Industry Background:
The growing number of sepsis cases and high cost of treatment and the rising geriatric population will boost the global blood culture test market. Blood culture tests are done to identify the existence of microorganisms including bacteria or fungi in the blood. It is generally used to determine the occurrence of infection, identify the contributing agents, and guide the proper treatment necessary for a patient. Additionally, it is used to recognize a blood infection which if otherwise left unnoticed can lead to a serious and fatal condition called sepsis.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Becton, Dickinson, and Company (United States), bioMérieux SA (France), Thermo Fisher Scientific, Inc. (United States), Cepheid, Inc. (United States), Abbott Laboratories (United States), Nanosphere, Inc. (United States), Roche Diagnostics (Switzerland), Beckman Coulter (United States), Bruker Corporation (United States) and IRIDICA (United States) |
According to AMA, the market for Blood Culture Test is expected to register a CAGR of 9.1% during the forecast period to 2028. This growth is primarily driven by High Occurrence of Bloodstream Infections and High Prevalence of Infectious Diseases.
Globally, a noticeable market trend is evident Growing Number of Regulatory Approvals & New Product Launches
The Health Care Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Becton, Dickinson, and Company (United States), bioMérieux SA (France), Thermo Fisher Scientific, Inc. (United States), Cepheid, Inc. (United States), Abbott Laboratories (United States), Nanosphere, Inc. (United States), Roche Diagnostics (Switzerland), Beckman Coulter (United States), Bruker Corporation (United States) and IRIDICA (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global blood culture test market is highly competitive due to the presence of key market players. To surge the adoption of automated blood culture tests, many key players are establishing or strengthening their research associations to improve safe and efficient products. Additionally, new market players have to develop efficient as well as cost-effective blood culture tests to compete against existing and upcoming market entrants and rise the approval of their products.
Key Developments in the Market:
In May 2022, Babson Diagnostics, a science-first, health care technology company, and BD (Becton, Dickinson, and Company), a medical technology company, announced a strategic agreement to expand blood sample collection into new care contexts, including allowing patients to take blood samples at home for diagnostic testing,
On 8th April 2019, BD (Becton, Dickinson, and Company), a leading global medical technology company announced the global availability of BD BACTEC™; platelet quality control media, which allows microbiology laboratories, blood banks, and transfusion services to identify contaminated platelet units.
Regulatory Insights:
In the United States, the Food and Drug Administration (FDA) is the regulatory authority that oversees the approval and regulation of diagnostic tests, including blood culture tests. The FDA ensures that these tests meet certain standards for safety, effectiveness, and accuracy before they can be marketed and used in clinical settings.
Influencing Trend:
Growing Number of Regulatory Approvals & New Product Launches and High Adoption due to Rising Demand for Rapid Diagnostic Techniques
Market Growth Drivers:
High Occurrence of Bloodstream Infections and High Prevalence of Infectious Diseases
Challenges:
Survival of Players Offering Conventional Blood Culture Products and Intense Competition among the Players
Restraints:
Rising Concern about the High Cost of Automated Instruments and Dearth of Skilled Laboratory Technicians
Opportunities:
Identification of Antibiotic-Resistant Microorganisms and Huge Opportunity in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Blood Culture Test Market
- Analysis about New Entrants in Blood Culture Test Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Blood Culture Test Study Sheds Light on
The Blood Culture Test Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Blood Culture Test industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blood Culture Test industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.