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 : March, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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