Blood Culture Tests Market

SKU: DMCD1183 | Last Updated On: Sep 26 2022 | Available Formats

>Blood Culture Tests Market Expected to reach a high CAGR 9.20% By 2029:

Blood Culture Tests Market is segmented By Product (Consumables, Blood Culture Media, Assay, Kits, and Reagents, Blood Culture Accessories, Others), By Technology (Culture-based Technology, Molecular Technology, Proteomic Technology), By Application (Bacterial Infections, Fungal Infections, Mycobacterial Infections), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2029.

Blood Culture Tests Market is expected to grow at a high CAGR 9.20% during the forecasting period (2022-2029).

Blood culture tests are procedures done to detect an infection in the blood and identify the cause. Infections of the bloodstream are most commonly caused by microorganisms such as bacteria, fungi, and yeast. Growing prevalence of blood-related infections, high mortality, and morbidity from sepsis, the need for advanced diagnosis techniques are driving the global blood culture tests market over the forecast period.

Blood Culture Tests Market Dynamics 

Rising prevalence of infectious blood diseases such as sepsis is the major factor driving the global blood culture tests market growth. According to the reports by BD (Becton Dickinson), each year, an estimated 31.5 million cases of sepsis are diagnosed globally, with an estimated 5.3 million deaths. Also, there has been an increase in R&D activities by many healthcare companies to develop advanced products such as instruments, consumables, and software. Investment in R&D for the development of the new product is a crucial strategy of vendors to support the long-term growth of their businesses, which is driving the market growth. For instance, in 2016, Becton, Dickinson and Company, a leading blood culture testing product provider, invested around $ 1,430 million in R&D.

Stringent government regulations for the development and manufacturing of diagnostic products, including blood culture tests products, could hinder the market growth. 

Blood Culture Tests Market Segmentation

Based on the application, the global Blood Culture Tests market is broadly segmented as fungal infections, bacterial infections, and mycobacterial infections. Among all these bacterial infections accounted for major market share in 2018, and is projected to grow at a high pace during the forecast period (2019-2026). Blood culture tests are used to detect a bacterial infection that spreads into the blood in various conditions, such as osteomyelitis, meningitis, pneumonia, kidney infection, BSI, sepsis, and other infections. According to WHO (World Health Organization), in 2018, Sepsis arises when the body's response to an infection injures its tissues and organs, potentially leading to death or significant morbidity. It is affecting more than 30 million people worldwide every year, potentially leading to 6 million deaths. As a result, there is a high demand for advanced products by hospitals and clinical diagnostics laboratories for the detection of bacterial infections.

Blood Culture Tests Market

Metrics

Details

Market CAGR

9.20%

Segments Covered

By Product, By Technology, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Blood Culture Tests Market Geographical Analysis 

The global blood culture tests market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North America region accounted for major market share in 2018. During the forecast period (2019-2026), the Asia Pacific region is expected to grow at a significant rate. It is owing to factors such as government initiatives to increase awareness on the disease, high prevalence of infectious diseases coupled with developing healthcare infrastructure. Additionally, the presence of a large base of the target population and increasing disposable income in the Asia Pacific region are the key factors contributing to the regional market growth.

Blood Culture Tests Market Competitive Analysis 

Significant players of the global blood culture tests market are Key players in the blood culture test market include Becton Dickinson and Company, BioMérieux SA, Thermo Fisher Scientific, Inc., Cepheid, Inc., Nanosphere, Inc., Roche Diagnostics, Beckman Coulter, Bruker Corporation, T2 Biosystems, and others. Majority of these prominent players are adopting a few organic and inorganic strategies such as product launches, collaboration, and product agreements, and other key developments to enhance their product portfolio in the blood culture tests market. For instance, 

• In April 2019, Becton, Dickinson, and Company, announced the global availability of BD BACTEC™; platelet quality control media, which allows microbiology laboratories, blood banks, and transfusion services to identify contaminated platelet units.

• In December 2018, BioMérieux announced that its culture bottles BACT/ALERT® BPA and BPN had received 510(k) clearance from the U.S. Food and Drug Administration (FDA).

• In August 2017, Becton Dickinson and Company got 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its BD BACTEC™ Standard Aerobic and Anaerobic blood culture bottles in plastic.

Frequently Asked Questions

What is the Projected CAGR value of the Blood Culture Tests Market?

Blood Culture Tests Market is expected to grow at a CAGR of 9.20% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Blood Culture Tests Market during 2022-2029

Which is the fastest growing region in the Blood Culture Tests Market​​​​​​​?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period

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