Press release
Infection Surveillance Solutions Market to Surpass USD 800 million by 2025
Industry Trend AnalysisThe global infection surveillance solutions market is expected to be around 800 million by 2025. Increasing incidence of healthcare associated infections (HAIs) is a key driving factor for the growth of infection surveillance solutions market. Some of the common HAIs affecting patients in healthcare centers are surgical wound infections, respiratory tract infections, ventilator associated pneumonia and urinary tract infections. Increasing number of surgeries performed around the world and rising healthcare IT expenditure are some of the additional factors contributing to the growth of global infection surveillance solutions market. However, factors such as high cost of infection surveillance software and dearth of skilled professionals for operating such advanced systems can restrain the growth of infection surveillance solutions market during the forecast period.
Product Outlook and Trend Analysis
Software segment held a major share of the infection surveillance solutions market in 2016 as software solutions serve as effective mediums to efficiently manage patient data. Timely analysis and interpretation of such huge data is easily possible using software solutions. The services segment is expected to witness fastest growth during the forecast period as associated services for software solutions are gaining huge demand in order to ensure proper functioning of infection surveillance software solutions.
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End User Outlook and Trend Analysis
In 2016, the large hospitals segment dominated the end user market for infection surveillance solutions owing to large scale adoption of infection surveillance systems by such hospitals. As these systems are priced on a higher end, large hospitals can easily afford these advanced systems. Moreover, with increase in the size of hospitals, the need for effective management of patient data also increases prompting the demand for adoption of complex infection surveillance solutions.
Regional Trend Analysis
North America held the largest share of the global infection surveillance solutions market in 2016. This dominance on a global level can be attributed to increasing healthcare expenditure in the region, rising incidence of HAIs and rapid advancements in information technology (IT). On the other hand, Asia-Pacific infection surveillance solutions market is expected to exhibit fastest growth during the forecast period owing to rising awareness related to HAIs, increasing availability of advanced healthcare facilities along with increasing medical tourism in emerging countries such as India and China.
Competitive Analysis
The major players operating in the global infection surveillance solutions market emphasize on product development in order to introduce advanced solutions in the market that are capable of processing large amount of complex data and deliver subsequent interpretations. Such product developments ensure sustainable presence for these players in the global market. For instance, in June 2017, RL Solutions, a Canada based Software Company involved in development of healthcare quality and safety software, announced updates to its RL6 infection surveillance software. These updates are designed to enable infection preventionists to proceed from reactive to proactive infection prevention. Some of the key players in the global infection surveillance solutions market are, Becton, Dickinson and Company, Wolters Kluwer N.V., Premier, Inc., Baxter International Inc., Atlas Development Corporation, GOJO Industries, Inc., HyGreen, Inc., Deb Group Limited (acquired by S.C. Johnson & Son, Inc.), Truven Health Analytics (Acquired by IBM), RL Solutions, Vigilanz Corporation, Quantros, Inc., bioMérieux, Inc., Cerner Corporation and PeraHealth.
Market Opportunities
The future growth opportunities for the global infection surveillance solutions market lie in development of next-generation solutions that are capable of integrating easily with other enterprise-wide systems such as Electronic Health Records (EHR) and other systems. With design and development of user friendly infection surveillance solutions, the market will witness robust growth over coming few years.
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Infection Surveillance Solutions Market Segmentation:
By Product:
Software
Web-based Software
On-premise Software
Services
Training & Consulting Services
Product Support & Maintenance Services
Implementation Services
By End User:
Long-term Care Facilities
Nursing Homes
Homecare Agencies and Hospices
Assisted Living Facilities
Hospitals
Small Hospitals
Medium sized Hospitals
Large Hospitals
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By Region:
• North America
o U.S
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
• Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others
Some of the key questions answered by the report are:
• What was the market size in 2016 and forecast from 2017 to 2025?
• What will be the industry market growth from 2017 to 2025?
• What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
• What are the major segments leading the market growth and why?
• Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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