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Bloodstream Infection Testing Market Size

  • Report ID: GMI7992
  • Published Date: Jan 2024
  • Report Format: PDF

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.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Bloodstream infection testing industry was worth USD 875.1 million in revenue in 2023 and is estimated to exceed USD 1.33 billion by 2032 attributed to the rising prevalence of infectious diseases coupled with growing awareness and the increasing emphasis on infectious disease diagnosis.

Bloodstream infection testing industry size from the reagents and consumables segment garnered USD 737.1 million in 2023 and is projected to depict notable growth between 2024 and 2032 owing to the ongoing advancements in molecular and immunological reagents.

North America bloodstream infection testing industry size was USD 381.6 million in 2023 and is set to exhibit robust growth through 2032 driven by the increasing disposable incomes and favorable reimbursement policies in the region.

Some leading bloodstream infection testing industry players are Abbott Laboratories, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, F. Hoffmann-La Roche Ltd., Luminex Corporation, Siemens Healthineers AG, and Thermo Fisher Scientific Inc.

Bloodstream Infection Testing Market Scope

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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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