ID: MRFR/MED/1574-HCR | 85 Pages | Author: Kinjoll Dey | June 2023
The sepsis diagnostics market is expected to gain a market value of USD 1,582.23 million by 2030 at a CAGR of 9.80% over the forecast period of 2022-2030.
Sepsis is a potentially fatal condition resulting from the body's immune system attacking its own tissues in response to an infection. Organs perform badly and inappropriately when the body's infection-fighting mechanisms are activated. Sepsis can lead to septic shock, and the unexpected drop in blood pressure can harm organs and even result in death.
The main growth factors in the global sepsis diagnostics market are the rising prevalence of sepsis, hospital-acquired infections, the rise in the number of sepsis procedures, and an increase in financing for sepsis-related research activities. The most typical consequence for individuals being treated in hospitals is an infection picked up there. According to the Centers for Disease Control and Prevention (CDC), between 2019 and 2020 in the United States, there was an increase of about 24%, 35%, and 15% in central line-associated bloodstream infections, ventilator-associated events, and Methicillin-resistant Staphylococcus Aureus (MRSA) bacteremia respectively. The use of sepsis diagnostic devices is expected to increase as bloodstream infections rise. However, the high price of molecular diagnostic testing and the shortage of skilled professionals are expected to hamper the growth.
COVID-19 Analysis
Increasing sepsis among COVID-19 patients positively impacted the market. In a report released by the CDC in 2021, the examination of the standardized infection ratios for acute care hospitals in 2020 revealed appreciable increases from 2019. The fourth quarter of 2020 had the biggest growth. Additionally, COVID-19 patients have the highest risk of acquiring sepsis, according to a study that PLOS published in August 2021. To quote the study, "Immunometabolic signatures predict the risk of progression to sepsis in COVID-19". So, it is expected that this will open up new prospects for unique diagnostics in the market under investigation.
Market Dynamics
Market Drivers
In the forthcoming years, the Sepsis Diagnostics Market is expected to reach new heights. Significant factors such as the increasing number of people suffering from sepsis, and diseases acquired from the hospital will drive the market. Also, the development of new diagnostic tools and treatments will further improve the market growth.
Restraints
However, there are some restraining factors such as the high costs of treatment will impact the market negatively. Also, the lack of standardization in various developing countries can hamper market growth.
Opportunities
The increasing awareness for healthcare and the population of the older generation is depicted to offer new opportunities. Also, the rising presence of resistant strains of bacteria and expenditure for development and research by key players and government will boost the Sepsis Diagnostics Market Growth.
Challenges
The lack of skilled professionals and awareness for new technology can be challenging for market growth.
Cumulative Analysis
The increasing cases of sepsis and emphasis on the development of treatment and diagnosis will propel the market in the upcoming years. Furthermore, the development by key players such as collaborations, acquisitions partnerships will have a positive effect on the market.
Value Chain Analysis
Wi0th the rising demand and growing awareness, it is depicted that Sepsis Diagnostics Market Trends will increase. Also, the rapid development in technology and awareness for the treatment is predicted to boost the market growth and value chain of the market.
Market Segmentations
The Sepsis Diagnostics Market Segment is divided into technology, test type, pathogen, method, product, and end-users. Based on technology, the market is segmented into Immunoassays, Biomarkers, Diagnostics, and Others.
Based on product type, the Market is segmented into Blood Culture, Instruments, Media, Kits, and Others.
Based on end-users, the Market is divided into Specialty Clinics, Diagnostic Centres, Pathology Laboratories, Hospitals, and Others.
Based on test types, the Market is segmented into Point-of-Care Test, Laboratory Test.
Based on the method, the market is segmented into Conventional Diagnostics and Automated Diagnostics.
Based on Pathogen, the market is divided into Fungal Sepsis, bacterial Sepsis, and others. The bacterial sepsis is divided into Gram-Positive Bacterial Sepsis and Gram-Negative Bacterial Sepsis.
Regional Analysis
The Sepsis Diagnostics Market Size based upon region is divided into Europe, Americas, Asia-Pacific, and Africa, and the Middle East. However, the Americas are further divided into Latin America, and North America. According to the Market Analysis, North America is evaluated to hold the largest share in the forecast period. It is mainly because this region has a well-established infrastructure for healthcare and medical devices. Also, the increasing adoption of advanced technologies for sepsis diagnosis is favorable for the market growth.
Furthermore, Europe is also evaluated to hold the second-largest Sepsis Diagnostics Market Share. The growing adoption of new technologies and investments for development and research from various economies will be favorable for the market.
Asia-Pacific is evaluated to grow at the fastest CAGR. The growing awareness and the fast development in the healthcare system and technologies are anticipated to fuel the market growth. Moreover, Africa and the Middle East region is anticipated to grow at a gradual rate in the studied forecast period.
Competitive Landscape
The Market has the immense presence of various key players. These key players do various developments and market strategies such as collaboration, market analysis, launches, partnerships, etc. to enhancer their business withhold. Some of the key players in the market are as follows.
Recent Developments
Report Overview
The overview of the Sepsis Diagnostics Market Forecast is as follows.
Report Score and Segmentation
The report score of Sepsis Diagnostics Market Outlook highlights valuable information in the studied forecast period 2022-2030. It covers market value, CAGR, drivers, key players, challenges, and many more. Therefore, the information provided in this report is collected from various primary and secondary sources.
Segmentation
Report Attribute/Metric | Details |
---|---|
Market Size | USD 1582.23 million |
CAGR | 9.80% (2020-2030) |
Base Year | 2019 |
Forecast Period | 2020-2030 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Technology, Type of Product and End Users |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | bioMérieux, Inc. (US), EKF Diagnostics (UK), Immunexpress (US), T2 Biosystems, Inc. (US), Becton, Dickinson and Company (US), Axis-Shield Diagnostics Ltd. (Scotland), Cube Dx GmbH (Austria), Sandstone Diagnostics, Inc. (US) |
Key Market Opportunities | joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments |
Key Market Drivers | The hospital-acquired infections and Rising prevalence of sepsis has led to a growing need for its early diagnosis |
Sepsis Diagnostics Market is projected grow at 9.80% CAGR during the assessment period (2022-2030).
The valuation of the sepsis diagnostics market is estimated to increase to USD 1582.23 MN by the end of 2030.
T2 Biosystems, Inc. (US), EKF Diagnostics (UK), bioMérieux, Inc. (US), Sandstone Diagnostics, Inc. (US), Becton, Dickinson and Company (US), Immunexpress (US), Cube Dx GmbH (Austria), and Axis-Shield Diagnostics Ltd. (Scotland), are some of the major players operating in the sepsis diagnostics market.
North America holds the largest share in the global sepsis diagnostics market, followed by Europe and the Asia Pacific, respectively.
Growing investments from industry players and the enhanced collection of patient outcome information and incorporation into medical records are the major tailwinds pushing the growth of the global sepsis diagnostics market.
Key Questions Answered
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