X

Global Blood Culture Test Market Outlook to 2029

Healthcare | Q1 2024 | Report ID: MSR02608
Global Blood Culture Test Market Outlook to 2029

Report Description

Blood culture tests are utilized to diagnose the presence of microorganisms like fungi or bacteria in the blood, diagnose the causative agent responsible for bloodstream infection, and provide a suitable therapeutic approach. According to Marketstack, the Global Blood Culture Test Market is expected to grow considerably during the forecasted period. Factors such as the increasing occurrence of bloodstream infections and sepsis diagnostics are expected to drive the Blood Culture Test Market in the forecasted period. Further, the growing burden of several chronic diseases has increased the need for early and effective diagnosis, as delay in detection may lead to complications and can be fatal, which are expected to drive the Blood Culture Test Market in the forecasted period. Furthermore, the implementation of a favourable regulatory environment for the development and production of advanced diagnostic products, including blood culture test products, is predicted to drive the market in the forecasted period. However, the high cost of automated blood culture instruments and the need for more skilled professionals & laboratory technicians are expected to hinder the development of the Blood Culture Test market in the forecasted period.

The rising incidence of bloodstream infections, including sepsis, is a significant driver for the blood culture market. Blood culture tests are vital for accurate diagnosis, appropriate treatment, and improved patient outcomes. An increase in the prevalence of Infectious diseases like blood and bloodstream Infections has been observed, which acts as a critical propelling force for the global market for blood culture tests. Infectious diseases are the cause of mortality and morbidity around the world. This consists of conditions such as bloodstream infections and sepsis. Blood culture tests make it possible to detect and treat these diseases relatively quickly, thereby inhibiting them from becoming life-threatening. Laboratory technicians and researchers used consumables like assays, kits, blood culture media, software and services, reagents, and other comparable products to diagnose microorganisms and, as a result, control the infection they cause. With the help of blood culture tests, it is possible to recognize the infectious agent responsible for the blood infection. This paves the way for a precise treatment prognosis and helps stop any adverse effects that may be caused owing to the severity of the disease. The increasing need for more sophisticated and proper diagnostic techniques for identifying infectious diseases like sepsis is predicted to contribute significantly to the development of the market. In response to this demand, numerous companies operating in demand are directing their efforts toward creating cutting-edge tests that can enhance the effectiveness and precision of diagnostic processes. As a result, many manufacturing firms are concentrating their resources on advancing the development of sophisticated diagnostic instruments and consumables, aiming to provide healthcare professionals with improved tools for accurate and timely disease detection. This trend is driven by the continuous pursuit of better diagnostic capabilities and the potential to enhance patient outcomes through early and accurate diagnosis of infectious diseases.

The North American region is predicted to have significant market growth over the forecasted period, mainly attributed to well-established healthcare infrastructure and access to diagnostics. Technological advancements, awareness regarding primary diagnosis, and the treatment of infectious diseases are anticipated to boost market growth over the forecast period. The elevating burden of chronic diseases in the United States, such as thyroid, diabetes, and other diseases requiring blood tests, will increase the market. With the demand for rapid diagnosis of other diseases, the automated blood culture tests segment is anticipated to grow significantly. In addition, more adaptation of automated equipment and accuracy in the results remove the manual errors in the results of automated blood culture tests, gaining traction in the Blood Culture Test market. The surging prevalence of bacterial infections, especially in underdeveloped and developing countries, is predicted to boost the development of the bacterial culture testing segment. The development of novel diagnostic technologies in culture-based tests, decrement in diagnosis time, and early prevention of disease spreading are predicted to boost the market's growth. HAls, also known as nosocomial infections, are infections that patients receive while receiving treatment for other conditions within healthcare facilities. These infections include several pathogens, including bacteria, viruses, and fungi, which can lead to severe complications, prolonged hospital stays, and increased healthcare costs.

Moreover, blood culture tests are essential in diagnosing and managing Infectious diseases, thus escalating the demand for these tests with the growing number of HAI rates. Healthcare facilities are adopting stringent infection control measures involving routine blood culture testing to detect and manage infections promptly. Furthermore, the ever-increasing healthcare costs drive healthcare providers to seek cost-effective diagnostic solutions, including blood culture tests, to detect infections promptly, thus propelling the market growth. The global market's expansion is the surge in investment in research and development activities managed by various healthcare sectors to grow new products such as Instruments, consumables, and software. The growth of new products and services can be supported by funding in research and development, which also contribute to the company's expansion in the forecasted period. Further, implementing stringent government regulations for developing and producing advanced diagnostic products, including blood culture test products, will drive the market's growth in the forecast period.

The market key players are Terumo Corp., bioMerieux, Bruker Corp., T2 Biosystems Inc. and Abbott Laboratories.

In October 2022, the NRH Medical Lab received a state-of-the-art blood culture machine worth USD 43,740 from the Australia High Commission.

In May 2021, F. Hoffmann-La Roche Ltd acquired GenMark Diagnostics to expand its molecular diagnostics portfolio with GenMark's expertise in syndromic testing. GenMark's ePlex systems enhance Roche's work in managing infectious diseases and antibiotic resistance. The ePlex platform is designed to diagnose multiple pathogens from a single rapid test and a patient sample, allowing clinicians to determine the cause of infection and prescribe treatment within hours.

Our Global Blood Culture Test Market report provides deep insight into the current and future state of the market across various regions. Also, the study comprehensively analyzes the Blood Culture Test market by segments based on the Method (Conventional/Manual Methods and Automated Methods), Product (Consumables, Instruments and Software and Services), Technology (Culture-Based Technology, Molecular Technologies and Proteomics Technology), Application (Bacteraemia, Fungaemia and Mycobacterial Detection), End-User (Hospital Laboratories, Reference Laboratories, Academic Research Laboratories and Other Laboratories), and by Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The study covers & includes emerging market trends, market developments, market opportunities, market size, market analysis, market dynamics, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market share and projects.

 

Choose a Licence Type

How can we help you today?

CONTACT AN EXPERT

  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the Global Blood Culture Test Market
  • Equip yourself with rigorous analysis and forward-looking insight into the Blood Culture Test Market across various regions
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop strategy
  • Gain understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand for Blood Culture Test Market evolve over the next five years across various regions
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Tables and charts

Global Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

North America Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

United States Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Canada Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Mexico Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Europe Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

United Kingdom Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Germany Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Other Supporting Charts

Italy Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

France Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Spain Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Rest of Europe Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

South America Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Brazil Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Argentina Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Rest of South America Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Asia-Pacific Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

China Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

India Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Japan Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

South Korea Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Rest of Asia-Pacific Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Middle East & Africa Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Saudi Arabia Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

South Africa Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Rest of Middle-East & Africa Blood Culture Test Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

  Who need this report?

  • Manufacturers & Suppliers
  • Healthcare Service Providers
  • Pharmaceutical Companies
  • Insurance Companies
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Other Stakeholders

  What's included

Report - Global Blood Culture Test Market Outlook to 2029.pdf
Market Data - Global Blood Culture Test Market Outlook to 2029.xls

HOW CAN WE HELP?

Get in touch to discuss your ambitions and we’ll help you get there.

GET IN TOUCH