Sepsis Diagnostics Market Size, Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Sepsis Diagnostics Market


The global Sepsis Diagnostics market size is projected to reach US$ 1060.53 million by 2026, from US$ 605.21 million in 2020, at a CAGR of 9.8% during 2021-2026. Rising prevalence of sepsis has led to a growing need for its early diagnosis. Septic poisoning may result in severe inflammation, leading to prolonged hospitalization. This condition is also one of the leading causes of death. Hence, in order to reduce the alarming mortality rate amongst people developing septicemia, demand for related diagnostic products is expected to grow to a great extent in near future.
Hospital-acquired infections also significantly contribute to the growth of the market. Such infections are a result of prolonged hospital stays. The World Health Organization (WHO) estimated that the rate of ICU-acquired infections is at least 2-3 times higher in developing countries as compared to developed countries. These infections including urinary-tract and surgical site wound infections that majorly lead to severe sepsis.

Increasing number of surgical cases leading to post-operative infections cause septic shock. Post-surgical infections generally arise due to factors such as failure to sterilize the surgical site and surgical instruments. Thus, diagnostic instruments and assays are increasingly demanded by hospitals for early detection of septic shock.
Hospital-acquired infections are on the rise, owing to the high prevalence of numerous chronic diseases such as diabetes. Rising number of hospital admissions in acute care hospitals often lead to infections, which cause sepsis. According to the WHO, 7 out of every 100 hospitalized patients will develop hospital-acquired infections in developed countries, whereas, the number will increase to 10 in developing countries, due to poor healthcare infrastructure. The WHO also estimated that the rate of ICU-acquired infections is at least two to three times higher in developing countries as compared to developed nations. These facts are indicative of the rising demand for sepsis diagnostic products globally.

Market Segmentation, Outlook & Viewpoint: Global Sepsis Diagnostics Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Instruments
  
Blood Culture Media
  
Assay Kits and Reagents
  
Software

Technology Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Microbiology
  
Molecular Diagnostics
  
Immunoassays
  
Flow Cytometry

Pathogen Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Bacterial Sepsis
  
Gram-Positive Bacteria
  
Gram-Negative Bacteria
  
Fungal Sepsis
  
Others

Testing Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Laboratory Testing
  
PoC Testing

Key Players, Recent Developments & Regional Insights: Global Sepsis Diagnostics Market

On the basis of product, the sepsis diagnostics market is segmented into instruments, blood culture media, assay kits and reagents, and software. In 2018, blood culture media was estimated to be the largest grossing segment and is also anticipated to be fastest growing during the forecast period. This is due to the fact that blood culture is considered as the gold standard method and cost-effective mode of testing by clinicians.

Assay kits and reagents are also expected to showcase lucrative growth owing to their capability of early diagnosis as well as introduction of automated tests by major companies. On the other hand, instruments and software accounted for the smallest market share in 2018. High cost of automated instruments may hinder the growth to an extent as many laboratories with budget constraints are likely to opt for conventional methods used for pathogen identification.

Regional Insights

In 2018, North America led the market owing to the presence of a well-established healthcare infrastructure as well as the rapid adoption of advanced products. Moreover, septic poisoning is a leading cause of mortality in countries like U.S., which is accelerating the demand for diagnostic products.
Asia Pacific is projected to exhibit lucrative CAGR over the forecast period. This region provides immense opportunities for key players through the introduction of novel sepsis diagnostic tests to reduce the increasing mortality rate.

Sepsis Diagnostics Market Share Insights

Some of the key market players are Becton, Dickinson and Company; bioMerieux SA; Roche Diagnostics; Beckman Coulter, Inc.; Thermo Fisher Scientific, Inc.; Cepheid Inc.; Bruker Corporation; and Nanosphere, Inc.
The major companies are undertaking strategies such as mergers and acquisitions, new product development, and regional expansion to cater to the unmet needs of the patients. For instance, in 2016, BioFire Diagnostics, LLC,-the molecular biology counterpart of bioMerieux-received the U.S. Food and Drug Administration (FDA) clearance for FilmArray Torch for use with the FilmArray Blood Culture Identification (BCID) Panel.

Key Insights Covered: Global Sepsis Diagnostics Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Sepsis Diagnostics industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Sepsis Diagnostics industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Sepsis Diagnostics industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Sepsis Diagnostics industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Sepsis Diagnostics industry.

Research Methodology: Global Sepsis Diagnostics Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other