The global infection surveillance market value was at $407.01 million in 2020. The global infection surveillance market is forecast to grow at a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2021-2027.
Infection surveillance, the service used for determining the areas for improvement in infection prevention and control programs, is defined as the service for measuring the success of the programs. Infection surveillance is a service that collects data to be used by hospitals for benchmarking surgical site infection rates. Its purpose is to ensure accurate preventive measures are implemented by continuously monitoring and interpreting the health data.
Market Dynamics
Driving Factor: Growing healthcare-associated infections, government funding for various programs related to infection surveillance, surgical procedures, geriatric population, and adoption of infection surveillance software among healthcare workers are the factors driving the growth of infection surveillance services.
Growth Factor: A rise in bacterial resistance to antibiotics is driving the market's growth.
Restraint Factor: During the forecast period, the high cost of software associated with infection surveillance services is forecast to hinder the market growth.
Impact Analysis of Covid-19
The outbreak of Covid-19 began in December 2019. The Covid-19 pandemic has evolved from a regional crisis to a global one in just a few weeks. Global Health Organization (WHO) declared Covid-19 a pandemic.
There is a positive expectation that the Covid-19 outbreak will positively affect the growth of the global infection surveillance services market. Covid-19 has put tremendous pressure on healthcare systems around the globe, and the threat of healthcare-associated infections is rising among Covid-19 patients. It can lead to an increase in the infection surveillance services market.
Regional Impact
The infection surveillance services market in North America was led by the country in 2020 and is forecast to remain dominant during the forecast period. Due to increases in the prevalence of healthcare-associated infections, growth in healthcare expenditure, and technological advances in infection surveillance solutions.
A rise in the prevalence of hospital-acquired infections, the aging global population, the trend of self-medication, and the rising adoption of infection surveillance software among healthcare workers will drive the Asia-Pacific region's CAGR the highest from 2021 to 2027.
Key Players
Several leading prominent players in the global infection surveillance services market are:
Recent Developments in the Market
Market Segmentation
Market segmentation for infection surveillance services includes Offering, Infection Type, End-User, and Region.
Segmentation based on Offering
Segmentation based on Infection Type
Segmentation based on End-User
Segmentation based on Region