Global blood culture test market size to record a CAGR of 8% over 2020-2027

The business intelligence report on ‘Global Blood Culture Test Market’ offers a thorough analysis of the primary growth indicators, profitable prospects, challenges, and restraints influencing the industry dynamics during 2020-2027. The study meticulously examines the various market segments including application spectrum, technology type, end-users, and product scope, while shedding light upon on the regional outlook as well as the competitive scenario, in order to assist stakeholders in recognizing the top growth avenues of this business sphere.

As cited by expert analysts, global blood culture test market was valued at USD 4.03 billion in the year 2019 and is slated to expand with a robust compound annual growth rate of 8% during the stipulated timeframe of 2020 to 2027.

The unforeseen outbreak of the Covid-19 pandemic has confined the global economy, restricting revenue generation as well as business development by disrupting the overall supply chain. The core objective of the report is to respond to all the client interrogations through its holistic scrutiny, while parallelly suggesting effective business strategies for industry moguls to endure the instabilities in supply & demand.

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Factors such as growing geriatric population, rising prevalence of sepsis, blood stream infections, and other infectious diseases, and favorable scenario for regulatory product approvals of instruments and consumables are positively swaying the blood culture test market dynamics.

For the record, blood culture refers to a medical test that is conducted to diagnose and detect the main source of infection in blood. These infections are primarily caused by bacteria as well as other microorganisms such as viruses, fungi, and yeast.

The report states that escalating demand for advanced and innovative products across clinical diagnostic laboratories and hospitals for the diagnosis of mycobacterial infections, coupled with increasing research & development activities are stimulating the global blood culture test market outlook.

Furthermore, mergers, partnerships, acquisitions, and other strategies allied by industry partakers, ongoing technological advancements, and introduction of innovative products are further bolstering the industry expansion. On the contrary, high manufacturing costs and implementation of stringent government regulations for patient safety are acting as challenges for worldwide blood culture test market.

Outlining market segmentations

Speaking of product scope, the industry vertical is segmented into instruments, and consumables. With regards to technology, the market is divided into proteomic, microarray, and PCR.

The application spectrum of the industry comprises of fungemia, and bacteremia. Moving on to end-user terrain, the business domain is bifurcated into reference laboratories, and hospital laboratories.

To access a sample pages of this report titled “Global Blood Culture Test Market by Application (Bacteremia, Fungemia), by Product (Consumables, Instrument), by Method (Automated, Manual), by Technology (PCR, Microarray, Proteomic), by End User (Hospital Laboratories, Reference Laboratories) and Regional Forecasts 2020-2027” in detail along with the table of contents, please click the link below:

https://www.marketstudyreport.com/reports/global-blood-culture-test-market-by-application-bacteremia-fungemia-by-product-consumables-instrument-by-method-automated-manual-by-techno

Regional outlook

Global blood culture test industry share is fragmented into North America, Asia-Pacific, Latin America, Europe, and rest of the world. Among these, credible estimates cite that North America accounts for a majority of the market share presently, on account of rising adoption of advanced technologies, along with growing awareness regarding the benefits of early diagnosis of infections.

On the other hand, Asia-Pacific blood culture test market is predicted to display the highest annual growth rate during 2020-2027, owing to favorable government initiatives, and growing prevalence of sepsis.

Global Blood Culture Test Market by Product Variety (Revenue, USD Million, 2017-2027)

  • Instruments
  • Consumables

Global Blood Culture Test Market by Technology Type (Revenue, USD Million, 2017-2027)

  • Proteomic
  • Microarray
  • PCR (Polymerase Chain Reaction)

Global Blood Culture Test Market by Application Scope (Revenue, USD Million, 2017-2027)

  • Fungemia
  • Bacteremia

Global Blood Culture Test Market by End-user Terrain (Revenue, USD Million, 2017-2027)

  • Reference Laboratories
  • Hospital Laboratories

Global Blood Culture Test Market Regional Outlook (Revenue, USD Million, 2017-2027)

North America

  • The United States of America
  • Canada

Asia-Pacific

  • Japan
  • South Korea
  • India
  • Australia
  • China
  • Rest of APAC

Europe

  • United Kingdom
  • France
  • Italy
  • Spain
  • Germany
  • Rest of Europe

Latin America

  • Mexico
  • Brazil

Rest of the World

Global Blood Culture Test Market Competitive Landscape (Revenue, USD Million, 2017-2027)

  • T2 Biosystems Inc.
  • IRIDICA (Ibis Biosciences Inc.)
  • Bruker Corporation
  • Beckman Coulter Inc.
  • F. Hoffmann-La Roche AG
  • Nanosphere Inc.
  • Cepheid Inc.
  • Thermo Fisher Scientific, Inc.
  • bioMérieux SA
  • Becton, Dickinson and Company (BD)

Related Report:

Respiratory Protective Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

The respiratory protective equipment market is slated to record significant gains over the forthcoming timeframe owing to the rising demand from medical & healthcare sector and increasing awareness related to workplace safety. Respiratory protective equipment comes under the Personal Protective equipment category. These equipment protect people or the individual wearers against the inhalation of substances that are hazardous to health. It is advised that the respiratory protective equipment is supposed to be used only when all the other necessary control measures have been performed.

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