This study intends to analyse diverse aspects of the global infection surveillance solutions market. The insights offered in this report are expected to aid in market growth examination over the forecast timeline.
Infection Surveillance Solutions Market – Increased Risk of HAIs Boosts Demand
In recent years, there has been a significant increase in the number of surgical procedures being undertaken around the world. There are several factors that can be attributed to this, such as a steady increase in the number of geriatric individuals, the heightened risk of contracting hospital acquired infections (HAIs), a spike in the prevalence of chronic diseases, the surging rate of obesity and other lifestyle-related disorders, as well as the growing number of accidents occurring across the globe. These elements are all expected to lead to an increase in the demand for infection surveillance solutions, thus fuelling the growth prospects of infection surveillance solutions market over the forecast period for players engaged in this industry.
Infection Surveillance Solutions Market – Frequent Instances of Surgical Site Infections Drive Revenue
The steady increase in the prevalence of healthcare-associated infections around the world has become a cause for greater concern. According to data from the Centers for Disease Control and Prevention (CDC), on any given day, one in 31 hospital patients suffers from a healthcare-acquired infection. Major HAIs include central line-associated bloodstream infections, catheter-associated urinary tract infections, and ventilator-associated pneumonia. Infections that occur at surgical sites are known as surgical site infections. The prevention and reduction of these HAIs is a top priority to various regulatory authorities. To effectively address the prevalence of HAIs, healthcare facilities around the world are now looking to adopt innovative infection surveillance solutions. This is expected to fuel market growth trajectory of the global infection surveillance solutions market in the years to come.
Infection Surveillance Solutions Market – Data Security Concerns Retard Potential Growth Prospects
Inadequate data management practices will likely increase security concerns for end-users of infection surveillance solutions, and this may lead to the insufficient and incorrect data management of an individual’s medical history and care, thus resulting in inappropriate inferences in surveillance systems. Additionally, the excessive costs associated with infection surveillance systems are another factor that may impede on growth potential for the global infection surveillance solutions market in the coming years.
Infection Surveillance Solutions Market – COVID-19 Impact
The onset of the COVID-19 pandemic resulted in the imposing of restrictions by respective governments on the movement of people and goods, as well as the hampered supply of necessary raw materials, among other operational hurdles. This led to a significant decline in generated revenues for many industries. However, this market was not detrimentally affected by the pandemic, but rather, this industry began to index a surging increase in the demand for these products and services, thus exponentially boosting infection surveillance solutions market growth prospects in the process.
Infection Surveillance Solutions Market – Hospitals and Clinics Represent Key End User Segment
The hospitals and clinics end user segment is slated to account for the majority demand of infection surveillance solutions. This is due to the extensive number of individuals that use these healthcare facilities, the growing demand for electronic medical records, and the increasing prevalence of HAIs in these facilities. Additionally, long-term care facilities are also expected to register considerable growth in demand due to greater need for effective infection management solutions. This would bolster the expansion of infection surveillance solutions market.
Infection Surveillance Solutions Market – Asia Pacific Emerges Lucrative amid North America’s Dominance
Over the past few years, North America has continued to dominate the regional infection surveillance solutions market owing to the rapid adoption of technological advancements, higher investments being made toward R&D activities for product innovation, as well as the high prevalence of HAIs, particularly in ICU environments. Moreover, the presence of many established industry players in this region is also expected to have a positive influence on this region’s market growth prospects over the forecast period. On the flipside, the Asia Pacific is also expected to register a favorable CAGR over the projected timeline due to greater market penetration, improvements in healthcare operational standards, as well as a greater sense of awareness concerning the many benefits associated with the implementation of effective infection surveillance solutions.
Infection Surveillance Solutions Market: Competitive Landscape
Some of the major players in the global infection surveillance solutions market include Becton Dickinson and Company, Premier Inc., Wolters Kluwer N.V, Gojo Industries, RL Solutions, Baxter International Inc., Premier Inc., and Truven Health Analytics (An IBM Company. To gain a competitive edge, various established industry players are now more focused on new product launches, partnerships, collaborations, acquisitions, and alliances.
Recent Notable Developments:
Regional Classification of Global Infection Surveillance Solutions Market Can be Given as Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Infection Surveillance Solutions Market
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