Infection Surveillance Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2031
The infection surveillance services market has been estimated to reach a valuation of US$ 1,724.22 Mn and register a CAGR of 14.5% in the forthcoming years from 2022 to 2032.
The increasing prevalence of infection that is associated with healthcare is likely to propel revenue generation opportunities in the infection surveillance services market in the forthcoming years. Furthermore, the growing count of surgical procedures and rising funds from government & private organizations for different programs that are related to surveillance of infection have also been predicted to bolster growth avenues in the market.
A significant increase in the resistance of microbes towards different antibiotics has been expected to boost expansion opportunities in the infection surveillance services market in the foreseeable years.
In recent years, there has been a noticeable increase in the population of the geriatric population that is susceptible to the healthcare-related infection. Along with this, software that is related to infection surveillance has also been adopted at an increased rate by the global population which is further expected to bolster sales opportunities in the infection surveillance services market in the years to come.
On the flip side, the high cost of the software that is related to infection surveillance services has been projected to restrict growth opportunities in the infection surveillance services market during the forecast period.
The COVID-19 pandemic is likely to have a positive impact on the growth opportunities in the infection surveillance services market. The coronavirus has stressed the systems operating in the healthcare industry and also increased the risk among individuals to develop the healthcare-associated infection.
The infection surveillance services market is fragmented due to its competitive nature. The presence of numerous players across the globe is likely to stimulate fierce competition among industry players. Further, the market players are adopting various organic and inorganic strategies to generate novel growth opportunities in the market during the forecast period. Acquisitions and mergers, collaborations, partnerships, portfolio expansion, agreements, partnerships, joint ventures, novel product launching, and various other significant strategies are adopted by industry players for the generation of novel growth opportunities in the market in the following years. There are a lot of global enterprises that are investing in different R & D activities to develop technologically advanced industry solutions.
The key players dealing in the infection surveillance services market include:
The infection surveillance services market has been analyzed across different geographical locations that include North America, Europe, Asia Pacific, and LAMEA. North America, among these regional areas has been anticipated to hold a noteworthy share in the market during the forecast period. The dominance of the region is attributed to the rising prevalence of infections that are healthcare-associated. In addition to this, increasing healthcare expenditure and rising government initiatives in order to prevent infections that are related to healthcare are estimated to bolster growth avenues in the market.
The Asia Pacific has also been predicted to grow at a significant speed in the following years owing to the increasing prevalence of the infection that is acquired at hospital premises. Along with this, the increasing trend of self-medication and the rising geriatric population in the region has also been anticipated to propel demand opportunities in the market. The growing adoption of the software that is used for infection surveillance among healthcare workers is also likely to boost growth avenues in the market.
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