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Global Blood Culture Tests Market To Expand With CAGR of 8.1% in 2019 – 2027 – Top Players are Thermo Fisher Scientific, bioMérieux, Abbott, Alere, and Bruker

February 10th, 2021 Wise Guy Research Consultants Pvt. Ltd. Releases

REPORT HIGHLIGHT

The blood culture test market was estimated to represent a global market of USD 4.63 million by 2019 with growth rate of 8.1%.

Blood culture tests are widely used to detect the presence of foreign invaders, i.e. fungi or bacteria in blood samples. These cultures are collected for testing in order to check the cause of various infections inpatient. As per the article published in the Journal of Clinical Microbiology, every year, more than 20 million blood cultures are ordered in the U.S. alone.

Key Vendor Takeaway

Companies such as Thermo Fisher Scientific, bioMérieux, Abbott, Alere, and Bruker are profiled in the study. Majority of these companies were witnessed to have an extensive product offering coupled with strong regional presence. The key player is profiled based on attributes such as company overview, financial performance, SWOT analysis, and key developments.

Get Free Sample Report: https://www.wiseguyreports.com/sample-request/5641675-blood-culture-tests-market-by-product-instrument-consumables

Market Dynamics

Technological advancements are expected to be a major factor driving the market growth. Advancement in technologies has helped this field to provide better accuracy, reliability in disease diagnosis and to avoid unnecessary healthcare costs. For instance, an introduction of an automated microbial detection system, BacT ALERT 3D (bioMérieux) allows immediate bottle recognition with a low false positive rate and rapid response rate. This system is easy to use, save time, and prevent major test errors. Similarly, development of technologies targeted real-time PCR technique, and peptide nucleic acid fluorescent in situ hybridization (PNA-FISH) plays a strategic role in fostering the change of blood culture industry towards better health outcomes.

In addition, rising number of hospital admissions has led to rise in the incidence of hospital-acquired infections. For example, according to the World Health Organization (WHO), hospital-acquired infection is the most frequent adverse event in healthcare delivery across the globe. The organization stated that of the 100 hospitalized patients, 10 in developing and 7 in developed region acquire at least one healthcare-associated infection every year. Thus, the demand for effective and advanced blood testing techniques appear to be growing at strong growth rate for the treatment and diagnosis of various infectious diseases, augmenting the market growth. On contrary, the market has been stifled by some key barriers to growth. The foremost among these is the strict regulatory requirements and a high cost for some laboratory methods.

Product Takeaway

In terms of products, the market is categorized into instrument, consumables, and services. Consumables segment accounted for the largest share of the total market, captured more than 56% in 2019. This segment is further classified into Media, Assay kits and reagents, and Accessories. Whereas, instrument segment is divided into laboratory equipment and automated blood culture systems. Depending upon technique, the market is segmented as conventional and automated. With the convergence of various scientific and technological breakthroughs, the pace of automated blood culture test segment is accelerating.

COVID-19 Impact and Recovery Analysis

The novel COVID-19 has put the world on a standstill, affecting major operations, leading to an industrial catastrophe. However, the global blood culture test market is positively affected due to this outbreak. This report presented by AnalystView Market Insights contains a thorough analysis of the pre and post COVID-19 market scenarios. The report includes all the recent development and changes recorded during the COVID-19 outbreak and comprehends the analysis of top performer segments and marginal growth segment in blood culture test sector.

Regional Takeaway

Regionally, the global industry is dominated by the North America market. In 2019, this region is accounted for more than 42% share of the total industry. The growth of the regions is primarily attributed to the increasing incidence of infectious diseases coupled with the growing demand. On contrary, currently, this industry in developing regions such as the Asia Pacific and Latin America is small but rapidly expanding.

The market size and forecast for each segment has been provided for the period 2016 to 2027, considering 2019 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2021 to 2027 for every reported segment.

For Any Query: https://www.wiseguyreports.com/enquiry/5641675-blood-culture-tests-market-by-product-instrument-consumables

The years considered for the study are:

Historical Year – 2016 to 2018

Base Year – 2019

Estimated Year – 2020

Projected Year – 2027

The proposed reports analyse and evaluates the COVID-19 impact, and anticipated change on the future market scenario on this industry, by taking into the account the economic, political, technological, and social, parameters.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL BLOOD CULTURE TEST MARKET, BY PRODUCT

Instrument

Laboratory Equipment

Automated Blood Culture

Consumables

Media

Assay kits and Reagents

Accessories

Services

GLOBAL BLOOD CULTURE TEST MARKET, BY TECHNIQUE

Conventional

Automated

GLOBAL BLOOD CULTURE TEST MARKET, BY TECHNOLOGY

Molecular

Culture-based

Proteomic

GLOBAL BLOOD CULTURE TEST MARKET, BY APPLICATION

Fungal Infections

Bacterial Infections

Others

GLOBAL BLOOD CULTURE TEST MARKET, BY END USE

Reference Laboratories

Hospitals

Others

GLOBAL BLOOD CULTURE TEST MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America

 

Table of Content

  1. BLOOD CULTURE TEST MARKET OVERVIEW
  2. EXECUTIVE SUMMARY
  3. BLOOD CULTURE TEST KEY MARKET TRENDS
  4. BLOOD CULTURE TEST INDUSTRY STUDY
  5. BLOOD CULTURE TEST MARKET LANDSCAPE
  6. BLOOD CULTURE TEST MARKET – BY PRODUCTS:
  7. BLOOD CULTURE TEST MARKET – BY TECHNIQUE:
  8. BLOOD CULTURE TEST MARKET – BY TECHNOLOGY:
  9. BLOOD CULTURE TEST MARKET – BY TECHNOLOGY:
  10. BLOOD CULTURE TEST MARKET – BY TECHNOLOGY:
  11. BLOOD CULTURE TEST MARKET– BY GEOGRAPHY
  12. KEY VENDOR ANALYSIS

Read Other Reports from our Database :

http://www.marketwatch.com/story/global-blood-bank-refrigerators-market-2020-trends-share-product-analysis-market-challenges-new-opportunities-and-forecast-2026-2021-01-05

http://www.marketwatch.com/story/pharmaceutical-and-biotechnology-machines-market-global-industry-analysis-by-size-share-growth-trends-and-forecast-2020—2026-2021-01-05

About Us:

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs.

 

Contact Us:

sales@wiseguyreports.com       

Ph: +162 825 80070 (US)

Ph: +44 203 500 2763 (UK)

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