Industry Background:
The growing number of sepsis cases and high cost of treatment and rising geriatric population will boost 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 to guide the proper treatment necessary to 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.
According to AMA, the market for Blood Culture Test is expected to register a CAGR of 9.1% during the forecast period to 2026. 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.
Key Developments in the Market:
On 8th April 2019, BD (Becton, Dickinson and Company), a leading global medical technology company has announced global availability of BD BACTEC™; platelet quality control media, which allows microbiology laboratories, blood banks and transfusion services to identify contaminated platelet units.
Market Drivers
- High Occurrence of Bloodstream Infections
- High Prevalence of Infectious Diseases
Market Trend
- Growing Number of Regulatory Approvals & New Product Launches
- High Adoption due to Rising Demand for Rapid Diagnostic Techniques
Restraints
- Rising Concern about the High Cost of Automated Instruments
- Dearth of Skilled Laboratory Technicians
Opportunities
Identification of Antibiotic-Resistant Microorganisms and Huge Opportunity in Emerging Economies
Challenges
Survival of Players Offering Conventional Blood Culture Products and Intense Competition among the Players
AMA Research follow 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 showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Blood Culture Test Study Sheds Light on
The Blood Culture Test Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey 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, the survey 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 value they currently claim, or capture the new addressable opportunity.