Global Infection Surveillance Solutions Market Worth Around USD 1.32 billion by 2026: Acumen Research and Consulting
Author: Acumen Research and Consulting
According to Acumen Research and Consulting, the global infection surveillance solutions market is projected to grow at CAGR of around 14% over the forecast period and reach around US$ 1.32 Bn in 2026.
According to the report, the global infection surveillance solutions market will continue to be influenced by a range of macroeconomic and regulatory factors.
Rise in Number of Surgeries, growing prevalence of healthcare associated infections (HAIs), increasing adoption of automation and government initiatives have boosted the growth of the global infection surveillance solutions market. Global infection surveillance solutions market can be segmented into product and services, infection type, end-use and geography.
Product and services segment to remain highly lucrative
Product and services is expected to be the leading segment of the global infection surveillance solutions market during the forecast period, owing to the growing demand for advanced infection surveillance products for the treatment of healthcare associated infections. Product and services segment has been classified into software and services. Rise in awareness among the hospitals and people towards hygiene are also propelling the demand for fully automated infection surveillance solutions. The software segment is further categorized into on-premise and web-based software. Growing adoption of software packages in healthcare facilities is supplementing the growth of the segment growth. Advantages over on-premise software including accessibility in various designs and ongoing technological innovations are boosting the demand for web based software. Products and services segment is anticipated to expand at considerable CAGR throughout the forecast period from 2018 to 2026. Nowadays, patients are becoming more conscious of their health issues and are actively seeking clinically advanced treatments at an early stage. Hence, the automated infection surveillance solutions are rapidly being used by hospitals for better treatment of HAIs and monitoring number of patients efficiently.
Furthermore, urinary tract infections (UTI) segment is also anticipated to gain considerable revenue share due to growing incidences of urinary tract diseases.
The Widespread Growth of Infections in Long-term Care Facilities is relied upon to Increase their Adoption in the Domain
Long-term care offices or LTCFs are a group of talented nursing offices, nursing homes and assisted living offices. They offer various services such as medical and personal care, to the people who are not able to manage independently. While, in the U.S. only, more than 4 million individuals are admitted in these LTCFs every year and around one million people live in assisted living offices.
North America to continue to hold largest share in the overall market
Geographically, the global infection surveillance solutions market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for largest market share in year 2017 due to the early adoption of advanced clinical products and continuous development of healthcare infrastructure in the region. North America is anticipated to grow at significant CAGR over the forecast. Prominent players from the region are making considerable investments in order to introduce advanced automated infection surveillance solutions, resulting in the growth of the market. In June 2015, Gojo Industries launched its new infection monitoring system “GOJO SMARTLINK” that can easily monitors the patients infection. The presence of a large geriatric population base and easy availability of products due to large number of distribution channels, are also contributing to the overall growth of the regional market. Also, multiple healthcare companies from the U.S. are coming with reliable structure of reimbursement policies. Asia Pacific is also anticipated to show lucrative growth during the forecast period. This growth is primarily attributed to the large population, rising disposable income and growing concerns about health issue among people. Large number of hospitals in the region is also expected to impact the growth of the domestic market. In addition, continuous innovations in infection surveillance solutions and products and cost effectiveness are anticipated to offer immense opportunities for Asia Pacific infection surveillance solutions market in the coming years.
The company profiling of key players in the global Infection surveillance solutions Becton Dickinson and Compan,, Premier Inc., Wolters Kluwer N.V, Gojo Industries, Baxter International Inc., RL Solutions, Truven Health Analytics and Premier Inc.market includes company overview, major business strategies and revenues.
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