Infection monitoring software assists healthcare facilities, such as hospitals and others, in reporting data about patients to state and federal authorities. This programme notifies hospital Internet Protocol (IP) addresses in the event of an infection, allowing HAI specialists and nurses to treat infected patients and prevent infection epidemics. The worldwide infection surveillance solutions market is expected to rise due to the high prevalence of hospital-acquired infections (HAIs). The incidence of healthcare associated infections among adult inpatients at nineteen big Australian acute-care public hospitals: a point prevalence survey, for example, was 9.9% in a study published in BMC Antimicrobial Resistance & Infection Control in July 2019.
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Prevalence rates in hospitals ranged from 5.7 percent to 17.0 percent.. Furthermore, the worldwide infection surveillance solutions market is likely to benefit from an increase in the number of emergency surgeries. For example, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia.
The global infection surveillance solutions market is projected to be hampered by a lack of suitable data management and processing resources. Inadequate and erroneous data regarding a patient’s medical history and care results in inappropriate inferences in surveillance systems due to poor data management. Moreover, high cost of infection surveillance solutions is also expected to hinder growth of the market.
For companies in the worldwide infection surveillance solutions market, the arrival of Covid-19 is projected to provide lucrative growth prospects. For example, as of 4:23 p.m. CEST on October 7, 2020, the World Health Organization had received 35,659,007 confirmed cases of COVID-19, with 1,044,269 deaths. Additionally, growing funding for the use of infection surveillance technologies is projected to help the market develop. For example, the Universal Service Fund (USF) provided a US$ 31.7 million infection control surveillance system to the University Hospital of the West Indies in January 2019 for dengue management.
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Statistics:
The global infection surveillance solutions market was valued at US$ 409.9 Mn in 2019 and is forecast to reach a value of US$ 1,177.7 Mn by 2027 at a CAGR of 13.9% between 2020 and 2027.
Market Trends/Key Takeaways
The introduction of quick tests for infection control and surveillance studies is predicted to boost the global market for infection surveillance solutions. OpGen, Inc., a precision medicine business, for example, launched a new Research Use Only fast test for infection control and surveillance studies in February 2018. Furthermore, the introduction of low-cost COVID-19 testing and surveillance systems is projected to boost the global infection surveillance solutions market’s growth. Stanford University, the Chan Zuckerberg Biohub, and a group of collaborators, for example, established a low-cost system to collect samples for COVID-19 testing and monitor populations for the disease in September 2020.
Regulations:
North America
Health Insurance Portability and Accountability Act (HIPAA)
- The HIPAA standard was enacted in 1996 to give individuals the ability to understand and choose how their health information is used.
- Provides health insurance reform, including measures for persons with pre-existing conditions and those seeking continuous coverage
- Includes provisions on company-owned life insurance and treatment of those who lose their U.S. citizenship for income tax purposes
National Healthcare Safety Network (NHSN)
- The US Centers for Disease Control and Prevention (CDC) provides a web-based surveillance system (NHSN) that assists healthcare facilities in reporting HAIs, such as hospitals, long-term acute care hospitals, mental hospitals, rehabilitation hospitals, ambulatory surgery centres, and others.
- NHSN is the preferred approach for states that have HAI reporting requirements. Types of Enforcement by Statutory Authority
- Inspection of facility records or HAI related data and create plan for facilities to take corrective action
- Facility licensure sanctions for non-reporting poor peer healthcare quality or patient safety
- Requirements for training in HAI best practices and certification in infection control and provider accreditation sanctions for poor healthcare quality or patient safety
Latin America
Pan American Health Organization (PAHO)
- The Pan American Health Organization (PAHO) is a specific health agency that assists over 27 Latin American countries. PAHO collaborates with its member countries on technical issues such as combating communicable and non-communicable illnesses and their causes, strengthening health systems, and responding to crises and catastrophes.
- This organisation promotes health-related education and awareness of various diseases. PAHO has two institutional branches: it is a specialized health agency of the Inter-American System and also serves as Regional Office for the Americas of the World Health Organization (WHO), the health agency of the United Nations
Reasons to Purchase this Report
Current and future of global Infection Surveillance Solutions market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Competitive Landscape
Becton Dickson & Company, Baxter International Inc., Premier, Inc., Truven Health Analytics Inc. (IBM Watson), Gojo Industries, Inc., Wolters Kluwer N.V., Vigilanz Corporation, Atlas Medical Software (Rpoer Technologies), RLDatix, and Quantros, Inc. are some of the major players in the global infection surveillance solutions market.
Key Developments
To increase their market share, major companies in the worldwide infection surveillance solutions market are focusing on expanding their client base. For example, RLDatix stated in September 2020 that Hill Country Memorial, a non-profit, acute care community hospital with beds in the United States, had signed an agreement to instal RLDatix’s Surveillance solution as a first step toward adopting the entire Appli platform.
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Major Point Answered in Infection Surveillance Solutions Market Research Study are:
What will be the progress rate of the Infection Surveillance Solutions Market for the conjecture period, 2020-2027?
What are the prominent factors driving the Infection Surveillance Solutions Market across different regions?
Who are the major vendors dominating the Infection Surveillance Solutions industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Infection Surveillance Solutions Market?
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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