Global Blood Culture Tests
Delivery Includes:- Market Timeline 2018 till 2030, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
|Author Name: Anushka Gore | Report ID: CMR621930 | |
The base year for the calculation is 2023 and 2018 to 2023 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Blood Culture Tests Market size was USD 4.9 Billion in 2022.
|Historical Data Time Period||2018-2023|
Blood Culture Tests Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Blood Culture tests play a crucial role in the detection of infection such as bacterial, Fungal, Mycobacterial. Healthcare workers employ a variety of approaches, including conventional/manual and automated blood culture procedure, to find infections. As a Result, it is anticipated that the demand will increase in the future. The Presence of bacteria, fungus, or yeast in the blood causes blood infection, which in turn give rise to a variety of disorders. A Major Factor driving the increase in the market value for blood culture tests is the rising incidence of sepsis and other blood -borne illness. Growing Prospects for the blood culture tests market will be brought about by the increasing approval of new products, such as tools and supplies for diagnosing bloodstream Infection (BSI).
Bloodstream infections acquired in hospitals, or nosocomial infections, are a major cause of death worldwide. Around 30 million people globally experience bloodstream infections every year. The frequency of these infections lengthens hospital stays generally, raising their cost. These infections are more common. The need for advanced blood culture techniques that aid in the early diagnosis of infection is anticipated to grow in response to the increased frequency of bacterial bloodstream infections.
The high initial investment for the deployment of blood culture test solutions is projected to restrain market growth. Automated blood culture devices are regarded more since they offer more highly features and functions. Due to their limited funding, academic research facilities typically cannot offer such expensive systems. The cost of maintenance and a number of other indirect expenses also contribute to an increase in the overall cost of ownership of these devices, which is a significant barrier to automated blood culture instrument adoption, especially among small-scale end users.
In the upcoming years, this is anticipated to increase demand for blood culture tests. Additionally, Luminex Corporation, a biotechnology company with applications in life sciences, launched Verigene with the aid of technological advancement. Varigene has 30 targets and offers results for six different resistant genes for gramme-negative CTX-M—ESBL (cefotaxime extended- spectrum beta-lactamase). As a result, the expansion of the blood culture test market is fueled by the increased use of new technology in the healthcare sector.
The rise in COVID-19 cases around the world has a substantial impact on the blood testing market. A machine learning model for COVID-19 diagnosis was built and Cross- validated using the routine blood tests of patients with diverse bacterial infections and patients with COVID-19 infection. Blood cultures are used to determine the type of bacteria or fungi present, detect their presence in the blood, and direct treatment. A blood infection (septicemia) that might result in sepsis, a serious and life threatening consequence is detected through testing. Testing is typically carried out in a hospital setting, since patients with suspected blood infections are frequently treated in intensive care units.
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F. Hoffmann-La Roche Ltd. purchased GenMark’s Diagnostics in May 2021 to add syndromic testing capabilities to its molecular diagnostics portfolio. Roche's efforts to manage infectious illnesses and antibiotic resistance are improved by GenMark's ePlex technologies. With the help of a single quick test and a patient sample, the ePlex platform can identify several infections, giving clinicians hours to identify the infection's source and recommend a course of therapy.
Top Companies Market Share in Blood Culture Tests Industry: (In no particular order of Rank)
Global Blood Culture Tests Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Blood Culture Tests Industry growth. Blood Culture Tests market has been segmented with the help of its Type, Application Products, and others. Blood Culture Tests market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2018 to 2030. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Blood Culture Tests market.
Type of Blood Culture Tests analyzed in this report are as follows:
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Based on the application ,the global blood culture test market is segmented on the basis of bacterial infection. It is one of the main causes of bloodstream infection and sepsis, the bacterial application segment had the largest growth and is expected to continue to lead in the near future. However, because sepsis and bloodstream infections are becoming more commonplace worldwide, the fungal category is anticipated to have significant expansion during the projected period
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Blood Culture Tests market report 2023 Edition by contacting our team.
Based on the product type ,the blood culture testing market is divided into consumables, instruments, software, and services. The consumables category is anticipated to increase at the greatest CAGR. The expansion of this market sector is being driven by elements like the more frequent requirement for consumables than for instruments
Based on the end-user, the global blood culture tests market is divided into hospital laboratories, reference laboratories, academic research laboratories, and other laboratories (which include pathology laboratories, bacteriological laboratories, physician office laboratories, and dependent research). During the projection period, the reference laboratories segment is anticipated to increase at the greatest CAGR. The expansion of this market is being driven by factors such as increasing the outsourcing of blood culture tests by hospitals to reference laboratories.
The blood culture test market is divided into automated blood culture methods and traditional or manual blood culture methods based on method. The conventional and manual blood culture methods market category is anticipated to hold the greatest market share. This segment of the market is growing as a result of elements like quick turnaround times and less contamination risk due to less personal interaction.
Based on the technology ,the blood culture test market is divided into culture based technologies. Molecular technologies are predicted to experience the largest CAGR growth during the forecast period. This market is expanding as a result of factors such as the rising prevalence of sepsis and the rising demand for quick diagnostic methods for identifying bacteria, fungus and mycobacterium in blood samples.
Due to the rising frequency of bloodstream infections and the region's advanced healthcare infrastructure, North America accounted for a significant portion of the global market for blood culture tests in 2019 and is predicted to continue dominating the sector throughout the projected period. The market is also expanding as a result of increased consumer knowledge and acceptance of novel diagnostic techniques, robust economic expansion, and rising demand for cutting-edge medical facilities. The market for blood culture tests is also expanding due to an increase in R&D efforts to create novel blood culture tests and the presence of key competitors operating in the area. Despite this, Asia-Pacific is anticipated to see the highest CAGR due to growing target populations and expanding healthcare infrastructure.
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|Market Split by Methods|
|Market Split by Technology|
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Blood Culture Tests Market is witnessing significant growth in the near future.
In 2023, the Bacterial Infections segment accounted for noticeable share of global Blood Culture Tests Market and is projected to experience significant growth in the near future.
The Bacterial segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott , BioMerieux and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
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