Global Industry Analysis on Sepsis Detection Device Market - Size, Share, Growth, Trends, and Forecast 2017 - 2025

19 Feb 2018
"Sepsis Detection Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect.
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Report Description-
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Sepsis is the destructive inflammatory response of the body to bloodstream infections which leads to organ damage & death.  Sepsis is serious condition requiring early diagnosis and treatment to increase the patient’s chances of survival. Sepsis is categorized into 3 types such as sepsis, severe sepsis and septic shock based on the severity of systemic inflammatory response syndrome (SIRS) symptoms shown by the body.  According to NCBI, the number of patients suffering from the ailment is steadily increasing, resulting in the need for rapid and advanced diagnostic testing. As per the Sepsis Alliance, in U.S., every year, nearly 258,000 people succumb to sepsis. Globally, there are around 18 million cases of sepsis diagnosed each year. According to the Centers for Disease Control and Prevention, more than 180,000 sepsis-related deaths occurred in U.S., in 2014. Sepsis has a high prevalence rate among geriatric and neonatal population owing to their weak immunity. Neonatal sepsis has the highest death rate. Alarming prevalence and mortality rate is expected to boost the growth of the global sepsis detection device market during forecast period. It is difficult to diagnose sepsis from other similar non-infectious conditions in critically ill patients with similar symptoms. Therefore, the demand for rapid and accurate sepsis detection devices is expected to increase during forecast period.
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Rising geriatric population, high incidence of hospital-acquired infections, growing number of surgical procedures, changing healthcare infrastructure, and increasing product approvals are factors driving the growth of the global sepsis detection device market. However, high cost of treatment and lack of skilled staff are factors impeding the market growth. Research and development activities are focused to develop sepsis detection techniques providing fast and accurate results.  Emerging markets such as India and China are actively involved in the development of novel devices for the early detection of sepsis. For instance, an IIT Delhi-based researcher developed a colorimetric rapid card test with the help of using an antibiotic colistin and gold nanoparticles to detect endotoxin levels in human serum. Another, India-based diagnostic chain SRL diagnostics has developed “Sepsiscreen Test” to fulfil the huge unmet need for sepsis detection.
The global sepsis detection device market can be segmented based on technology, product type, method, usability, pathogen type, and region. Based on technology, the market can be divided into microbiology, molecular diagnostics, immunoassays, and flow cytometry. In terms of product type, the market can be categorized into blood culture media, instruments, assay kits & reagents, and software. Based on method, the global sepsis detection market can be bifurcated into conventional diagnostics and automated diagnostics. In terms of usability, the market can be segmented into laboratory testing and point-of-care testing. Based on pathogen type, the market can be categorized into bacterial sepsis and fungal sepsis. The bacterial sepsis segment can be further bifurcated into gram-negative bacterial sepsis and gram-positive bacterial sepsis. The molecular diagnostic technique is less popular as compared to other techniques, due to higher cost. However, it is anticipated to show rapid growth during forecast period owing to changing economic conditions, increasing health care expenditure, and rising demand for fast and accurate results.  
Based on region, the global sepsis detection device market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is leading the market owing to the high sepsis prevalence rate in the region, adoption of advanced techniques, and the presence of a well-established healthcare infrastructure. Sepsis is the leading cause of death in North American countries such the U.S. After North America, Europe is largest sepsis detection device market due to high prevalence of the disease, which accounts to nearly 3 in 1,000 in general population and 23 in 1,000 in hospitalized patients and a high mortality rate ranging between 36,000-64,000 cases in England and Wales.  Asia Pacific is projected to expand at a considerable growth rate over the forecast period, owing to increasing expenditure on research & development activities, rising geriatric population, and poor hygiene conditions in many underdeveloped regions.
Key players operating in the global sepsis detection device market are bioMérieux SA, T2 Biosystems, Inc., Spectral Medical, Inc., Radiometer Medical ApS, Nova Biomedical, Bruker Corporation, Cube Dx GmbH, GenMark Diagnostics, Inc., MAGNA PARVA, Cepheid, Thermo Fisher Scientific, Inc., Luminex Corporation, Nanosphere, Inc., Abbott, Roche Diagnostics, BD, and Beckman Coulter, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
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