Bloodstream Infection Testing Market - By Product (Instruments, Reagents & Consumables), Sample Type (Whole Blood, Blood Culture), Technology (PCR, Mass Spectroscopy, In Situ Hybridization), End-use (Hospitals) – Global Forecast, 2024 – 2032
Report ID: GMI7992
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Published Date: January 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 12
Tables & Figures: 264
Countries covered: 22
Pages: 150
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Bloodstream Infection Testing Market Size
Bloodstream Infection Testing Market size was valued at around USD 875.1 million in 2023 and is estimated to expand at 4.9% CAGR from 2024 to 2032. Bloodstream infections, also known as bacteremia or sepsis, it is diagnostic procedures and laboratory tests that are performed to identify the presence of bacteria or other microorganisms in the bloodstream.
The global rise in the prevalence of infectious diseases, coupled with growing awareness and increasing emphasis on infectious disease diagnostics, stands as key factors propelling the market growth. High population density and limited adherence to hygiene practices increases risk of infectious diseases, that significantly impact the human health. According to the data published by National Institutes of Health in 2022, approximately 250,000 bloodstream infections occur annually across the globe. Thus, increasing prevalence of several infectious diseases is anticipated to impel the market progression.
Technological advancements in bloodstream infection testing have significantly enhanced the accuracy, speed, and efficiency of diagnostic processes. Further, advances in molecular diagnostic techniques, such as polymerase chain reaction (PCR) technologies and nucleic acid amplification, enable the direct detection of microbial DNA or RNA, allowing for rapid and specific identification of pathogens. Therefore, technological advancements in bloodstream infection testing are projected to accelerate the market expansion.
Bloodstream Infection Testing Market Trends
The notable increase in healthcare-associated bloodstream infections (HA-BSI) in recent years serves as a driving factor for the market. The surge in cases, particularly attributed to the use of intravascular catheters, has raised significant concerns globally.
Bloodstream Infection Testing Market Analysis
The market by product is categorized into reagents & consumables, and instruments. The reagents and consumables segment garnered USD 737.1 million revenue in 2023.
Based on sample type, the bloodstream infection testing market is segmented into whole blood and blood culture. The blood culture segment accounted for over 72.6% business share in 2023 and is anticipated to witness significant growth.
The bloodstream infection testing market by technology is categorized into PCR, mass spectroscopy, in situ hybridization, and other technologies. The PCR segment accounted for around USD 457.1 million revenue size in 2023.
Based on end-use, the bloodstream infection testing market is segmented into hospitals & diagnostic centers, academic & research institutes, and other end-users. The hospitals & diagnostic centers segment accounted for over 45.3% business share in 2023 and is anticipated to witness significant growth during the forecast period.
North America bloodstream infection testing market accounted for USD 381.6 million revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
Bloodstream Infection Testing Market Share
The bloodstream infection testing industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy. Some of the leading industry players including Abbott Laboratories, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc, among others have a notable presence in the market.
Bloodstream Infection Testing Market Companies
Some of the eminent market participants operating in the bloodstream infection testing industry include
Bloodstream Infection Testing Industry News:
Bloodstream infection testing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product
Market, By Sample Type
Market, By Technology
Market, By End-use
The above information is provided for the following regions and countries: