Sepsis Diagnostic Market Share, Size Forecast 2023-2028
The global sepsis diagnostic market size was valued at USD 585.82 million in 2021 and is poised to grow at a significant CAGR of 7.6% during the forecast period 2022-28. Sepsis is a medical disorder that develops as a result of the body's response to infections caused by bacteria, viruses, or fungus. The immune system produces various substances into the bloodstream in this situation, causing hyperinflammation and the production of blood clots. Multiple organ failures, erratic breaths, low blood pressure, nerve transmission, and a higher heart rate are all possible complications of sepsis. Molecular diagnosis, immunoassays, microfluidics, biomarkers, flow cytometry, and other technologies are used to diagnose sepsis. Hospitals, pathology as well as reference laboratories, university research organisations, and other institutions are all using these diagnostic tools. The COVID-19 outbreak and subsequent lockdown in several countries around the world has had a severe impact on enterprises in all sectors.
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The increased frequency of different antibiotic-resistant bacterial strains, ageing population, increasing health-care awareness, and rising health-care spending are all major factors driving the worldwide sepsis diagnostics market. Furthermore, in the near future, the global sepsis diagnostics market is likely to benefit from an increase in the number of surgical procedures and product approvals for sepsis diagnosis. The high prevalence of hospital-acquired illness is a crucial element driving the global sepsis diagnostics market forward. However, the high price of diagnosis and the absence of suitable testing for sepsis will limit the market's development rate. In addition, the market would face additional challenges in the projected period due to a lack of knowledge about sepsis.
The global sepsis diagnostic market segmentation:
1) By Technology: Microbiology, Molecular Diagnostics, Immunoassays, Flow Cytometry
2) By Pathogen Type: Bacterial Sepsis [Gram-Positive Bacteria and Gram-Negative Bacteria], Fungal Sepsis, and Others
3) By Method: Conventional Diagnostics and Automated Diagnostics
4) By Test Type: Laboratory Tests and Point-Of-Care Tests
5) By End User: Hospitals, Pathology & Reference Laboratories.
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The sepsis diagnostic market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2020, North America had the greatest market share of 45.8%, and this is expected to continue during the projection period. This is due to the region's well-established healthcare system, which has resulted in a rise in the use of modern diagnostic solutions. Furthermore, the presence of large competitors on the ground and a favourable reimbursement system in this regions are encouraging market expansion.
The sepsis diagnostic market key players are Roche Diagnostics (Switzerland) Becton, Dickinson and Company (U.S.) Abbott (US) bioMérieux (France) Danaher (US) Luminex (US) Immunexpress (US) Cepheid Inc (United States) Bruker (U.S) Quidel Corporation (U.S.)
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