidelines from regulatory firms like the Centers for Disease Control and Prevention (CDC) and the Joint Commission, which drives the adoption of advanced surveillance solutions.
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North America is dominating the infection surveillance market with the largest market share. The growth of the segment is mainly due to the rising healthcare infrastructure in countries like the United States and Canada, fueling the demand for infection control surveillance solutions. The increasing expenditure on medical care because of the growing disposable income in the population and the prevalence of chronic disorders are progressing the growth of the market. Furthermore, the increasing prevalence of the hospital acquired infection in the United States are also boosting the demand for the infection control surveillance solutions. These factors are increasing the popularity for infection surveillance solutions resulting in the advancement and expansion of the market in North America.
Asia Pacific is witnessing the fastest growth in the infection surveillance solutions market. This is due to the increasing incidences of chronic diseases like cancer and diabetes. Many government bodies are also taking initiatives to aware people about such diseases and their cure by introducing many policies to advance the medical sector. The region is also experiencing a constant growth of geriatric population who are becoming more vulnerable to infections. Furthermore, the rise in population and the higher demand for the healthcare industry increases the demand for infection control surveillance solutions and software. These solutions can prevent infectious diseases and create a healthy and safe environment for the staff and patients, boosting the growth of the market in the region. The rising expenses on healthcare and the investment by the major businesses for the development of healthcare infrastructure are further propelling the growth of the infection control surveillance solutions market across the region.
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Drivers
Rising Prevalence of Chronic Diseases
Increasing Initiatives and Awareness for Infection Control
Restraints
Lack of Education and Awareness
Growing Challenges Related to Expense and Reimbursements
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The Infection Surveillance Market is intensely competitive, with businesses constantly engaging in strategic moves, like mergers, acquisitions, and new product launches. It helps them to increase their position in the market. Furthermore, manufacturers are continuously investing in research and development (R&D) activities to enhance the capabilities of their software and hardware. This includes developing advanced analytics, machine learning (ML) algorithms, and predictive modeling to improve infection detection and prevention. In addition, companies are working closely with healthcare facilities to customize their solutions and seamlessly integrate them into existing healthcare IT ecosystems. This ensures that the solutions align with the specific needs and workflows of each organization.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global infection surveillance solutions market is growing due to the emergence of life-threatening infections. It includes sepsis, influenza, tuberculosis, typhoid, and severe acute respiratory syndrome (SARS) that need efficient infection control procedures among healthcare facilities. Moreover, regulatory bodies are enforcing stringent regulations to prevent the spread of such infections. Governments are also taking instantiates for infection control and providing guidelines across healthcare settings. HAI is a significant cause of major infections in healthcare settings. As a result, healthcare facilities are using advanced technologies like infection surveillance solutions to enhance infection control strategies and processes.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 565.20 million |
Market size value in 2031 | USD 1823.54 million |
Growth Rate | 13.90% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Infection Surveillance Solutions Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Infection Surveillance Solutions Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infection Surveillance Solutions Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Infection Surveillance Solutions Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35G2304
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