Health

“Blood Culture Tests Market Analysis: Advancing Diagnostic Capabilities for Infections and Infectious Diseases 2029”

October 27, 2023
Maximizepuja

Blood Culture Tests Market Overview: 

The study covers the global Blood Culture Tests market in depth, precisely, and completely, with a focus on market dynamics, market competition, regional growth, segmental analysis, and significant growth plans. Data on market growth, as well as market segmentation by regions, product type, application, and industry end-use, are included in the report. Experts provide detailed and exact marketing research reports using the most up-to-date Blood Culture Tests Market research techniques and technology. The Blood Culture Tests market size and share, as well as a wide range of industry verticals, are all thoroughly examined in this study.

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Blood Culture Tests Market Dynamics: 

Nosocomial infections, or bloodstream infections contracted in hospitals, are one of the leading causes of death globally. In the US alone, there are more than 255,000 hospital-acquired BSI cases annually. Every year, bloodstream infections afflict over 33 million people worldwide, resulting in 6.1 million deaths, 3 million babies, and 1.2 million children who suffer sepsis. Between 11% and 28% of patients in Eastern African countries are known to have bloodstream infections. Ghana’s rates of bloodstream infection are estimated to be between 9.3% and 11.2%. Journal of Tropical Medicine, 2019 is the source. These ailments are more common, which increases treatment costs and lengthens hospital stays overall.

Blood Culture Tests Market Scope:

This study delves deeply into demand estimations, market trends, and micro and macro aspects. The aspects that are fueling and limiting the market’s growth are also highlighted in this report. The MMR Matrix in the study provides existing and new market participants with information on potential investment opportunities. The research employs analytical methodologies such as Porter’s five forces analysis and PESTLE of the Blood Culture Tests market to generate market insights. Current market trends and forecasts for the years 2023-2029 are also examined in the study. The research also identified significant upcoming developments that will affect demand over the predicted period.

Blood Culture Tests Market Segmentation: 

by Technique
1.Conventional
2. Automated

Technique: The market is segmented into automated and conventional segments according to technique. The largest revenue-generating segment in 2022 was pathology laboratories, independent clinical laboratories, and hospitals due to the broad usage of the conventional technique. The automated blood culture technique sector is anticipated to grow at the highest rate throughout the projection period due to technological advancements that have resulted in faster and more accurate results as well as increasing R&D investments by manufacturers for the development of new products. Providing its clients with state-of-the-art testing supplies and equipment is the company’s top priority. For example, Becton, Dickinson, and Company debuted the BD BACTEC FX40 Blood Culture System and the BD Epicentre Microbiology Data Management System in June. America, China, Japan, and India

by Technology
1.Culture-based Technology
2. Proteomic technology
3.Molecular Technology
1.2 PCR
2.2 Microarray
3.3 PNA-FISH

In light of technology, Depending on technology, the market is split into three segments: molecular, proteomic, and culture-based. In terms of sales market share, the technology sector based on culture held the largest proportion in 2022. This is due to the widespread usage of this technology in numerous laboratories, including those in hospitals, reference, pathology, and doctor’s offices. Over the course of the projected period, the category for molecular technologies is anticipated to have the highest CAGR. The need for quick diagnostic techniques to detect bacterial or fungal infections in blood stems from rising R&D costs for manufacturers and a rise in the frequency of infectious diseases.
The market is anticipated to expand due to the rising demand for advanced diagnostic instruments such as Peptide Nucleic Acid—Fluorescent In Situ Hybridization (PNA-FISH), PCR, and microarray. The technical subsegment known as PNA-FISH

by Application
1. Bacterial Infections
2. Fungal Infections
3. Mycobacterial Infections

Application: Blood culture tests are used to identify bacteria that have entered the bloodstream during various medical conditions, such as sepsis, meningitis, pneumonia, osteomyelitis, and kidney infections. Using them, mycobacterium and fungal infections can also be discovered. Given that bacterial infections are the most common cause of bloodstream infections (BSI) and other diseases, the category of bacterial illnesses had the highest revenue share in 2018. The segment is also expected to have the highest compound annual growth rate (CAGR) over the projection period. Growing healthcare awareness and better healthcare infrastructure in developing countries like South Africa, Tanzania, China, India, and Argentina are expected to drive the segment’s growth. These countries’ governments are attempting to provide better healthcare facilities and diagnostic equipment, which promotes adoption.

by End-Use
1.Hospital Laboratories
2.Reference Laboratories
3.Others

Hospital laboratories had the largest revenue share of the market in 2018 based on End-Use. This is because hospital-acquired infections (HAIs) are on the rise. According to WHO estimates, the rate of infection in intensive care units (ICUs) in underdeveloped countries is two to three times greater than in industrialised countries. Wounds from surgery and urinary tract infections (UTIs) are included in this rate. More than 8,000 Canadian patients die from infections they contracted in hospitals each year.
Furthermore, the hospital laboratory segment is expected to develop at the fastest compound annual growth rate (CAGR) over the projection period. The main factors fueling the expansion are rising public awareness of healthcare issues and the steps made by the state and non-governmental organisations to avoid.

Based on Product, the blood culture tests market’s top revenue-generating segment in 2022 was driven by the expanding use of products such as consumables, assay, kits, reagents, and other accessories for diagnostic applications. Consumables are another important component driving the growth of this market segment. Over the course of the projected period, the instruments industry is expected to increase significantly due to product advancements. Automated systems, incubators, colony counters, microscopes, and gramme strainers are commonly used in hospitals and other diagnostic labs.
Businesses that offer diagnostic services are focusing on developing innovative products to satisfy consumer demand. In July, for example, the leading diagnostics company bioMérieux revealed that its VIRTUO device—a state-of-the-art method for continuously monitoring blood culture for microbiological

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Blood Culture Tests Market Key Players: 

1. Becton
2. Dickinson and Company
3. Thermo Fisher Scientific
4. bioMérieux SA
5. Luminex Corporation
6. Danaher Corporation
7. Bruker Corporation
8. IRIDICA
9. Roche Diagnostics
10.T2 Biosystems
11.Anaerobe Systems
12.OpGen
13.Meditech Technologies India Private Limited
14.Carl Zeiss AG
15.Nikon Corporation
16.BINDER GmbH
17.Biobase Biotech
18.Scenker Biological Technology Co.
19.Bulldog Bio
20.Axiom Laboratories
21.HiMedia Laboratories

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Regional Analysis:

Thanks to the geographical insights in the reports, readers will be well-informed on the Blood Culture Tests market on a regional level. A detailed awareness of local energy, economic, political, and geographic factors is required for any meaningful assessment of potential policy options in response to global market change. The study provides readers with regional perspectives on Blood Culture Tests market and local growth potential, as well as domestic area restraints.

  1. Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  2. Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  3. North America (the United States, Mexico, and Canada.)
  1. South America (Braazil etc.)
  2. The Middle East and Africa (GCC Countries and Egypt.)

COVID-19 Impact Analysis on Blood Culture Tests Market:

The impact of COVID-19 on the market is thoroughly examined in the Blood Culture Tests market research. As a result of the COVID-19 problem, researchers at Maximize Market Research, who are following the situation across the globe, believe that the market will provide profitable opportunities for producers. The report’s purpose is to provide a more comprehensive view of the current situation, the economic downturn, and the influence of COVID-19 on the entire industry.

The research provides data-driven insights and recommendations on a variety of topics. The following are some of the most significant inquiries:

  • What are the major current developments that could affect the product’s life cycle and return on investment?
  • What are the implications of regulatory changes on corporate, business, and functional strategies?
  • Will the micromarketing efforts of the main players result in investment?
  • What are the best frameworks and methodologies for PESTLE analysis?
  • In what areas will there be more new opportunities?
  • What are the game-changing technologies that will be used to capture new revenue streams in the near future?
  • How can various players develop client loyalty utilising distinct operational and tactical frameworks?
  • What is the current and expected degree of market competition in the near future?

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