The Global Sepsis Diagnostics Market to Expand at CAGR of 8.18% by 2028

Triton Market Research presents the Global Sepsis Diagnostics Market segmented by Diagnostic Method (Automated Diagnostics, Conventional Diagnostics), Pathogen (Fungal Sepsis, Gram-Positive and Gram-Negative Bacterial Sepsis, Other Pathogens), Technology (Molecular Diagnostics, Microbiology, Immunoassay, Other Technologies), Testing Type (Point-of-Care Testing, Laboratory Testing), Product (Instruments, Blood Culture Media, Assay Kits & Reagents), and Geography (Asia-Pacific, Middle East and Africa, Europe, North America, Latin America). The report also discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Model, Market Attractiveness Index, Vendor Scorecard, Key Market Strategies, Drivers, Restraints, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Triton Market Research's report suggests that the global sepsis diagnostics market is anticipated to observe a surge at a CAGR of 8.18% over the forecasting period 2021-2028.

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Sepsis refers to a condition that emerges as a result of the body's response to pathogenic microorganisms in the blood. Several companies are taking initiatives to develop new technologies to address this condition.

The rising government initiatives for research activities related to sepsis are creating several opportunities for the global market over the considered phase. Over the years, there has been a tremendous rise in sepsis cases, owing to the increasing geriatric population and high risk of sepsis among patients undergoing an organ transplant. As per NHS, sepsis is a rare but severe complication of an infection, leading to organ failure if not remedied. Hence, these factors increase the need for research activities to develop new treatments. However, the high cost of the instrument, coupled with reimbursement issues, is restricting the overall progression of the sepsis diagnostics market.

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North America holds the largest market share in the sepsis diagnostics market and is likely to continue its stronghold till 2028. The region's robust growth can be attributed to the well-developed healthcare infrastructure in the United States and Canada. This resulted in the high adoption rate for sepsis diagnostics instruments in laboratories and diagnostics centers. Above all, the favorable healthcare reimbursement in the region's countries has influenced the higher penetration of automated sepsis diagnostics analyzers in the market. Therefore, such developments are estimated to support the sepsis diagnostics market's lucrative growth across North America.

The companies engaged in the sepsis diagnostics market include Immunexpress Inc, Thermo Fisher Scientific Inc, Response Biomedical Corporation, Bruker Corporation, T2 Biosystems Inc, Cytosorbents, F Hoffmann-La Roche, EKF Diagnostics, Becton Dickinson and Company (CR Bard), Abbott Laboratories, Danaher Corporation, Biomerieux SA, and Luminex Corporation.

Due to high industry profitability and unmet medical needs, the threat of new market players is considerably high in the sepsis diagnostics market. Moreover, favorable government policies are encouraging new companies to enter the market. At the same time, some of the major companies have global distribution channels, along with collaborations with large distributors, hospitals, and diagnostic centers. Hence, these companies are anticipated to experience intense competition based on pricing, innovations, and others. This indicates the competition to be high among existing players.

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