Blood Culture Test Market Valued at $5.40 Billion in 2023, Projected to Grow at a 9.2% CAGR, Says Stellar Market Research

𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:

𝐁𝐥𝐨𝐨𝐝 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 𝐓𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at USD 5.40 billion in 2023. Global Blood Culture Test Market size is estimated to grow at a CAGR of 9.2 % over the forecast period.

𝐁𝐥𝐨𝐨𝐝 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 𝐓𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Bloodstream infections (BSIs) have a significant impact on mortality and morbidity. Blood cultures are the gold standard for diagnosing BSIs. While manual blood culturing methods are predominantly used in low- and middle-income countries (LMICs), high-income nations frequently utilize automated systems for blood culture incubation and growth monitoring.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/req_sample/Blood-Culture-Test-Market/1102

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐁𝐥𝐨𝐨𝐝 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 𝐓𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬?

A concerning study revealed that despite 72% of COVID-19 patients receiving antimicrobial treatments, only 8% had confirmed bacterial or fungal co-infections during their hospital stays. With over 200 million confirmed COVID-19 cases globally, the high rate of inappropriate antibiotic use poses serious risks for the development of antimicrobial resistance (AMR). Excluding COVID-19's effects, AMR is projected to increase healthcare costs by 25% in low-income countries compared to a 6% rise in high-income countries by 2050. To combat this AMR crisis, expanding access to blood culture testing in LMICs is crucial, as it facilitates pathogen identification and antimicrobial susceptibility testing, which are essential for effective antimicrobial stewardship and surveillance.

Impact and Demand for Blood Culture Testing:

BSIs are severe infections that contribute significantly to morbidity and mortality, affecting around 30 million people globally each year and resulting in 6 million deaths. Among these, 3 million are newborns and 1.2 million are children suffering from sepsis annually. In Eastern African nations, the prevalence of bloodstream infections ranges from 12% to 19%. The World Health Organization (WHO) estimates approximately 250,000 cases of BSIs in the United States annually, with 80,000 involving catheters. This high incidence drives the demand for advanced diagnostic tools capable of detecting bacterial, fungal, and mycobacterial infections. The rising rates of sepsis, BSIs, and infectious diseases are expected to be key growth drivers for the market.

Challenges in Blood Culture Testing:

Blood culture tests can sometimes yield false results due to contamination from environmental microorganisms that may proliferate in the culture, leading to misleading indications of infection. Automated blood culture systems, while more accurate, are expensive due to their advanced features and functionalities. For instance, PCR systems range from US$10,000 to US$15,000, and MALDI-TOF MS systems cost between US$150,000 and US$850,000. Many academic research facilities face challenges in affording these high-cost systems due to limited funding, and ongoing maintenance and indirect costs further increase the total cost of ownership. This poses a significant barrier to the adoption of automated blood culture instruments, especially among smaller users.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐁𝐥𝐨𝐨𝐝 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 𝐓𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 ?

In 2019, North America held a substantial share of the global blood culture test market, driven by the high prevalence of bloodstream infections and advanced healthcare infrastructure. This trend is expected to continue, bolstered by increased awareness, acceptance of innovative diagnostic techniques, robust economic growth, and demand for advanced medical facilities. The market's expansion is also supported by heightened R&D efforts and the presence of major competitors in the region.

In Europe, the growth of the blood culture test market is fueled by the availability of advanced diagnostic products and sophisticated healthcare infrastructure in countries like Germany, the U.K., Switzerland, and France. Increased R&D investments by manufacturers for developing new products are also anticipated to drive market growth in this region.

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! @https://www.stellarmr.com/report/req_sample/Blood-Culture-Test-Market/1102

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐁𝐥𝐨𝐨𝐝 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 𝐓𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 ?

by Product

consumables
Instrument
Software and Services

by application

Bacterial
Fungal
Others

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐁𝐥𝐨𝐨𝐝 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 𝐓𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

Becton
Dickinson and Company
bioMérieux SA
Thermo Fisher scientific, Inc
Danaher Corporation
Luminex Corporation
Roche
BrU.K.er Corporation
Abbott Laboratories.
Labcorp

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Blood-Culture-Test-Market/1102

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.

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