Global Sepsis Diagnostics Market to witness Significant Growth Given the Increasing Burden of Sepsis
Inkwood Research anticipates that the Global Sepsis Diagnostics Market is evaluated to record a CAGR of 8.06% in terms of revenue during the forecasting years of 2021-2028."Browse 55 Market Data Tables and 48 Figures spread over 220 Pages, along with an in-depth TOC on the Global Sepsis Diagnostics Market Forecast 2021-2028."
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Sepsis develops due to the body's response to pathogenic microorganisms, within the blood. The increasing incidence of the condition leads to a tremendous need for rapid diagnostic techniques, thereby fueling the demand for sepsis diagnostic tools. Besides, the disease is also one of the major causes of high mortality rates.
Rising Burden of Sepsis to Propel Market Growth
Sepsis is characterized as a life-threatening disease, caused by the response of the body to an infection. The illness can potentially lead to significant morbidity, organ failure, tissue damage, or death. According to the World Health Organization (WHO), the global epidemiological burden is challenging to ascertain, and impacts over 30 million people, across the world. Moreover, one in ten deaths linked with childbirth and pregnancy, is due to maternal sepsis. The WHO reports that sepsis is often underdiagnosed at an early stage, and as per estimations, 1.2 million children and 3 million newborns suffer from the disease, worldwide.
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Automated Diagnostics is the Fastest-Growing Diagnostic Method
Automated diagnostics systems entail electronic systems that gather and analyze information from diverse sources. They can also be used to alert the staff upon identifying the symptoms and signs of sepsis. As a result, the condition is diagnosed early, thereby enabling treatment to commence before organ damage. The automated diagnostics segment is anticipated to observe a growing trend, on account of chief factors, including the prompt turnaround time, the accurate detection of positive blood culture, and the minimized risk of contamination. The automation of the blood culture system has further encouraged maximum pathogen yield within a shorter duration, in order to enhance patient management and, thus, save lives.
Asia-Pacific to Lead the Global Market by 2028
The Asia-Pacific is projected to record lucrative growth, owing to the rapidly augmenting economy, and substantial developments in medical healthcare, especially in nations like India and China. The need for sepsis diagnostics in the region is expected to be high due to the increasing mortality rates associated with the condition. Moreover, the growing awareness regarding the identification and treatment of sepsis further helps counter the serious effects of the disease.
The global sepsis diagnostics market has limited major players, possessing global distribution channels as well as collaborations with numerous diagnostic centers, distributors, and hospitals, globally. Hence, the firms are anticipated to record strong competition, in terms of product pricing, automation innovations, and the use of improved technology for developing new diagnostic technology products.
Some of the leading companies operating in the market are, Becton, Dickinson and Company, Bruker Corporation, Abbott Laboratories, etc.
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