Infection Surveillance Solutions Market Drivers, Restraints and Opportunity to 2025 - Global Analysis and Forecasts By Type | The Insight Partners

Radiology Information Systems (RIS) Market: Insight

According to The Insight Partners market research study titled 'Infection surveillance solutions market to 2025 - Global Analysis and Forecasts by Type and End User. The global infection surveillance solutions market is expected to reach US$ 763.7 Mn in 2025 from US$ 294.1 Mn in 2017. The market is estimated to grow with a CAGR of 13.0% from 2018-2025. The report highlights the trends prevalent in the global infection surveillance solutions market and the factors driving the market along with those that act as deterrents to its growth.

Infection surveillance solutions refer to the software and integrated entities that helps to gather the medical data related to factors causing healthcare associated infections (HAIs) in the medical facilities and offer features in order to monitor, analyze, control as well as create a control action plan to reduce and prevent the HAIs. The growth of the Infection Surveillance Solutions in healthcare market is attributed to the increasing number of healthcare associated infections, government initiatives for prevention of healthcare associated infections (HAIs), rise in the integration of information technology into various healthcare platforms are key drivers for the growth of the market. However, the growth of the market is restrained by various factors such as high costs of the software and dearth of skilled professionals to offer services in remote areas.

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Radiology Information Systems (RIS) Market: Competition Landscape & Key Developments

The major players operating in the infection surveillance solutions market include BD, Wolters Kluwer, Sunquest Information Systems, Inc., Premier, Baxter (ICNet Systems, Inc.), GOJO Industries, Inc., Cerner Corporation, Deb Group Ltd., PeraHealth, and VigiLanz Corporation among others.

Software launch and up-gradation are prominent parameters by industry players leading strategies undertaken by key market players. For instance, in June 2017, Wolter Kluwers in June 2017 announced that POC Advisor, its real-time clinical surveillance and analytics platform, will integrate the Natural Language Processing (NLP) solution from Hiteks Solutions, Inc. for inclusion of structured and unstructured documentation to make them immediately actionable. This expansion is expected to enable real-time analysis and improve efficacy of sepsis alerts. The developments performed by the companies are helping the market to grow in the coming years.

Growing Applications of Infection Surveillance Solutions in Healthcare to Drive Infection Surveillance Solutions in Healthcare Market Growth

Healthcare associated infections, or nosocomial infections affects the patients in hospitals and other healthcare facilities that are not present in the patients at the time of admission. These infections affect the patients not only during their stay in the hospitals, but also post patient’s discharge from hospitals. Moreover, these occupational infections are observed to be common in within the hospital and nursing staff too. According to the World Health Organization (WHO), hundreds of millions of patients are affected by healthcare associated infections every year leading to significant morbidity and mortality around the world. The WHO Healthcare Associated Infections Fact Sheet of 2016 suggests that of every 100 hospitalized patients at a given time, 7 in the developed countries and 10 in developing countries acquires at least one healthcare associated infection.

Moreover, in high income countries, approximately 30% of patients in intensive care units (ICUs) are affected by at least one HAIs. This rate of HAIs is approximately 2-3 folds higher in the low and middle income countries. In addition, the WHO claims that the newborns are at a higher risk of developing these infections, with infection rates 3-20 times higher in developing countries as compared to high income countries of the globe. As a result of this significant prevalence rate of these infections, the endemic burden of health care associated infections is also turning up higher, majorly among the developing economies of the world. The European Centre for Disease Prevention and Control reports an average prevalence of 7.1% in European countries. The Centre estimates that 4 131 000 patients are affected by approximately 4 544 100 episodes of health care-associated infection every year in Europe. Thus, the increasing prevalence of HAIs is expected to create a demand for infection surveillance solutions promoting market growth across the world.

The healthcare associated infections acts as a major threat to patient safety, affecting one out of every 25 hospital patients at a given point, according to Agency for Healthcare Research & Quality. These infections are significantly increasing the economic burden of the healthcare system among all the countries worldwide. The government and healthcare departments of the high as well medium to low income countries are developing action plans and undertaking several initiatives to reduce this burden as well as prevent the mortality rates occurring as a result of hospital acquired infections or nosocomial infections.

The prevention and reduction of healthcare-associated infections is a top priority for the U.S. Department of Health and Human Services (HHS). The HHS Steering Committee for the Prevention of Healthcare-Associated Infections was established in July 2008. The Steering Committee, along with scientists and program officials across HHS, developed the HHS Action Plan to prevent Healthcare-Associated Infections, providing a roadmap for HAI prevention in acute care hospitals.

Infection surveillance solutions Market: Segmental Overview

Global infection surveillance solutions market, based on the type was segmented into software and services. In 2017, the software segment held the largest share of the market, by type. However, the services is expected to grow at the fastest CAGR during the forecast period owing to the increasing demand for these services pre and post incorporation of these solutions in various medical institutions.

In terms of end user, the Infection Surveillance Solutions in healthcare market is segmented into hospitals, nursing homes, and other end users. The hospitals segment is anticipated to grow at a CAGR of 12.8% during the forecast period. The high prevalence of the hospital associated infection across the world is likely to enforce the healthcare setting for the adoption of these solutions in their infrastructure to prevent the healthcare associated infections.

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