Blood Stream Infection Testing Market By Product (Instruments, Consumables, Software and Services), By Technique (Conventional, Automated), By Technology (Culture-based, Molecular, Proteomic), By Application (Bacterial, Fungal, Mycobacterial), By End-users (Hospitals, Independent Diagnostics Centers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global blood stream infection testing market was valued at $10,540.8 million by 2030, and is anticipated to reach $5,173.1 million in 2021, growing at a CAGR of 8.3% from 2022 to 2030.
A blood stream infection is any bacterial, fungal, or other type of infection that is discovered in the blood. As soon as the infection enters the bloodstream of any part of the body, the illness becomes evident. . Testing for blood stream infections is done to find out which bacteria or other organisms are responsible for the blood infections. The ongoing population growth and worsening of sanitary conditions pose a serious threat to human health since they encourage the spread of various infectious illnesses. Due to the vast range of symptoms associated with bloodstream infections, including chills, cold, fever, diarrhea, and vomiting, self-diagnosis can be difficult. The BSI is concern for patient due to high morbidity and mortality rates. According to WHO It is estimated 49 million people and causes 11 million deaths globally every year. For detection and diagnosis of the infection, the in-vitro diagnostic techniques (blood cultures) are widely used. In the microbiology laboratory, technological developments in molecular approaches have transformed the approach of diagnosing microbial infections. As theses sophisticated technologies have become faster, more automated, and easier to use, they have become essential part of routine testing and repertoire in most diagnostic laboratories.
As technology develops and automated systems such as MALDI-TOF and DOT are developed, high cost of ownership and high maintenance expenses are projected to hinder the market growth. Also, costly testing techniques may make them unaffordable and this is projected to hamper the blood stream infection testing market trend. Market expansion can be constrained due to lack of insurance and reimbursement regulations.
The increase in the number of sepsis and bacteremia globally is expected to drive the blood stream infection testing market. Bacteremia and sepsis are few of the top causes of mortality rate in United States, causing over 600 fatalities each day. The need for rapid diagnosis and recent advancement in bloodstream infection testing are expected to boost the market growth. The increasing incidences of bloodstream infection in elderly population who are susceptible to infection due to low immunity is anticipate to drive the demand for blood stream infection testing market growth.
The COVID-19 epidemic in 2020 adversely affected the world's economy and triggered a public health calamity on a worldwide scale. However, the COVID-19 had a positive effect on the market for testing for blood stream infections worldwide.
Blood culture is the gold standard for identifying an illness or pathogen, thus in pandemic BSI testing has seen a sharp rise in popularity. The incidence rate of blood stream infection in COVID-19 patients was discovered to be 0.863% compared to patients without COVID having 0.437%. The rise in instances in North America and Europe accelerated the expansion of blood stream testing market. The need for infections or microorganisms to be diagnosed increased significantly.
The major key players in the global blood stream infection testing market are Thermo Fisher Scientific, F. Hoffmann-La Roche Ltd., Abbott, BD, BIOMÉRIEUX, Cepheid, Luminex Corporation, Accelerate Diagnostics Inc., AdvanDX, and Bruker.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the blood stream infection testing market analysis from 2021 to 2030 to identify the prevailing blood stream infection testing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the blood stream infection testing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global blood stream infection testing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Instrument
Consumables
Software & Services
By Technique
Conventional
Automated
By technology
Culture-based
Molecular
Proteomic
By Application
Bacterial
Fungal
Mycobacterial
By End-user
Hospitals
Independent Diagnostics Centers
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
Key Market Segments
By Technology
Culture-based
Molecular
Proteomic
By Product
Instruments
Consumables
Software and Services
By Technique
Conventional
Automated
By Application
Bacterial
Fungal
Mycobacterial
By End-users
Hospitals
Independent Diagnostics Centers
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
Key Market Players
Thermo Fisher Scientific, Inc.
F. Hoffmann-La Roche Ltd.
Abbott Laboratories
becton dickinson medical devices co. ltd., suzhou
bioMérieux SA
cepheid
Luminex Corporation
Accelerate Diagnostics Inc.
AdvanDx
Bruker Corporation
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