Pune, 08, Dec, 2022: The Sepsis Diagnostics Market report published by Maximize market Research, the market is expected to grow from USD 600 million in 2021 to USD 1120 million in 2029, at a CAGR of 7.17 percent for the forecast period from 2022 to 2029.
Sepsis Diagnostics Market Scope and Research Methodology
The report is a detailed study of the Sepsis Diagnostics Market covering all the major aspects such as segments, country wise, and region wise and global presence. The Sepsis Diagnostics Market is segmented based on Product, Technology, Pathogen, Testing Type and Region. The development of various methods to help identify key application areas and the gap in the target market is facilitated by the expansion of distinct segments, which provides report clients with information of the numerous growth variables expected to be important across the market. The research offers a thorough study of the market and includes insightful information, actual details, historical data, and market statistics that have been scientifically backed and approved by the relevant industries. It contains forecasts based on the proper methodology and set of assumptions.
The market size and various segment estimates were validated using a bottom-up methodology. Both primary and secondary data gathering approaches were used to get the data. The main approaches were surveys, distributing questionnaires, and conducting telephone interviews with experts in the field, market leaders, business owners, and marketers. For optimal trustworthiness of the findings, secondary data was carefully gathered from a selected range of sources, along with paid databases, this also includes the official websites of different organisations and the government, trade publications, annual reports, white papers, and releases from companies that produce and supply raw material to the sector. PESTLE was used to understand the potential impact of the micro-economic factors affecting the Sepsis Diagnostics Market.
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Sepsis Diagnostics Market Overview
Sepsis is a highly dangerous infection that occurs when the body’s response to an infection causes tissue damage. Sepsis, which can cause numerous organ failures, rapid breathing, neurological dysfunction, low blood pressure, and an elevated heart rate, is still a serious problem. Sepsis has widespread across wealthy nations. According to statistics, sepsis affects roughly 750,000 people in the United States. Sepsis is a known and a major threat to patients safety and global health.
Sepsis Diagnostics Market Dynamics
The prevalence of sepsis is rising as more individuals are being hospitalised for a variety of ailments and infections. This in turn is driving the market for sepsis diagnostics with attractive potential. Nosocomial infections, sometimes referred to as hospital-acquired infections or HAIs, are a leading cause of death globally. The most typical conditions acquired in hospitals are urinary tract infections, pneumonia, and sepsis. The sepsis diagnostics market is growing as a result of the increasing incidence of infectious disorders such cholera, pneumonia, salmonellosis, toxic shock syndrome, COVID-19, and others.
The cost of molecular diagnostic testing is between $300 and $3,000, which is highly pricey when compared to blood culture tests, which can be acquired for as low as USD 28–35. Companies are concentrating on creating automated diagnostic tools based on cutting-edge technology, such molecular diagnostics, for identifying sepsis, but government hospitals and academic research facilities cannot afford such tools owing to low funding levels. Sepsis is a potentially lethal illness that has to be identified and treated right away by qualified medical professionals. A serious issue is the lack of competent workers in the world which is a major restraint for the Sepsis Diagnostics Market.
Sepsis Diagnostics Market Regional Insights
North America is expected to hold a sizeable portion of the global market for sepsis diagnostics and is expected to exhibit a similar trend throughout the course of the forecast period. One in three people who pass away in hospitals have sepsis, according to the Centers for Disease Control and Prevention. The rise in the elderly population, infections that are resistant to medicines, and a high risk of infection among organ transplant recipients are all thought to be contributing factors to the country’s rise in sepsis cases. To further safeguard Americans from the severe effects of sepsis, the CDC developed the Get Ahead of Sepsis initiative. Infection prevention, patient education, and early sepsis detection are all encouraged by this programme.
The economic growth occurring in nations like China and India as a result the sepsis diagnostics market in the Asia Pacific region is expected to grow quickly. One of the most common causes of death in ICUs in China is sepsis. Additionally, a clinical criteria research found that sepsis affects 15% of ICU patients and has a 90% fatality rate. The scarcity of epidemiological information has caused a high fatality rate. This demonstrates the significant illness burden of severe sepsis or septic shock in the nation. Therefore, it is critical to enhance the early sepsis triage system, cultivate core medical competencies, and manage nosocomial infections. It is expected that this rise in sepsis prevalence would boost demand for sepsis diagnosis.
Sepsis Diagnostics Market Segmentation
By Product:
- Instruments
- Blood Culture Media
- Assay Kits and Reagents
By Technology:
- Microbiology
- Molecular Diagnostics
- Immunoassays
- Flow CytometryNear-Field Scanning Optical Microscopes
- X-ray Microscopes
- Other Microscopes
By Pathogen:
- Bacterial Sepsis
- Gram-positive Bacteria
- Gram-negative Bacteria
- Fungal Sepsis
- Others
By Testing Type:
- Laboratory Testing
- PoC Testing
Sepsis Diagnostics Market Key Manufacturers are:
- bioMérieux SA
- Becton, Dickinson and Company
- Thermo Fisher Scientific, Inc.
- F. Hoffmann-La Roche AG
- Danaher Corporation (Beckman Coulter, Inc.)
- Luminex Corp.
- Bruker Corp.
- Amara Health Analytics
- Wolters Kluwer N.V.
- Cerner Corp.
- Epic Systems Corp.
- Mckesson Corp.
- GE Healthcare
- Koninklijke Philips N.V.
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Key questions answered in the Sepsis Diagnostics Market are:
- What is Sepsis Diagnostics?
- What is the growth rate of Sepsis Diagnostics Market for the forecast years?
- What is the nature of competition in Sepsis Diagnostics industry in developed and developing economies?
- Who are the key players in the Sepsis Diagnostics Market?
- Who are the market leaders in Sepsis Diagnostics in Europe?
- Who are the market leaders in Sepsis Diagnostics in USA and Canada?
- Who are the market leaders in Sepsis Diagnostics in India, China, Japan and South Korea?
- What are the factors affecting growth in the Sepsis Diagnostics Market?
- Who held the largest market share in Sepsis Diagnostics Market?
- What are the factors for the growth of Asia-Pacific region in Sepsis Diagnostics Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product, Technology, Pathogen, Testing Type and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading healthcare research firm, has also published the following reports:
In Vitro Diagnostics Quality Control Market –The In Vitro Diagnostics Quality Control Market size is expected to reach USD 2.58 billion by 2029 at a CAGR of 5.5 percent during the forecast period. The In Vitro Diagnostics Quality Control Market is expected to be driven by the growing global burden of various diseases. To fulfil this need, the number of laboratories in the public and commercial sectors has increased rapidly.
Blood Culture Tests Market –The Blood Culture Tests Market size is expected to reach USD 10.70 billion by 2029 at a CAGR of 11 percent during the forecast period. Bloodstream infections acquired in hospitals, or nosocomial infections, are among the major causes of death worldwide. The Blood Culture Tests Market is expected to be driven by High frequency of infections in the bloodstream.
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