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%. North America dominates the blood culture tests market in 2016, followed by Europe. 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.
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Major factors contributing to growth of blood culture test market include growing number of sepsis cases and high cost of treatment, increase in prevalence of infectious diseases, rapidly rising aging population, increase in product approvals and launches, increase in demand for rapid diagnostic techniques, and high incidence of bloodstream infections.
Stakeholders of this Research Report are 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 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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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 market 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.
Blood Culture Tests Market, By Technology
2 Culture-Based Technology
3 Molecular Technologies
5 PCR (Polymerase Chain Reaction)
6 PNA-FiSH (Peptide Nucleic Acid – Fluroscent in Situ Hybridization)
7 Proteomics Technology
Top trends in blood culture tests market include Becton, 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.).
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The blood culture tests market is segmented into bacteremia, fungemia, & mycobacteria. Among these, bacteremia is estimated to account for largest share of market in 2016 & grow at highest CAGR during forecast period (2016-2021).
High growth rate & large share of this segment is primarily attributed to the increasing number of bloodstream infections & growing number of sepsis cases on a global level.
Global blood culture tests market is dominated by North America, followed by Europe. However, market in Asia is expected to register the highest growth rate.
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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