Kenneth Research recently added a report on ‘Blood Culture Tests Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the In Blood Culture Tests Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
Blood cultures are used to detect the presence of bacteria or fungi in the blood, to identify the type present, and to guide treatment. Testing is used to identify a blood infection (septicemia) that can lead to sepsis, a serious and life-threatening complication.
The global Blood Culture Tests Market was valued at USD 3,251.63 million in 2016 and is projected to reach USD 6,254.92 million by 2025, growing at a CAGR of 7.54% from 2017 to 2025.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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Competitive Landscape:
The major players in the market are as follows:
1. Becton, Dickinson and Company
2. Biomérieux SA
3. Thermo Fisher Scientific, Inc.
4. Cepheid
5. Nanosphere, Inc.
6. Bruker Corporation
7. Beckman Coulter (Wholly Owned Subsidiary of Danaher Corporation)
8. Roche Diagnostics (A Division of F. Hoffmann-La Roche Ltd.)
9. Iridica (A Subsidiary of Abbott Laboratories)
10. T2 Biosystems
Market Dynamics:
1. Market Drivers
1.1 Increasing cases of sepsis cases
1.2 Growing Geriatric Population
1.3 Increasing research and product launches
1.4 Increasing incidences of Bloodstream infections
1.5 Demand for Rapid and Efficient diagnostics
1.6 High number of infections and disease spreads
2. Market Restraints
2.1 High cost of equipment
2.2 Lack of Trained technicians
Market Segmentation:
1. Global Blood Culture Tests Market, by Application:
1.1 Bacteremia
1.2 Fungemia
1.3 Mycobacterial Detection
2. Global Blood Culture Tests Market, by Technology:
2.1 Proteomics Technology
2.2 Culture-Based Technology
3. Global Blood Culture Tests Market, by Method:
3.1 Conventional/Manual Methods
3.2 Automated Methods
3.3 Molecular Technologies
3.3.1 Microarrays
3.3.2 PCR (Polymerase Chain Reaction)
3.3.3 PNA-FiSH (Peptide Nucleic Acid – Fluroscent in Situ
4. Global Blood Culture Tests Market, by End User:
4.1 Hospital Laboratories
4.2 Reference Laboratories
4.3 Academic Research Laboratories
4.4 Other Laboratories
5. Global Blood Culture Tests Market, by Product:
5.1 Consumables
5.1.1 Assay Kits & Reagents
5.1.2 Blood Culture Accessories
5.1.3 Blood culture Media
5.1.3.1 Aerobic Blood Culture Media
5.1.3.2 Pediatric Aerobic Blood Culture Media
5.1.3.3 Anaerobic Blood Culture Media
5.1.3.4 Mycobacterial Blood Culture Media
5.1.3.5 Fungi/Yeast Blood Culture Media
5.2 Instruments
5.2.1 Supporting Laboratory Equipment
5.2.1.1 Incubators
5.2.1.2 Colony Counters
5.2.1.3 Microscopes
5.2.1.4 Gram Stainers
5.2.2 Automated Blood Culture Systems
5.3 Software and Services
6. Global Blood Culture Tests Market, by Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Blood Culture Tests Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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