Blood Culture Test Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Blood Culture Test Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : September, 2020 | Medical Devices | PPT format

Report Digest


Global Blood Culture Test Market: Overview

Blood culture tests are conducted when a healthcare provider suspects that a patient might suffer from blood infection. Blood infection poses a high risk for serious complications including a condition called sepsis, whereby the pathogens which cause infection in our bloodstream interfere with our body’s defenses and arrest the proper functioning of our immune systems. These pathogens create toxins that harm our organs as well. As a result, blood culture tests are leveraged to determine which bacteria or other organism has been leading to blood infection and how to combat it efficiently.

Global Blood Culture Test Market: Key Trends

Because the risk of developing a blood infection rises considerably when a person is suffering from conditions such as cancer, diabetes, HIV or AIDS, or an autoimmune disease, the rising incidence of these chronic conditions has been one of the most significant catalysts of the global blood culture tests market. The increasing number of surgeries, prosthetic heart valve replacements, and growing acceptance of immunosuppressive therapy have also been influencing the growth of the global blood culture test market in a positive way. Blood cultures are also being drawn from infants and newborns with fever who might have an infection.

However, the potential side effects associated with blood culture such as excessive bleeding, hematoma (bleeding under the skin), infection, and fainting can act as a stumbling block to the expansion of the global blood culture test market.

Global Blood Culture Test Market: Market Potential

Several research and development projects are being undertaken by scientists, universities, and researchers. For example, in May 2017, a novel device for drawing blood was found to be capable of reducing contamination of cultures by a study conducted at the University of Nebraska Medical Center (UNMC). The study included 904 participant patients from the emergency department, along with 1,808 blood cultures. SteriPath, the Food and Drug Administration (FDA)-approved device is designed by Magnolia Medical Technologies. It potentially cuts down the use of antibiotics, simultaneously reducing health care costs, finds the study.

Another testing instrument, the PhenoTest BC Kit received FDA approval in February 2017. The device is presently being used at the University Hospital of Augusta. The new test method enables patients who are diagnosed with bloodstream infection to receive treatment nearly two days sooner. The test can provide crucial information not only pertaining to the organisms responsible for the bloodstream infection but also regarding to which antibiotics the organism might respond to. The development of such innovative products can enhance the adoption of blood culture tests on a global scale, leveling up the overall market revenue.

Global Blood Culture Test Market: Regional Outlook

Based on geography, the global blood culture test market can be segmented into Latin America, the Middle East and Africa, Europe, Asia Pacific, and North America. The blood culture test market in North America is currently at the headmost place owing to the existence of several large market players including Thermo Fisher Scientific, Inc., Becton, and bioMérieux SA. Europe is anticipated to witness substantial demand for blood culture tests due to high development of healthcare infrastructure in countries such as France, the U.K., and Germany.

Asia Pacific is likely to surpass all other regions in terms of growth rate during the forthcoming period, triggered by an alarming rise in infectious diseases. Government initiatives at ramping up the healthcare infrastructure are also boosting the blood culture test market in the region.

Global Blood Culture Test Market: Competitive Landscape

Abbott, Danaher Corporation, bioMérieux SA, Dickinson and Company, Alere, Thermo Fisher Scientific, Inc., Luminex Corporation, Becton, Bruker Corporation, and Roche Diagnostics are some leading players operating in the global blood culture test market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?