Sepsis Diagnostic Market 2028 by Investment Feasibility, Sales, Production and Company Introduction | BioMérieux SA, Thermo Fisher Scientific, Abbott Laboratories, Roche Diagnostics AG,

Increasing Prevalence of Sepsis to Augment Growth of the Sepsis Diagnostics Market

Market Overview:

Sepsis is the body's extreme response to an infection. It is a life-threatening medical emergency. Infections that lead to sepsis most often start in the gastrointestinal tract, skin, lung, or urinary tract. Sepsis happens when infection people already have triggers a chain reaction throughout the body. The three stages of sepsis include sepsis, severe sepsis, and final stage of septic shock. Sepsis has a high mortality rate and morbidity rate. Sepsis is often diagnosed based on simple measurements such as temperature, heart rate, and breathing rate. One may need to give a blood test. Other tests can also help determine the type of infection, where it's located and which body functions have been affected.

Competitive Landscape:

Major players operating in the global sepsis diagnostics market are Bruker Corporation, EKF Diagnostics, T2 Biosystems, Immunexpress Inc., Axis-Shield Diagnostics, Becton Dickinson Company, Danaher Corporation, Luminex Corporation, BioMérieux SA, Roche Diagnostics AG, Abbott Laboratories, Thermo Fisher Scientific, CytoSorbents Corporation, and Response Biomedical Corporation, among others.

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Key Market Drivers:

High incidence of sepsis across the globe is expected to propel growth of the sepsis diagnostics market during the forecast period. For instance, according to the World Health Organization (WHO) released its first report on the global epidemiology and burden of the sepsis, estimating that the life-threatening reaction to infection causes 1 in 5 deaths worldwide. Moreover, as per the article published in February 2019 by the National Center for Biotechnology Information, the mortality rate of sepsis is around 25 to 30%.

Moreover, increasing focus on the development of the novel diagnostic tests is expected to aid in the growth of the sepsis diagnostics market. For instance, in January 2020, Inotrem S.A. and Roche Diagnostics teamed up to develop the sTREM-1 test, a diagnostic solution for sepsis.

COVID-19 Impact Analysis:

The Global Sepsis Alliance stated that COVID-19 can cause sepsis, the body's overwhelming and life-threatening response to an infection that can lead to organ damage and death. This in turn has led to an increasing demand for sepsis diagnostics. In October 2020, Biocartis Group, announced the market release of SeptiCyte RAPID on Idylla as a CE-marked IVD test. While, in April 2020, Cytovale Inc. expanded its partnership with the Biomedical Advanced Research and Development Authority to examine the use of Cytovale's Rapid Sepsis Diagnostic System for diagnosing sepsis in patients with potential respiratory infections, including COVID-19.

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Key Takeaways:

• The sepsis diagnostics market is expected to exhibit a CAGR of 9.6% during the forecast period due to the growing funding for sepsis-related research and increasing research and development. For instance, in February 2022, Asep Medical finalized exclusive licensing arrangement with University of British Columbia for a patented artificial intelligence (AI)-driven sepsis diagnosis technology. The technology enables accurate diagnosis of the sepsis disease at an early stage.

• Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the sepsis diagnostics market due to the increasing prevalence of sepsis, growing prevalence of infectious diseases, high incidence of hospital-acquired infections, growing funding for sepsis-related research, and increasing product launches and approvals.

• For instance, in July 2021, Accelerate Diagnostics, Inc. launched a new IVD configuration of its Accelerate PhenoTest BC kit in the United States. With this launch, the company now provides two solutions for fast sepsis testing.

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