Infection Surveillance Solutions Market by Solution and Geography - Forecast and Analysis 2020-2024

The global infection surveillance solutions market size has the potential to grow by USD 418.39 million during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by solution (software and services) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Baxter International Inc., Becton, Dickinson and Co., BioVigil Healthcare Systems Inc., Cerner Corp., GOJO Industries Inc., International Business Machines Corp., Koninklijke Philips NV, Medexter Healthcare GmbH, Premier Inc., and Wolters Kluwer NV. 

Market Overview

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Market Competitive Analysis

The infection surveillance solutions market is fragmented, and the degree of fragmentation will remain the same throughout the forecast period. Vendors are focusing on inorganic growth strategies such as mergers and acquisitions, sponsorships, collaborations, and partnerships to improve their market foothold across geographies. Medexter Healthcare GmbH, Premier Inc., and Wolters Kluwer NV are a few of the significant market participants. Although the stringent government regulations on monitoring and reporting of infections will offer immense business opportunities, the lack of awareness in emerging countries will challenge the growth of the vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this infection surveillance solutions market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. This Infection surveillance solutions market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading infection surveillance solutions companies, including:

• Baxter International Inc.
• Becton, Dickinson and Co.
• BioVigil Healthcare Systems, Inc.
• Cerner Corp.
• GOJO Industries Inc.
• International Business Machines Corp.
• Koninklijke Philips NV
• Medexter Healthcare GmbH
• Premier Inc.
• Wolters Kluwer NV  

Infection Surveillance Solutions Market: Segmentation by Region

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North America was the largest market for infection surveillance solutions in 2019 and the region will offer several growth opportunities to market vendors during the forecast period. The rising need for reducing hospital-acquired infections (HAI) and the significant rise in number of healthcare facilities have fueled the demand for infection surveillance solutions in North America.

Almost 40% of the overall market growth will originate from North America during the forecast period. The region has the presence of many established vendors that offer innovative web-based and on-premise software. This factor will boost the growth of the infection surveillance solutions market in North America. The US and Canada are the key markets for infection surveillance solutions in the region. Market growth in this region will be faster than the growth of the market in Europe and ROW.

Infection Surveillance Solutions Market: Segmentation by Solution

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Many established vendors are offering highly comprehensive and flexible infection surveillance software. Healthcare facilities are increasingly using such software as they can be customized for effective organization surveillance and real-time and instant contact tracking tasks. As a result, there will be a steady increase in the growth of the infection surveillance solutions market size in the software segment over the forecast period.

However, the growth of the infection surveillance software market segment will be slower than the growth of the infection surveillance services market segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the infection surveillance solutions market size.

Infection Surveillance Solutions Market: Key Drivers and Trends

The emergence of life-threatening infections such as sepsis, influenza, tuberculosis, typhoid, and severe acute respiratory syndrome (SARS) across the world has increased the need for efficient infection control procedures among healthcare facilities. Moreover, regulatory bodies are enforcing stringent regulations to prevent epidemics. Governments are also circulating infection control and surveillance recommendation and guidelines across healthcare settings. For instance, in China, the NHCPRC has already released a regulation for the prevention of HAI in outpatient and emergency departments in healthcare facilities. These factors have increased the adoption of infection surveillance solutions across healthcare settings.

HAI has been identified as one of the significant causes of mortality and morbidity in healthcare settings. As a result, healthcare facilities are leveraging advanced technologies such as infection surveillance solutions to enhance infection control strategies and processes. The implementation of such systems has allowed healthcare providers to reduce the risk of CAUTI and CLABSI by about 40%-50%. These factors are expected to significantly contribute to infection surveillance solutions market growth during the forecast period.

• The adoption of automation through AI in infection surveillance software is one of the significant infection surveillance solutions market trends.
• The growing adoption of digital patient records has enabled market vendors to offer automation and extended the monitoring of infections.
• As prediction from electronic patient records is time-consuming and complex, vendors are integrating AI technology into their products.
• AI-enabled solutions automate the risk prediction models using logistic regression, reducing the time taken to analyze data.
• These benefits are increasing the demand for AI-enabled solutions, and vendors are updating their product portfolio with advanced AI solutions.
• These factors are contributing to the growth of the infection surveillance solutions market size.
• During 2020-2024, the market will grow at a CAGR of over 15%.

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Infection Surveillance Solutions Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the growth of the infection surveillance solutions market during the next five years
• Precise estimation of the global infection surveillance solutions market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the infection surveillance solutions industry in Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of infection surveillance solutions vendors

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