Blood Culture Tests Market Report Overview
Maximize Market Research published reports that help clients understand the Blood Culture Tests market structure in-depth. The report which is a combination of primary and secondary research gives thorough details about the Blood Culture Tests market, trade statistics, leading players, and various market metrics.
Blood Culture Tests Market size was valued at USD 5.33 Bn. in 2023 and the total Blood Culture Tests revenue is expected to grow by 11 % from 2024 to 2030, reaching nearly USD 11.50 Bn.
Blood Culture Tests Market Report Scope and Research Methodology
The report provides business statistics and analytical insights to help you understand the Blood Culture Tests market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications in plain language. The bottom-up approach was used to estimate the global and regional Blood Culture Tests market size. Both primary and secondary research methodologies were used to clearly present the Blood Culture Tests market structure.
In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on Blood Culture Tests key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which Blood Culture Tests industry experts were interviewed.
The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant Blood Culture Tests competitors' product offerings. SWOT analysis was used to identify the strengths and weaknesses of the Blood Culture Tests market.
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Blood Culture Tests Market Regional Analysis
The report has been segmented into many key countries. This section provides a detailed analysis of the Blood Culture Tests market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:
- North America- U.S., Canada, Mexico
- Europe- UK, Germany, France, Spain, Rest of Europe
- Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
- South America- Brazil
- Middle East and Africa.
Blood Culture Tests Market Segmentation
by Product
Consumables
Bacterial Infections
Fungal Infections
Mycobacterial Infections
Assay, Kits, and Reagents
Blood Culture Accessories
Blood Culture Media
Aerobic
Anaerobic
Fungi/Yeast
Others
Instrumentso Bacterial Infections
Fungal Infections
Mycobacterial Infections
Automated Blood Culture Systems
Laboratory Equipment
Incubators
Colony counters
Microscopes
Gram stainers
Software Services
Bacterial Infections
Fungal Infections
Mycobacterial Infections
The section of the blood culture tests market with the largest revenue generation in 2023 was consumables, which included things like blood culture media, assay, kits, reagents, and other accessories for diagnostic applications. Consumables are another important component driving the growth of this market segment. Over the course of the projected period, the instruments industry is expected to increase significantly due to product advancements. Automated systems, incubators, colony counters, microscopes, and gram strainers are commonly used in hospitals and other diagnostic labs.
by Technique
Conventional
Automated
The market is divided into conventional and automated segments based on technique. Owing to the widespread use of the conventional technique by hospitals, independent clinical laboratories, and pathology laboratories in 2023, had the biggest revenue-generating segment. Thanks to technical developments, such as faster and more accurate findings, and increased RD investments by manufacturers for new product development, the automated blood culture technique sector is expected to exhibit the greatest CAGR during the forecast period.
by Technology
Culture-based Technology
Proteomic technology
Molecular Technology
PCR
Microarray
NA-FISH
Depending on technology, the market is split into three segments: molecular, proteomic, and culture-based. In 2023, the technology sector with the largest sales market share was the culture-based sector. This is due to the widespread usage of this technology in numerous laboratories, including those in hospitals, reference, pathology, and doctor's offices. Over the course of the projected period, the category for molecular technologies is anticipated to have the highest CAGR. The need for quick diagnostic techniques to detect bacterial or fungal infections in blood stems from rising RD costs for manufacturers and a rise in the frequency of infectious diseases.
by Application
Bacterial Infections
Fungal Infections
Mycobacterial Infections
Blood culture tests are used to identify bacteria that have entered the bloodstream during various medical conditions, such as sepsis, meningitis, pneumonia, osteomyelitis, and kidney infections. Using them, mycobacterium and fungal infections can also be discovered. Given that bacterial infections are the most common cause of bloodstream infections (BSI) and other diseases, the category of bacterial illnesses had the highest revenue share in 2018. The segment is also expected to have the highest compound annual growth rate (CAGR) over the projection period. Growing healthcare awareness and better healthcare infrastructure in developing countries like South Africa, Tanzania, China, India, and Argentina are expected to drive the segment's growth.
by End-Use
Hospital Laboratories
Reference Laboratories
Others
In 2018, hospital laboratories accounted for the largest portion of market revenue. This is because hospital-acquired infections (HAIs) are on the rise. According to WHO estimates, the rate of infection in intensive care units (ICUs) in impoverished countries is two to three times greater than in industrialized countries. Wounds from surgery and urinary tract infections (UTIs) are included in this rate. More than 8,000 Canadian patients die from infections they contracted in hospitals each year.
Furthermore, the hospital laboratory segment is expected to develop at the fastest compound annual growth rate (CAGR) over the projection period. Growing public awareness of healthcare issues and government and non-governmental organization initiatives to prevent and control infectious diseases are the main factors driving the growth.
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Blood Culture Tests Market Key Players
1. Becton
2. Dickinson and Company
3. Thermo Fisher Scientific
4. bioMérieux SA
5. Luminex Corporation
6. Danaher Corporation
7. Bruker Corporation
8. IRIDICA
9. Roche Diagnostics
10.T2 Biosystems
11.Anaerobe Systems
12.OpGen
13.Meditech Technologies India Private Limited
14.Carl Zeiss AG
15.Nikon Corporation
16.BINDER GmbH
17.Biobase Biotech
18.Scenker Biological Technology Co.
19.Bulldog Bio
20.Axiom Laboratories
21.HiMedia Laboratories
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Key Questions answered in the Blood Culture Tests Market Report are:
- What is Blood Culture Tests?
- What will be the CAGR of the Blood Culture Tests market during the forecast period?
- Which segment of the Blood Culture Tests market held the largest share of the global market in 2022?
- What trends are expected to generate additional revenue for the Blood Culture Tests market?
- What are the opportunities for the Blood Culture Tests Market?
- What factors are driving the Blood Culture Tests market growth?
- Which company held the largest share in the Blood Culture Tests market?
Key Offerings:
- A detailed Market Overview
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape - Leading key players and other prominent key players.
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