The growth of the Infection Surveillance Solutions Market is influenced primarily due to the increasing incidence of hospital-acquired infections (HAIs), strong government support and initiatives and the growing focus on the quality of care and patient safety. COVID-19 cases has increased the current focus on personal hygiene, coupled with the need to track and monitor the spread of COVID-19 infection. This is further expected to drive the market growth during the forecast period. However, the reluctance among medical professionals to adopt advanced healthcare IT solutions are expected to hamper the growth of this market during the forecast period.
According to research report the global infection surveillance solutions market size is projected to reach USD 1,033 million by 2026 from USD 508 million in 2021, at a CAGR of 15.2%.
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Based on products, the infection surveillance solutions market is segmented into infection surveillance software and infection surveillance services. The infection surveillance software accounted for the largest share of the infection surveillance solutions software market. The large share of this segment can be attributed to the increasing need for preventing HAIs and increasing surgical procedures. Currently, with the surge in COVID-19 cases, there is an increasing focus on personal hygiene along with need to track and monitor the spread of infection, which is further driving the growth of the infection surveillance solutions market.
Based on type, the infection surveillance software market is segmented into on-premise and web-based. In 2020, the on-premise based software segment accounted for the largest share of the infection surveillance solutions market. The large share of this segment is mainly driven by the need for maintaining access to healthcare IT solutions due to control, security, and cost benefits by the decision-makers in healthcare organizations and to reduce the risk of data breach & external attacks.
Based on end user, the infection surveillance solutions software market is segmented into hospitals, long-term care facilities, and other end users. The hospitals segment accounted for the largest share of the infection surveillance solutions market in 2020. The large share of this segment can be attributed to the large patient volume, the increasing incidence of HAIs, and the increasing cases of SSIs. The COVID-19 pandemic has also increased the adoption of infection surveillance solutions in hospitals.
The APAC market is expected to grow at the highest CAGR from 2021 to 2026. This can be attributed to factors such as growing consolidation among healthcare providers, widespread adoption and demand for healthcare IT solutions to curtail the rising healthcare costs, rising number of coronavirus patients in the region, and stringent regulations and guidelines laid down by the various government and non-government authorities on infection control and prevention practices and the rising COVID-19 cases in the region.
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The global infection surveillance software market is fragmented and highly competitive. Some of the major players governing the overall infection surveillance solutions market include Becton, Dickinson and Company (US), Premier International, Inc. (US), Wolters Kluwer N.V. (Netherlands), Cerner Corporation (US), Baxter International Inc. (US), GOJO Industries, Inc. (US), Sunquest (US), Deb Group Ltd. (UK), BioVigil Healthcare Systems (US), RLDatix (UK), IBM Corporation (US), Vecna Technologies, Inc. (US), VigiLanz Corporation (US), Ecolab Inc. (US), Harris Healthcare (US), PeraHealth Inc. (US), Medexter Healthcare (Austria), Centrak Inc. (US), BioMerieux SA (France), CKM Healthcare (Canada). However, in the last few years, a number of smaller players have emerged from niche markets and are competing with global players based on price and technological innovation.
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