Increasing incidence of bloodstream infections, sepsis, and infectious diseases is one of the key factors driving market revenue growth.
Increasing incidence of bloodstream infections, sepsis, and infectious diseases is one of the key factors driving market revenue growth
The global blood culture test market size is expected to reach USD 9.72 Billion in 2030 and register a revenue CAGR of 9.6% over the forecast period, according to latest report by Reports and Data. Increasing incidence of bloodstream infections, sepsis, and infectious diseases is expected to drive market revenue growth during the forecast period. Growing demand for blood culture tests in developing countries is also expected to boost revenue growth of the market.
Bloodstream Infections (BSIs) are infectious disorders caused by active bacterial or fungal germs in the bloodstream, which cause an inflammatory response shown by changes in clinical, laboratory, and hemodynamic parameters. Infections of the bloodstream are one of the major causes of deaths worldwide, and such illnesses extend time spent in hospitals, along with increasing the cost of treatment. Demand for advanced blood culture techniques that aid in early diagnosis of infections is expected to increase due increasing prevalence of BSIs, which in turn, is expected to boost revenue growth of the global blood culture test market during the forecast period.
However, increasing costs of automated equipment and lack of laboratory professionals are expected to hamper revenue growth of the market during the forecast period. Automated blood culture devices are expensive, as they have complex features and functions. For instance, automated equipment for Polymerase Chain Reaction (PCR) test costs between USD 15,000 and USD 20,000. Academic research laboratories usually cannot afford such high-priced systems due to financial constraints, and moreover, the overall cost of ownership of these instruments increases due to maintenance charges and a number of additional factors. This is a key barrier to the adoption of automated blood culture instruments, particularly among small-scale end users. There is increasing need for medical laboratory experts, but the number of new students graduating from clinical laboratory programs is dropping due to program closures. This is creating a major challenge in the growth of blood culture test market.
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Some Key Highlights in the Report
- Conventional segment is expected to account for largest revenue share in the global blood culture test market over the forecast period, owing to rising use of convetional or traditional blood culture methods in independent clinical laboratories, hospitals, and pathology labs.
- Consumable segment is expected to register a steady revenue growth rate over the forecast period, due to increase in demand for blood culture media, assays, kits, and reagents.
- Molecular technology segment is expected to register a rapid revenue growth rate over the forecast period, due to increase in demand for improved equipment in hospitals and laboratories for infectious disease diagnostics.
- The blood culture test market in North America is expected to account for largest revenue share in the global market over the forecast period. Rising awareness about new diagnostic methods and presence of well-established healthcare facilities in the region are expected to drive North America market revenue growth.
- Companies profiled in the global market report include Becton, Dickinson and Company, Thermo Fisher Scientific Corporation, Luminex Corporation, Danaher Corporation, Bruker Corporation, Ibis Biosciences, Inc., Hoffmann-La Roche AG, Meditech Technologies India Pvt. Ltd., Magnolia Medical Technologies, and Carl Zeiss AG.
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For this report, Reports and Data has segmented the global blood culture test market based on method, product, application, technology, end-use, and region:
Method Outlook (Revenue, USD Billion; 2019-2030)
- Conventional/Manual Method
- Automated Method
Product Outlook (Revenue, USD Billion; 2019-2030)
- Instruments
- Automated Blood Culture System
- Supporting Laboratory Equipment
- Incubators
- Microscopes
- Colony Counters
- Gram Stainers
- Consumable
- Blood Culture Accessories
- Assay Kits and Reagents
- Blood Culture Media
- Aerobic Blood Culture Media
- Pediatric Aerobic Blood Culture Media
- Fungi/Yeast Blood Culture Media
- Software and Service
- Consumable
Application Outlook (Revenue, USD Billion; 2019-2030)
- Bacterial
- Fungal
- Micro-Bacterial
Technology Outlook (Revenue, USD Billion; 2019-2030)
- Culture Based Technology
- Molecular Technology
- Microarray
- Polymerase Chain Reaction (PCR)
- PNA-FISH
- Proteomic Technology
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals and Diagnostic Centers
- Academic Research Laboratories
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Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2019–2020) and forecast (2021–2030) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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