PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1372032
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1372032
According to Stratistics MRC, the Global Hand Hygiene Monitoring System Market is accounted for $5133.8 million in 2023 and is expected to reach $11208.1 million by 2030 growing at a CAGR of 11.8% during the forecast period. A technology-driven approach to improving infection control procedures in healthcare and other contexts is called a hand hygiene monitoring system. It is used to monitor and assess healthcare providers' adherence to hand hygiene standards, it makes use of a variety of sensors and data-gathering tools, it tries to decrease the spread of infections and enhance patient safety by keeping an eye on variables like the frequency and effectiveness of hand washing or hand sanitization.
According to the BC Centre for Disease Control, 8% of infectious diseases are spread through unwashed hands. Our hands carry a plethora of germs and microorganisms responsible for infections and are the convenient way to pass it to another person who comes in contact.
Healthcare workers are frequently engaged with a heavy workload and multitasking in hospitals and other medical facilities. Moreover, because of their systematic and accurate management, significant reduction in the spread of illness, simplicity of implementation, and cost-effectiveness, hand hygiene monitoring systems are becoming more and more popular. Additionally, the use of hand hygiene monitoring devices has expanded, nearly reducing the number of infectious illness cases by five times. Furthermore, the benefits of hand hygiene monitoring systems include safer workplaces and lower costs for manual monitoring. Therefore, these aspects propel the market size.
Implementing and maintaining hand hygiene monitoring systems can be challenging for enterprises since they frequently include a wide range of costs, especially those with low resources or affordable healthcare facilities. Additionally, there is an ongoing need for maintenance on hand hygiene monitoring systems, including device calibration, software updates, and technical support which are a bit expensive. Financial provision must be made for additional costs related to these maintenance tasks. Therefore, these factors hamper market expansion.
Healthcare clinics and hospitals are under pressure to install hand hygiene monitoring systems as a result of recommendations and instructions from government agencies as well as safety considerations set forth by healthcare organizations. Moreover, with the newest and most cutting-edge features, additional companies are entering the market for hand hygiene monitoring systems. Therefore, due to the growing adoption of hand hygiene monitoring systems by hospitals and other healthcare facilities, the global market for these systems is anticipated to rise at an exponential rate.
Some healthcare workers and employees could be hesitant to use new technology or alter long-standing hand hygiene habits. The widespread use of surveillance tools may be hampered by resistance to change, a lack of knowledge, or doubts about their efficacy. Additionally, many people are not aware of the sophisticated technologies that can be used to monitor and enhance hand hygiene compliance. The widespread use of these systems is hampered by the decision-makers' insufficient understanding of the importance of these systems in lowering healthcare-associated illnesses and improving general hygiene, thereby hindering the market expansion.
The market for hand hygiene monitoring systems has been negatively impacted by the COVID-19 outbreak. The general economic downturn and the disruptions in the healthcare system have put pressure on the market. Moreover, financial difficulties have forced many healthcare facilities to refocus their finances on crucial pandemic response measures. Additionally, investments in non-essential technology like hand hygiene monitoring systems have been postponed or given lower priority due to the focus on critical healthcare needs associated with COVID-19. Therefore, these elements have slowed the market's expansion and the uptake of such devices during the pandemic.
The bacteria segment is estimated to hold the largest share, due to the application of cutting-edge technology to identify and monitor bacterial contamination on hands. These devices use sensors and analytics to detect the presence of dangerous bacteria on the skin, giving continuous feedback on the efficacy of hand hygiene. Additionally, these methods aid in the prevention of illness spread, particularly in healthcare settings, by focusing on particular bacterial strains or measuring the overall microbial load. Furthermore, they are crucial to making sure that hand washing and sanitization procedures effectively lower the risk of bacterial transmission and support the maintenance of a hygienic environment, eventually supporting patient safety and public health, which gradually propel the market growth.
The patient tracking devices segment is anticipated to have highest CAGR during the forecast period, due to innovations that track and monitor patient interactions and movements inside healthcare facilities. Additionally, these tools, which are frequently included with hand hygiene monitoring systems, assist healthcare practitioners in locating potential sites of contact between patients and healthcare personnel and ensuring adherence to cleanliness standards. Furthermore, they gather data by RTLS, RFID, or IoT technologies, allowing healthcare institutions to lower the risk of cross-contamination, improve patient safety, and maximize workflow effectiveness. Therefore, these tools are essential for reducing infection spread and preserving a sterile environment in healthcare settings.
Asia Pacific commanded the largest market share during the extrapolated period, due to the significant potential presented by the region's increasing healthcare market, Over the years, Asian nations, particularly India, have become more well-known as destinations for low-cost healthcare, and the growing medical healthcare infrastructure in nations like China and Japan has increased the number of end users of hand hygiene monitoring systems. For instance, the Indian Ministry of Tourism predicts a 200% increase in medical travel by 2020. Therefore, the increasing number of people travelling for medical care and the development of local medical infrastructure in the area, which places a demand for improved cleanliness standards, are likely to fuel the growth of the hand hygiene monitoring system market over the years to come.
North America is expected to witness profitable growth over the highest CAGR, owing to a large number of healthcare institutions in the area are assisting in the expansion of the regional market. Moreover, North America is anticipated to develop at the fastest rate as a result of increasingly strict hygiene standards, rising healthcare spending per person, technological advancements, and new government programs and initiatives. Furthermore, North America region will use contemporary medical technology so as to offer hitech services and expertise and primarily emphasizes widely practiced health hygiene, the market is projected to have plenty of opportunity for expansion.
Some of the key players in the Hand Hygiene Monitoring System Market include: SC Johnson, Ecolab, HandGiene Corp, BioVigil Healthcare, Avanos Medical, Midmark, Kikkoman Corporation, Stanley Healthcare, Hygiena, LLC, 3M Company, Gojo Industries, Inc, Deb Group Ltd, Yamabiko Corporation, Handgiene Corp and Halma Plc.
In June 2023, Avanos Medical, Inc. announced it has entered into a definitive agreement to sell its Respiratory Health (RH) business to SunMed Group Holdings, LLC (SunMed).
In June 2023, Avanos Medical, Inc. announced it has entered into a definitive agreement to acquire Diros Technology Inc., a leading manufacturer of innovative radiofrequency (RF) products used to treat chronic pain conditions.
In April 2023, SC Johnson is introducing the new FamilyGuard™ Brand, a lineup of disinfectant formulas created to help protect families against germs by disinfecting the hard, non-porous surfaces that loved ones touch most.
In April 2023, SC Johnson, the consumer goods company committed to working for a better world, and the government of Kenya, announced a new public-private partnership in the fight against malaria.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.