Blood Culture Test Market

Blood Culture Test Market: Global Industry Analysis and Opportunity Assessment 2016-2026

  • Ongoing
  • August 2020
  • REP-GB-1202
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Blood Culture Test Market
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This Blood Culture Test market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Blood Culture Test market.

Blood culture is defined as the microbiological culture of blood, to detect infections that are spreading through the bloodstream. The infections spreading through the blood stream include bacteremia and septicemia among others. This is possible because the bloodstream is usually a sterile environment. Negative effect of an improper blood culture includes risks of wrong venipuncture and the occurrence of false positive results. This phenomenon has been observed in over 3% of the blood culture cases and could hamper patient safety through inappropriate diagnosis and treatment. Globally, bloodstream infections (BSI) one of the leading cause of morbidity and mortality, and associated with significant healthcare costs. It has been estimated that approximately 1 million patients in the U.S. are diagnosed with BSI, costing the healthcare system nearly US$ 1 billion.

Blood Culture Test Market: Drivers and Restraints

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Drivers for the blood culture test market include high incidence of blood stream infections, rising demand for rapid diagnostic tests, a large percentage of aging population across countries apart from rapid advancements in medical technology, growing awareness among the patients and increasing adoption rate of the latest technologies among patients. Some of the latest technologies for blood culture test include multiplex real-time PCR system, use of molecular method, mass spectrometry & electro spray ionization.

Blood Culture Test Market: Segmentation                        

Blood Culture Test Market: Overview                                 

Blood Culture Test Market: Region-wise Outlook                        

Depending on geographic regions, blood culture test market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

Blood Culture Test Market: Key Players                            

Some of the key players in blood culture test market are bioMérieux SA, Roche Diagnostics, Becton Dickinson, Siemens AG, Thermo Fisher Scientific Inc., Bruker Corporation, Cepheid, Alere Inc., Nanosphere and Abbott Laboratories.  

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Restraints for the market include high cost of advanced blood culture techniques and lack of appropriate reimbursement policies. Further, lack of proper training among medical technicians in developing countries and other resource-poor nations is also expected to hamper the revenue growth of the market.

Blood Culture Test Market: Segmentation                        

Blood Culture Test market can be segmented into these following ways:

  • Segmentation by type of culture procedure
    • Conventional manual method
    • Automated method
  • Segmentation by product type
    • Consumables
      • Blood Culture Media
      • Aerobic Blood Culture Media
      • Anaerobic Blood Culture Media
      • Mycobacterial Blood Culture Media
      • Fungi/Yeast Blood Culture Media
      • Reagents and Assay Kits
      • Other Consumables
    • Instruments
      • Automated Blood Culture Analyzers
      • PNA FISH
      • PCR
      • MALDI-TOF MS
  • Segmentation by indications
    • Bacteremia
    • Fungemia
    • Mycobacteria
  • Segmentation by regions

Increasing demand for rapid diagnosis and quicker results is positively impacting the demand for blood culture test market globally. Increasing prevalence of hospital acquired infections, infectious diseases, lowered immunity levels due to high pollution levels is also increasing the demand for blood culture tests. However stringent regulations in regions such as North America and Europe may negatively impact the growth of the market over the forecast period. Improving medtech investments globally would however, lead to increased investments in new advanced research techniques and lead to continuous evolution in the blood culture market. Developing markets are expected to witness higher growth rates due to rising awareness among the patient population and also higher affordability power.

Blood Culture Test Market: Region-wise Outlook                        

In terms of geography, North America dominates the market, followed by Europe and Asia-Pacific. However, rising healthcare aid will drive the markets over Sub-Saharan Africa, India, China, and other East Asian nations. United States dominates the Blood Culture Test market driven by technically advanced healthcare infrastructure and high patient awareness & healthcare expenditure levels. Some advanced medtech techniques include Bac Spectrum assay, electro spray ionization, & mass spectrometry. The country is also expected to benefit from favorable government initiatives such as the Affordable Care Act. Emerging markets include Eastern European countries followed by countries in Eastern Africa. Rising disease incidences in these countries is expected to prove favorable for the growth of the blood culture test market.

Blood Culture Test Market: Key Players                            

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.
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  • The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
  • An overview of the market report, providing an imperative visual of the varied market subdivisions and overall forecast statistics in terms of value and volume
  • Extensive database and key dynamics elevating the market with varied verticals associated
  • Underlying Blood Culture Test Market forces that are compelling consumers or businesses to purchase the product
  • How novel technologies and consumer-centric innovations will create new value-adding opportunities for companies active in the Blood Culture Test Market
  • What will be environment and regulatory impacts on the market over the next decade
  • Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
  • Relative Maturity Mapping – The relative maturity is measured according to three growth phases (growth, maturity, decline)
  • Relative PLC (Product Life Cycle) – Analysis of the emergence of prominent players and competitive test prices which are driving factors behind every market. (expected market behavior, observed market behavior, expected market performance, observed market performance)
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