About Sepsis Diagnostics
Sepsis is a potentially life-threatening condition that occurs when the body's response to an infection damages its own tissues. When the infection-fighting processes turn on the body, they cause organs to function poorly and abnormally. The demand for sepsis diagnostic products is expected to grow mainly due to factors such as the rising prevalence of sepsis across the globe. Factors such as the increasing geriatric population, a growing number of surgical procedures, a high incidence of hospital-acquired infections, and the commercialization and availability of a wide variety of approved sepsis diagnostic devices are expected to drive market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.8% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Sepsis Diagnostics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
bioMérieux (France), Becton Dickinson Company (United States), Danaher (United States), Abbott Laboratories (United States), Roche Diagnostics (Switzerland), T2 Biosystems (United States), Luminex (United States), Thermo Fisher Scientific (United States), Bruker (United States), EKF Diagnostics (United Kingdom) and Immunexpress (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Response Biomedical (Canada), Axis-Shield Diagnostics (United Kingdom) and CytoSorbents (United States)..
Segmentation Overview
AMA Research has segmented the market of Global Sepsis Diagnostics market by Type (Microbiology, Molecular Diagnostics, Immunoassays, Flow Cytometry, Microfluidics and Biomarkers) and Region.
On the basis of geography, the market of Sepsis Diagnostics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Products, the sub-segment i.e. Blood Culture Media will boost the Sepsis Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Blood Culture will boost the Sepsis Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Teste types, the sub-segment i.e. Blood tests will boost the Sepsis Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Method, the sub-segment i.e. Automated Diagnostics will boost the Sepsis Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Sepsis Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing use of hospice for end-of-life care
Market Growth Drivers:
The demand for sepsis diagnostics is increasing due to the burden of sepsis-associated mortality has increased owing to the marked rise in the number of sepsis cases and Ongoing efforts by clinicians, administrators, policymakers, and patient advocates to increase sepsis awareness, screening, and recognition are leading to more patients being labelled with sepsis
Challenges:
The high cost of automated diagnostic devices
Restraints:
Lack of a gold standard test and subjectivity in diagnosing sepsis
Opportunities:
Increasing awareness of sepsis among providers is a major focus of the Surviving Sepsis Campaign and of many quality improvement initiatives that have proliferated in hospitals around the world.
Market Leaders and their expansionary development strategies
In April 2020 CytoVale United States-based, a commercial physical and biological research and development firm. The firm will expand its partnership with the Biomedical Advanced Research and Development Authority(BARDA), to examine the use of Cytovale’s Rapid Sepsis Diagnostic System for diagnosing sepsis in patients with potential respiratory infections, including COVID-19, according to a press release.
In October 2020 IMMUNEXPRESS a molecular diagnostic company and a pioneer in the analysis of the immune system to rapidly detect sepsis. The company launched the test for sepsis in Europe on Biocartis’ Idylla platform. SeptiCyte® RAPID is a one-hour molecular diagnostic test running on the Biocartis Idylla platform that can swiftly differentiate infection positive (sepsis) from infection negative systemic inflammation in patients.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Sepsis Diagnostics Providers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.