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Sepsis Treatment Market to Reach USD 700 million in 2025, at a CAGR of 8.5%

08-02-2021 09:20 PM CET | Health & Medicine

Press release from: VynZ Research

Sepsis Treatment Market

Sepsis Treatment Market

The global sepsis treatment market is forecast to grow at an annual rate of 8.5 percent from USD 429 million in 2019 to USD 700 million in 2025. The public-private support for target study efforts, the rising prevalence of infectious diseases, the number of sepsis incidences, and the government programs to raise sepsis awareness are all expected to fuel the market growth over the forecast period for Sepsis Treatment products.

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Since older people are more susceptible to sepsis due to a weakened immune system, a rise in the aging population may fuel the growth of the sepsis treatment industry.

Furthermore, the demand for antibiotic-resistant bacterial strains, rising rates of hospital-acquired infections, and the high prevalence of a variety of chronic diseases such as diabetes may all contribute to the growth of the sepsis treatment market. Low healthcare spending in low- and middle-income countries, a lack of public interest, and the advent of the generic industry have all slowed the development of the sepsis treatment industry.

The excruciating need to screen and test large numbers of patients for potential Sars-Cov-2 contamination is the most common problem for governments in all Covid-19-affected countries. As a result, the majority of them are experiencing severe shortages of medical kits to screen for the infection. Diagnostics virology companies are under a lot of pressure to have accurate research kits, and laboratories in a lot of countries are clamoring for in-vitro or point-of-care testing capabilities. Covid19 will be accounted for as a significant industry contributor in the study.

North America accounted for the largest share of the global sepsis diagnostics market.
The medical device industry in North America is well-established. The availability of well-developed healthcare infrastructure, widespread acceptance of advanced sepsis diagnostic technology by medical practitioners, rising sepsis incidences in the area, and technical advances in the field of sepsis diagnostics are all driving the demand in North America.

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Over the projected period, increasing regulatory acceptance and the launch of technologically innovative diagnostic solutions are expected to be the major factors facilitating market development. Furthermore, Sysmex Corporation of Japan released its latest HISCL Presepsin Assay Kit in August 2018 for assessing presepsin levels, the key test parameter for bacterial sepsis. In comparison to traditional biomarkers, this package is designed to achieve early detection of bacterial sepsis with high precision.

COVID-19, influenza, HIV, meningitis, pneumonia, and other viruses, according to the Global Sepsis Alliance, are the most common causes of sepsis. Patients diagnosed with COVID-19 have a greater chance of contracting coinfections, according to a retrospective report. The report found that 50% of non-survivors had a secondary infection, 100% of non-survivors had sepsis, and approximately 70% of non-survivors had septic shock. As a result, sepsis is one of the leading causes of death in COVID-19 patients.

Some of the Major Market Players Are:

• Abbott
• Pfizer Inc
• GlaxoSmithKline plc
• Bristol-Myers Squibb Company
• Adrenomed AG
• AM-Pharma B.V.
• Johnson & Johnson
• Amomed Pharma GmbH
• Asahi Kasei Corporation
• Endacea, Inc
• Novartis
• TEVA
• INOTREM
• InflaRx N.V.
• Bayer
• Shanghai Pharmaceuticals
• La Jolla Pharmaceutical Company
• TaiRx, Inc.

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VynZ Research
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About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across a wide range of industries.

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