Blood Culture Tests Market size was valued at USD 4.99 Bn. in 2022 and the total Blood Culture Tests revenue is expected to grow by 11 % from 2023 to 2029, reaching nearly USD 10.37 Bn.
Blood Culture Tests Market Overview
Maximize Market Research conducted the analysis of the Blood Culture Tests Market, which includes a thorough examination of different regions and the competitive landscape. The report provides valuable insights into the market’s current and future potential, helping businesses understand the trends and opportunities in the industry.
Blood Culture Tests Market Dynamics
Nosocomial infections, or bloodstream infections contracted in hospitals, are one of the leading causes of death in the globe. In the US alone, there are more than 255,000 instances of BSIs that are hospital-acquired each year. Each year, bloodstream infections impact about 33 million people worldwide, including 6.1 million fatalities, 3 million neonatal deaths, and 1.2 million cases of sepsis. Between 11% and 28% of patients in the countries of Eastern Africa are known to have bloodstream infections. Between 9.3% and 11.2% of Ghana’s population is considered to have bloodstream infections. Journal of Tropical Medicine, 2019 (Source). The prevalence of these disorders increases overall hospital stays and treatment expenditures. The need for improved blood culture methods to help with early infection diagnosis is anticipated to rise as a result of the growing frequency of BSIs.
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Blood Culture Tests Market Report Scope and Research Methodology
The report provides valuable information on their strategies, revenue, partnerships, joint ventures, and more. To estimate the Blood Culture Tests Market size, a bottom-up approach was used, ensuring accurate and reliable data for the report. Primary and secondary data collection methods were utilized to gather information for the Blood Culture Tests Market report. The Blood Culture Tests Market report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. The SWOT analysis was employed to identify the strengths and weaknesses of key players in the Blood Culture Tests industry, while the PESTLE analysis was used to evaluate the potential impact of macroeconomic and microeconomic factors on the Blood Culture Tests industry.
Blood Culture Tests Market Regional Insights
The Blood Culture Tests market is broadly segmented into these regions, which helps in gaining a comprehensive understanding of the market’s landscape and dynamics in each geographical area. This analysis provides valuable insights for businesses to make informed decisions and strategize their operations accordingly.
Blood Culture Tests Market Segmentation
The greatest revenue-generating segment of the blood culture tests market in 2022, according to product, was accounted for by consumables, assay, kits, reagents, and other accessories for diagnostics applications. Consumables are still another important aspect driving the segment’s growth, frequently purchasing them is one such factor. The instruments industry is anticipated to expand significantly over the course of the projected period as a result of product advancements. Automated systems, incubators, colony counters, microscopes, and gram strainers are often used in hospitals and other diagnostic labs.
The market is separated into traditional and automated categories according to technique. In 2022, pathology laboratories and independent clinical laboratories had the most revenue-generating category due to the broad usage of the traditional technique by hospitals. The automated blood culture technique industry is anticipated to experience the highest CAGR during the projected period due to technological advancements, including faster and more accurate results and higher R&D spending by manufacturers for new product development. The development of cutting-edge testing tools and supplies for its customers is one of the company’s top focuses. For instance, Becton, Dickinson, and Company unveiled the BD BACTEC FX40 Blood Culture System with the BD EpiCenter Microbiology Data Management System in June.
Depending on the available technology, the market is split into culture-based, molecular, and proteomic categories. In 2022, the technology market sector based on culture held the most sales market share. This is due to the widespread usage of this technology in numerous laboratories, including hospital, reference, pathology, and doctor’s office laboratories. Throughout the forecast period, molecular technology is anticipated to have the highest CAGR. Due to rising R&D costs for manufacturers and an increase in the prevalence of infectious diseases, there is a demand for quick diagnostic techniques for detecting bacterial or fungal infections in blood.
In accordance with the application, blood culture tests are used to identify bacteria that spread into the blood in a number of disorders, such as osteomyelitis, meningitis, pneumonia, kidney infection, and sepsis. They can also be used to find mycobacterial and fungal infections. The most common cause of BSI and other infections is bacterial infection, hence in terms of market share and revenue in 2018, the bacterial infections category dominated. The segment is also predicted to have the highest CAGR over the course of the forecast period. Rising healthcare awareness and improved healthcare infrastructure in developing countries like South Africa, Tanzania, China, India, and Argentina are expected to propel the segment’s expansion. These countries’ governments are aiming to provide better medical facilities and diagnostic equipment, which promotes adoption.
Hospital laboratories accounted for the largest revenue share of the market in 2018 based on End-Use. This is brought on by a rise in hospital-acquired infections (HAIs). According to the WHO, developing countries have an intensive care unit (ICU) infection rate that is two to three times greater than that of industrialized countries. Urinary tract infections (UTIs) and wounds from surgical sites are included in this rate. Over 8,000 patients in Canada lose their lives to illnesses they contracted in hospitals each year.
- Global Blood Culture Tests Market Size, by Product (2022-2029)
• Consumables
o Bacterial Infections
o Fungal Infections
o Mycobacterial Infections
o Blood Culture Media
o Aerobic
o Anaerobic
o Fungi/Yeast
o Others
o Assay, Kits, and Reagents
o Blood Culture Accessories
• Instruments
o Bacterial Infections
o Fungal Infections
o Mycobacterial Infections
o Laboratory Equipment
o Incubators
o Colony counters
o Microscopes
o Gram stainers
o Automated Blood Culture Systems
• Software & Services
o Bacterial Infections
o Fungal Infections
o Mycobacterial Infections
2. Global Blood Culture Tests Market Size, by Technique (2022-2029)
• Conventional
• Automated
3. Global Blood Culture Tests Market Size, by Technology (2022-2029)
• Culture-based Technology
• Molecular Technology
o PCR
o Microarray
o PNA-FISH
• Proteomic technology
Global Blood Culture Tests Market Size, by Application (2022-2029)
• Bacterial Infections
• Fungal Infections
• Mycobacterial Infections
5. Global Blood Culture Tests Market Size, by End-Use (2022-2029)
• Hospital Laboratories
• Reference Laboratories
• Others
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Blood Culture Tests Market Key Players
- Becton
2. Dickinson and Company
3. Thermo Fisher Scientific
4. bioMérieux SA
5. Luminex Corporation
6. Danaher Corporation
7. Bruker Corporation
8. IRIDICA
9. Roche Diagnostics
10.T2 Biosystems
11.Anaerobe Systems
12.OpGen
13.Meditech Technologies India Private Limited
14.Carl Zeiss AG
15.Nikon Corporation
16.BINDER GmbH
17.Biobase Biotech
18.Scenker Biological Technology Co.
19.Bulldog Bio
20.Axiom Laboratories
21.HiMedia Laboratories
Key questions answered in the Blood Culture Tests Market are:
- What is Blood Culture Tests?
- What was the Blood Culture Tests market size in 2022?
- What is the growth rate of the Blood Culture Tests Market?
- Which are the factors expected to drive the Blood Culture Tests market growth?
- What are the different segments of the Blood Culture Tests Market?
- What growth strategies are the players considering to increase their presence in Blood Culture Tests?
- What are the upcoming industry applications and trends for the Blood Culture Tests Market?
- What major challenges could the Blood Culture Tests Market face in the future?
- What segments are covered in the Blood Culture Tests Market?
- Who are the leading companies and what are their portfolios in Blood Culture Tests Market?
- What segments are covered in the Blood Culture Tests Market?
- Who are the key players in the Blood Culture Tests market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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