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The effects of bloodstream infection (BSI) on mortality and morbidity are significant. Blood cultures are the gold standard for BSI diagnosis. Manual blood culture procedures remain the primary approach for detecting bloodstream infection in LMICs, whereas automated technologies for blood culture incubation growth monitoring are commonly utilized in high-income nations.
Blood Culture Test Market Report Scope and Research Methodology:
The report provides a comprehensive assessment of the market, including main stakeholders in the Blood Culture Test industry. The market’s volume, revenue, production and sales have also been included in the Blood Culture Test market report in detail. It clearly shows the historical and current status of the market with the forecasted trends and Blood Culture Test market size. To understand consumer behaviour in its entirety, the report employed several research methodologies including interviews, surveys, etc.
SMR’s report is the result of the several methodologies used for the study which are PORTER, PESTLE and SWOT analysis along with the bottom-up approach to estimate the Blood Culture Test market size. The study used these methods to shed light on the key financial considerations that Blood Culture Test key players must focus on when identifying competition and developing market strategies.
Blood Culture Test Market Overview:
Stellar Market Research has published an intelligence report entitled Blood Culture Test Market, which includes Manufacturers, Regions, Types, Applications, Segments and Forecast to 2029. The report covers the analysis of insights in view of the Blood Culture Test market along with its ever-changing patterns, industry environment and all dominant aspects of the market.
Blood Culture Test Market Size was valued at USD 4.95 billion in 2021. Global Blood Culture Test Market size is estimated to grow at a CAGR of 9.2 % over the forecast period.
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Blood Culture Test Market Segmentation:
As a result of the product, The consumables category dominated the global blood culture test market in 2021 and is expected to do so again throughout the forecast period, owing to increased demand for blood culture media, assays, kits, and reagents. The instrument segment, on the other hand, is expected to grow significantly during the projected period. This is due to the fact that the equipment used in hospitals and diagnostic labs provides speedy findings with high accuracy for bacterial and fungal detection. LCD's emphasis on scientific innovation and leadership continued in 2018, with the release of significant test menu and automation advancements, as well as the launch of more than 70 new tests.
In terms of technology, the worldwide alliance for diagnostics is spearheading a request for protocols (REP) to speed the development of innovative solutions for simplified and better blood culture technologies. A funding envelop of USD$0.5 to $1.5 million is available to applicants to assist the advancement of development technologies that meet a set of established key product requirements. The market is expected to grow due to increased demand for advanced diagnostic tools such as microarray, PCR, and Peptide Nucleic Acid—Fluorescent in Situ Hybridization (PNA-FISH). Because of its benefits, such as enhanced accuracy, shorter test durations, and increased test specificity, the PNA-FISH technology sub-segment is expected to develop at the fastest CAGR throughout the projected period.
By way of example, Bacterial infection is one of the leading causes of bloodstream infection and sepsis; the bacterial sector saw the greatest increase in 2019 and is predicted to maintain its lead in the near future. However, because sepsis and bloodstream infections are growing more widespread over the world, the fungal category is expected to grow significantly during the forecast period. As BSIs become more common and sepsis cases rise globally, the fungal infections market is likely to grow commercially during the study period. Candida species, for example, are the primary causative agents of fungal sepsis, which accounts for 15% to 20% of infections connected with healthcare.
Blood Culture Test Market Key Players:
Becton
Dickinson and Company
bioMérieux SA
Thermo Fisher scientific, Inc
Danaher Corporation
Luminex Corporation
Roche
BrU.K.er Corporation
Abbott Laboratories.
Labcorp
Blood Culture Test Market Regional Insights:
The Blood Culture Test market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the Blood Culture Test Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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