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Insights into Blood Culture Test Market and it’s Growth Outlook

 

According to latest research report \“Blood Culture Test Market Size & Share by Application (Bacteremia, Fungemia), Product (Consumables, Instrument), Method (Automated, Manual), Technology (PCR, Microarray, Proteomic) & End User (Hospital Laboratories, Reference Laboratories) – Global Forecast to 2021\“, the overall market of blood culture test is projected to reach $4,768.9 million by 2021 from $3,252.6 million in 2016, at a CAGR of 8.0%. Factors such as rapidly rising aging population, increase in product approvals and launches, high incidence of bloodstream infections, high prevalence of infectious diseases, and increase in demand for rapid diagnostic techniques are driving the growth of the blood culture test market during the forecast period.

Geographically, the market of blood culture test is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2016, North America is expected to account for the largest share of the blood culture test market. However, the Asian market is expected to grow at the highest CAGR. Growth in the Asian market can be attributed to the high incidence of sepsis and government initiatives to increase awareness on the disease, increasing demand for effective diagnostic techniques, rising awareness about early disease diagnosis, increasing adoption of advanced technologies, rapid rise in geriatric population, and growing regulatory approvals & availability of blood culture test products in this region.

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The blood culture test market is highly competitive, with prominent players such as Becton, Dickinson and Company (U.S.), bioMérieux SA (France), and Thermo Fisher Scientific, Inc. (U.S.). Some of the other players in this market include Cepheid, Inc. (U.S.), Nanosphere, Inc. (U.S.), IRIDICA (U.S.), Beckman Coulter (U.S.), Corporation (U.S.), and T2 Biosystems (U.S.).

Target Audience
• Molecular Diagnostic Companies
• Manufacturers of Clinical Microbiology Instruments and Consumables
• Venture Capitalists
• Research and Consulting Firms
• Clinical Diagnostic Laboratories

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company‘s specific needs.

The following customization options are available for the report:

Company Information
• Detailed analysis and profiling of additional market players (up to 5)

Product Analysis
• Product matrix, which gives a detailed comparison of the product portfolios of the top companies

Geographic Analysis
• Further breakdown of the Rest of the World market into Pacific Countries, LATAM, and Middle East and Africa

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Growth of the market can be attributed to increasing number of sepsis cases and high cost of treatment, rising geriatric population, growing number of product approvals, high incidence of bloodstream infections, growth in demand for rapid diagnostic techniques, and high prevalence of infectious diseases are driving the market growth of blood culture test. On the other hand, factors such as high cost of automated instruments and lack of skilled laboratory technicians are limiting the market growth of blood culture test.
High incidence of blood stream infections are expected to drive the market growth to a certain extent during the forecast period.

Research Methodology
This study estimates the market size of blood culture test for 2016 and projects its demand till 2021. Top-down and bottom-up approaches were used to estimate and validate the sizes of the global market and various other dependent submarkets of the market.

The key players in the market were identified through secondary research, and their market contributions in the respective regions determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined by secondary sources and verified through primary sources.

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Posted by on 23. April 2019.

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Categories: Bilder, Vermischtes

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