The report "Blood Culture Tests Market - Global Forecast to 2021", The global blood culture tests market is projected to reach USD 4,768.9 Million by 2021 from USD 3,252.6 Million in 2016, at a CAGR of 8.0%. The base year considered for the study is 2015 and the forecast for the market size is provided for the period between 2016 and 2021.
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In blood culture tests market report the factors such as rapidly rising aging population, increase in product approvals and launches, high incidence of blood stream infections, high prevelance of infectious diseases, and increase in demand for rapid diagnostic techniques are driving the growth of the blood culture tests market during the forecast period.
Full details on this report Blood Culture Tests Market spread across 249 Pages, Profiling 11 Companies and Supported with 300 Tables and 50 Figures is now available at www.rnrmarketresearch.com/blood-culture-test-market-by-method-manual-automated-product-consumables-instrument-application-aerobic-anaerobic-yeast-fungi-end-user-hospital-reference-laboratory-clinical-laborato-market-report.html
The high growth of this segment is attributed to the increasing outsourcing of blood culture tests by hospitals to reference laboratories, as they can perform a large volume of tests and are equipped with advanced diagnostic techniques that provide blood culture tests with a quick turnaround time. North America dominates the blood culture tests market in 2016, followed by Europe.
Key players in the blood culture tests market include
- Dickinson and Company (U.S.),
- bioMérieux SA (France),
- Thermo Fisher Scientific, Inc. (U.S.),
- Cepheid, Inc. (U.S.),
- Nanosphere, Inc. (U.S.),
- Roche Diagnostics (Switzerland),
- Beckman Coulter (U.S.),
- Bruker Corporation (U.S.),
- IRIDICA (U.S.), and
- T2 Biosystems (U.S.).
However, Asia is projected to grow at the highest CAGR during the forecast period, owing to 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 market products in this region.
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The study suggests that Abbott’s PCR/ESI-MS can detect bacteria, viruses, or fungi in a short span of time when the blood culture tests are negative. Such technological advancements will significantly contribute towards the adoption of rapid diagnostic techniques among hospital laboratories and reference laboratories, which are major end users of these instruments.
Target Audience of Bllod Culture Tests Market is as Follows
- Molecular Diagnostic Companies
- Manufacturers of Clinical Microbiology Instruments and Consumables
- Venture Capitalists
- Research and Consulting Firms
- Clinical Diagnostic Laboratories
In addition, growth of blood culture tests market in North America is driven by technological advancements and increase in demand for rapid diagnostic techniques. Various market players are focusing on new product launches to expand their product portfolios and cater to their wide customer base.
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Factors such as high incidence of sepsis and government initiatives to increase awareness on 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 are contributing to high growth rate of this market segment.
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