Global Blood Culture Tests Market Global Competitive Analysis Report 2021-2028 | Growth Market Reports

Posted May 6, 2022 by sararaposo9

The global blood culture tests market size is expected to expand at a substantial CAGR during the forecast period, 2021–2028.
The global blood culture tests market size is expected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to factors such as growing number of sepsis cases, increasing frequency of bloodstream infections (BSI), and rapid approvals of new products for BSI diagnosis. Moreover, increasing aging population and advanced demand for rapid diagnostic techniques present key drivers for the market growth.

Blood culture tests includes a range of screening processes that are mainly used to detect the presence of fungi or bacteria in the blood. These tests help to identify infection in the blood so that the required treatment can be offered to the patient. Identifying blood infection also called as septicemia, is an important medical process since the infection can cause serious problems to the patient such as sepsis.

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The initial bacterial infection shows moderate symptoms as high fever, tachycardia, chills, muscular pain, nausea, palpitations, breathlessness, and headache. Without early treatment of these symptoms can result in fatal sepsis indications in the later stage including mottled skin, confusion, dehydration, dizziness, inflammation, drop in blood pressure, and organ failure.

Market Trends, Drivers, Restraints, and Opportunities
• High prevalence of blood stream infections, kidney disorders, sepsis, and other chronic infections as well as accelerated demand for rapid diagnostic tests are huge boosters to the market.
• Technological improvements such as reliability in disease diagnosis, better accuracy, and avoiding unnecessary healthcare costs are expected to fast track the market demand during the forecast period.
• Growing funds in the research and development programs to development of novel products along with increasing private and public healthcare expenditure are expected to drive the global blood culture tests market.
• High cost of equipment and lack of professionals handling the testing devices and procedures are some major restricting factors to the market.
• Several concerns regarding clinical trial outcomes, which include uncertainty, long, and expensive process are projected to hamper the market expansion.
• Technology advancement to develop better equipment, software, and consumables diagnostic kits for the detection of infections in blood are anticipated to offer lucrative opportunities for the market growth.

Market Segment Insights

Consumables segment is expected to grow at a rapid pace
Based on products, the global blood culture tests market is divided into consumables, instruments, and software & services. The consumables segment is further categorized as bacterial infections, mycobacterial infections, fungal infections, assay kits & reagents, blood culture media, and blood culture accessories. The blood culture media is sub-divided into anaerobic blood culture media, fungi/yeast blood culture media, aerobic blood culture media, and others. The instruments segment is further classified as bacterial infections, fungal infections, mycobacterial infections, laboratory equipment, and automated blood culture systems. Furthermore, the laboratory equipment segment is divided into incubators, colony counter, microscopes, and gram strainers. The software & services is categorized as mycobacterial infections, bacterial infections, and fungal infections.

Conventional techniques segment is projected to expand at a considerable CAGR
On the basis of techniques, the market is bifurcated into conventional and automated. The conventional segment is projected to expand at a considerable CAGR during the forecast period due to wide adoption of the technique by independent clinical laboratories, hospitals, and pathology laboratories. However, the automated technique segment is anticipated to hold a key share during the forecast period owing to the rising funding on R&D and technological advancements for precise results.

Culture-based technology segment is anticipated to register a substantial growth rate
Based on technology, the global blood culture tests market is classified into culture-based technology, molecular technology, and proteomic technology. The molecular technology segment is further divided into PCR, microarray, and PNA-FISH. Due to wide usage of culture-based technology by laboratories, hospital, pathology, and physician office laboratories, the culture-based technology segment grabbed a major market share in 2020 and is anticipated to register a substantial growth rate.

North America is anticipated to dominate the market
In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market in the coming years owing to better healthcare infrastructure, availability of skilled professionals, and presence of big globally leading healthcare companies such as Thermo Fisher Scientific, Inc.; bioMérieux SA; Becton, Dickinson and Company; and Roche Diagnostics. Meanwhile, Europe is anticipated to expand at a rapid pace during the forecast period owing to the facts of advanced infrastructure and advanced diagnostic products.

Compititive Landscape
Key players competing in the global blood culture tests market are Axiom Laboratories; Becton, Dickinson and Co.; Thermo Fisher Scientific, Inc.; Meditech Technologies India Private Limited; bioMérieux SA; Nikon Corp.; Luminex Corp.; Danaher Corp.; Bruker Corp.; Biobase Biotech (Jinan) Co., Ltd.; IRIDICA; T2 Biosystems, Inc.; Roche Diagnostics; Anaerobe Systems, Inc.; Bulldog Bio, Inc.; OpGen, Inc.; Carl Zeiss AG; BINDER GmbH; Scenker Biological Technology Co., Ltd.; and HiMedia Laboratories Pvt. Ltd. Some of these major players are investing heavily to develop new products and equipment beside adopting market development strategies such as acquisition, collaboration, partnership, and expansion of production units.

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Categories Health
Tags blood culture tests market , blood culture tests market cagr , blood culture tests market size , blood culture tests market share
Last Updated May 6, 2022